Trend Profiteer Expert Advisor Settings Quick Reference Guide

Transcription

1 Trend Profiteer Expert Advisor Settings Quick Reference Guide By Michael Nurok 1

2 RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market. The contents of this material are for general information and educational purposes only [contents shall also mean the website or any website ( the sites ) the content is hosted on, and any correspondence or newsletters or postings related to such website]. Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using the product, ideas and techniques. We do not purport this to be a get rich scheme. Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report or on or on the sites. Past performance is not indicative of future results. By purchasing any content, subscribing to our mailing list or using the website or contents of the website or materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read here with. So too, all the materials contained within this course, including this manual, whether they appear on our domain(s) or are in physical form, are protected by copyright. "Warning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the authorities and is punishable with imprisonment and a fine." We reserve all our rights in this regard. Homerun Creations Pty Ltd, in association with the sites, content, and its representatives do not and cannot give investment advice or invite customers or readers to engage in investments through this course or any part of it. The information provided in this content is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Hypothetical performance results have many inherent limitations, some of which are mentioned below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program and method. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the trading losses are material points that can also adversely affect trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading results. We reserve the right to change the set terms and conditions without notice. You can check for updates to this disclaimer at anytime by visiting Governing law: this policy and the use of this report / course / DVDs / ebook, provided in any form, and any content on the website are governed by the laws of the Republic of South Africa. Further details on this are found under the Terms and Conditions on our site. Please ensure you read and agree with all Terms and Conditions as set out on our site before using any of the materials. Your use and reliance on the materials is based on your acceptance of such Terms and Conditions and policies as appear on the site. 2

3 Lots MinLots MaxLots SplitOrder SplitPercentage UseMoneyManagement TradeSizePercent MONEY MANAGEMENT Total lot size that you want used. Whatever the value is in the Lots field is the lot size that will be used. For example, if you set it to 0.5, the total lot size for the executed trade(s) will be 0.5 lots. If you set it to 0.2, the total lot size for the executed trade(s) will be 0.2 lots. The minimum lots that can be used if the UseMoneyManagement field is set to true. If the value from Money Management is less than MinLots the order will be entered using the MinLots value. That is; the lot size will be rounded up to MinLots. The maximum lots that can be used if the UseMoneyManagement field is set to true. If the value from Money Management is greater than MaxLots the order will be entered using the MaxLots value. That is; the lot size will be rounded down to MaxLots * Set to "true" if you want the Trade Assistant to split a signal and execute 2 trades. * Set to "false" if you do not want the Trade Assistant to execute 2 trades, but rather only 1 trade. The "SplitPercentage" field is used to determine the proportion of the split if "SplitOrder" field is set to "true". It is a numeric field that relates to the percentage of the 1st trade of 2 trades to be executed as split trades. For example, a value of "80" will have the effect of splitting 2 trades in an 80/20 proportion (ie; 80% for the 1st position and 20% for the 2nd position). A 2nd example is; a value of "40" will have the effect of splitting 2 trades in a 40/60 proportion (ie; 40% for the 1st position and 60% for the 2nd position). A 3rd example is; a value of "50" will have the effect of splitting 2 trades in a 50/50 proportion (ie; 50% for the 1st position and 50% for the 2nd position). Note: Any percentage split is possible. If a lot size position is smaller than your broker allows, it will be rounded up. * Set to "true" if you want the Trade Assistant to execute trades using its money management function that determines lot sizes based on the "TradeSizePercent" and "BaseOnSL" fields. * Set to "false" if you do not want the Trade Assistant to execute trades using its money management function. Instead, lot sizes will be based on the user-inputted "Lots" field. The "TradeSizePercent" field is used to determine the size of the lots that is used, based on a percentage of your account. The field is numeric. "1" denotes 1% of your account. "2" denotes 2% of your account, and so forth. Note: It is suggested that you have the "BaseOnSL" field enabled (set to "true") if you are going to use the "TradeSizePercent" field for a 3

