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FAQ

What settings can be configured when using EASY Trading Bots?

Utilizing EASY Trading AI involves a comprehensive set of configurable settings that allow traders to tailor the trading robots according to their specific trading preferences and risk management strategies. The flexibility in customization ensures that traders can optimize the performance of the bots to align with their individual trading goals. Here’s a detailed review of the strategy setup and customization tools available in EASY Trading AI:

Core Configuration Settings

1. Take Profit (TP) and Stop Loss (SL) Levels:

  • TP and SL Settings: Users can set specific levels for taking profits (TP) and stopping losses (SL), which are crucial for defining the risk-reward parameters for each trade.
  • Mode Selection: Depending on the strategy, users can opt for percentage-based SL adjustments (a percentage from the entry price) or fixed price points.

2. Money Management (MM) Mode:

  • Fixed Margin: Traders can choose to trade with a fixed margin, helping to maintain a consistent level of market exposure.
  • Fixed Lot Size: For those who prefer consistent trade sizes, setting a fixed lot size ensures that each transaction is executed with the same volume.

3. Balance Protection Functions:

  • Maximum Profit Day: Traders can set upper limits on profits for a day to lock in gains and prevent overexposure.
  • Day of Maximum Loss: Similarly, limits can be set on the maximum acceptable loss in a day to trigger protective measures and prevent further trading under adverse market conditions.

Advanced Signal Handling and Filtering

4. Signal Processing and Deviation Controls:

  • Maximum Signal Deviation in Points: This setting allows traders to specify the maximum allowable deviation for a trade signal from its initial recognition point, in terms of price points.
  • Max. Signal Deviation in Sec.: Specifies the time frame in seconds within which the signal must be executed to ensure its relevance and accuracy.

5. Max Spread:

  • This setting restricts trading activities to conditions under which the market spread does not exceed a predefined level, safeguarding against cost-inefficient trade executions.

6. Checking Signals Before Opening:

  • An essential feature where each signal is verified before execution to align with current market conditions and the specified settings for deviations and spreads.

Model and Analysis Configurations

7. Min pp Similarity:

  • This parameter defines the minimum pip-to-tick similarity required for a signal to be considered valid. It essentially measures how closely tick movements within a certain period resemble the pip movements outlined in the trading model.

8. Analysis Model and Confirmation Settings:

  • Analysis Model: Traders can select or customize the analytical models used to interpret market data and generate signals.
  • Minimum Number of Confirmations Per Signal: This defines how many subsequent price points must confirm the initial signal before a trade can be executed.
  • Confirmation Model: Specifies the model used to validate signals, ensuring multiple layers of verification before execution.
  • Propagation Coefficient: Indicates the extent of signal influence, with values typically ranging up to 1 (100% influence).

Customization for Specific Robot Versions

Depending on which version of the trading robot you are using—whether it’s Easy Trendopedia, Easy Scalperology, or Easy Breakopedia—additional parameters for signal filtering may be available. These additional settings allow for further refinement of how signals are processed and executed based on the unique trading algorithms of each bot.

In conclusion, EASY Trading AI provides a robust framework for customized trading. These detailed configuration options empower traders to fine-tune their trading strategies, manage risks effectively, and optimize their trading outcomes based on individual preferences and market conditions.