Description of labor

The knowledgeable advisor of sophistication C3 works utilizing an averaging grid. When a sign from the built-in indicator seems, the knowledgeable advisor opens a place, units the takeprofit and the extent for opening an averaging place. When the grid is absolutely opened, the knowledgeable advisor units a stoploss. Just one grid could be opened available in the market.

Observe: earlier than operating the knowledgeable advisor, the settings should be optimized for a particular instrument and timeframe.

Professional advisor settings

Basic settings

Timeframe

The parameter units the timeframe on which the knowledgeable advisor will work. The parameter is required in case you swap the timeframe whereas the knowledgeable advisor is working, and the knowledgeable advisor will work with the timeframe that’s set within the settings.

Instance: the knowledgeable advisor is engaged on H1, you turn the timeframe to D1 to see the worldwide scenario, however the knowledgeable advisor continues to work on H1. Though, to judge the chart, you should use one other chart on which the knowledgeable advisor doesn’t work.

Observe: if you choose the present parameter from the record, the knowledgeable advisor will work on the timeframe that’s at present lively. The parameter is helpful when testing on totally different timeframes, in order to not swap the parameter every time when altering the timeframe for testing.

Magic

The parameter units a singular identifier for every open place. This parameter is required if sooner or later you wish to have a look at the historical past of transactions with a particular magician with the intention to assess the profitability of the buying and selling technique. A magic is assigned to an open place and is saved within the buying and selling historical past.

Instance: you’ve got the identical knowledgeable advisor working, however with totally different settings, for instance, one knowledgeable advisor works with breakeven turned on, and one other with breakeven turned off, for the reason that knowledgeable advisor is identical, the Magic parameter will assist distinguish positions opened by the knowledgeable advisor with breakeven turned on from positions with breakeven turned off.

Observe: for positions opened manually, the terminal mechanically units the magic = 0, so it’s higher to not use 0 as a magic.

Cash administration settings

Place quantity

The parameter units the amount of the place with which the knowledgeable advisor opens a place.

Observe: set the right quantity for the instrument on which the knowledgeable advisor will work. It should be better than or equal to the minimal quantity, lower than or equal to the utmost quantity, and be a a number of of the amount step. To do that, you possibly can view the specification of the instrument, learn the directions.

Place opening settings

This group accommodates the settings of the indicator that provides the indicators. The settings could be considered from the precise indicator that the knowledgeable advisor works with.

Place closing settings

StopLoss

The parameter units the gap from the opening worth to the loss restrict worth.

Calculation formulation:

For the Purchase place: opening worth – (StopLoss x level measurement)

For the Promote place: opening worth + (StopLoss x level measurement)

Instance: StopLoss = 100, place opening worth = 1.08000, cease loss for the Purchase place will probably be set at 1.07900 (1.08000 – (100 x 0.00001)), for the Promote place – 1.08100 (1.08000 + (100 x 0.00001)).

Observe: The parameter is required and should at all times be better than 0.

TakeProfit

The parameter units the gap from the opening worth to the revenue taking worth.

Calculation formulation:

For the Purchase place: opening worth + (TakeProfit x level measurement)

For the Promote place: opening worth – (TakeProfit x level measurement)

Instance: TakeProfit = 100, place opening worth = 1.08000, takeprofit for the Purchase place will probably be set at 1.08100 (1.08000 + (100 x 0.00001)), for the Promote place – 1.07900 (1.08000 – (100 x 0.00001)).

Observe: The parameter is required and should at all times be better than 0.

The purpose measurement could be considered within the instrument specification or on the chart itself, for instance, the EURUSD pair has some extent measurement of 0.00001 (fifth quotes), the USDJPY pair has 0.001 (third quotes).

Grid settings – grid settings

Positions complete

The parameter units the variety of open positions within the grid.

Distance between positions

The parameter units the gap between the positions within the grid. It’s measured in factors.