4 true representation of percentage of your account. If you do not have "BaseOnSL" enabled, the TA uses a different form of calculation (the one many EAs use as a standard), by using the margin requirements, the account's free margin available, and your account leverage. Therefore if "BaseOnSL" is disabled (ie; false ), you will probably want to use a higher "TradeSizePercent" (3-5 times higher). BaseOnSL * Set to "true" if you want the Trade Assistant to include the Stop Loss when calculating a lot size to use based on the "TradeSizePercent" field. That is; the lot size is determined on the worst-case scenario (trade goes against you and hits stop loss) which will equate a loss on your account no more than the percentage inputted in the "TradeSizePercent" field. * Set to "false" if you do not want the Trade Assistant to include the Stop Loss value when calculating lot size based on the "TradeSizePercent" field. TradeTrends AlertTrends TrendTooFarFromMA_X TrendTooCloseToMA RecentCrossover TREND SETTINGS * Set to "true" if you want the Indicator to scan the market for Trend Trades. * Set to "false if you do not want the Indicator to scan for Trend Trades. * Set to "true" if you want to receive popup alerts on your Metatrader platform for Trend Trade setups. * Set to false if you do not want to receive popup alerts on your Metatrader platform for Trend Trade setups. * This value (in pips) represents the maximum distance that the price can be from the Moving Average Crossover, for the signal to be valid. This distance is the outer limit of the Goldilocks Zone. Note: On the close of the signal bar, if the price distance is beyond the value of TrendTooFarFromMA_X, the trade setup is invalid. * This value (in pips) represents the minimum distance that the price can be from the Fast Moving Average after the MA Crossover, for the signal to be valid. This distance is the inner limit of the Goldilocks Zone. Note: On the close of the signal bar, if the price distance is closer than the value of TrendTooCloseToMA, the trade setup is invalid. * The number of previous bars to check to confirm if a Moving Average Crossover has occurred. This field is used when the TrendFollower Indicator has changed colour but the MA Crossover 4

5 has already occurred. The default is set at 3 which means a check for the 3 previous bars is undertaken to confirm a recent MA Crossover. You can set this value to however many previous candles you want to check back. DisplayTooFarFromMA_X DisplayTooCloseToMA TooFarFromMA_XColor TooCloseToMAColor * Set to "true" if you want to display a short horizontal line at the price which is the maximum distance away from the Moving Average Crossover. Note: This is based on the TrendTooFarFromMA_X field value, representing the outer Goldilocks Zone. * Set to "false" if you do not want to display a short horizontal line at the price which is the maximum distance away from the Moving Average Crossover. * Set to "true" if you want to display a short horizontal line at the price which is the minimum distance away from the Moving Average Crossover. Note: This is based on the TrendTooCloseToMA field value, representing the inner Goldilocks Zone. * Set to "false" if you do not want to display a short horizontal line at the price which is the minimum distance away from the Moving Average Crossover. The Color of the horizontal line at the price that represents the "TrendTooFarFromMA_X" distance from the moving Average Crossover. The Color of the horizontal line at the price that represents the "TrendTooCloseToMA" distance from the Fast Moving Average. ConservativeTrading TRADING STYLE * Set to "true" if you want to only scan and alert conservative trade setups for both Trend Trades and Swing Trades. * Set to "false" if you do not want to only scan and alert conservative trade setups for both Trend Trades and Swing Trades. In other words, setting this parameter to false will mean that ALL trade setups (conservative AND aggressive) will be scanned and alerted. 5

