User Manual
User Manual
Management Solutions
User Manual
https://www.takepropips.com
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Contents
Introduction .................................................................................................................................................. 7
Trading Management Dashboard ................................................................................................................ 8
Currency Strength Meter ............................................................................................................................. 9
Trend Scanner............................................................................................................................................. 10
Trade Manager ........................................................................................................................................... 11
Account Statistics ....................................................................................................................................... 12
Order Management.................................................................................................................................... 13
Edit Orders Management ........................................................................................................................... 14
Close Orders Management ........................................................................................................................ 15
Close All Orders Management ................................................................................................................... 16
Auto-Trade Management........................................................................................................................... 17
Auto-Trade Recovery Management .......................................................................................................... 18
Trailing Stop Management......................................................................................................................... 19
Breakeven SL Management ....................................................................................................................... 20
Partial Close Management ......................................................................................................................... 21
Currency Strength Meter Management .................................................................................................... 22
Task Manager ............................................................................................................................................. 23
Create New Task ......................................................................................................................................... 24
Advanced Screener Management ............................................................................................................. 25
Account Summary Report .......................................................................................................................... 26
Transactions History Report ...................................................................................................................... 27
Pairs Performance Report .......................................................................................................................... 28
Notifications History .................................................................................................................................. 29
Order Chart Labels...................................................................................................................................... 30
Order Ticket Management ......................................................................................................................... 31
Hedge Position............................................................................................................................................ 32
Shared Auto-Trade Settings ....................................................................................................................... 33
Shared Trailing Stops Settings ................................................................................................................... 34
Shared Breakeven SL Settings .................................................................................................................... 35
Shared Partial Close Settings ..................................................................................................................... 36
Adaptive Machine Learning (AI Algorithm) ............................................................................................... 37
Account Protection Management ............................................................................................................. 38
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Compact View............................................................................................................................................. 39
Trade Management (Compact View)......................................................................................................... 40
Premium Strategies .................................................................................................................................... 41
Standard Strategies .................................................................................................................................... 42
Custom Strategies (No Coding) .................................................................................................................. 43
Create Your Own Strategy (No Code) ........................................................................................................ 44
Custom Strategies (Dev Only) .................................................................................................................... 45
Secondary Strategy .................................................................................................................................... 46
One Click Trading (Fast Buy / Fast Sell) ..................................................................................................... 47
Manual Grid Management......................................................................................................................... 48
Trade Signals Dashboard ............................................................................................................................ 49
Trade Signals Dashboard (Part 2)............................................................................................................... 50
Automated Entry & Exit Signals ................................................................................................................. 51
Account History Performance .................................................................................................................... 52
Technical Analysis Dashboard.................................................................................................................... 53
Technical Dashboard Management ........................................................................................................... 54
Automated Support & Resistance Zones................................................................................................... 55
Automated Trend Lines .............................................................................................................................. 56
Swing High / Swing Low ............................................................................................................................. 57
Automated Candlestick Patterns ............................................................................................................... 58
Keltner Channel .......................................................................................................................................... 59
Donchian Channel ...................................................................................................................................... 60
Pivot Points................................................................................................................................................. 61
Fibonacci Retracements ............................................................................................................................. 62
Multi-EMA / Bollinger Bands ..................................................................................................................... 63
Trading Market Session.............................................................................................................................. 64
Trend Scanner Data .................................................................................................................................... 65
Technical Data ............................................................................................................................................ 66
News Management .................................................................................................................................... 67
Trading Alerts ............................................................................................................................................. 68
Switch Column Data ................................................................................................................................... 69
Keyboard Trading ....................................................................................................................................... 70
Stealth Mode .............................................................................................................................................. 71
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One Cancels the Other (OCO) .................................................................................................................... 72
Chart Screenshot ........................................................................................................................................ 73
Watermark.................................................................................................................................................. 74
Save / Load Configuration Settings ........................................................................................................... 75
Reset All Settings ........................................................................................................................................ 76
Light Theme ................................................................................................................................................ 77
Frequently Asked Questions ...................................................................................................................... 78
TakePropips Trading Management Solutions Settings ............................................................................. 87
General ................................................................................................................................................... 87
Auto-Trade Filters................................................................................................................................... 89
Auto-Trade Management (Default Values) ........................................................................................... 91
Auto-Trade Recovery (Default Values) .................................................................................................. 94
Trailing Stop Management (Default Values) ......................................................................................... 96
Breakeven SL Management (Default Values) ........................................................................................ 97
Partial Close Management (Default Take Profit) ..................................................................................... 99
Partial Close Management (Default Stop Loss) ..................................................................................... 100
Chart Trading Signals (Take Profit) ...................................................................................................... 101
Chart Trading Signals (Stop Loss) ......................................................................................................... 103
Order Management (Default Take Profit) ........................................................................................... 104
Order Management (Default Stop Loss) .............................................................................................. 105
Order Management (Default Lot Size)................................................................................................. 106
Currency Strength Meter ..................................................................................................................... 107
Manual Grid Order ............................................................................................................................... 107
Fast Buy / Fast Sell Order (Default Values) ......................................................................................... 109
Close Order Management (Default Values) ........................................................................................ 110
Dashboard Style ................................................................................................................................... 111
Technical Data Panel ............................................................................................................................ 111
Technical Data Management ............................................................................................................... 112
Price Channels ...................................................................................................................................... 112
Technical Analysis Panel ...................................................................................................................... 113
Moving Average (Technical Analysis Panel) ........................................................................................ 113
Oscillator Signals (Technical Analysis Panel) ....................................................................................... 113
Oscillator Graph (Technical Analysis Panel) ........................................................................................ 114
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Divergence Signals (Technical Analysis Panel) .................................................................................... 114
Supply / Demand Zone (Technical Analysis Panel) ............................................................................. 115
Swing High / Swing Low (Technical Analysis Panel) ............................................................................ 115
Trend Lines (Technical Analysis Panel) ................................................................................................ 116
Pivot Points (Technical Analysis Panel) ............................................................................................... 116
Fibonacci Retracement (Technical Analysis Panel) ............................................................................. 116
Trend Indicators (Technical Analysis Panel) ........................................................................................ 117
News Management .............................................................................................................................. 117
Alerts..................................................................................................................................................... 118
Magic Numbers .................................................................................................................................... 119
Keyboard Shortcuts .............................................................................................................................. 120
TakePropips Donchian Trend Pro ........................................................................................................ 120
TakePropips Bollinger Bands Triple Strategy ...................................................................................... 120
TakePropips Moving Average Crossover ............................................................................................. 121
TakePropips Ichimoku Cloud Trend ..................................................................................................... 121
TakePropips Custom Strategy (No Code) ............................................................................................ 121
TakePropips Custom Strategy (DEV).................................................................................................... 121
Strategy Tester / Auto-Trade Mode Only Settings.............................................................................. 121
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Introduction
TakePropips Trading Management Solutions is a fully automated trading system that uses advanced
machine learning algorithm to predict future prices in real time. It is very accurate and precise which will
give you the edge you are looking for in this market. This is a highly specialized trading system meant for
all types of traders including professional, intermediate, and beginner traders.
This trading system consists of every essential tool you need to improve and succeed in your trading
career. It is without a doubt one of the best automated and manual trading system out in the market!
Main Features:
For best viewing results, switch to full screen on MetaTrader by pressing F11 or go to “View” and click
“Full Screen”.
NOTE: It is recommended to start first on a demo account to learn all the features and understand
how the trading system works before using it on live account.
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Trading Management Dashboard
The Trading Management Dashboard displays important information regarding the current trend of the
market and the overall performance of your opened trades and account. It includes a trend scanner,
trade manager, currency strength meter, trade automation functions, and other features used to
enhance your trading analysis.
Features:
• Includes a trend scanner to identify the current trend of that particular pair/timeframe. Color
green means uptrend and color red means downtrend.
• Currency Strength Meter to identify strong / weak currency.
• Account statistics section to track performance of your account.
• Allows you to manually open buy/sell orders by clicking the Buy and Sell buttons.
• Allows you to set trailing stop, breakeven SL, and partial close for both auto and manual trades.
• Ability to enable automatic trading on each pair.
• Ability to edit and close opened orders and open grid orders manually.
• Access to account reports, task manager, technical dashboard, and other functionalities used to
enhance your trading experience.
• Works with any instruments as long as it’s supported by your broker.
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Currency Strength Meter
The Currency Strength Meter gives you a quick visual guide to identify the currencies that are currently
strong or weak. They measure the main currencies strength in the Forex market (AUD, CAD, CHF, EUR,
GBP, JPY, NZD, USD) by comparing all 28 pair crosses between them.
This tool can be used to filter out your trades. It allows us to determine, for example, whether the US
dollar is strengthening or weakening.
The best way to trade the Currency Strength Meter is to trade the pair with the strongest and weakest
currency. If USD is strong and JPY is weak, then you can go long on USDJPY as an example.
You can also choose to quickly open a long or short trades based on your analysis. For example, if the US
dollar is strengthening, then you can click the “Buy” icon next to it and it will open orders to go long
USD. This means buy positions on USDJPY, USDCAD, USDCHF and sell positions on EURUSD, GBPUSD,
AUDUSD and NZDUSD.
It is customizable in that you can add a second row (up to 9 instruments) to the currency strength meter
section.
Please refer to the “Currency Strength Meter” settings for more details on how to properly add and
track other instruments to the currency strength meter.
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Trend Scanner
The Trend Scanner is used to quickly scan and identify the trend direction of each symbol in their
respective timeframes. Color green means uptrend and color red means downtrend. By default, the
number inside the box represents the current success rate of that particular symbol/timeframe. You can
however change the data shown on the trend scanner by clicking the “Trend Scanner Data” on the main
dashboard of the trading system.
An overall summary is also provided to determine whether this currency pair is in a strong trend or not.
A strong buy or strong sell signals will appear if multiple timeframes on each symbol are in the same
trend direction.
Multi-Timeframe Analysis can also be used as a way to determine a strong trend. If the lower
timeframes and the higher timeframes are in the same trend direction (same color), then it means the
symbol is in a strong trend.
For example, on EURUSD, the trend direction from M15 timeframe up to D1 timeframe is bearish which
means you can look for sell signals on M15 and above.
You can click the “Price” column name to change the data to “Spreads” or “Range”. You can click the
“Change%” column name to change data to ADR.
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Trade Manager
The Trade Manager is used to track the performance of your opened trades and also gives you the
ability to open, edit, and close trades manually.
The numbers besides the “Buy” and “Sell” buttons represents the total number of buy / sell trades you
have currently opened for each symbol.
The Buy & Sell buttons will open the Order Management dashboard which allows you to open
market/pending orders. You can also click the Fast Buy and Fast Sell button to quickly open a market
order with just one click.
The Close button will allow you to fully close or partially close the trade(s) for that specific pair.
The Edit button allows you to edit the TP/SL, hedge, and reverse an opened order.
The Distance column shows how far the current price at hitting either your SL or TP. If the order is in
negative, it will show how many points away you are at hitting your SL. If the order is in positive, it will
show many points away you are at hitting your TP.
The profit is shown on the right side of the trade manager. It shows the total profit in points, in currency
of your account, and percentage of your account size.
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Account Statistics
The Account Statistics sections shows your current account performance in real time such as daily,
weekly and monthly profit, daily drawdown, win rate, and total risk of your current opened positions.
The Win Percentage column will show the win rate of your last 100 trades.
Todays P/L, Weekly P/L, and Monthly P/L shows your net profit/loss for those specific time period.
Open Orders shows the total number of existing opened orders on your account and Pending Orders
shows the total buy limit, sell limit, buy stop, and sell stop orders on your account.
This is useful in keeping track of your account performance so you can make adjustments based on your
own personal goals.
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Order Management
The Order Management dashboard allows you to easily create manual orders and calculate your stop
loss, take profit, and lot size. To open this panel, click the “Buy” and “Sell” buttons on Trade Manager.
You can choose to enter by market order or pending order. If you choose pending order, you can edit
the expiry date and also the entry price by dragging the order lines on the chart.
You can show the visual order lines by clicking the button “Show Lines” and you can drag these lines
which will also auto-adjust the size of your SL, and TP. It will also auto-adjust the lot size if you select risk
per trade or risk amount.
If you click the buy button but you decide that you want to create sell order instead, you can quickly do
by dragging the take profit order line below the entry line or drag the stop loss order line above the
entry line. It will automatically switch the order type to buy or sell depending on where the TP and SL
lines are located on the chart.
You can also enable/disable trade protection functionalities such as trailing stop, breakeven SL, and
partial close.
If you wish to change the default values shown when you open the Order Management panel, please
refer to the input settings.
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Edit Orders Management
The Edit Orders Management allows you to edit the stop loss and take profit of your opened orders and
pending orders. It also allows you to hedge and reverse a position.
You can also set “Breakeven SL” which will move your stop loss to the same price as your entry price.
You must then click Submit to save any changes you make on this dashboard.
Hedge button will open the “Hedge Position” panel and this allows you to specify the amount of volume
you want to hedge on the selected order. The new hedge position will use the same TP and SL values
from your selected order. Hedging is like an insurance on your trade by reducing your exposure and
covering the amount of loss that would have otherwise been incurred if a trade is losing.
Reverse button will close the selected order and it will open an opposite position using the same size of
SL, TP, and lot size. This feature is used if you have an opened trade and you think the market will
reverse so you can take advantage of a price reversal.
To open this dashboard, you can click the “Edit” button for each pair on the main dashboard.
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Close Orders Management
The Close Orders Management allows you individually close orders for a specific pair. It will show you all
opened trades and pending trades for a specific pair.
You can partially close trades by specifying the amount of volume you want to close.
Percentage – calculates the percentage of the original lot size from a trade. E.g., If you set 100% to
close, then it will close the entire trade. If you set 50% to close, it will close half of the current lot size.
Amount – you can specify the total amount in the P/L value that needs to be closed. E.g., If a trade is
currently in profit or loss for $125, then you can close $70 of that trade.
You can also delete pending orders for this pair if its no longer needed.
To open this panel, you can just click the “Close” button for each pair on the main dashboard.
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Close All Orders Management
The Close All Orders Management shows all of your current opened orders and pending orders. It
allows you to close orders based on your preference. You can close profit, close loss, close buy, close
sell, close pending, and close all trades.
Close Buy will close any opened buy orders. This will not close any buy stop or buy limit orders.
Close Sell will close any opened sell orders. This will not close any sell stop or sell limit orders.
Close All will close all opened trades and pending trades.
You can filter the list using the date filter and pairs filter. You can also sort columns by clicking the
column name with up/down arrow. The Filter by Date field will filter the “Order Time” data.
You can view this dashboard by clicking the “Close All” button on the main dashboard.
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Auto-Trade Management
The Auto-Trade Management dashboard allows you to change the take profit, stop loss, lot size, trade
direction, and max spread/slippage for each individual pairs and the EA will use these values when
opening trades automatically.
The Auto-Trading functionality allows the program to scan for high probability trading opportunities
across multiple pairs / timeframes and automatically open and close trades for you. This feature is
incredibly useful if you are not able to be in front of the computer to do the trades for you.
You can enable Automatic Trade Recovery which will use averaging strategy to recover losing trades.
This is a higher risk strategy so make sure you understand its risk before enabling this feature. You can
find more information regarding this on the next page.
For more information regarding filters, you can change for auto-trading, please refer to this section.
To open the Auto-Trade Management panel, you can click the ON/OFF button for each pair under the
column Auto-Trade on the main dashboard.
If you wish to toggle auto-trade on all pairs on the dashboard at once, then you can click the Toggle All
button below the Column “Auto-Trade” on the main dashboard and then click Enable All button. You
can also disable auto-trade using this feature.
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Auto-Trade Recovery Management
The Auto-Trade Recovery Management will appear when “Automatic Trade Recovery” is enabled. The
dashboard allows you to change the take profit, stop loss, lot size, trade direction, and max
spread/slippage for each individual pairs and the EA will use these values when opening trades
automatically.
