FAQ

FAQ about Settings

1. What is MM Mode and how do I choose the right option for my trading strategy? MM Mode stands for Money Management Mode, offering different ways to manage trade risk:

Fixed: Sets a specific lot size for all trades, suitable for traders who prefer consistent trade volumes.
% SL Level: Adjusts the lot size based on a percentage of the account balance and a predefined stop-loss level, ideal for those who wish to scale their risk according to the account size.
Fixed Margin: Uses a fixed amount of account’s margin per trade, providing consistent risk management across various account sizes and leverage levels.

2. How does the ‘Fixed Lot Size’ setting affect my trades? The ‘Fixed Lot Size’ allows you to set a consistent lot size for each trade, ensuring that the volume of your transactions remains constant regardless of fluctuations in your account balance. This can help in maintaining uniform exposure across all trades.

3. What are the Balance Protection Functions and why are they important? Balance Protection Functions include settings like Max Profit Day and Max Loss Day, which automatically stop trading if certain profit or loss thresholds are reached within a day. These functions protect your balance from significant losses and help lock in profits, preventing backsliding during volatile market conditions.

4. What is Max Signal Deviation in Pips and how does it affect entry points? Max Signal Deviation in Pips sets the maximum allowable deviation from the signal price for executing a trade. This helps in reducing entry into trades at prices that have moved significantly from the initial signal, thereby improving accuracy and minimizing slippage.

5. What does Max Signal Deviation in Sec entail? This parameter defines the maximum time allowed between the generation of a trading signal and its execution. Keeping this interval short ensures that trades are executed based on the most current market information, reducing the impact of price movements that occur after the signal is received.

6. How does the Max Spread setting influence my trading? Max Spread determines the highest acceptable spread under which the bot will execute trades. Setting this parameter helps avoid trading during high spread conditions, which can erode potential profits by increasing the cost of trading.

7. What is Min pp Similarity and how does it influence signal generation? Min pp Similarity measures the minimum number of pips, converted into ticks, required to align with the tick rate in a given period to generate a trading signal. This parameter fine-tunes the bot’s sensitivity to price movements, allowing you to customize the precision of pattern recognition.

8. Can you explain ‘Model Analyze’? ‘Model Analyze’ specifies the algorithm or model used by the bot to analyze market data and generate signals. Depending on your selection, the bot can employ different analytical techniques like trend analysis or mean reversion strategies, tailoring its approach to fit your trading style.

9. What is the purpose of the Min Number of Confirmation in pp setting? This setting requires a minimum number of subsequent price points to confirm the validity of a trading signal before execution. It helps reduce the risk of acting on false signals, thereby enhancing trade reliability.

10. How does the Confirmation Model work? The Confirmation Model is an additional layer of validation used to confirm initial trading signals. Depending on the selected model, it can either reinforce the primary pattern recognition or provide an alternate analytical perspective, offering more robust signal confirmation.

11. What does the Spread Factor indicate? The Spread Factor indicates the degree to which the current spread affects the trading decision. A factor of 1 means the spread entirely influences the decision to trade, particularly crucial during times of high market volatility when spreads can widen significantly.