6 UseTrendHTF1 UseSwingHTF1 HigherTF1 PipRequirementHTF1 UseTrendHTF2 UseSwingHTF2 HigherTF2 PipRequirementHTF2 UseTrendHTF3 HIGHER TIMEFRAME SETTINGS * Set to "true" if you want to use Trends from the 1st Higher * Set to "false" if you do not want to use Trends from the 1st Higher * Set to "true" if you want to use Swings from the 1st Higher * Set to "false" if you do not want to use Swings from the 1st Higher This parameter represents what the 1st Higher Timeframe is. Note: One of these codes must be used; M5, M15, M30, H1, H4, D1, W1, MN1 The distance (in pips) that the Fast Moving Average must be from the Slow Moving Average for the 1st Higher Timeframe Trend to be confirmed and displayed as only one direction. Note: If the distance separating the Fast & Slow Moving Averages is less than this value, the 1st HTF Trend will be displayed and considered as bi-directional (blue up/down directions arrow) * Set to "true" if you want to use Trends from the 2nd Higher * Set to "false" if you do not want to use Trends from the 2nd Higher * Set to "true" if you want to use Swings from the 2nd Higher * Set to "false" if you do not want to use Swings from the 2nd Higher This parameter represents what the 2nd Higher Timeframe is. Note: One of these codes must be used; M15, M30, H1, H4, D1, W1, MN1 The distance (in pips) that the Fast Moving Average must be from the Slow Moving Average for the 2nd Higher Timeframe Trend to be confirmed and displayed as only one direction. Note: If the distance separating the Fast & Slow Moving Averages is less than this value, the 2nd HTF Trend will be displayed and considered as bi-directional (blue up/down directions arrow) * Set to "true" if you want to use Trends from the 3rd Higher * Set to "false" if you do not want to use Trends from the 3rd Higher 6

7 UseSwingHTF3 HigherTF3 PipRequirementHTF3 * Set to "true" if you want to use Swings from the 3rd Higher * Set to "false" if you do not want to use Swings from the 3rd Higher This parameter represents what the 3rd Higher Timeframe is. Note: One of these codes must be used; M30, H1, H4, D1, W1, MN1 The distance (in pips) that the Fast Moving Average must be from the Slow Moving Average for the 3rd Higher Timeframe Trend to be confirmed and displayed as only one direction. Note: If the distance separating the Fast & Slow Moving Averages is less than this value, the 3rd HTF Trend will be displayed and considered as bi-directional (blue up/down directions arrow) TradeSwingWithinTrend MinSwingBarsSWT MoveTooBigPipsSWT SwingTooFarFromMA_X AlertSwingWithinTrend SWING SETTINGS * Set to "true" if you want the Indicator to scan the market for Swing Within Trend Trades. * Set to "false if you do not want the Indicator to scan for Swing Within Trend Trades. The minimum number of consecutive MACD Histogram Bars of the opposite colour to the signal bar that immediately precede the signal bar, and that are on the same side of the Zero Line as the signal bar. The more consecutive bars of opposite-colour preceding the signal bar, the higher the likelihood of a successful swing. The maximum distance, in pips, allowed between the close of the signal bar and the close of the candle prior to that, for the trade setup to be valid. Note: If the distance (range in pips) of the close of the signal bar and the close of the candle prior to that, is greater than the MoveTooBigPipsSWT value, the trade setup is invalid. The maximum distance (in pips) allowed from the close of the Swing Within Trend signal bar, and the last Moving Average Crossover, for the trade setup to be valid. Note: If the distance is greater than the SwingTooFarFromMA_X, the trade setup is invalid. * Set to "true" if you want to receive popup alerts on your Metatrader platform for Swing Within Trend trade setups. * Set to false if you do not want to receive popup alerts on your Metatrader platform for Swing Within Trend trade setups. 7

8 TradeSunday SUNDAY SETTINGS * Set to "true" if you want to scan and alert for any trade setups during the Sunday trading session, which are already enabled to trade. * Set to "false" if you do not want to scan and alert for any trade setups during the Sunday trading session, which are already enabled to trade. ShowBuys ShowSells DISPLAY ARROWS * Set to "true" if you want to display all Buy arrows on your Metatrader chart for all enabled Trend Trade and Swing Within Trend trade setups. * Set to "false" if you do not want to display all Buy arrows on your Metatrader chart for all enabled Trend Trade and Swing Within Trend trade setups. * Set to "true" if you want to display all Sell arrows on your Metatrader chart for all enabled Trend Trade and Swing Within Trend trade setups. * Set to "false" if you do not want to display all Sell arrows on your Metatrader chart for all enabled Trend Trade and Swing Within Trend trade setups. 8