The recovery trades will use an averaging / grid strategy to recover losses from the original trade. E.g., If
the EA opens a buy trade but the price keeps going down, then it will open another buy trade to
recovery the losses and lower its breakeven price.
The color of the Auto-Trade ON/OFF toggle on the dashboard will change to red if auto-recovery is
enabled. If its disabled, the color will turn green.
For more information regarding the settings for recovery trades, please refer to this section.
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Trailing Stop Management
The Trailing Stop feature is used to minimize your risk by reducing the size of your stop loss as the price
gets closer to your target profit. You can enable/disable this feature for every pair on the Trading
Management dashboard.
You are able to toggle the trailing stop feature on both auto and manual trades. E.g., If you do not want
to use trailing stop when you create manual orders but you want this feature on auto-trades, then you
can set the Manual Trades to OFF and Auto-Trades to ON.
If you wish to disable trailing stop on both auto and manual trades, then you can just click the OFF
switch under Trailing Stop Status.
For more information regarding the settings for trailing stops, please refer to this section.
To open the Trailing Stop Management panel, you can click the ON/OFF button for each pair under the
column “Trail Stop” on the main dashboard.
If you wish to toggle trailing stop on all pairs on the dashboard at once, then you can click the Toggle All
button below the Column “Trail Stop” on the main dashboard and then click Enable All button. You can
also disable trailing stop using this feature.
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Breakeven SL Management
The Breakeven SL feature is used to move the stop loss to breakeven price once the price reaches a
specific price target. You can enable/disable this feature for every pair on the Trading Management
dashboard.
You are able to toggle the breakeven SL feature on both auto and manual trades. E.g., If you do not want
to use breakeven SL when you create manual orders but you want this feature on auto-trades, then you
can set the Manual Trades to OFF and Auto-Trades to ON.
If you wish to disable breakeven SL on both auto and manual trades, then you can just click the OFF
switch under Breakeven SL Status.
For more information regarding the settings, you can change, please refer to this section.
To open the Breakeven SL Management panel, you can click the ON/OFF button for each pair under the
column “BE-SL” on the main dashboard.
If you wish to toggle trailing stop on all pairs on the dashboard at once, then you can click the Toggle All
button below the Column “BE-SL” on the main dashboard and then click Enable All button. You can also
disable breakeven SL using this feature.
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Partial Close Management
The Partial Close Management dashboard allows you partially close orders once they hit a specific
distance from your target.
The Partial Close % column allows you to set how much you want to partially close when the price hits
your distance %. Example: If you have 0.4 lot size order, and you set to close 25% partially, then it will
close 0.1 lot size. If its 50% partial close, then it will close 0.2 lot size for the example given.
The Distance % is the total distance in percentage that the price has to reach in order to trigger a partial
close. Example: You have an order with 40 pips take profit and you want to partial close when the price
goes 20 pips in your favor. You then set the Distance % to 50% since 20 pips of 40 pips target is 50%.
You can partial close stop loss as well. The idea would be the same except you use this to minimize your
losses if the trade is not going in your favor.
You can toggle the partial close ON/OFF for up to 3 TPs and up to 3 SLs target. You can also toggle this
feature ON/OFF for both auto-trades and manual trades.
If you want to disable partial close altogether, then just set Partial Close Status to OFF.
To change the default values for partial close management, please refer to this section.
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Currency Strength Meter Management
The Currency Strength Meter Management dashboard allows you to create multiple orders for different
pairs based on your bias of a specific currency.
If you want to go long USD as an example, then you can click the “Buy” icon next to USD on the currency
strength meter and it will open the CSM Management dashboard. You can set your own stop loss, take
profit and lot size for each pair listed on the dashboard.
The pairs shown on the dashboard must also exist on the scanner of the main dashboard in order to
open buy/sell trades on this panel.
If you want to change the default values shown on the CSM Management panel, then please refer to
this section.
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Task Manager
The Task Manager allows you to create a to-do task for automation such as opening buy/sell trades,
price alerts, and closing of trades using both horizontal lines and trend lines to set your price target.
You can specify different conditions such as execute the task when price reaches a specific target,
and/or price closes above / below a specified price target.
You can view all to-do tasks in a paginated list and it can be filtered using date and pairs. The Filter by
Date field will filter the “Open Time” data. The data can be also be sorted in ascending or descending
order based on the column selected to sort.
All pending tasks are listed and can be deleted if its no longer needed.
The “Show” button will show you the horizontal or trend line target for that specific task on your chart.
Tasks are not editable once submitted, so if you need to edit, you will need to delete the old task and
recreate a new task.
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Create New Task
Create New Task is an extension of the task manager and this allows you to create a to-do task for
automation such as opening buy/sell trades, price alerts, and closing of trades using both horizontal
lines and trend lines to set your price target.
This dashboard uses similar layout and functionality as the Order Management dashboard. You will see
order lines for both horizontal and trend lines, and both can be dragged and adjusted on the chart.
A “Summary” message will be provided to you so you know exactly the task you are creating.
Please note that the current timeframe on the chart will be recorded and it will be used for “Task
Condition” when the option selected is “Price Closes Above” or “Price Closes Below”. If you need to
change timeframe on the chart, then you can just switch timeframes while the “Create New Task” panel
is still opened.
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Advanced Screener Management
The Advanced Screener Management allows you to search and filter out all pairs on the dashboard
based on your selected technical conditions.
You can switch the data shown on the panel by clicking the “Symbol Info” or the “Technical” button.
You can also switch the timeframe in which the technical data is calculated. E.g., If you have technical
column selected and you selected to a different timeframe, then the value shown for the technical
indicators will be based on that selected timeframe.
The “Filter Results” button will open the strategy filter dashboard and this allows you to filter the pairs
based on a specific technical condition. E.g., You can search and filter the pairs that are currently
overbought on H1 timeframe by setting the condition of RSI to be above 70.
Another example is to search all pairs that have their current prices above 50 simple moving average on
D1 timeframe. These are just some simple examples and it can be more complex based on your
specifications.
To open the Advanced Screener Management panel, you can click the “Screener” button on the main
dashboard.
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Account Summary Report
Account Summary Report shows detailed statistics and performance of your trading account. It will also
display a balance chart so you can see the changes in your account balance over time.
You can also use the filter by date and filter by pairs feature to customize the report based on the
selected filter. The Filter by Date field will filter the date the order was opened. E.g., You can show
statistics of your account for the trades you made last month. You can do so by selecting the “Last
Month” option on the Filter by Date field. You can also individually generate report for each pair or even
grouped pairs since you can select multiple pairs at once.
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Transactions History Report
Transactions History Report shows you the trade history of your account. You can filter the result by
date and pairs. The Filter by Date field will filter the “Open Time” data. You can also sort the columns in
ascending or descending order by clicking the column name that has the up/down arrow besides it.
To show all trade history of your account, you will need to go to “Account History” tab on your
MetaTrader terminal and right click on the window and select “All History”.
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Pairs Performance Report
The Pairs Performance Report allows you to check and analyze the performance of each pair on your
account. You can easily see at a glance whether the pair you have been trading has been profitable or
not. You can open this panel by clicking the “Account Report” button on the main dashboard.
You can filter the result by date and pairs. You can also sort the columns in ascending or descending
order by clicking the column name that has the up/down arrow besides it. The Filter by Date field will
filter the date the order was opened.
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Notifications History
Notifications History shows you the history of the alerts sent out by the trading system. Even if you miss
out the alerts sent out to MetaTrader or your phone, you can check on this dashboard to see a full list of
alert messages that was generated.
You can enable or disable the notifications directly on this on this dashboard.
You can filter the result by date and pairs. You can also sort the columns in ascending or descending
order by clicking the column name that has the up/down arrow besides it. The Filter by Date field will
filter the “Alert Time” data.
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Order Chart Labels
Order Chart Labels are labels shown directly on the chart to identify your opened trade. It shows you
the direction of the trade, profit/loss, and the lot size.
The order labels will come with 2 buttons, the “E” and “A” button. The “E” button will show the Order
Ticket Management dashboard which will allow you to edit, close, hedge, or reverse that order. The “A”
button will show the order chart lines for SL, TP, and partial close lines (if enabled).
You can adjust the TP, SL and partial close values by dragging the order line after the “A” button is
clicked.
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Order Ticket Management
Order Ticket Management allows you to individually manage each order. You can open this dashboard
by clicking the “E” button on the Order Chart Labels from the chart.
On this dashboard, you can edit the SL and TP, close the order, hedge order by opening an opposite
trade, and reverse order by closing the current position and opening a new opposite position.
You can also set the SL to breakeven by clicking the “Set” button under “Set SL Breakeven” column and
then click “Edit Order”.
The “Hedge Order” button will open the “Hedge Position” panel so you can choose the amount of
volume to hedge. After submit, a new opposite position will be opened using the same stop loss and
take profit prices of the selected order.
The “Reverse Order” button will close the selected order and it will automatically open a new opposite
using the same size of stop loss, take profit, and lot size from the original order.
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Hedge Position
Hedge Position panel allows you to select the total amount of volume to hedge. You can hedge an order
from the Edit Order Management dashboard or the Order Ticket Management dashboard.
Lot Size – manually enter the lot size to be used as a hedge order.
It will show the total lot size that will be opened for the hedge order under the column “Lot Size to
Hedge”.
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Shared Auto-Trade Settings
Shared Auto-Trade Settings panel allows you to set the same auto-trade function settings across all
pairs on the dashboard. This panel can be initiated by clicking the Toggle All button under the “Auto-
Trade” column and just above the “Adaptive Machine Learning” button on the main trading dashboard.
The “Apply Settings” button will save the auto-trade settings that you set on this panel to all pairs on
the dashboard. You can double check by clicking the ON/OFF button under “Auto-Trade” column to
open up the Auto-Trade Management dashboard.
The “Enable All” button will toggle the auto-trade function of all pairs on the dashboard to “ON”
position.
The “Disable All” button will toggle the auto-trade function of all pairs on the dashboard to “OFF”
position.
Please note that if you set “Apply Same Settings to All Pairs” to true under the Auto-Trade section from
the Inputs tab settings of the trading system, then the fields on this panel will only be in read-only
mode. This setting can be referenced on this section.
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Shared Trailing Stops Settings
Shared Trailing Stop Settings panel allows you to set the same trailing stop function settings across all
pairs on the dashboard. This panel can be initiated by clicking the Toggle All button under the “Trail
Stop” column and just above the “Adaptive Machine Learning” button on the main trading dashboard.
The “Apply Settings” button will save the trailing stop settings that you set on this panel to all pairs on
the dashboard. You can double check by clicking the ON/OFF button under “Trail Stop” column to open
up the Trailing Stop Management dashboard.
The “Enable All” button will toggle the trailing stop function of all pairs on the dashboard to “ON”
position.
The “Disable All” button will toggle the trailing stop function of all pairs on the dashboard to “OFF”
position.
Please note that if you set “Apply Same Settings to All Pairs” to true under the Trailing Stop section from
the Inputs tab settings of the trading system, then the fields on this panel will only be in read-only
mode. This setting can be referenced on this section.
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Shared Breakeven SL Settings
Shared Breakeven SL Settings panel allows you to set the same breakeven SL function settings across all
pairs on the dashboard. This panel can be initiated by clicking the Toggle All button under the “BE-SL”
column and just above the “Adaptive Machine Learning” button on the main trading dashboard.
The “Apply Settings” button will save the breakeven SL settings that you set on this panel to all pairs on
the dashboard. You can double check by clicking the ON/OFF button under “BE-SL” column to open up
the Breakeven SL Management dashboard.
The “Enable All” button will toggle the breakeven SL function of all pairs on the dashboard to “ON”
position.
The “Disable All” button will toggle the breakeven SL function of all pair1s on the dashboard to “OFF”
position.
Please note that if you set “Apply Same Settings to All Pairs” to true under the Breakeven SL section
from the Inputs tab settings of the trading system, then the fields on this panel will only be in read-only
mode. This setting can be referenced on this section.
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Shared Partial Close Settings
Shared Partial Close Settings panel allows you to set the same partial close function settings across all
pairs on the dashboard. This panel can be initiated by clicking the Toggle All button under the “Part
Close” column and just above the “Adaptive Machine Learning” button on the main trading dashboard.
The “Apply Settings” button will save the partial close settings that you set on this panel to all pairs on
the dashboard. You can double check by clicking the ON/OFF button under “Part Close” column to open
up the Partial Close Management dashboard.
The “Enable All” button will toggle the partial close function of all pairs on the dashboard to “ON”
position.
The “Disable All” button will toggle the partial close function of all pairs on the dashboard to “OFF”
position.
Please note that if you set “Apply Same Settings to All Pairs” to true under the Partial Close section from
the Inputs tab settings of the trading system, then the fields on this panel will only be in read-only
mode. This setting can be referenced on this section.
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Adaptive Machine Learning (AI Algorithm)
The Adaptive Machine Learning feature allows the program to analyze the patterns of each pair on the
dashboard and uses that information to make accurate prediction of prices in the future.
Machine learning is a form of technology based on artificial intelligence. It automatically analyses and
processes data and uses that information to make predictions in real time.
Please make sure that you have full history data for all the pairs displayed on the trading dashboard. You
can download history data for each pair by going to Tools -> History Center. You can also download
history data on other third-party data provider.
Also note that enabling machine learning will require the use of more resources on the MT4 terminal so
you may see some slight slowdown when interacting with the trading system.
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Account Protection Management
The Account Protection Management allows you to protect your account from further losses by setting
the max limit of drawdown on your account and it also allows you to lock in your desired profit on your
account. This is very helpful for risk management and also if you trade via prop firms.
Drawdown Loss Protection – this will protect you from high drawdown on your account.
Profit Protection – this will protect you from overtrading by locking in profits on your account.
The “Balance %” sets a max limit of drawdown/profit percentage based on your account balance.
The “Amount” sets a max limit that you are willing to profit / lose in your account’s currency. E.g., If you
set 500 points and the total profit / loss in points for all of your opened trades hits 500 points, then it
will trigger to close all orders.
The “Points” sets a max limit that you are willing to profit / lose in points. E.g., If you set 500 points and
the total profit / loss in points for all of your opened trades hits 500 points, then it will trigger to close all
orders.
The “Frequency” column is used by both drawdown and profit protection to determine when to reset
the protection. E.g., You can choose “Daily” to set your max limit drawdown / profit on a daily basis.
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Compact View
You can switch to Compact View which will make the dashboard smaller so you can have more real
estate on the chart. This is very helpful if you are using this trading system on a smaller screen or lower
resolution display monitors as it will make everything fit better.
You can click the “Compact View” button or the rectangle icon on the top left corner on the main
dashboard which will switch the dashboard to its compact mode.
The buttons have been rearranged to make this possible and you can view all of them by clicking the
“Account”, “Technical”, and “Trade Analysis” buttons on compact view.
To open the trade manager, you can click button under the “Trade” column. The colors shown on this
button represents the trade feature that is currently enabled. E.g., If you have auto-trade and trailing
stop feature enabled for a specific pair, it will show a green dot and orange dot respectively. If you have
breakeven SL and partial close enabled, it will show a red dot and blue dot respectively.
If you want to switch back to “Full View”, you can click the maximize window icon besides the “Close
All” button.
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Trade Management (Compact View)
The Trade Management dashboard is exclusive only to compact view and consists of trade functions to
open new orders, edit orders, close orders, and open grid orders. You can also toggle auto-trade, trailing
stop, breakeven SL, and partial close on this dashboard. This dashboard can be initiated by clicking the
button under the “Trade” column from the compact view dashboard.
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Premium Strategies
The Trading Strategy Management dashboard allows you to quickly switch trading strategy for auto-
trade and the chart trading signals. The trading strategy is used to determine the entry and exit points in
the trading signals and for auto-trades.
