General
Compounding Per 1K Profit
Here you define how many lots the bot should add as the initial lot size when you make €1.000 profit. If you set this to '0', it will not increase the lot size when you make €1.000 profit. When you set this to '0.01', every €1.000 profit your initial lot size will increase with 0.01. If you set this to '0.005', every €2.000 profit your lot size will increase.
Advice: Depends what your plan is.
Initial Lot Size
Here you fill in the initial lot size you want to run. We suggest to run 0.01 for a €1.000 account. That means that if you run a €7.000 account your initial lot size should be 0.07. You can also run smaller lot sizes to lower the risk. For a €500 account you need to run 0.01 also, as the smallest lot size available is 0.01.
Advice: 0.01 per €1.000.
Allow Simultaneous Buy and Sell
With this setting you can enable or disable the option where the bot will open Buy trades if the bot already has Sell trades open. Example: You have a Sell trade open as price moved above the upper white line. Then price moves down, under the bottom white line so it triggers a Buy trade. Meanwhile your sell trade has not been closed yet. Now you are in a Sell and a Buy trade. With our tests we kept this setting always on True.
Initial Trade TP Pips
Here you fill in at what amount of pips the trade will be closed. Filling in '10' menas the trade will close at 10 pips profit.
Advice: 10. Feel free to test around with 5, 20, 50 etc.
Stoploss (0 = Off)
If you set this to '0', the Stoploss function will not work. If you set this to (for example) 500, all trades will be closed at an open drawdown of 500 and the bot will be removed from the chart.
Max Active Pairs
If you want to run multiple pairs at once, but don't want the bot to open trades for all pairs at the same time, you want to use this function. I will explain this function with examples after explaining the 'Seconds Delay To Open' function below.
Seconds Delay To Open
Without this function the 'Max Active Pairs' function will not work. This is because if all pairs want to open a trade at the exact same time, it will open all pairs. Therefore you need to add a delay to each pair. Also this way you can define which pair is preferred and which is not.
Example: You are running GBPUSD, EURGBP and AUDCAD You do not want to be in trades for all 3 pairs at the same time, as this could be too much for your balance and blow your account if things go against you. You set 'Max Active Pairs' to '1'. Then you define which pair you want the bot to open a trade for if two or all pairs trigger a trade at the same time. You define your preferred pair with 'Seconds Delay To Open'. You prefer the bot to open a trade for GBPUSD so you set 'Seconds Delay To Open' for GBPUSD to '0'. EURGBP is your 2nd preferred pair, so you set the 'Seconds Delay To Open' for EURGBP to '1'. AUDCAD is your least preferred pair, so you set the 'Seconds Delay To Open' to 3. This means that if all three pairs trigger a trade at the same time, it will open the GBPUSD trade after 0 seconds and EURGBP & AUDCAD will not open a trade.
GBPUSD:
EURGBP:
AUDCAD:
Example: You run GBPUSD, EURGBP, AUDCAD, AUDUSD and NZDCAD. These are 5 pairs. You want the bot to open a max of 2 different pairs at the same time. So you set the 'Max Active Pairs' for all pairs to '2'. Your preferred pairs are: 1. GBPUSD 2. AUDCAD 3. EURGBP 4. AUDUSD 5. NZDCAD. So you set the 'Seconds Delay To Open' for GBPUSD to 0, AUDCAD to 1, EURGBP to 2, AUDUSD to 3 and NZDCAD to 4.
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