9 TakeProfit SplitTP UseTP_SL_Ratios MainTP_SL_Ratio SplitTP_SL_Ratio TAKE PROFIT & STOP LOSS The value (in pips) of the ultimate hard-target for the order (or 1 st split order if trades are split). This value is displayed on the charts in the "Trade Management" section as "Main Target". The value (in pips) of the ultimate hard-target for the 2nd split order if trades are split. This value is displayed on the charts in the "Trade Management 2" section as "Main Target". * Set to "true" if you want to use dynamically generated Main Target(s) for 1 or 2 orders. Note: Setting this field to "true" will override the "TakeProfit" & "SplitTP" values. * Set to "false" if you do not want to use dynamically generated Main Target(s) for 1 or 2 orders. Note: Settings this field to "false" will result in the "TakeProfit" & "SplitTP" values being used. This is the reward-to-risk multiplier (a representation of the risk-toreward ratio) for the 1st or sole order. The generated value will be the amount of pips used for the target, relative to the amount of pips used for the stop loss. For example, a value of "10" when the stop loss is say, 20 pips, equates to 10 (multiplier) x 20 (SL) = 200 pips (target). In other words, the target is "10" times greater than the stop loss being used if MainTP_SL_Ratio is "10". Another example is; If you used "5" as the value, the generated target would be 5 times the value of the stop loss. Note: If "UseTP_SL_Ratios" is set to "true", then this dynamically generated value for the target will over-ride the "TakeProfit" value and be displayed on the charts in the "Trade Management" section as the "Main Target" for the 1st or sole position. This field is the same as MainTP_SL_Ratio except it is for the 2nd position. The value is typically higher than the value that is used for the 1st position. The SplitTP_SL_Ratio is the reward-to-risk multiplier (a representation of the risk-to-reward ratio) for the 2nd order when 2 orders are used. The generated value will be the amount of pips used for the target, relative to the amount of pips used for the stop loss. For example, a value of "25" when the stop loss is say, 20 pips, equates to 25 (multiplier) x 20 (SL) = 500 pips (target). In other words, the target is "25" times greater than the stop loss being used if SplitTP_SL_Ratio is "25". Another example is; If you used "15" as the value, the generated target would be 15 times the value of the stop loss. Note: If "UseTP_SL_Ratios" is set to "true", then this dynamically generated value for the target for the 2nd order will over-ride the "SplitTP" value and be displayed on the charts in the "Trade Management 2" section as the "Main Target" for the 2nd position. 9