By default, the “TakePropips Trading Management Solutions” is selected and already included in the
trading system. This is our most accurate strategy and has the ability to switch to different trading styles
such as “Conservative”, “Balance”, “Aggressive”, “Scalper”, and “Performance” when Adaptive Machine
Learning is enabled.
The other trading strategies listed on the Premium Strategies section are optional and will need to have
a license or and Advanced license. The license for the premium strategies can only be activated if you
have already purchased the indicator version. Switching to these strategies will make the trading system
use the selected strategy and not use the default “TakePropips Trading Management Solutions”
strategy. Refer to this section for more information.
The auto-trade entries, trading signal entries on the chart, and the trend scanner will be updated to
reflect the trading strategy that is currently selected. You can only have 1 active strategy at a time.
To open and switch to this dashboard, you can click the “Switch Trading Strategy” button on the Trade
Signals panel located in the left side of the dashboard or maximize the window of the Trading Strategy.
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Standard Strategies
The Trading Strategy Management dashboard allows you to quickly switch trading strategy for auto-
trade and the chart trading signals. The trading strategy is used to determine the entry and exit points in
the trading signals and for auto-trades.
The Standard Strategies are additional trading strategies that you can use and all of them are already
activated and ready to be use.
Switching to these strategies will make the trading system use the selected strategy and not use the
default “TakePropips Trading Management Solutions” strategy.
The auto-trade entries, trading signal entries on the chart, and the trend scanner will be updated to
reflect the trading strategy that is currently selected.
To open and switch to this dashboard, you can click the “Switch Trading Strategy” button on the Trade
Signals panel located in the left side of the dashboard or maximize the window of the Trading Strategy.
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Custom Strategies (No Coding)
You are able to create your own strategy which will allow you to automate this strategy and receive
trading signals based on this strategy. You can create one using our built-in strategy creator (No Code)
without the need to write a single line of code. You can click the “Edit” button to open the Custom
Strategy Creation dashboard which will allow you to specify your buy/sell strategy.
You can save up to 10 custom strategies and you can rename these strategies on the input settings of
the trading system.
Switching to these custom strategies will make the trading system use the selected strategy and not use
the default “TakePropips Trading Management Solutions” strategy.
The auto-trade entries, trading signal entries on the chart, and the trend scanner will be updated to
reflect the trading strategy that is currently selected.
To open and switch to this dashboard, you can click the “Switch Trading Strategy” button on the Trade
Signals panel located in the left side of the dashboard or maximize the window of the Trading Strategy.
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Create Your Own Strategy (No Code)
You can switch the main trading strategy used by the EA to generate trading signals. Create your own
trading strategy without having to write code or hire a developer! This will also allow you to automate
and test your own trading strategy.
You need to implement both the buy and sell strategies. It is recommended that both buy and sell
strategy have the same conditions and opposite direction.
Example Moving Average Crossover strategy – Buy condition when 20 EMA crosses above 50 EMA and
the RSI must also be below 50. The sell condition will be the opposite of buy signal.
To begin: Select Moving Average as your Condition 1 and a dialog box will appear. Make sure the setting
is set for 20 EMA. Then select “Crosses above” as your operator and select Moving Average again as
your value (50 EMA).
Add new condition and select RSI as your Condition 2. Select “Less than” as your operator and select
“Value” on 3rd column. Set the value as 50.
Make sure to set the sell strategy as well but do the opposite of the buy signal.
To open this dashboard, you can click the “Switch Trading Strategy” button to bring up the Trading
Strategy Management panel, and from there, you can click the “Custom Strategies (No Code)” button
and then click the “Edit” button for the strategy you want to modify.
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Custom Strategies (Dev Only)
You are able to create your own strategy which will allow you to automate this strategy and receive
trading signals based on this strategy.
You can code your own trading strategy on the provided library file
“Library_TakePropipsCustomStrategyDev.mq4” file. This file must be placed in the “Library” folder in
your MT4 directory. Do not rename the file.
The strategy coded can then be automated and you will also get trading signals based on this strategy.
You can save up to 10 custom strategies and you can rename these strategies on the input settings of
the trading system.
Switching to these strategies will make the trading system use the selected strategy and not use the
default “TakePropips Trading Management Solutions” strategy.
The auto-trade entries, trading signal entries on the chart, and the trend scanner will be updated to
reflect the trading strategy that is currently selected.
To open and switch to this dashboard, you can click the “Switch Trading Strategy” button on the Trade
Signals panel located in the left side of the dashboard or maximize the window of the Trading Strategy.
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Secondary Strategy
Secondary strategies are used to generate additional trading signals or create confirmation signals for
your main strategy. Remember that you can only have 1 active main strategy. Activating secondary
strategy is optional. Here are the types of Secondary Strategy that you can enable:
• Additional Signal – it will use Secondary Strategy as another condition on your main strategy.
E.g., If the main strategy did not generate any signals for the current bar, then it will look at the
secondary strategy and see if it generated signals on the current bar. This will result in more
signals generated since there are now more than one strategy running at the same time.
• Confirmation Signal – it will use the secondary strategy as a confirmation filter for the main
strategy. E.g., if you have the default TMS as your main strategy, and it generated a buy signal
on the current bar, then the secondary strategy will also need to generate a buy signal on the
same bar. If the confirmation failed, then the signal from the main strategy will be ignored. This
will result in less signals.
• Confirmation Trend – it will use the previous signal of the secondary strategy as a trend to
confirm the main strategy. E.g., if you have the default TMS as your main strategy and it
generated a sell signal on the current bar, then it will check the previous signal of the secondary
strategy to make sure it is also a sell signal, which represents downtrend. If the confirmation
failed, then the signal from the main strategy will be ignored. This will result in less signals.
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One Click Trading (Fast Buy / Fast Sell)
The Fast Buy and Fast Sell buttons allow you to quickly open a market order with just one click of a
button. The Fast Buy button will open a buy market order and the Fast Sell button will open a sell
market order on the current chart symbol. This is useful for scalpers and/or if you need fast execution of
your trades.
Fast orders predefined calculation for take profit, stop loss, and lot size can be modified on the input
settings.
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Manual Grid Management
Grid trading is a trading strategy that places a series of buy or sell orders at predefined intervals at a
fixed price. You can open either a buy or sell grid orders manually by clicking the “Buy Grid” or “Sell
Grid” button on the main dashboard.
Grid trading is considered to be a riskier strategy so it is important to calculate your risk before opening
grid orders.
We have added a stop loss and a max number of grids to open to help you with your risk management.
You can modify the lot size per grid, the size of the grid, the total number of grid orders to open, take
profit and stop loss.
Optional: you can enable Martingale on the input setting will add another layer of risk since it will
increase your lot size per grid. Make sure you understand the risk and that you have enough free margin
available before enabling this feature.
The grid order will first open a market order position followed by a series of pending orders. The
program will then track and close the grid positions once it hits the take profit or stop loss value.
To change the default settings for creating manual grid orders, please refer to this section.
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Trade Signals Dashboard
The Trade Signals Dashboard shows the current trading signal for a specific symbol and timeframe. In
the example above for EURUSD H1 timeframe, the current signal is a BUY signal. It provides you with
entry price, up to 3 take profit level, and a stop loss price.
You can enter a pending order by clicking the “Buy” or “Sell” button on the right side of TP1, TP2, & TP3.
This will open a pending order for the entry price, take profit and stop loss prices that are predefined by
the signal.
If the price has already reached the take profit, it will show a checkmark instead of Buy/Sell button.
You can change the trading frequency in by changing the trading style. This is only available if the
selected strategy is the default TakePropips Trading Management Solutions.
Balanced: Better accuracy with average number of trade signals. This will change to Performance once
Machine Learning is enabled.
Scalper: The EA will optimize the settings to work better on lower timeframes.
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Trade Signals Dashboard (Part 2)
The Trade Signals Dashboard shows the current trading signal for a specific symbol and timeframe. In
the example above for EURUSD H1 timeframe, the current signal is a BUY signal. It provides you with
entry price, up to 3 take profit level, and a stop loss price.
The percentage besides the prices of each TP represents the success rate for that particular TP. If the
price has already reached the take profit, it will show a checkmark.
Total Signals shows the total number of wins and loss combined.
Win / Loss shows the total number of winning trades that have reached at least the TP1 compared to
reaching its stop loss. Wins and loss are only counted once per trading signal. It does not count TP2/TP3.
Last Signal Age shows the position of the bar for the most recent trading signal. From the example
above, the last trading signal was generated on the previous 24 bar or the past 24 hours since its on H1
timeframe and each bar represents 1 hour.
Profit shows the total number of points generated through wins and losses of the trading signals. Please
note that the profit is counted only once using a partial close system and one position only. Example, if
the prices hit all TP targets, then it will only count the profit of TP3 and it will not add TP2 and TP1
profits. If the stop loss is hit, the loss is counted only once since we are only working on one position.
Rating shows the quality of the current signal based on its success rate.
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Automated Entry & Exit Signals
This program will scan and detect trading signals on each symbol for all timeframes and shows you the
entry and exit signals directly unto the chart. It will provide you with take profit and stop loss level.
You can easily scan the history of signals from the chart and identify if the current strategy is working
well for that specific symbol / timeframe.
Buy signals are shown in green arrows and sell signals are shown in yellow arrows.
The numbers on the chart represents the total number of points in profit or loss. E.g., If it shows +250,
then it means the price has reached its target of 250 points or 25 pips.
To change the default settings for take profit and stop loss used for generating trading signals, please
refer to this section.
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Account History Performance
You can quickly switch to see your trade history for a specific symbol by clicking the button “Switch to
Account History” on the Trade Signal panel.
It will plot the history of your trades directly on the chart including the amount of profit/loss.
You can switch back to the trading signals by clicking the “Switch Trading Strategy” button.
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Technical Analysis Dashboard
The Technical Analysis Dashboard is used to quickly identify a bullish / bearish pattern using technical
indicators. You can refer to this section for modification of settings for the Technical Analysis panel.
Moving Average Trend will show bullish (green) when prices are above a specified moving average and
show bearish (red) when prices are below.
Oscillator Signals will show bullish/bearish pattern based on predefined strategies for the indicators.
These indicators are RSI, MACD, Stochastic, Money Flow Index, Bollinger Bands, CCI, and WPR.
Relative Strength Index bar graph shows the visual representation of the value of RSI so you can quickly
identify overbought/oversold conditions on each timeframe.
Candlestick Pattern shows bullish/bearish pattern using engulfing candlesticks and pin bars.
Price Action Indicators consists of ability to show Support/Resistance zones, Trend lines, Candlestick
patterns, Pivot points, Donchian channel, and Kelter channel.
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Technical Dashboard Management
The Technical Dashboard Management allows you to quickly see the values of a specific indicator on
each pair across all timeframes. This will allow you to check if a specific pair / timeframe is in
overbought or oversold condition.
Color green on the dashboard represents bullish pattern or oversold conditions. Color red on the
dashboard represents bearish pattern or overbought conditions.
The Moving Average values are shown in points. Basically, it shows how many points is the current price
away from the moving average. A positive point will be shown in green meaning the current price is
above the moving average and a negative point will be in red meaning the price is below the moving
average.
The ATR values are shown in points. Example: If the ATR is 0.00090 for EURUSD on M15 timeframe, then
it will show as 90. The ATR does not represent any bias.
The RSI and Stochastic uses the overbought/oversold conditions to show bullish/bearish patterns. The
MACD bullish pattern is shown if the main line is above the signal line and a bearish pattern if the main
line is below the signal line. The CCI bearish and bullish sign is based on +100 and -100 values.
If the Technical Analysis panel is minimized, the price action indicators will appear on this dashboard.
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Automated Support & Resistance Zones
The Automated Support & Resistance Zones feature will automatically draw the supply/demand zone
on the chart. It is based on pivot highs and pivot lows along with a combination of zone strength for an
accurate key level identification.
The zones can be changed to a line instead of a zone if that is what you prefer.
This is useful for price action traders and saves you a lot of time having to manually do this yourself.
It can be initiated by clicking the “Supply/Demand” in the Technical Analysis Dashboard panel.
To change the settings for support/resistance zones, please refer to this section.
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Automated Trend Lines
The Automated Trend Lines feature will automatically draw the upper and lower trend line on the chart.
This feature can be used to detect trend channels and chart patterns. It can also be used to identify the
current direction of the trend.
It can be initiated by clicking the “Trend Lines” in the Technical Analysis Dashboard panel.
You can also select the short term, medium term, and longer-term period for Trend Lines to give you
more flexibility.
You can change the lookback period of the trend line by changing the input setting on the EA. Please
refer to this section.
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Swing High / Swing Low
The Swing High / Swing Low feature will automatically draw key levels and shows you whether that
point is a higher high (HH), higher low (HL), lower high (LH), or lower low (LL).
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Automated Candlestick Patterns
The Candlestick Patterns feature will automatically plot bullish and bearish candle stick patterns on the
chart. The green icon represents bullish candlestick pattern, and the red icon represents bearish
candlestick pattern.
The supported patterns include the Engulfing Bar, Pin Bar, 3 White Soldiers & Black Crows, Inside Bar,
Harami, Hanging Man, Morning & Evening Star, Piercing Line & Dark Cloud Cover, and Doji candlestick
patterns.
Each pattern represents a number based on its position on the panel. If you select Engulfing Pattern, you
will see 1 on the chart to identify this pattern. If you select Inside Bar Pattern, it will show as 3 on the
chart to represent this pattern.
It can be initiated by clicking the “Candle Patterns” in the Technical Analysis Dashboard panel.
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Keltner Channel
You can show the Keltner Channel by clicking the “Keltner Channel” on the Technical Analysis
dashboard. The Keltner Channel is not available on the default list of indicators from MetaTrader so this
is useful if you use the Keltner Channel as part of your technical analysis.
It can be initiated by clicking the “Keltner Channel” in the Technical Analysis Dashboard panel.
The settings of the Keltner Channel can be modified on the input settings of the EA. Please refer to this
section.
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Donchian Channel
You can show the Donchian Channel by clicking the “Donchian Channel” on the Technical Analysis
dashboard. The Donchian Channel is not available on the default list of indicators from MetaTrader so
this is useful if you use the Donchian Channel as part of your technical analysis.
It can be initiated by clicking the “Donchian Channel” in the Technical Analysis Dashboard panel.
The settings of the Donchian Channel can be modified on the input settings of the EA. Please refer to
this section.
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Pivot Points
You can show the Pivot Points by clicking the “Pivot Points” on the Technical Analysis dashboard. The
Pivot Points is not available on the default list of indicators from MetaTrader so this is useful if you use
the Pivot Points as part of your technical analysis.
It can be initiated by clicking the “Pivot Points” in the Technical Analysis Dashboard panel.
The settings of the Pivot Points can be modified on the input settings of the EA. Please refer to this
section.
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Fibonacci Retracements
You can show the Fibonacci Retracements by clicking the “Fibonacci” on the Technical Analysis
dashboard.
It can be initiated by clicking the “Fibonacci” in the Technical Analysis Dashboard panel.
You can also select the short term, medium term, and longer-term period for Fibonacci to give you more
flexibility.
The settings of the Fibonacci Retracements can be modified on the input settings of the EA. Please refer
to this section.
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Multi-EMA / Bollinger Bands
You can now easily show and hide up to 3 moving averages and the Bollinger Bands on the chart without
the need to manually apply separate indicators on the chart. This gives you quick access to useful
indicators in just one click which saves you time and hassle. You can modify the periods for both moving
averages and Bollinger Bands in the input settings of the EA.
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Trading Market Session
The Trading Market Session feature will automatically draw dotted rectangles which identifies the
trading session of the candlesticks. The trading sessions are London, New York, Tokyo, and Sydney
sessions.
The number besides the trading session name is the total range of points from the sessions low to
sessions high. You can use it to determine the volatility of a specific trading session based on this range.
