The parameter settings that you use with your trading robot are as important as the robot itself, bad data = bad results, good data = good results.
Default Stock Parameters Included
The download contains the default example parameters so that you can start trading, you will need to load them into your trading robot, follow the link below for instructions.
This is the list of general settings that include the fixed position size.
This will allow you to run multiple cBot instances of the same symbol, but with different parameter settings and they will all work independently.
If a different symbol is used other than the one stated in the cBot name a warning message appears, this setting disables the warning message.
Fixed Buy & Sell Lots
This is a fixed value in lots that positions will use when they are submitted to the broker as a market order.
This is a list of settings that make up the stop loss risk, trade type and profit targets.
Buy & Sell Only
You have the option to trade only buy trades, sell trades or both, this is extremely useful when you have identified a long term trend is bullish, so you go with the trend and only open buy trades, it is best to experiment on a backtest.
Stop Loss Buy, Sell (max)
This is the maximum stop loss value in pips, the system will dynamically change this value using an internal algorithm, so these values are not fixed.
Take Profit Buy, Sell (max)
This is the maximum take profit value in pips, the system will dynamically change this value using an internal algorithm, so these values are not fixed.
The Neptune trading system benefits from some risk limiters to protect your account.
Same Symbol Filter
If set to yes then if you have another currency pair open and trading that is the same symbol as the trade you wish to open, it will stop the trade from opening. For example, a currency pair is open EURUSD, the trading system attempts to open a pair GBPUSD, it will fail as the pair already open contains USD.
Use this feature if you only want a single trade open at any time for all 10 trading robots, this is useful for small accounts or when you wish to keep your drawdown to a minimum, as the cBots do not open many trades per year, it is not often anyway there will be many trades open for all 10 cBots.
Max Spread (pips)
This helps reduce risk and drawdown by not opening trades when the spread widens like on Fridays and weekends. Spread filter request.
Equity Stop Target & Value
If selected the robot will stop trading and close all open positions when the total equity that includes trades that are still open reaches your lowest account equity target for the day, an example would be your balance is 1000, you have losing trades so that if you were to close all open positions would leave you only 900, so your stop target is 900 and when the equity drops to this value the robot will stop and trades close.
Equity Profit Target & Value
If selected the robot will stop trading and close all open positions when the total equity that includes trades that are still open reaches your highest account equity target for the day, an example would be your balance is 1000, you have winning trades so that if you were to close all open positions would leave you in profit at 1200, so your profit target is 1200 and when the equity reaches to this value the robot will stop and trades close.
Use this option if you wish the robot to trade only during the start and stop time set below, please specify in digits only, your options are 0 - 23, do not use 0 or 24 as this is not accepted.
Trailing Stop Loss
This feature helps reduce drawdown and lock in profits, the fixed take profit targets are adjusted on each candle close which is usually every hour, this feature will trail the stop loss behind the price and continue to lock in profits using the step setting until the price reverses, the stop loss is updated each incoming tick of data, so you do not need to wait for the candle to close before the stop loss ends up a take profit.
If you select "Yes" the trading system will boost the net profit and the number of trades, this can provide a much higher return of profits, but at the same time it may also increase your risk, we advise that you experiment using different timeframes with this option turned on and off. With turbo boost turned on more than 1 position can open at the same time so you can end up with multiple open positions, with turbo boost turned off, the robot will only ever have 1 position open at any time.
Sometimes the turbo mode can go a bit crazy and open many positions at the same time if it feels there is a strong trend signal, this setting will limit the number of positions that the robot will open.
News Event Management
The cTrader Grid-Hedge News Event Manager has the logic to pause trading before, during and after a major high-impact news event, this helps reduce massive draw-down spikes or from your account being wiped out.
Included in your download you will have the cTrader News Release Manager which is sold at £9.99, this is provided free and is easily plugged into this trading robot.
If you choose 'Yes' it will pause trading during a high impact news event.
Close on News?
If you choose 'Yes' it will also close all open positions for this symbol only before a high impact news event.
Most traders should be familiar with Telegram and how it can be used to send trade signals and warnings, you will need to find your Bot token and Chat ID for this to work, if you need help then follow the instructions below.
- What is Telegram Messaging?
- How to create your Telegram message bot account
- Read this Blog to Set-Up Your Telegram Bot
At the moment there is only 1 telegram alert that is sent when the trade opens, this feature will not work in turbo mode and also if there is another trade already open.
All of the remaining settings are the black-box values, you can modify them using the cTrader optimization module to achieve better results when your backtests start to produce results that are not the best.
The image below shows just a few of the optimisable settings, all the 9-trading robots have up to 60 optimizers for the perfect data fitting.
Anything Missing? please contact us
Suggest New Features - we would love to hear your ideas