10 StopLoss SplitSL UseSlowMAForInitialStop StopLossPipsFromMA MAInitialStopMinimum UseCounterSignalSL This is the value of the Stop Loss for the 1st or sole order. It is displayed on the charts in the "Trade Management" section as "Initial Stop". Note: This is the initial stop loss for the order when it is first opened. This is the value of the Stop Loss for the 2nd order when 2 orders are used. It is displayed on the charts in the "Trade Management 2" section as "Initial Stop". Note: This is the initial stop loss for the 2nd order when it is first opened. * Set to "true" if you want the Stop Loss for any opened orders to be dynamically generated, based on the Slow Moving Average at the time of the signal bar. Note: This will over-ride the stop loss being based on the "StopLoss" and "SplitSL" fields. * Set to "false" if you do not want the Stop Loss to be dynamically generated. In other words, you prefer the inputted "StopLoss" and "SplitSL" fields be used. This value is the amount (in pips) that the dynamically generated stop losses are placed relative to the Slow Moving Average. If the field is set to "0", the stop will be placed on the Slow Moving Average. If the value is greater than 0, the stop loss will be placed further from the Slow Moving Average by this amount, relative to the direction of the trade. For example, if the value is "10", then the stop will be placed 10 pips further from the Slow Moving Average. That is; 10 pips above the Slow Moving Average for sells, or 10 pips below the Slow Moving Average for buys. Another example; "25" would place the stop 25 pips above the Slow Moving Average for Sells, or 25 pips below the Slow Moving Average for Buys. Note: This field is designed to customise the stops that you use so you can give the trade more room to move initially. This is the value (in pips) that the Stop Loss must be when executing the order(s). Note: The minimum stop loss is used when the "UseSlowMAForInitialStop" is set to "true". That is; When the TA is dynamically generating the stop loss based on the (1) Slow Moving Average, and (2) How many pips the stop should be placed away from the Slow Moving Average. Example: If the dynamically generated stop loss is 37 pips, but the value in the "MAInitialStopMinimum" field is 50 pips, then the TA will use 50 pips as the initial stop loss. * Set to "true" if you want the stop loss, on both positions, to be changed to the value set in the "CounterSignalSL" field, if a Moving Average Crossover occurs (Fast MA crosses Slow MA) that is contrary to the direction being currently traded. 10

11 Note: Stops will be tightened if a Moving Average Crossover occurs regardless of what the price is and whether the trade is in profit or not. This action is considered as First Response Defensive Trading and is included so you can cash-in pips if the price continues to move against your traded position. * Set to "false" if you do not want the stop loss on either position to be adjusted if there a contrary Moving Average Crossover forms. CounterSignalSL This is the value (in pips) that the stop loss is placed from the current price when a counter signal forms, as per the "UseCounterSignalSL" rules. Example: The value of the "CounterSignalSL" is "20". A Buy trade is open. A counter signal for a Sell occurs. The price at the close of the bar is and therefore, the stops are moved 20 pips below this at TrailType TRAILING STOP This dictates which trail methodology is used, after the Profit Locking Targets have been satisfied. Note: It is a numeric field with 5 options that use the following numeric codes; "1" - Simple Trail "2" - Ratcheting Trail "4" - PSAR Trail "5" - Moving Average Trail "7" - Candlestick Trail - Type "1" (Simple) - The trade (or 1 st position) will trail pip-by-pip. That is; For every 1 pip the trade is in further profit, the trail will move 1 pip and trail the current price by the amount in "TrailValue". Example: When Simple Trailing is activated with a Trail Value of 25, the stop will always trail by 25 pips and will only move when the trade is more than 25 pips in profit. - Type "2" (Ratchet) - The trade (or 1 st position) will update the trail position every time the trade reaches half of the amount in "TrailValue". Example: When Ratchet Trailing is activated with a TrailValue of "30", after price reaches the 1st 30 pips after trail activation, the trail will be set at 30 pips. Thereafter, the trail position will be updated every 15 pips (half the TrailValue). So, a Buy trade with trail activated at with a 30 pips trail value will place the stop at At (15 pips is half the TrailValue), the trail is moved to At , the trail is moved to and so on. 11