Larger range means it is more volatile and lower range means its less volatile.
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Trend Scanner Data
You can change the data shown on the scanner by clicking the “Trend Scanner Data” button on the main
dashboard.
• Success rate – shows the current success rate of a pair for each timeframe.
• Last Signal Bar Age – shows the age in candlesticks for the last buy/sell signal generated.
• Rating – shows the total rating / performance of the trading signals.
• Total Signals – shows the total number of trading signals generated.
• Total Wins – shows the total number of wins generated.
• Total Loss – shows the total number of losses generated.
• RSI – shows the current value of the RSI on that particular pair/timeframe.
• Stochastic – shows the current value of the Stochastic on that particular pair/timeframe.
You can hover over the buttons on the scanner and it will explain to you the description of the data
shown on the scanner.
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Technical Data
The Technical Data panel shows the data of popular indicators such as RSI, Stochastic, MACD, and
Moving Averages and these can be used as a confirmation for your entries. It will also show the current
spreads, price data, and a timer countdown for the next bar. The values shown on this panel are
calculated using the current charts pair and timeframe.
• Spread – shows the current spread of the pair. The value is shown in pips.
• Next Bar – shows the countdown timer for the next bar of the current chart.
• RSI – shows the value of RSI for the current chart.
• Stochastic – shows the value of Stochastic for the current chart. It will show an UP arrow if the
fast stochastic (%K line) is above the slow stochastic (%D line) and it will show a DOWN arrow if
the fast stochastic (%K line) is below the slow stochastic (%D line).
• MACD – shows the value of MACD for the current chart. It will show an UP arrow if the MACD
line is above the signal line and a DOWN arrow if the MACD line is below the signal line.
• 50 EMA / 200 EMA – shows whether the current price is above or below these moving averages.
If will show an UP arrow if the current price is above the moving average and a DOWN arrow if
the current price is below the moving average. You can customize the moving average period on
input settings.
You can click the switch icon on the top right corner of the panel to show the price data of the current
chart which shows the high, low, open, close, and change %.
By default, the technical data and price data are calculated using the current bar. This can be changed to
the previous bar on the input settings if you prefer to calculate data on a finished bar.
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News Management
The News Info panel can be used to keep track of the latest and upcoming news for all major currencies.
The panel shows the volatility of the news, description, and the time it will be released.
You can hover over the history column and it will show the past news event that happened for that
specific currency.
This can be used to keep track of high volatility news and avoid trading during those hours.
IMPORTANT: To enable the news feature, go to Tools -> Options -> Expert Advisors tab on your MT4
terminal. Please add https://ec.forexprostools.com/ and check “Allow WebRequest for listed URL”.
For more information regarding the settings used for news filter, please refer to this section.
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Trading Alerts
You will receive alerts for new signals on all symbols on the dashboard. You can specify which
timeframes you want to get signals alert by modifying the settings.
Alerts will also be sent when a currency reaches the strong / weak value from the Currency Strength
Meter. If the currency reaches 90% or more and currency reaches 10% or less, you will receive alert.
You will get alerts when a symbol has consecutive timeframes on the same trend. For example, if
EURUSD M15, M30, H1, and H4 are now in the same trend, then you will receive alerts.
Strong signal alerts will be sent once the summary changes from “Buy” to “Strong Buy” and from “Sell”
to “Strong Sell”.
You can toggle these alerts on/off depending on your preference. Please refer to this section.
You can setup push notifications to your mobile phone and also via email.
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Switch Column Data
You can now switch the “Price” column and the “Change%” column on the main dashboard to “Range”,
“Spread” and “ADR”. You can easily switch back and forth by clicking the column name of “Price” and
“Change%” on the main trading dashboard (besides the trend scanner).
Range column is used to determine the strength and weakness of the current price relative to the highs
and lows of the current daily candle. If the current price is near or at its daily high, then the meter will
show more as green. If the current price is near or at its daily low, then the meter will show more as red.
Average Daily Range (ADR) can be used to measure the volatility of an asset.
Please note that the Spread and ADR are calculated by points, and not pips. E.g., 10 pips = 100 points
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Keyboard Trading
Keyboard Trading feature allows you to perform trade functions using keyboard shortcuts. Once this is
enabled, you can just press the specified keyboard shortcut interact with the dashboard. Also, make
sure that the chart is in focus on MT4 by clicking anywhere on the chart before you perform the
keyboard shortcuts.
If enabled, you can close panels using the “Tab” key and submit forms on selected panels such as Auto-
Trade Management, Trailing Stop Management, Breakeven SL Management, Partial Close Management,
and Order Management using “Shift” key.
You can map your own custom keyboard shortcuts on the input settings of the EA.
For more information regarding the settings used for keyboard trading, please refer to this section.
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Stealth Mode
Stealth Mode allows you to hide the stop loss and take profit values from your broker to prevent stop
loss hunting.
It will set the TP and SL values of your new and currently opened trades to zero. The values for SL and TP
will then be stored locally on the trading system, so it is important to keep the system running in order
to track these values.
The trading system will automatically check the hidden values and close the trade once the price
reaches the SL and TP.
Do not use this feature if you don’t have a good connection on your VPS or you are using other EAs on
the same account to avoid any conflicts.
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One Cancels the Other (OCO)
Once Cancels the Other (OCO) allows you to manually create multiple pending orders for each pair and
once one of the pending orders is executed, then it will automatically cancel the other pending orders
from the same pair.
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Chart Screenshot
Chart Screenshot gives you the ability to take an entire screenshot of the current chart with just one
click. The files are then saved to your MQL4/Files directory.
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Watermark
Watermark allows you to print the text of the current pair and timeframe on the chart. This gives you
easy visibility to the instrument and timeframe of the current chart.
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Save / Load Configuration Settings
Save / Load Configuration Settings gives you the ability to save and load configuration settings used in
dashboard management including Auto-Trade Management, Trailing Stop Management, Breakeven SL
Management, Partial Close Management, Account Protection Management, Trend Scanner Data,
Adaptive Machine Learning, Custom Strategies, Stealth Mode, Keyboard Trading, and OCO.
After saving the configuration settings, make sure to save the input settings as a set file as well. This is
used when loading the configuration settings back and making sure that all settings are in sync.
Before loading the configuration settings, make sure to load the set file or use the same input settings
that was used to save the configuration settings.
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Reset All Settings
Reset All Settings gives you the ability to reset all configurations and settings of the EA. It will remove all
virtual data stored by the EA and allows you to start with a fresh set of settings. This is useful if the EA is
not working as it should on your machine and you need to reset to all saved data by the EA.
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Light Theme
Easily switch between light and dark theme by clicking the eye icon on the top left side of the trading
dashboard.
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Frequently Asked Questions
The pair names that I want to add on the dashboard have a suffix (Example, EURUSD.m), how
can I implement this?
Example #1: You want to add pairs with the same suffix on the dashboard. Example: EURUSD.m,
USDCAD.m, XAUUSD.m NAS100USD.m, and GBPUSD.m (all pairs have same suffix of .m)
You will need to enter the suffix on the “Symbol Suffix” input setting. For example, if your brokers
symbol for “EURUSD” is “EURUSD.m”, then you will need to enter “.m” on this input.
If you are adding any inputs on “Additional Pairs List” or “Custom Pairs List”, then you need to input the
pair names without suffix and enter the suffix on the “Symbol Suffix” setting.
Example #2: You want to add pairs with 2 or more different suffixes on the same dashboard. Example:
EURUSD.m and XAUUSD.pro (.m and .pro suffix are different)
You will need to switch the “Currency Preset” to “Custom Pairs List” and manually type the pair names
including the suffix on the “Custom Pairs List” input setting. You cannot input the suffixes on the
“Symbol Suffix” because you are adding pairs with 2 or more different suffixes.
Example #3: You want to add pairs with a suffix AND pairs without suffix on the same dashboard.
Example, EURUSD.m and GBPJPY (EURUSD has suffix and GBPJPY does not have suffix)
You will need to switch the “Currency Preset” to “Custom Pairs List” and manually type the pair names
including any suffix on the “Custom Pairs List” input setting. You cannot input the suffix on the “Symbol
Suffix” all pairs will use this setting to append the suffix on every pair names.
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How can I customize the pairs shown on the trading dashboard?
You can go to the input settings of the EA and select your “Currency Pairs Preset” setting. The default is
set to 7 Major Pairs but you are able to change this. You can also add non-FX pairs such as Indices,
Commodities, and Crypto in addition to the currency pre-set by adding the pair names on the setting
“Additional Pairs”. Please refer to this section more info.
If you do not want to use currency presets, then you can switch the Currency Pairs Preset setting to
“Custom Pairs List”. Then input all the pairs you want to show on the dashboard on the setting “Custom
Pairs List”.
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I turned ON Auto-Trade on the dashboard but its not opening any trade. What should I do?
First, please make sure that “Allow live trading” on the Common tab is checked.
Second, please double check the “Experts” tab on the Terminal window of MT4 to make sure there are
no error messages that is preventing the EA from opening trades. If you see any errors, please message
us at info@takepropips.com
Third, please check the Auto-Trade Filters on the input settings of the EA as it could be that the enabled
filters are too restrictive and it may be preventing the EA from opening trades. E.g., If you enable
success rate analysis and you set the success rate percentage to 90, it means that the EA will only open
trades when the success rate is above 90%. This will make the EA reject any trade signals with less than
90%-win rate, so as a result, you will get less trading volume.
Fourth, check the “Max Spread” and “Max Slippage” setting on the Auto-Trade Management dashboard
and make sure to give enough room for the pair you want to auto-trade.
Fifth, check the lot size that you have set on the Auto-Trade Management dashboard to make sure it can
open the trade with the available free margin that you have on your account.
Also, be aware of the timeframes in which the EA is auto-trading. E.g., If you set the EA to auto-trade on
H1 and H4 timeframes, then it will take more time for the EA to open trades since it is trading on higher
timeframes, so you will need to be more patient in this regard. The EA also will not auto-trade if there is
already an opened trade for that particular pair.
I am getting errors on the “Experts” tab when the EA is running. What does it mean?
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If this is affecting your useability of the trading system, then please take a screenshot of the error
message and send it to our team at info@takepropips.com. We will look into the error and provide the
necessary fixes as part of our updates.
Why is the trend scanner showing greyed out boxes without any numbers on it?
It means there is not enough history data yet on that particular pair and timeframe to properly calculate
its win rate. You just need to wait a bit until there is enough data for proper calculation. If its still
showing greyed boxes after a while, then you can manually download history data for that particular
pair by going to Tools -> History Center.
I tried to create a custom strategy (no code) but its not showing anything on the chart or on
the trend scanner. What should I do?
It’s most likely that the strategy is too restrictive or that it has too many conditions to follow which
ultimately, does not generate any signals. Double check to make sure the strategy is set correctly. You
can test by using a simpler strategy and see if that generate trading signals.
I want to add more accounts to my license but I already have reached my limit for activations
on my license. Can I purchase another license at a discount?
Yes, you can purchase additional license for a discount. Contact us via email to get started with upgrade.
I know someone who would be interested in purchasing this EA. Can I get a referral link so
that I can earn commission when he/she purchases it?
Sure, you can refer your friend or someone you know who are interested in making a purchase. You can
sign up as our partner on https://partners.takepropips.com
You will receive a commission every time someone uses your link to make a purchase. Also, the referral
will also get additional 10% OFF if they use your link.
I tried to load the EA but its not showing anything on the chart. What should I do?
Make sure that the license key you enter does not contain any spaces before and after the key. Also,
make sure the license key is inserted on the correct input.
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Make sure that “Allow DLL imports” is checked on the common tab.
Make sure as well that the library files from your downloads are copied to the library folder on MT4
directory. You can follow the Installation Guide PDF included in your downloads if you need reference.
You can check the “Experts” tab to see any errors that is generated upon loading the EA.
If you are still having this issue, please email us at info@takepropips.com and we will help you out.
How do I change the take profit, stop loss, and/or lot size for auto-trades?
There are three ways in which you can change the TP, SL and lot size for auto-trades.
First, you can click the ON/OFF button under Auto Trade column to open the Auto-Trade Management
which allows you to individually change the TP, SL, and/or lot size for the pair you have selected. Please
note that by doing this option, then each pair will have its own unique values for TP, SL and lot size.
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Second, if you wish to have the same values for TP, SL, and lot size for all pairs on the dashboard, then
you can change these settings under “Auto-Trade Management (Default Values)” section on the input
settings of the EA and then set the “Apply Same Settings to All Pairs” to true. It will apply the auto-trade
settings on the inputs tab for all pairs. Please note that by setting this setting to true, then individually
changing the auto-trade settings on the Auto-Trade Management will be disabled except for Automatic
Trade Recovery.
Third, if you also wish to have the same values for TP, SL, and lot size, but you also prefer to have an
option to individually change the auto-trade settings on a few pairs, then you can use the Shared Auto-
Trade Settings dashboard by clicking the button under the Auto-Trade column/above the Adaptive
Machine Learning button. This will change the values of TP, SL, and lot size for all pairs on the dashboard
based on the settings you made on the input settings of the EA. You can click “Apply Settings” to apply
the changes to all pairs on the dashboard.
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How do I change the settings for Trailing Stop, Breakeven SL, and/or Partial Close?
There are 3 ways in which you can change the trailing stop, breakeven SL, and/or partial close values.
First, you can click the ON/OFF button under Trail Stop, BE-SL, and/or Part Close column on the main
dashboard to open their respective management panel. From there, you can change the values for each
pair. Please note that by doing this option, then each pair will have its own unique values for tailing stop,
breakeven SL, and partial close.
Second, if you wish to have the same values for trailing stop, breakeven SL, and/or partial close for all
pairs on the dashboard, then you can change these settings under “Trailing Stop Management (Default
Values)”, “Breakeven SL Management (Default Values)” and/or “Partial Close Management (Default
Values)” section on the input settings of the EA and then set the “Apply Same Settings to All Pairs” to
true. It will apply the same settings on the inputs tab for all pairs. Please note that by setting this setting
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to true, then the individually changing the trailing stop, breakeven SL, and partial close settings on the
management dashboard will be disabled except for the ability to turn on/off for manual/auto-trade.
Third, if you also wish to have the same values for trailing stop, breakeven SL, and/or partial close for all
pairs, but you also prefer to have an option to individually change the settings on a few pairs, then you
can use the Shared Settings dashboard by clicking the button under button above the Adaptive Machine
Learning button. This will change the values of the settings for all pairs on the dashboard based on the
settings you made on the input settings of the EA. You can click “Apply Settings” to apply the changes to
all pairs on the dashboard.
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I want to change the account on my license to a different account. Is this possible and how
can I do so?
Yes, you can change to different account on your license by logging in to your account at
https://dashboard.takepropips.com
How can I stay up to date with the latest updates and releases for the EA?
You can follow us on our social media to get up-to-date with our newest releases and exclusive sales:
https://linktr.ee/takepropips
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TakePropips Trading Management Solutions Settings
General
Currency Pairs Preset – choose your predefined list of currency pairs that you want to show on the
dashboard. If you want to customize your own pairs list, then select “Custom Pairs List” and input the
desired symbol names on the “Custom Pairs List” input (Semi colon separated). If you need to just add
additional pairs to the already existing pairs pre-set, then add the pairs name on the “Additional Pairs”
setting.
Additional Pairs (Semi colon separated) – this input is used as an addition to the currency pre-sets that
you have selected. Example: If you want to use the 28 currency pairs pre-sets and you also want to add
“XAUUSD”, then you can use this input and add “XAUUSD”. This input is CASE sensitive. If your symbol
name has any prefix/suffix like “XAUUSD.m”, then you need to just enter the symbol name without the
prefix/suffix like “XAUUSD” and then enter the suffix “.m” on the “Symbol Suffix” input setting. If you
are adding multiple additional pairs, make sure they are semi colon separated without any spaces.