12 - Type "4" (PSAR) - The trade will be trailed by the PSAR settings plus the value in "TrailValue" (see below). - Type "5" (Moving Average) - The trade will be trailed by the Moving Average settings combined with the value in "TrailValue" (see below). TrailValue SplitTrailType SplitTrailValue - Type "7" (Candlestick) - The trade will be trailed by the Candlestick Trail settings combined with the value in "TrailValue" (see below). This is the value (in pips) that the trailing methodology uses in combination with its normal trailing value. The default is 0 (zero) however a value is required for Type 2 (Ratchet) trailing, as per the TrailType field. When used with Type 4 (PSAR), Type 5 (Moving Average) or Type 7 (Candlestick); If the value is 0, then the trail is based on the default value produced the trailing methodologies. If the value is positive (example: 5), then the TrailValue is added to the default trail value so the trailing price is at a further distance to current market price. If the value is negative (example: -5), then the TrailValue is subtracted from the default trail value so the trailing price is at a closer distance to current market price. The same as "TrailType" except this field relates to the trailing methodology of the 2nd position (if 2 trades were executed). Note: You can use the same trail type as the 1st position with a different trade value, or you can use a totally different trail type (trailing methodology). The same as "TrailValue" except this field relates to the trail value of the 2nd position (if 2 trades were executed). TrailingTimeFrame This field allows trailing for TrailType "4" (PSAR) and TrailType "5" (Moving Average) to be based on higher time frames. For example: You may be trading on the M15 chart and choose to trail using PSAR or Moving Average trails based on the 1-hour or 4- hour charts. Note: Symbols to use to denote time frames are as following; "Current" - Current Time Frame "M30" - 30 Minute Time Frame "H1" - 1 Hour Time Frame "H4" - 4 Hour Time Frame "D1" - Daily Time Frame "W1" - Weekly Time Frame AddSpreadForSell * Set to "true" if you want to add-in the average spread for the chart pair to the "TrailValue" value (for Sell trades only). This is to compensate for sell trades that close at the (uncharted) ask price. * Set to "false" if you do not want to add-in the average spread for the chart pair for sell trades. 12

13 TrailOnlyOnClose FirstMove FirstSL SecondMove SecondSL ThirdMove * Set to "true" if you want to only check for whether to update the trail stop loss at the end of each bar. Note: Technically, Metatrader only allows this check to be performed on the 1st tick of the new bar since MT gives no notification of a bar ending. * Set to "false" if you do not want to only check for whether to update the trail stop loss at the end of each bar. In other words, it will check whether to update the trail stop loss on every tick and therefore is based purely on price, not the bar close. The value (in pips) for the 1 st trade position (or sole position) before the stop loss is moved for the 1 st time and profit locking occurs. Example: The value is "50". The stop loss will be moved when the price has moved 50 pips in profit, based on the FirstSL. Note: It is displayed on the charts as "Target 1". The value (in pips) that the stop is moved to (positioned), for the 1 st trade position (or sole position) relative to Target 1. That is; the TA will move the stop loss of the 1 st position (or sole position), the value of "FirstSL", from the current price. Example: The value "FirstSL" is "15". The stop loss will be moved 15 pips from the current price. Note: The charts do not display "FirstSL". Instead, they display the pips that are in profit, using the title, "Profit Lock 1" (a representation of the equation "FirstMove minus FirstSL"). That is; using the above examples; 50 (FirstMove) 15 (FirstSL) = 35 (Profit Lock 1) The value (in pips) for the 1 st trade position (or sole position) before the stop loss is moved for the 2 nd time and profit locking occurs for the 2 nd time. Example: The value is "100". The stop loss will be moved for the 2 nd time when the price has moved 100 pips in profit, based on the SecondSL value. Note: It is displayed on the charts as "Target 2". The value (in pips) that the stop is moved to (positioned), for the 1 st trade position (or sole position) relative to Target 2. That is; the TA will move the stop loss of the 1 st position (or sole position), the value of "SecondSL", from the current price. Example: The value "SecondSL" is "30". The stop loss will be moved 30 pips from the current price. Note: The charts do not display "SecondSL". Instead, they display pips that are in profit, using the title, "Profit Lock 2" (a representation of the equation "SecondMove minus SecondSL"). Using the above examples; 100 (SecondMove) 30 (SecondSL) = 70 (Profit Lock 2) The value (in pips) for the 1 st trade position (or sole position) before the selected trailing begins. Example: The value is "150". When the price has moved 150 pips in profit, the Trailing Stop is activated for the 1 st trade position (or sole position) based on the Trailing Stop Criteria (Trail Type and Trail Value). Note: It is displayed on the charts as "Target 3". 13