Custom Pairs List (Semi colon separated) – this input will only work if the selected option on “Currency
Pairs Pre-set” setting is “Custom Pairs List”. Example, if your brokers symbol name has a suffix
(EURUSD.m instead of just EURUSD), then you enter the symbol name “EURUSD” and then add “.m” on
the Symbol Suffix input. This input is CASE sensitive. If you are adding multiple custom pairs, make sure
they are semi colon separated without any spaces.
Symbol Prefix – if your brokers symbol names have a prefix, you will need to enter on this input.
Example, if your brokers symbol for “EURUSD” is “mEURUSD”, then you will need to enter “m” on this
input.
Symbol Suffix – if your brokers symbol names have a suffix, you will need to enter on this input.
Example, if your brokers symbol for “EURUSD” is “EURUSD.g”, then you will need to enter “.g” on this
input. (See FAQ for more details and examples regarding the use of suffix)
Unique Chart ID – allows you to uniquely identify the chart of the EA and save the settings only for that
specific chart. It is used so that you can open multiple instances of the EA on the same MetaTrader
terminal. If you decide to open another instance on another chart and you want to use different
settings, you need to set a different unique ID. Any number will work as long as they are unique to each
other.
Dashboard Scanner Height Spacing – allows you to change the height distance of the dashboard
scanner. You can set to “Small” if the vertical estate on your screen does not allow to fully show all the
pairs on the dashboard. This can only be used if the dashboard is in full view and not in compact view.
Track All Trades from Account – allows you to track and manage all trades from your account directly
on the trading management dashboard regardless of where the trade came from. If you only want to
track trades made by the Trading Management Solutions system, then set false.
No. of Bars to Calculate for Trade Signals – this determines the number of candles used to calculate the
history of trading signals. E.g., If its set at 1000, then it means the trading signals you see on the chart
will be calculated for the past 1000 candlesticks. Higher number will result in more trading signals
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history. Note that changing it to large number will result in more calculation and will require more
computer resources.
Auto-Load Chart Template – this automatically load the chart template for better visuals instead of the
default template used in MetaTrader. It will change the color of the chart background and the color of
the candlesticks. If you have your own chart template that you want to use, then set this setting to false.
Minimize Dashboard Scanner Click – if set to true, the main dashboard will automatically be minimized
if you click on the trend scanner to change to a different pair/timeframe.
Show Brokers Server Time Dashboard – allows you to switch between server time and your local time
which will appear on the top right corner of the main dashboard.
Add Commission to Profit Calculation – adds commission to the profit/loss value set by the trading
system.
Add Swap to Profit Calculation – adds swap to the profit/loss value shown on the trading system.
Show Order Ticket Label on Chart – shows the order ticket label on the chart for opened market orders.
Show Order Ticket Label on Chart (Pending Order) – shows the order ticket label on the chart for
pending orders.
Trend Scanner Calculation – sets the calculation used to determine the trend on the trend scanner.
• Last Trading Signal Trend – the trend is calculated for a specific pair and timeframe based on
the latest buy/sell signal. If the latest signal is a buy, the trend is considered to be in uptrend and
the color will be green on the trend scanner. If the latest signal is a sell, the trend is considered
to be in downtrend and the color will be red on the trend scanner.
• Moving Average Trend – the trend is calculated for a specific pair and timeframe based on 200
EMA. If the price is above the moving average, then it is considered to be in uptrend and the
color will be green on the trend scanner. If the price is below the moving average, the trend is
considered to be in downtrend and the color will be red on the trend scanner.
EMA Period (Moving Average Trend Scanner) – specify the moving average period to use when
calculating the trend for the scanner. This setting will only work if the "Trend Scanner Calculation” is set
to “Moving Average Trend”.
Auto-Backup Configuration Settings – the EA will create a backup of configuration settings daily to
ensure that the saved data is not lost during unexpected shutdown of the MetaTrader terminal. The
data that will be saved will come from Auto-Trade Management, Trailing Stop Management, Breakeven
SL Management, Partial Close Management, Account Protection Management, Adaptive Machine
Learning, Trading Strategy Management, Trend Scanner Data, Stealth Mode, OCO, and Keyboard
Trading. Please note that this does not save the input settings or create a set file. Only the dashboard
settings are saved. The backup file will be overwritten daily and can be found on folder MQL4/Files.
Auto-Trade Mode Only – this setting allows the EA to auto-trade the current pair and timeframe on the
chart. The dashboard will not be visible to save computer resources. It is used if you only want to auto-
trade with a specific pair/timeframe and don’t need to interact with the dashboard. The settings to
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change for auto-trade inputs such as TP, SL, and lot size can be changed on the input settings of the EA.
This setting can also be used if you have a set file based on a backtest result and want to incorporate
directly to the EA.
Use Opposite Entries – this setting allows you to reverse the trading signals of a trading strategy.
Example, if the system generates a buy signal, it will instead reverse the signal to give you a sell signal.
Auto-Trade Filters
This section only applies to the settings used for automatic trading. To enable the auto-trade feature,
you can click the ON/OFF toggle under the Auto-Trade column on the main dashboard to open the Auto-
Trade Management panel.
Order Type – the EA will use this setting to determine whether to open a market or limit order.
• Market Order – an order to buy or sell immediately at the best available current price. Market
orders are optimal when the primary goal is to execute the trade immediately.
• Pending Limit Order – an order to buy or sell at a specific price or better. A buy limit orders can
only be executed at the limit price or lower, while for sell limit orders, the order will be executed
at the limit price or higher.
Auto Trade Timeframes (Semi colon separated) – the EA allows to auto-trade on multiple timeframes.
This setting is used to determine on which timeframes to look for signals. For example, if you enter
“M30;H1;H4”, then the EA will only look for trading signals on M30, H1, and H4 timeframes and it will
only auto-trade on these timeframes. Please note that the EA will only auto-trade 1 timeframe at a time
and it will not open any more trades if there is currently an opened trade for that specific pair.
Use Success Rate Analysis – allows you to filter the trades based on your specified success rate
percentage. E.g., You can set the EA to only auto-trade if the success rate is above 70%. Please note that
if you set this to true, you may experience less auto-trading activity from the EA since the trade signals
will need to pass this filter before opening a trade.
Success Rate Analysis Percentage – you can set the success rate percentage that the EA will follow to
open your trades. Example: If you want the EA to only open trades when the success rate is above 70%,
then you can enter 70 on this field. You must also enable the setting “Use Success Rate Analysis
Percentage”. If you set the percentage too high, you may experience less auto-trading activity from the
EA since the trade signals will need to pass this filter before opening a trade.
Use Higher-Timeframe Analysis – the EA will look for higher timeframe trends to make sure that the
higher timeframes are in the same trend as your entry timeframe. E.g., If your entry timeframe is M15
and you have a buy signal, the EA will check the higher timeframe to make sure that they are also in an
uptrend. Please note that if you set this to true, you may experience less auto-trading activity from the
EA since the trade signals will need to pass this filter before opening a trade.
Higher Timeframe to Check – specify the timeframe you want to use if you enable higher-timeframe
analysis.
Only Auto-Trade on Strong Summary Signals – the auto-trade can be setup so that it will only open
trades when the summary on the trend scanner shows a “Strong Buy” or “Strong Sell”. E.g., If the EA
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receives a buy signal, it will check to make sure the summary on the scanner shows “Strong Buy” before
considering opening a trade. Please note that if you set this to true, you may experience less auto-
trading activity from the EA since the trade signals will need to pass this filter before opening a trade.
Close Trades on Opposite Signal - you can choose whether you want the EA to automatically close the
trades if it detects an opposite signal. Example: If you have a buy position and a sell signal is identified,
the EA will close the buy position and open a new sell position.
Enter One Signal Per Trend – the EA will auto-trade only 1 buy / 1 sell signal per trend. E.g., If the EA
detects multiple buy signals during a strong uptrend, then it will only enter a buy on the first buy signal
and not on the following buy signals. This is like how the trading signals work on the chart. So, if you
want to trade the same signals you see on the chart, then you can turn this setting to true. You can also
combine with “Close Trades on Opposite Signal” which will mimic the trading signals on the chart by
closing a running trade as soon as the opposite signal is detected.
Set Max No. of Auto-Trades – you can set the maximum number of auto-trades that you want to open
at any given time. E.g., if you set the value to 5, then the EA will only open a maximum of 5 auto-trades,
and it will not open any more trades if the total running trade is 5 or greater. If you set this to zero, then
this setting will be disabled, and the EA will have no limits on how many trades it can open.
Restrict Order Entry by Time – if set to true, it will allow you to only enter trades by specific time during
the day. The time you enter here is based on the server time of your broker.
Order Start Time – the time the EA can start opening new trades. The “Restrict Order Entry by Time”
must be set to true for this setting to work. The time you enter here is based on the server time of your
broker.
Order End Time –the EA can start opening new trades up to this time only. If you set at 15:00:00, then
the EA will not open trades after that time. The “Enter Trade by Order Time” must be set to true for this
setting to work. The time you enter here is based on the server time of your broker.
Disable Trading on Fridays – you can disable opening trades on Fridays by setting to true.
Avoid Trades on High Impact News – if set to true, the EA will not open trades 1 hour before and 1 hour
after high impact news. You can change the amount of time for before and after news event on the
“News Filter” section of the input settings.
Number of Bars to Expiry (Pending Order) – if you choose your “Order Type” as “Pending Order”, then
you can set the expiry of that order. Example: If the EA opens a trade on H1 timeframe using pending
order type, then you can enter 10 on this input and it will set the expiry for 10 bars which means 10
hours expiry since our entry timeframe is H1. If you set the value to zero, then the pending order will not
have any expiration.
ATR Multiplier Pullback (Pending Order) – the pending order for auto-trades enters only on pullback
(buy limit and sell limit) and you can specify how deep of a pullback you want for your pending orders. It
uses the ATR value for dynamic calculation based on current volatility of the pair. The higher the number
of this input, the more price has to pullback to activate your pending order.
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Enable Auto-Trade Comments – allows you to set your own comment for auto-trades.
Order Comments (Auto-Trade) – you can set your own comment on this field for auto-trades.
IMPORTANT: Please note that these settings are mainly used to set the default auto-trade values for
each pair. Remember that the Auto-Trade Management dashboard also allows you to individually set
different lot size, TP and SL for each pair. If you want to apply the same auto-trade settings for all pairs,
then you can set the “Apply Same Settings to All Pairs” to true.
Apply Same Settings to All Pairs – if set to true, this will allow you to apply the same auto-trade settings
to all pairs instead of individually changing them on the Auto-Trade Management dashboard. This is
used if you prefer to change the lot size, SL, and TP values of auto-trades directly on the Inputs tab
setting of the trading system. Please note that if this setting is set to true, then individually changing the
auto-trade setting on the Auto-Trade Management dashboard will be disabled.
Lot Size Calculation (Auto-Trades) – allows you to manage how the EA on auto-trading calculates the lot
size.
• Manual Lot Size – allows you to manually specify the lot size per trade.
• Risk % Per Trade – allows you to automatically calculate your lot size based on your risk
percentage per trade. E.g., If you set this at 1, then the EA will automatically calculate the lot
size of a trade so that it will only risk 1% of your account balance.
• Risk Amount Per Trade – allows you to automatically calculate your lot size based on the
amount in your accounts currency that you are willing to risk per trade. E.g., If you want to only
risk $100 on a trade, then you can enter 100 and the EA will automatically calculate the lot size
so that it will only risk $100 on a trade.
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Please note that if you are using automatic lot size option, then the size of your lot size will be
dependent on the size of your SL. E.g. A trade with a stop loss of 20 pips will have a higher lot size than
an SL with 50 pips but both will risk the same amount or percentage.
Lot Size Manual – enter the lot size on this input if the lot size calculation is set to “Manual Lot Size”.
Risk Percentage Per Trade – this is your risk percentage to automatically calculate the lot size if the lot
size calculation is set to “Risk % Per Trade”. Example, if you want to risk 1% per trade, then enter 1.0 on
this input.
Risk Amount Per Trade – you can enter a specific amount in your account’s currency to risk per trade.
The lot size calculation must be “Risk Amount Per Trade” for this input to work. Example, if your
accounts currency is in USD and you enter 50 on this input, it means the EA will risk $50 USD per trade.
Take Profit Calculation (Auto-Trades) – allows you to change how the EA calculates the take profit for
automatic trades only. This setting is only for auto-trades and not for the trading signals you see on the
chart.
• Risk/Reward Ratio – you can set the risk/reward ratio for TP relative to the value of the stop
loss. E.g., if you set the value to 2.0, then the take profit will be 2x the size of the stop loss. So
that means you risk $10 to make $20, that would be a 2:1 risk/reward ratio. If you have 10 pips
SL, your TP would be 20 pips if you set the risk/reward ratio to 2.0.
• ATR Multiplier – uses the ATR indicator to calculate your take profit. This is a good option since
it measures your take profit dynamically based on the current volatility of a specific pair. E.g., If
you set the value to 2.0, then it means the TP will be 2x its ATR value.
• Fixed Points TP – allows you to manually set the number of points for your take profit. E.g., if
you set the value of this input setting to 100, then the take profit will be 10 pips. Please
remember that this input setting uses point calculation.
TP ATR Multiplier – enter the ATR multiplier on this input if you chose the option “ATR Multiplier” for
your take profit calculation. E.g., If you enter 3.0 on this input and the Take Profit Calculation is set to
“ATR Multiplier”, then the TP will use this setting to calculate the size of your TP of 3x its ATR value.
TP Risk/Reward Ratio – enter the risk/reward ratio on this input if you chose the option “Risk/Reward
Ratio” for your take profit calculation. E.g., If you enter 1.5 on this input and the Take Profit Calculation
is set to “Risk/Reward Ratio”, then the TP will use this setting to calculate the size of your TP of 1.5x
larger than its SL value. If you want your TP to be smaller than your SL, the risk/reward ratio must be set
below 1.
Fixed Points TP – enter the number of points on this input if you chose the option “Fixed Points TP” for
your take profit calculation. E.g., If you enter 300 on this input and the Take Profit Calculation is set to
“Fixed Points TP”, then the TP will use this setting to calculate the size of your TP of 30 pips.
Stop Loss Calculation (Auto-Trades) – allows you to change how the EA calculates the stop loss for
automatic trades only. This setting is only for auto-trades and not for the trading signals you see on the
chart.
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• Support / Resistance – uses the closest support and resistance level as your stop loss. This is a
good option for dynamic calculation since the SL will be placed at supply/demand zones based
on the current price action of the chart.
• ATR Multiplier - uses the ATR indicator to calculate your stop loss. This is a good option since it
measures your take profit dynamically based on the current volatility of a specific pair. E.g., If
you set the value to 3.0, then it means the SL will be 3x its ATR value.
• Fixed Points - allows you to manually set the number of points for your stop loss. E.g., if you set
the value of this input setting to 200, then the stop loss will be 20 pips. Please remember that
this input setting uses point calculation.
SL ATR Multiplier – enter the ATR multiplier on this input if you chose the option “ATR Multiplier” for
your stop loss calculation. E.g., If you enter 5.0 on this input and the Stop Loss Calculation is set to “ATR
Multiplier”, then the SL will use this setting to calculate the size of your SL of 5x its ATR value. This
setting is for automatic trades only.
Fixed Points SL – enter the total points of your stop loss on this input if you chose the option “Fixed
Points” for your stop loss calculation. E.g., If you enter 250 on this input and the Stop Loss Calculation is
set to “Fixed Points”, then the SL will use this setting to calculate the size of your SL of 25 pips. Please
remember that this input setting uses point calculation. This setting is for automatic trades only.
ATR Buffer for Stop Loss – adds additional buffer to your stop loss based on the ATR multiplier that you
enter on this input. Example, if you use “Support / Resistance” option as your stop loss calculation, you
can enter 1.0 on this input and it will add additional 1x ATR value to your stop loss as buffer by entering
1.0 on this input. This is used best in combination with “Support / Resistance” SL calculation to avoid
stop loss hunting and give enough room for the price around these key levels.
Maximum Slippage (Points) – the value you enter here will be the default value of max slippage on the
Auto-Trade Management panel. Slippage refers to the difference between the expected price of
a trade and the price at which the trade is executed. If you put in 100, it means to not enter a trade if
the difference in the expected price and the price of execution is above 10 pips.
Please note that other instruments such as Crypto, Gold and/or Indices uses larger value of point
calculation compared to Forex pairs so change the value accordingly on the Auto-Trade Management
panel. Each pair on the dashboard can have different value of max slippage by opening Auto-Trade
Management panel. You can do so by clicking the OFF/ON toggle under the Auto-Trade column on the
main dashboard.
Maximum Spread (Points) - the value you enter here will be the default value of max spreads on the
Auto-Trade Management panel. This input is used so the EA will avoid trading on higher spreads. If you
put in 50, it means to not enter a trade if spread is above 5 pips.
Please note that other instruments such as Crypto, Gold and/or Indices uses larger value of point
calculation compared to Forex pairs so change the value accordingly on the Auto-Trade Management
panel. Each pair on the dashboard can have different value of max spreads by opening Auto-Trade
Management panel. You can do so by clicking the OFF/ON toggle under the Auto-Trade column on the
main dashboard.
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Trade Direction – allows the EA to open only long positions, only short positions, or both.
To enable this feature, you can click the ON/OFF toggle under the Auto-Trade column on the main
dashboard to open the Auto-Trade Management panel. From there, you’ll be able to turn off/on the
Automatic Trade Recovery feature for each pair.
Once the recovery trades reach its target profit or stop loss, the EA will automatically close all opened
trades and/or pending orders for that pair.
Enable Stop Loss for Trade Recovery – this setting is used if you want to use stop loss for your recovery
trades. E.g., If the total floating loss of your recovery trades and the original trade in points has hit your
SL target, then the EA will automatically close your recovery trades and the original trade.
Trade Recovery Order Type – the EA will use this setting to determine whether to open a market order
or limit order for recovery trades.
• Market Order – the EA will open recovery trades using market order. Please note that the EA
should be always running while the market is open to avoid interruptions if you are using market
order for recovery trades.
• Pending Order – a series of pending limit orders will be opened as soon as the original trade is
opened. E.g., If the EA detects a buy signal and you have automatic trade recovery turned on a
particular pair, then the EA will also open buy limit orders the same time as it opens the original
buy trade.
Hedging Order Type – the EA will use this setting to determine whether to open a market order or limit
order for hedge trades.
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• Market Order – the EA will open hedge trades using market order. Please note that the EA
should be always running while the market is open to avoid interruptions if you are using market
order for recovery trades.
• Pending Order – pending stop orders will be opened as soon as the recovery trade is opened.
Grid Size Calculation – you can set the calculation type when opening recovery trades.
• Dynamic (Market Order Only) – the dynamic option for recovery trades allows the EA to only
open recovery trades when it detects a reversal. E.g., If you have a loosing buy position and the
price is going down, the EA will only open another buy position if it detects that the trend is
about to reverse and start going up again.
• Manual – this option is a classic grid order strategy where you can set your own grid sizes. E.g.,
If you want to open recovery trades every 15 pips, then you would want to choose this option.
Grid Size Points – the distance between Grid orders in points. For manual grid calculation, you can set
your desired grid size points. E.g., If you want 20 pips distance for each grid order, then set the value of
this setting to 200 points.
For dynamic grid calculation, you can set the minimum grid size points before opening another recovery
trade. E.g., If you set this setting to 100 points and you have a loosing buy position and the EA detects a
reversal in price to the upside, then the EA will check this setting this setting to make sure that this new
recovery trade about to opened is greater than 100 points in distance from the last buy trade opened.
Maximum No. of Grids to Open – the maximum total number of recovery trades to be opened. E.g., If
you set this setting to 10, then the EA will only open a maximum of 10 recovery trades for each pair. This
setting can be used to reduce your risk by limiting the total number of recovery trades to open.
Martingale Type Trade Recovery – you can enable Martingale which will allow the EA to open recovery
orders with higher lot size for faster recovery of loosing position. This is risky as it will be opening
recovery trades on higher lot sizes for each order so do your due diligence before enabling this feature.
Martingale Lot Size Multiplier – you can set the lot multiplier for the Martingale feature. The Martingale
type must be set to “Lot Multiplier” for this input to work. For example, if the multiplier is 2, then the EA
will double your lot size for every Grid order. Recommended is only 1.5.
Martingale Fixed Lot Increases – you can set the fixed lot increase for “Fixed Lot Increases” martingale
type. E.g., If you set this at 0.01 lots, then the EA will increase the lot size by 0.01 for each recovery trade
opened.
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Hedging Stop Order Gap (ATR Multiplier) – if you have enabled “Hedging” for auto-trade recovery, then
it will use this input setting to set the distance between the recovery trade and the hedge trade. If its set
to 1.0, then the hedge trade will be placed 1x ATR from the recovery trade.
Use Stop Loss Placeholder for Trade Recovery – if your broker does not allow having trades without a
stop loss, then you can set this setting to true, and it will put a stop loss value on your recovery trades
only to be used as a placeholder so that it can be accepted by your broker.
Stop Loss Placeholder (ATR Multiplier) – you can set the ATR multiplier on this setting to be used for
calculating the placeholder value of the SL. The setting “Use Stop Loss Placeholder” must be set to true
for this setting to work. The ATR multiplier must be a large number (preferably between 50) so that the
SL will be large enough that it will never be triggered.
Buffer Lots for Trade Recovery – if auto-trade recovery is enabled, then it will make sure to not use up
all of your free margin when opening a brand-new trade. It will use this buffer lots setting to make sure
you have enough free margin on your account to open multiple recovery trades.
IMPORTANT: Please note that these settings are mainly used to set the default trailing stop values for
each pair. Remember that the Trailing Stop Management dashboard also allows you to individually set
the trailing stop for each pair. If you want to apply the same trailing stop settings for all pairs, then you
can set the “Apply Same Settings to All Pairs” to true.
Apply Same Settings to All Pairs – if set to true, this will allow you to apply the same trailing stop
settings to all pairs instead of individually changing them on the Trailing Stop Management dashboard.
This is used if you prefer to change the trailing stop directly on the Inputs tab setting of the trading
system. Please note that if this setting is set to true, then individually changing the trailing stop setting
on the Trailing Stop Management dashboard will be disabled.
Trailing Stop Calculation – allows you to manage how the EA calculates trailing stop. This feature will
work on both automatic trades and the trades you have opened manually on the Order Management
panel.
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• Trailing Step – the EA will move the stop loss in increments as the price moves direction of your
trade. Example: If you have a buy position and you set Trailing Step to 20 points (2 pips), the EA
will move the stop loss 2 pips every time the price moves by 2 pips in the direction of your trade.
If the price moves down, the SL will not be affected and will stay at that level.
• Trailing Deduction – the EA will reduce the size of your stop loss for every x minutes you specify
on the “Trailing Deduction Frequency” setting. Example, you can set the EA to reduce the SL by 5
pips for every 30 minutes that the trade is opened.
• ATR Trailing Stop – uses the ATR value to manage your stops. If this option is selected, then you
must specify the ATR multiplier on the setting “ATR Trailing Stop Multiplier”.
• Moving Average – uses the moving average value to manage your stops.
• Partial Close – uses the partial take profit target as your trailing stop value. E.g., If you have TP1,
TP2, and TP3 partial take profit enabled, then if TP1 is hit, the SL will move to breakeven. If TP2
is hit, the SL will move to TP1, and if TP3 is hit, the SL will move to TP2 price level. This option
works best only if you have all 3 partial take profits enabled.
Trailing Step (Points) – the number of points you want the price to start trailing. This setting is only used
if your trailing stop calculation is “Trailing Step”. Please note that this setting uses points calculation, so
if you want to trail your step by 5 pips, then you need to enter 50 on this input.
ATR Trailing Stop Multiplier – used to determine the multiplier for the ATR trailing stop option. If you
set the value for example at 3.0, then the EA will trail the stop 3x the current ATR value. This setting is
only used if your trailing stop calculation is “ATR Trailing Stop”.
ATR Trailing Stop Timeframe – the timeframe used to calculate the value of the ATR.
Trailing Deduction Points – the amount in points to deduct in SL when you select “Trailing Deduction” as
your trailing stop calculation. This setting is only used if your trailing stop calculation is “Trailing
Deduction”.
Trailing Deduction Frequency – the time it takes for the EA to reduce the SL for trailing deduction.
Example: If you select 5 minutes and you have “Trailing Deduction” as your trailing stop calculation, then
the EA will reduce your SL for every 5 minutes.
Moving Average Period – the period used if you select “Moving Average” as your trailing stop
calculation.
Moving Average Method – the moving average method for trailing stop.
Moving Average Timeframe – the timeframe in which the moving average will be calculated.
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IMPORTANT: Please note that these settings are mainly used to set the default breakeven SL values for
each pair. Remember that the Breakeven SL Management dashboard also allows you to individually set
the breakeven SL setting for each pair. If you want to apply the same settings for all pairs, then you can
set the “Apply Same Settings to All Pairs” to true.
Apply Same Settings to All Pairs – if set to true, this will allow you to apply the same breakeven SL
settings to all pairs instead of individually changing them on the Breakeven SL Management dashboard.
This is used if you prefer to change these settings directly on the Inputs tab setting of the trading
system. Please note that if this setting is set to true, then individually changing the breakeven SL setting
on the Breakeven SL Management dashboard will be disabled.
Breakeven SL Calculation – allows you to manage how the EA calculates breakeven SL. This feature will
work on both automatic trades and the trades you have opened manually on the Order Management
panel.
• Breakeven Points – the EA will move the stop loss to breakeven once the trade is in profit for a
specified number of points. E.g., If you want to move the SL to breakeven once the profit on
your trade hits 20 pips, then you can select this option.
• Breakeven Percentage – allows you to specify the distance percentage from your TP that the
price has to reach before the SL will move to breakeven. E.g., If you want to move the SL to
breakeven once the price reaches 50% from your take profit, then you can select this option.
Another example is if the take profit on your trade is 50 pips and you set 50% as your breakeven
TP percentage, then the SL will move to breakeven once you hit a profit for 25 pips.
Breakeven SL Points – the number of points you want in profit before the SL is moved to breakeven.
This setting is only used if your breakeven SL calculation is “Breakeven Points”. Please note that this
setting uses points calculation.
Breakeven SL Percentage – the percentage value in which the profit must reach before the SL is moved
to breakeven. E.g., If you want to move the SL to breakeven once the price reaches 75% of your take
profit, then enter 75 on this input.
Breakeven SL Profit (Points) – this input is used so that instead of just moving the SL to breakeven and
gaining zero profit, it will move the SL so that it adds additional points and lock in a profit. E.g., If you
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enter 20 on this input, then it will move the SL to breakeven plus it will add 20 points to make sure you
are in profit by 2 pips. This input uses points calculation.
IMPORTANT: Please note that these settings are mainly used to set the default partial close values for
each pair. Remember that the Partial Close Management dashboard also allows you to individually set
the partial close setting for each pair. If you want to apply the same settings for all pairs, then you can
set the “Apply Same Settings to All Pairs” to true.
Partially closing your order can be used if you want to lock in profits as the price moves towards your
original target profit.
Apply Same Settings to All Pairs – if set to true, this will allow you to apply the same partial close
settings to all pairs instead of individually changing them on the Partial Close Management dashboard.
This is used if you prefer to change these settings directly on the Inputs tab setting of the trading
system. Please note that if this setting is set to true, then individually changing the partial close setting
on the Partial Close Management dashboard will be disabled.
Enable TP1 Partial Close – enable partial close for TP1 by default.
Enable TP2 Partial Close – enable partial close for TP2 by default.
Enable TP3 Partial Close – enable partial close for TP3 by default.
TP1 Partial Close % – set the percentage you want to close for TP1. E.g., If you have a 0.1 lot size buy
position, you can automatically close any percentage of that lot size once it hits your partial TP1 target.
TP2 Partial Close % – set the percentage you want to close for TP2. E.g., If you have a 0.1 lot size buy
position, you can automatically close any percentage of that lot size once it hits your partial TP2 target.
TP3 Partial Close % – set the percentage you want to close for TP3. E.g., If you have a 0.1 lot size buy
position, you can automatically close any percentage of that lot size once it hits your partial TP3 target.
TP1 Distance % – set the percentage in which the price must reach for the partially close your order for
TP1. E.g., If you want to partially close your order to take some profit once the price reaches 25% of your
original target profit, then you can set 25 on in this input.
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TP2 Distance % – set the percentage in which the price must reach for the partially close your order for
TP2. E.g., If you want to partially close your order to take some profit once the price reaches 50% of your
original target profit, then you can set 50 on in this input.
TP3 Distance % – set the percentage in which the price must reach for the partially close your order for
TP3. E.g., If you want to partially close your order to take some profit the price reaches 75% of your
original target profit, then you can set 75 on in this input.
IMPORTANT: Please note that these settings are mainly used to set the default partial close values for
each pair. Remember that the Partial Close Management dashboard also allows you to individually set
the partial close setting for each pair. If you want to apply the same settings for all pairs, then you can
set the “Apply Same Settings to All Pairs” from the Partial Close Management (Default Take Profit)
section to true.
Partially closing your order can be used if you want to reduce your losses as the price moves towards
your original stop loss.
Enable SL1 Partial Close – enable partial close for SL1 by default.
Enable SL2 Partial Close – enable partial close for SL2 by default.
Enable SL3 Partial Close – enable partial close for SL3 by default.
SL1 Partial Close % – set the percentage you want to close for SL1. E.g., If you have a 0.1 lot size buy
position, you can automatically close any percentage of that lot size once it hits your partial SL1 target.
SL2 Partial Close % – set the percentage you want to close for SL2. E.g., If you have a 0.1 lot size buy
position, you can automatically close any percentage of that lot size once it hits your partial SL2 target.
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SL3 Partial Close % – set the percentage you want to close for SL3. E.g., If you have a 0.1 lot size buy
position, you can automatically close any percentage of that lot size once it hits your partial SL3 target.
SL1 Distance % – set the percentage in which the price must reach for the partially close your order for
SL1. E.g., If you want to partially close your order to reduce losses once the price reaches 25% of your
original stop loss, then you can set 25 on in this input.
SL2 Distance % – set the percentage in which the price must reach for the partially close your order for
SL2. E.g., If you want to partially close your order to reduce losses once the price reaches 50% of your
original stop loss, then you can set 50 on in this input.
SL3 Distance % – set the percentage in which the price must reach for the partially close your order for
SL3. E.g., If you want to partially close your order to reduce losses once the price reaches 75% of your
original stop loss, then you can set 75 on in this input.
Take Profit Calculation – allows you to change how the EA calculates the take profit. This section only
applies to trading signals shown on the chart and not for calculating the take profit on automatic trades.
• Risk/Reward Ratio – you can set the risk/reward ratio for TP relative to the value of the stop
loss. E.g., if you set the value to 2.0, then the take profit will be 2x the size of the stop loss. So
that means you risk $10 to make $20, that would be a 2:1 risk/reward ratio. If you have 10 pips
SL, your TP would be 20 pips if you set the risk/reward ratio to 2.0.
• ATR Multiplier – uses the ATR indicator to calculate your take profit. This is a good option since
it measures your take profit dynamically based on the current volatility of a specific pair. E.g., If
you set the value to 2.0, then it means the TP will be 2x its ATR value.