14 SplitFirstMove SplitFirstSL SplitSecondMove SplitSecondSL SplitThirdMove The value (in pips) for the 2nd trade position before the stop loss is moved for the 1 st time and profit locking occurs for this position. Example: The value is "50". The stop loss will be moved when the price has moved 50 pips in profit, based on the SplitFirstSL value. Note: All 2 nd position Profit Locking values are displayed under the Trade Management 2 section. The SliptFirstMove value is displayed on the charts as "Target 1". The value (in pips) that the stop is moved to (positioned), for the 2 nd trade position relative to Target 1. That is; the TA will move the stop loss of the 2 nd position, the value of "SplitFirstSL", from the current price. Example: The value "SplitFirstSL" is "25". The stop loss will be moved 25 pips from the current price. Note: The charts do not display "SplitFirstSL". Instead, they display the pips that are in profit for this 2 nd position, under the Trade Management 2 section and using the title, "Profit Lock 1" (a representation of the equation "SplitFirstMove minus SplitFirstSL"). That is; using the above examples; 50 (SplitFirstMove) 25 (SplitFirstSL) = 25 (Profit Lock 1) The value (in pips) for the 2 nd trade position before the stop loss is moved for the 2 nd time and profit locking occurs for the 2 nd time. Example: The value is "100". The stop loss will be moved for the 2 nd time when the price has moved 100 pips in profit, based on the SplitSecondSL value. Note: It is displayed on the charts under the Trade Management 2 section as "Target 2". The value (in pips) that the stop is moved to (positioned), for the 2 nd trade position relative to Target 2. That is; the TA will move the stop loss of the 2 nd position, the value of "SplitSecondSL", from the current price. Example: The value "SplitSecondSL" is "50". The stop loss will be moved 50 pips from the current price. Note: The charts do not display "SplitSecondSL". Instead, they display pips that are in profit, under the Trade Management 2 section using the title, "Profit Lock 2" (a representation of the equation "SplitSecondMove minus SplitSecondSL"). Using the above examples; 100 (SplitSecondMove) 50 (SplitSecondSL) = 50 (Profit Lock 2) The value (in pips) for the 2 nd trade position before the selected trailing methodology is activated. Example: The value is "150". When the price has moved 150 pips in profit, the Trailing Stop is activated for the 2 nd position based on the Trailing Stop Criteria (primarily; Trail Type and Trail Value). Note: It is displayed on the charts under the Trade Management 2 section as "Target 3". 14

15 TRAILING METHODOLOGIES PSAR_Step The PSAR Trailing Methodology Step field with a value of 0.01 This is the value that influences the curvature of the sequence and therefore, the exit levels of the trailing price. The value can be changed to 0.02 for a tighter sequence that follows the current price more closely. Note: If the value is changed, you should also change the value in the template so it reflects what will be executed. PSAR_Max MA_Period MA_Shift MA_Method MA_ApplyTo MA_PeriodS MA_ShiftS MA_MethodS The default value is 0.2 and should not be changed. If you choose to change it, you should also change the value in the template so it reflects what will be executed. The value of the Moving Average Trail for the 1 st position (or sole position). The default value is 7. The curvature and speed of the trail can be changed. A value of 6 or less will result in tighter trail stops being used. A value of 8 or more will result in more liberal trail stops being used. Note: If the value is changed, you should also change the value in the template so it reflects what will be executed. The MA_Shift value should not be changed from the default value. But should you choose to change it, you should also change the value in the template so it reflects what will be executed. The MA_Method value should not be changed from the default value. If you choose to change it, you should also change the value in the template so it reflects what will be executed. The MA_ApplyTo value should not be changed from the default value. If you choose to change it, you should also change the value in the template so it reflects what will be executed. This is the value of the Moving Average Trail for the 2 nd position (or split position ). The default value is 21. The curvature and speed of the trail can be changed. A value of 20 or less will result in tighter trail stops being used. A value of 22 or more will result in more liberal trail stops being used. The MA_ShiftS value should not be changed from the default value. If you choose to, you should also change the value in the template so it reflects what will be executed. The MA_MethodS value should not be changed from the default value. If you choose to, you should also change the value in the template so it reflects what will be executed. 15