• Fixed Points TP – allows you to manually set the number of points for your take profit. E.g., if
you set the value of this input setting to 100, then the take profit will be 10 pips. Please
remember that this input setting uses point calculation.
Enable TP2 Chart Signals – enables the use of a second take profit. This is used to set a second target
profit or a partial take profit. You can disable this if you just want to use TP1.
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Enable TP3 Chart Signals - enables the use of a third take profit. This is used to set a third target profit
or a partial take profit. You can disable this if you just want to use TP1.
TP1 ATR Multiplier – this input applies only to TP1. Enter the ATR multiplier on this input if you chose
the option “ATR Multiplier” for your take profit calculation. E.g., If you enter 1.0 on this input and the
Take Profit Calculation is set to “ATR Multiplier”, then the TP will use this setting to calculate the size of
your TP of 1x its ATR value.
TP2 ATR Multiplier – this input applies only to TP2. Enter the ATR multiplier on this input if you chose
the option “ATR Multiplier” for your take profit calculation. E.g., If you enter 2.0 on this input and the
Take Profit Calculation is set to “ATR Multiplier”, then the TP will use this setting to calculate the size of
your TP of 2x its ATR value.
TP3 ATR Multiplier – this input applies only to TP3. Enter the ATR multiplier on this input if you chose
the option “ATR Multiplier” for your take profit calculation. E.g., If you enter 4.0 on this input and the
Take Profit Calculation is set to “ATR Multiplier”, then the TP will use this setting to calculate the size of
your TP of 4x its ATR value.
TP1 Risk/Reward Ratio – this input applies only to TP1. Enter the risk/reward ratio on this input if you
chose the option “Risk/Reward Ratio” for your take profit calculation. E.g., If you enter 1.0 on this input
and the Take Profit Calculation is set to “Risk/Reward Ratio”, then the TP will use this setting to calculate
the size of your TP of 1.0x the size of its SL value. If you want your TP to be smaller than your SL, the
risk/reward ratio must be set below 1.
TP2 Risk/Reward Ratio – this input applies only to TP2. Enter the risk/reward ratio on this input if you
chose the option “Risk/Reward Ratio” for your take profit calculation. E.g., If you enter 2.0 on this input
and the Take Profit Calculation is set to “Risk/Reward Ratio”, then the TP will use this setting to calculate
the size of your TP of 2.0x the size of its SL value. If you want your TP to be smaller than your SL, the
risk/reward ratio must be set below 1.
TP3 Risk/Reward Ratio – this input applies only to TP3. Enter the risk/reward ratio on this input if you
chose the option “Risk/Reward Ratio” for your take profit calculation. E.g., If you enter 3.0 on this input
and the Take Profit Calculation is set to “Risk/Reward Ratio”, then the TP will use this setting to calculate
the size of your TP of 3.0x the size of its SL value. If you want your TP to be smaller than your SL, the
risk/reward ratio must be set below 1.
Fixed Points TP1 – this input applies only to TP1. Enter the number of points on this input if you chose
the option “Fixed Points TP” for your take profit calculation. E.g., If you enter 100 on this input and the
Take Profit Calculation is set to “Fixed Points TP”, then the TP will use this setting to calculate the size of
your TP of 10 pips.
Fixed Points TP2 – this input applies only to TP2. Enter the number of points on this input if you chose
the option “Fixed Points TP” for your take profit calculation. E.g., If you enter 200 on this input and the
Take Profit Calculation is set to “Fixed Points TP”, then the TP will use this setting to calculate the size of
your TP of 20 pips.
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Fixed Points TP3 – this input applies only to TP3. Enter the number of points on this input if you chose
the option “Fixed Points TP” for your take profit calculation. E.g., If you enter 500 on this input and the
Take Profit Calculation is set to “Fixed Points TP”, then the TP will use this setting to calculate the size of
your TP of 50 pips.
Stop Loss Calculation – allows you to change how the EA calculates the stop loss. This section only
applies to trading signals shown on the chart and not for calculating the take profit on automatic trades.
• Support / Resistance – uses the closest support and resistance level as your stop loss. This is a
good option for dynamic calculation since the SL will be placed at supply/demand zones based
on the current price action of the chart.
• ATR Multiplier - uses the ATR indicator to calculate your stop loss. This is a good option since it
measures your take profit dynamically based on the current volatility of a specific pair. E.g., If
you set the value to 3.0, then it means the SL will be 3x its ATR value.
• Fixed Points - allows you to manually set the number of points for your stop loss. E.g., if you set
the value of this input setting to 200, then the stop loss will be 20 pips. Please remember that
this input setting uses point calculation.
Enable SL Chart Signals - enables the use of a stop loss. If you want to only exit trades when an opposite
signal occurs, disable this setting.
SL ATR Multiplier – enter the ATR multiplier on this input if you chose the option “ATR Multiplier” for
your stop loss calculation. E.g., If you enter 5.0 on this input and the Stop Loss Calculation is set to “ATR
Multiplier”, then the SL will use this setting to calculate the size of your SL of 5x its ATR value.
Fixed Points SL – enter the total points of your stop loss on this input if you chose the option “Fixed
Points” for your stop loss calculation. E.g., If you enter 500 on this input and the Stop Loss Calculation is
set to “Fixed Points”, then the SL will use this setting to calculate the size of your SL of 50 pips. Please
remember that this input setting uses point calculation.
ATR Buffer for Stop Loss (Zero disabled) – adds additional buffer to your stop loss based on the ATR
multiplier that you enter on this input. Example, if you use “Support / Resistance” option as your stop
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loss calculation, you can enter 1.0 on this input and it will add additional 1x ATR value to your stop loss
as buffer by entering 1.0 on this input. To disable this, set the value to zero.
TP Calculation Type – allows you to change the default TP calculation for Order Management panel.
• Manual Points – allows you to manually set the number of points for your take profit. E.g., if you
set the value of this input setting to 100, then the take profit will be 10 pips. Please remember
that this input setting uses point calculation.
• ATR Multiplier – uses the ATR indicator to calculate your take profit. This is a good option since
it measures your take profit dynamically based on the current volatility of a specific pair. E.g., If
you set the value to 2.0, then it means the TP will be 2x its ATR value.
• Risk/Reward Ratio – you can set the risk/reward ratio for TP relative to the value of the stop
loss. E.g., if you set the value to 2.0, then the take profit will be 2x the size of the stop loss. So
that means you risk $10 to make $20, that would be a 2:1 risk/reward ratio. If you have 10 pips
SL, your TP would be 20 pips if you set the risk/reward ratio to 2.0.
Manual Points – the total points of your take profit if you chose the option “Manual Points” for your
take profit calculation.
ATR Timeframe – the timeframe in which the ATR will be calculated if you chose the option “ATR
Multiplier” for your take profit calculation.
ATR Period – the ATR period if you chose the option “ATR Multiplier” for your take profit calculation.
ATR Multiplier – the ATR multiplier if you chose the option “ATR Multiplier” for your take profit
calculation.
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Risk/Reward Ratio – the risk/reward ratio for your take profit relative to the stop loss.
SL Calculation Type – allows you to change the default SL calculation for Order Management.
• Support / Resistance – uses the closest support and resistance level as your stop loss. This is a
good option for dynamic calculation since the SL will be placed at supply/demand zones based
on the current price action of the chart.
• ATR Multiplier - uses the ATR indicator as a way to calculate your stop loss. This is a good option
since it measures your take profit dynamically based on the current volatility of a specific pair.
E.g., If you set the value to 3.0, then it means the SL will be 3x its ATR value.
• Fixed Points - allows you to manually set the number of points for your stop loss. E.g., if you set
the value of this input setting to 200, then the stop loss will be 20 pips. Please remember that
this input setting uses point calculation.
Manual Points – the total points of your stop loss if you chose the option “Manual Points” for your stop
loss calculation.
ATR Timeframe – the timeframe in which the ATR will be calculated if you chose the option “ATR
Multiplier” for your stop loss calculation.
ATR Period – the ATR period if you chose the option “ATR Multiplier” for your stop loss calculation.
ATR Multiplier – the ATR multiplier if you chose the option “ATR Multiplier” for your stop loss
calculation.
Supply Demand Timeframe – the timeframe in which the supply and demand zones will be calculated.
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Order Management (Default Lot Size)
This section only applies to the Order Management panel for creating manual orders. The settings you
set here will be the default lot size settings every time you open the Order Management panel. To open
the Order Management panel, you can click the Buy and Sell buttons on the main dashboard.
Lot Size Calculation Type – allows to change the default lot size calculation for Order Management.
• Manual Lot Size – allows you to manually specify the lot size per trade.
• Risk % Per Trade – allows you to automatically calculate your lot size based on your risk
percentage per trade. E.g., If you set this at 1, then it will automatically calculate the lot size of a
trade so that it will only risk 1% of your account.
• Risk Amount Per Trade – allows you to automatically calculate your lot size based on the
amount you are willing to risk per trade. E.g., If you want to only risk $100 on a trade, then you
can enter 100 and it will automatically calculate the lot size so that it will only risk $100 on a
trade.
Please note that if you are using automatic lot size option, then the size of your lot size will be
dependent on the size of your SL. E.g. A trade with a stop loss of 20 pips will have a higher lot size than
an SL with 50 pips but both will risk the same amount or percentage.
Manual Lot Size – enter the lot size on this input if the lot size calculation is set to “Manual Lot Size”.
Risk Percentage Per Trade – this is your risk percentage to automatically calculate the lot size if the lot
size calculation is set to “Risk % Per Trade”. Example, if you want to risk 1% per trade, then enter 1.0 on
this input.
Risk Amount Per Trade – you can enter a specific amount in your account’s currency to risk per trade.
The lot size calculation must be “Risk Amount Per Trade” for this input to work. Example, if your
accounts currency is in USD and you enter 50 on this input, it means it will risk $50 USD per trade.
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Currency Strength Meter
Additional CSM Pairs (Semi colon separated) – you can add and track additional instruments such as
Indices, Commodities, Crypto, and/or other exotic pairs to the Currency Strength Meter (shown at the
top part of the main dashboard). You just need to add the pair name of the instrument you want to add.
E.g., If the instrument you want to add is “BTCUSD.g”, then you just need to add “BTCUSD.g” to this
input including the suffix. You can add up to a maximum of 9 instruments.
Currency Strength Meter Strong Level % - this percentage is used to determine the upper limit of the
currency strength meter percentage, so the EA recognizes it as strong currency. The currency will be
highlighted in green once it reaches this certain percentage.
Currency Strength Meter Weak Level % - this percentage is used to determine the lower limit of the
currency strength meter percentage, so the EA recognizes it as weak currency. The currency will be
highlighted in red once it reaches this certain percentage.
Stop Loss Points (CSM Management) – the default stop loss in points when you open the CSM
Management panel.
Take Profit Points (CSM Management) – the default take profit in points when you open the CSM
Management panel.
Lot Size Points (CSM Management) – the default lot size when you open the CSM Management panel.
To open the CSM Management panel, you just need to click the buy, sell, or close buttons right beside
the name on the Currency Strength Meter at the top of the dashboard.
Grid Order Lot Size – the lot size to use per grid order.
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Grid Size (Points) – the size of the grid positions in points. If you want your grid size to be in 10 pips for
example, then you need to enter 100.
Grid Take Profit (Points) – the EA will automatically close all grid positions once it reaches the target
profit in points. If your target is 20 pips, then enter 200.
Grid Stop Loss (Points)– the EA will automatically close all grid positions once it reaches the stop loss in
points. E.g., if you want your stop loss to be 100 pips, then enter 1000.
Martingale Type – you can enable Martingale which will allow the EA to open grid orders with higher lot
size. This is risky as it will be opening grid trades on higher lot sizes for each order so do your due
diligence before enabling this feature. Different types of options:
• None – martingale will be disabled.
• Martingale Multiplier – the traditional martingale method in which the EA will multiply its lot
size on each recovery orders.
• Martingale Multiplier (Every 2nd Order) – a less risky method of martingale in which you can
multiply the lot size only for every 2nd order and not on every order.
• Fixed Lot Increases – you can specify your own lot increase for martingale instead of using a
multiplier. Example: If you set the lot increase to be 0.02, then every recovery orders will
increase the lot size by 0.02.
Martingale Lot Size Multiplier – you can set the multiplier for the Martingale feature. For example, if
the multiplier is 2, then the EA will double your lot size for every Grid order. Recommended is only 1.5.
Martingale Fixed Lot Increases – you can set the fixed lot increase for “Fixed Lot Increases” martingale
type. E.g., If you set this at 0.01 lots, then the EA will increase the lot size by 0.01 for each recovery trade
opened.
Use Stop Loss Value – if set to true, then the grid orders will have a hard stop loss value. If its set to
false, the grid orders will send any stop values to the broker. You only need to set this setting to true if
your broker does not allow sending orders without a stop loss value. Do not confuse this with “Grid Stop
Loss (Points)” setting.
Use Stop Loss Value (ATR Multiplier) – You can set the stop loss value to send to your broker using the
ATR multiplier. Only use this setting if you want to have a hard stop loss value to your grid orders or if
your broker does not allow sending orders without an SL.
Use TP Value for Pending Grid Orders – You can set a hard take profit value on each pending grid orders
using the same TP value you input on the Manual Grid Order Management.
Use Next Grid as TP Value for Pending Grid Orders – You can set a hard take profit value using the next
grid as your TP target for each pending grid orders.
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Fast Buy / Fast Sell Order (Default Values)
This section applies only to “Fast Buy” and “Fast Sell” buttons on the dashboard. This functionality is
used for opening market orders quickly with just one click of a button. The default setting to set the TP,
SL, and lot size can be set on this section.
Lot Size Calculation Type – allows to change the default lot size calculation for Fast Buy/Fast Sell.
• Manual Lot Size – allows you to manually specify the lot size per trade.
• Risk % Per Trade – allows you to automatically calculate your lot size based on your risk
percentage per trade. E.g., If you set this at 1, then it will automatically calculate the lot size of a
trade so that it will only risk 1% of your account.
• Risk Amount Per Trade – allows you to automatically calculate your lot size based on the
amount you are willing to risk per trade. E.g., If you want to only risk $100 on a trade, then you
can enter 100 and it will automatically calculate the lot size so that it will only risk $100 on a
trade.
Please note that if you are using automatic lot size option, then the size of your lot size will be
dependent on the size of your SL. E.g. A trade with a stop loss of 20 pips will have a higher lot size than
an SL with 50 pips but both of them will risk the same amount or percentage.
Manual Lot Size – enter the lot size on this input if the lot size calculation is set to “Manual Lot Size”.
Risk Percentage Per Trade – this is your risk percentage to automatically calculate the lot size if the lot
size calculation is set to “Risk % Per Trade”. Example, if you want to risk 1% per trade, then enter 1.0 on
this input.
Risk Amount Per Trade – you can enter a specific amount in your account’s currency to risk per trade.
The lot size calculation must be “Risk Amount Per Trade” for this input to work. Example, if your
accounts currency is in USD and you enter 50 on this input, it means it will risk $50 USD per trade.
TP Calculation Type – allows you to change the default TP calculation for Fast Buy/Fast Sell.
• Manual Points – allows you to manually set the number of points for your take profit. E.g., if you
set the value of this input setting to 100, then the take profit will be 10 pips. Please remember
that this input setting uses point calculation.
• ATR Multiplier – uses the ATR indicator as a way to calculate your take profit. This is a good
option since it measures your take profit dynamically based on the current volatility of a specific
pair. E.g., If you set the value to 2.0, then it means the TP will be 2x its ATR value.
• Risk/Reward Ratio – you can set the risk/reward ratio for TP relative to the value of the stop
loss. E.g., if you set the value to 2.0, then the take profit will be 2x the size of the stop loss. So
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that means you risk $10 to make $20, that would be a 2:1 risk/reward ratio. If you have 10 pips
SL, your TP would be 20 pips if you set the risk/reward ratio to 2.0.
Fixed Points TP – the total points of your take profit if you chose the option “Manual Points” for your
take profit calculation.
ATR Multiplier – the ATR multiplier if you chose the option “ATR Multiplier” for your take profit
calculation.
Risk/Reward Ratio – the risk/reward ratio for your take profit relative to the stop loss.
Stop Loss Calculation – allows you to change the default SL calculation for Fast Buy/Fast Sell.
• Support / Resistance – uses the closest support and resistance level as your stop loss. This is a
good option for dynamic calculation since the SL will be placed at supply/demand zones based
on the current price action of the chart.
• ATR Multiplier - uses the ATR indicator to calculate your stop loss. This is a good option since it
measures your take profit dynamically based on the current volatility of a specific pair. E.g., If
you set the value to 3.0, then it means the SL will be 3x its ATR value.
• Fixed Points - allows you to manually set the number of points for your stop loss. E.g., if you set
the value of this input setting to 200, then the stop loss will be 20 pips. Please remember that
this input setting uses point calculation.
SL ATR Multiplier – the ATR multiplier if you chose the option “ATR Multiplier” for your stop loss
calculation.
Fixed Points SL – the total points of your stop loss if you chose the option “Manual Points” for your stop
loss calculation.
Close Type – used for calculating the volume of lot size to close.
• Percentage – uses percentage of the total lot size to close.
• Lot Size – you can manually specify the total lot size to close.
• Amount – you can set to close a total lot size based on the amount you specify. If the trade is
winning, then it will use this the profit amount to determine the total lot size to close.
Close Percentage – you can set the total percentage of the lot size to close. The “Close Type” must be
“Percentage” for this input to work. E.g., if you want to close 50% of your trade, then enter 50.
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Close Lot Size – you can set the total lot size to close. The “Close Type” must be “Lot Size” for this input
to work. E.g., if you have a trade with 2.50 lot size and you want to close 0.95 of your trade, then enter
0.95
Close Amount – you can set the total amount to close. The “Close Type” must be “Amount” for this
input to work. E.g., if a trade is in $100 floating profit and you want to close $40 of profit, then you can
put in 40.
Dashboard Style
Panel Border – the color of the dashboard border.
Buy Signal Color (Scanner) – the color of the buy signal button on the scanner.
Sell Signal Color (Scanner) – the color of the sell signal button on the scanner.
Buy Button Color – the color of the buy button on the trade manager.
Sell Button Color – the color of the sell button on the trade manager.
Close Button Color – the color of the close button on the trade manager.
Show Signals on Chart – allows you to show the trading signals on the chart.
Column Header Color – the color of the column header on the trading management dashboard.
Buy Signal Color (Chart Signals) – the color of the buy signals on the chart.
Sell Signal Color (Chart Signals) – the color of the sell signals on the chart.
Loss Hit Color – the color of signals when it hits the SL or closes on a loosing profit.
Font Text Heavy – the font text used on the dashboard for larger texts.
Font Text Light – the font text used on the dashboard for smaller texts.
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Bar Shift for Technical Data – the bar shift used for calculating technical and price data. Zero means
current bar, and 1 means the previous bar that is already finished.
Timeframe Period – the timeframe used for calculating the technical data. Defaults to the current
timeframe on the chart.
Default Indicator – the default indicator shown when you open the Technical Dashboard Management.
Price Channels
Donchian Channel Periods – the period used to show the Donchian Channel on the chart.
Keltner Channel Periods – the period used to show the Keltner Channel on the chart.
Keltner Channel Multiplier – the ATR multiplier used by the Keltner Channel.
Keltner Channel MA Periods – the moving average period used by the Keltner Channel.
Show Middle Line of Channel – allows you to enable/disable the middle of both the Donchian and
Keltner Channel.
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Channel Buy Color Line– the color of the channel when there is a buy signal currently on the chart.
Channel Sell Color Line– the color of the channel when there is a sell signal currently on the chart.
Bar Shift to Calculate – the bar shift used for calculating technical and price data. Zero means current
bar, and 1 means the previous bar that is already finished.
Moving Average Method – method for moving average. EMA and SMA are the two most popular
options.
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Williams Percent Range Buy Level - the buy level for WPR indicator.
Williams Percent Range Sell Level - the sell level for WPR indicator.
Money Flow Index Buy Level - the buy level for MFI indicator.
Money Flow Index Sell Level - the sell level for MFI indicator.
Commodity Channel Index Buy Level - the buy level for CCI indicator.
Commodity Channel Index Sell Level - the sell level for CCI indicator.
Relative Strength Index Buy Level – the buy level for RSI indicator.
Relative Strength Index Sell Level – the sell level for RSI indicator.
Bollinger Bands Deviation – the standard deviation for the Bollinger Bands indicator.
Oscillator Bar Graph Type – you can choose between RSI or Stochastic to show as bar graph.
Look back period – the number of candles used to scan for divergence.
RSI Divergence Period – the RSI period used to scan for divergence.
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Supply / Demand Zone (Technical Analysis Panel)
This section is used only for the “Technical Analysis” panel on the right side of the trading management
dashboard.
Use Zone Area - allows you to visually set a zone or narrower lines for support & resistance.
Pivot Length – the number of bars used to calculate high & low pivots.
No. of Bars to Check – you can specify how far back you want the support and resistance to be
calculated.
ATR Period – the period of ATR used to specify the zone strength.
ATR Zone Strength – you can specify how strong the zone is using ATR values.
No. of Bars to Check – the total number of candles to check for swing highs and swing lows.
Pivot Length - the number of bars used to calculate high & low pivots.
No. of Dotted Lines – the total number of dotted lines to show for each pivot.
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Trend Lines (Technical Analysis Panel)
This section is used only for the “Technical Analysis” panel on the right side of the trading management
dashboard.
Trend Line Short Period – the short-term period used to calculate the trend line.
Trend Line Medium Period – the medium-term period used to calculate the trend line.
Trend Line Long Period – the longer-term period used to calculate the trend line.
Pivot Point Calculation – allows you to choose the calculation type for pivot points.
Pivot Point Timeframe – the timeframe in which the pivot point will be calculated.
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Short Period Fibonacci – the short-term period used to calculate the Fibonacci Retracement.
Medium Period Fibonacci – the medium-term period used to calculate the Fibonacci Retracement.
Long Period Fibonacci – the longer-term period used to calculate the Fibonacci Retracement.
Bollinger Band Deviation – the deviation used to calculate the Bollinger Bands.
Bollinger Band Period – the period used to calculate the Bollinger Bands.
Line Width – the line width of both Multi-EMAs and Bollinger Bands.
News Management
This section is used for the “News Management” panel.
Enable Low News – enable low volatility news on news filter panel.
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Low News Before (minutes) – a timer will show on the news filter before the low news event is
released.
Low News After (minutes) – a timer will show on the news filter after the low news event is released.
Enable Moderate News – enable moderate volatility news on news filter panel.
Moderate News Before (minutes) – a timer will show on the news filter before the moderate news
event is released.
Moderate News After (minutes) – a timer will show on the news filter after the moderate news event is
released.
Enable High News – enable high volatility news on news filter panel.
High News Before (minutes) – a timer will show on the news filter before the high news event is
released.
High News After (minutes) – a timer will show on the news filter after the high news event is released.
Alerts
Currency Strength Meter Suggestions – allows you to receive alerts when a currency has reached their
upper and lower limit percentage on the currency strength meter dashboard.
Show Pop-up Alerts – allows you to receive popup alerts on MetaTrader platform.
Send Mobile Push Alerts - sends you a mobile notification of the MetaTrader app when a new buy / sell
signal is detected
Send Email Alerts – sends you an email notification when a new buy / sell signal is detected
Filter Alerts by Success Rate – allows you to filter alerts from trading signals based on their success rate.
Show Strong Signal Alert – allows you to receive strong buy & strong sell signal alerts.
Show Multi-Timeframe Trend Alert – allows you to receive alerts when multiple timeframes are in the
same trend direction.
No. of consecutive timeframes – this is used to determine the total number of timeframes when
detecting the multi-timeframe trend alert.
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Show TP3 Alerts – shows the TP3 value on trading alerts.
Show Signals Alert M15 – shows signals alert from M15 timeframe.
Show Signals Alert M30 – shows signals alert from M30 timeframe.
Magic Numbers
This section is used to set the magic number for both auto-trades and manual trades. Each magic
numbers must be unique and cannot be the same.
Magic Number (Manual Trades) – the magic number used when opening manual trades.
Magic Number M1 (Auto-Trades) – the magic number used when the EA automatically opens a trade on
M1 timeframe. This is used to identify the timeframe in which the EA opened the trade since the EA can
automatically open trades on different timeframes.
Magic Number M5 (Auto-Trades) – the magic number used when the EA automatically opens a trade on
M1 timeframe. This is used to identify the timeframe in which the EA opened the trade since the EA can
automatically open trades on different timeframes.
Magic Number M15 (Auto-Trades) – the magic number used when the EA automatically opens a trade
on M1 timeframe. This is used to identify the timeframe in which the EA opened the trade since the EA
can automatically open trades on different timeframes.
Magic Number M30 (Auto-Trades) – the magic number used when the EA automatically opens a trade
on M1 timeframe. This is used to identify the timeframe in which the EA opened the trade since the EA
can automatically open trades on different timeframes.
Magic Number H1 (Auto-Trades) – the magic number used when the EA automatically opens a trade on
M1 timeframe. This is used to identify the timeframe in which the EA opened the trade since the EA can
automatically open trades on different timeframes.
Magic Number H4 (Auto-Trades) – the magic number used when the EA automatically opens a trade on
M1 timeframe. This is used to identify the timeframe in which the EA opened the trade since the EA can
automatically open trades on different timeframes.
Magic Number D1 (Auto-Trades) – the magic number used when the EA automatically opens a trade on
M1 timeframe. This is used to identify the timeframe in which the EA opened the trade since the EA can
automatically open trades on different timeframes.
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Magic Number Hedge Auto-Trades – the magic number used when the EA automatically opens a hedge
position for recovery trades.
Magic Number (Manual Grid) – the magic number used when the EA automatically opens a manual grid
order.
Keyboard Shortcuts
This section is used to map your own custom keyboard shortcuts for the panels used by the trading
system. You can enable keyboard shortcut by clicking the “Other Function” button on the main
dashboard and enable “Keyboard Shortcuts”. Once enabled, you can press the “Tab” key to close panels
and “Shift” to submit a form for Order Management and Auto-Trade, Trailing Stop, Breakeven SL, and
Partial Close Management Dashboards.
Donchian Channel Period – the Donchian Channel period used to calculate its main strategy.
Bollinger Band Deviation – sets the standard deviation settings of Bollinger Bands.
Bollinger Band Period – sets the middle line period of Bollinger Bands.
Band Squeeze ATR Multiplier – band squeeze will be identified when the upper & lower bands fall
within the upper & lower ATR Channel (higher ATR multiplier will give more false band squeeze signals,
recommended is 1.5x ATR).
Band Squeeze ATR Period – the ATR period used to detect band squeeze. Defaults to 14 periods.
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Filter Breakout by MFI – filters the band squeeze breakout to use Money Flow Index as a second
confirmation. Please refer to Breakout Band Squeeze strategy on how MFI is used.
Moving Average Crossover Strategy - allows you to choose the moving average strategy you want to
apply on the chart. Options are Triple Moving Average Strategy and Double Moving Average Strategy.
Fast, Middle, and Slow, Moving Average Period - sets the period of the slow, middle, and fast-Moving
Average. The default setting is EMA for moving average type, and the periods are 8 EMA (fast), 20 EMA
(middle), and 50 EMA (slow).
Main Strategy Auto-Trade – you can select the strategy to use for backtest. Please note that premium
strategies will require a license for that strategy or an Advanced license. If you want to modify the auto-
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trade settings, then you can refer to “Auto-Trade Filters” and “Auto-Trade Management (Default
Values)” section.
Secondary Strategy Auto-Trade – you can enable secondary strategy for backtest. You can choose which
strategy you want to use as a secondary strategy.
Secondary Strategy Type – you can set the secondary strategy type to use if it’s not disabled.
• Additional Signal – it will use Secondary Strategy as another condition on your main strategy.
E.g., If the main strategy did not generate any signals for the current bar, then it will look at the
secondary strategy and see if it generated signals on the current bar. This will result in more
signals generated since there are now more than one strategy running at the same time.
• Confirmation Signal – it will use the secondary strategy as a confirmation filter for the main
strategy. E.g., if you have the default TMS as your main strategy, and it generated a buy signal
on the current bar, then the secondary strategy will also need to generate a buy signal on the
same bar. If the confirmation failed, then the signal from the main strategy will be ignored. This
will result in less signals.
• Confirmation Trend – it will use the previous signal of the secondary strategy as a trend to
confirm the main strategy. E.g., if you have the default TMS as your main strategy and it
generated a sell signal on the current bar, then it will check the previous signal of the secondary
strategy to make sure it is also a sell signal, which represents downtrend. If the confirmation
failed, then the signal from the main strategy will be ignored. This will result in less signals.
Enable Trade Recovery – enables auto-trade recovery for backtest. If you want to modify the auto-trade
recovery settings, then you can refer to “Auto-Trade Recovery (Default Values)” section.
Enable Hedging for Trade Recovery – enables hedging strategy for backtest. If you want to modify the
hedging settings, then you can refer to “Auto-Trade Recovery (Default Values)” section.
Enable Trailing Stop – enables trailing stop for backtest. If you want to modify the trailing stop settings,
then you can refer to “Trailing Stop Management (Default Values)” section.
Enable Breakeven SL – enables breakeven SL for backtest. If you want to modify the breakeven SL
settings, then you can refer to “Breakeven SL Management (Default Values)” section.
Enable Partial Close – enables partial close for backtest. If you want to modify the partial close settings,
then you can refer to “Partial Close Management (Default Values)” section.
Unique Chart ID Custom Strategy (No Code) – you can specify the unique chart ID if you want to test
custom strategy (no code) strategy. E.g., if the custom strategy was created on a chart with the setting
“Unique Chart ID” set to 1, then you will need to insert 1 on this setting as well. Make sure they both
match.
Main Strategy Custom Strategy No Code – specify the main custom strategy (no code) to test. This input
will only work if the “Main Strategy Auto-Trade” is set to “Custom Strategy (No Code)”.
Main Strategy Custom Strategy Dev Only – specify the main custom strategy (dev only) to test. This
input will only work if the “Main Strategy Auto-Trade” is set to “Custom Strategy (Dev Only)”.
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Secondary Strategy Custom Strategy No Code – specify the secondary custom strategy (no code) to
test. This input will only work if the “Secondary Strategy Auto-Trade” is set to “Custom Strategy (No
Code)”.
Secondary Strategy Custom Strategy Dev Only – specify the secondary custom strategy (dev only) to
test. This input will only work if the “Secondary Strategy Auto-Trade” is set to “Custom Strategy (Dev
Only)”.
NOTE: Make sure to enter the license key of the EA, otherwise, the backtest will not work.
The Expert Properties allows you to change the input settings used for backtesting. In this EA, you can
change the stop loss, take profit, lot size, auto-trade filters, and trading strategy.
The input settings section that you will want to focus on which will affect backtest results are in the
section “Auto-Trade Filters”, “Auto-Trade Management (Default Values)”, “Auto-Trade Recovery
(Default Values)”, “Trailing Stop Management (Default Values)”, “Breakeven SL Management (Default
Values)”, “Partial Close Management (Default Take Profit)”, “Partial Close Management (Default Stop
Loss)”, and “Backtest”.
If you want to test custom strategy (no code), then you need to create the custom strategy on the
Trading Strategy Management dashboard. Once you are in this dashboard, click the “Edit” icon to create
the custom strategy without the need to code.
Then change the “Auto-Trade Strategy” setting to “Custom Strategy (No Code)” and select the custom
strategy to test.
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