16 MA_ApplyToS CT_Num CT_Stop CT_UseMulti The MA_ApplyToS value should not be changed from the default value. If you choose to, you should also change the value in the template so it reflects what will be executed. The value of the number of successive candles before the trailing methodology is activated. Each candle in this succession must be; 1. Upward candles for Buy trades, or 2. Downward candles for Sell trades. Note: An upward candle is when the close price is higher than the open price. A downward candle is when the close price is lower than the open price. Example: A Buy trade with a CT-Num of 3 requires that once trailing is activated, there must be 3 consecutive upward candles for the trailing to commence based on the CT-Stop value. The value that specifies which candle to use for the placement of the trailing stop. Example: If CT_Stop is 2, the stop will be placed 2 candles back from the current candle. On a Buy, it will be placed at the High of the candle, 2 candles prior to the current open candle. On a Sell, the trailing stop will be placed at the Low of the candle, 2 candles prior to the current open candle. * Set to "true" if you want to use multiple candles to determine the stop. If this is the case, rather than using the candle specified in CT_Stop (eg: 3 rd candle back), it will use the candle with the greatest distance stop from the set of candles specified in CT_Stop. Example: You have a buy trade with CT_Stop set at 3 (that is; the low from the 3 rd candle back will be used as the stop), but CT_UseMulti is set to true, therefore the lowest low of the last 3 candles will be used for the stop (not necessarily the 3 rd candle back). * Set to "false" if you do not want to use multiple candles to determine the stop. If this is the case, it will use the candle specified in CT_Stop (eg: 3 rd candle back). Note: The opposite is true for Sell trades. That is; if true it selects from the high of the last number of candles based on CT_Stop. 16

17 UseLightColors DarkLabelColor DarkDataColor LightLabelColor LightDataColor DisplayExitSettings Corner1 StartingLine1 FontSize1 COMMENT DISPLAY * Set to true if you want the titles and data details displayed on the chart to use the LightLabelColor and LightDataColor fields. * Set to false if you want the titles and data details displayed on the chart to use the DarkLabelColor and DarkDataColor fields. Note: The default is true. If it is changed to false, then the chart background may need to be changed to a lighter color to provide contrast with the darker colors. The color used for the headings and values displayed on the charts. The color used for the sub-headings displayed on the charts. The color used for the headings and values displayed on the charts. The color used for the sub-headings displayed on the charts. * Set to true to display the Exit Settings (Trade Management & Trade Management 2) on the charts. * Set to false to not display the Exit Settings (Trade Management & Trade Management 2) on the charts. Note: The default value is true. The value relates to the corner of the screen where the Exit Settings will be displayed. The default is 0 which denotes the left-hand side. Changing the value to 1 will display Exit Settings on the right-hand side of the screen. The value that dictates where the Settings will be displayed on the chart from the top. The default is 2 however this can be changed to suit your computer and resolution. The size of the font displayed on the chart. The default is 8 and can be changed to suit your computer and resolution. SpacingXMult The horizontal spacing of the text displayed. The default is 1.1 however it can be changed to suit your computer and resolution. Note: Change to 1.2 or 1.3 to stretch out. Change to 1.0 or 0.9 to condense. SpacingYMult DisplayTrendInfo The vertical spacing of the text displayed. The default is 1.1 however it can be changed to suit your computer and resolution. Note: Change to 1.2 or 1.3 to stretch out. Change to 1.0 or 0.9 to condense. * Set to true to display the Higher Time Frame directions of trends and swings on the charts. 17

18 * Set to false to not display the Higher Time Frame directions of trends and swings on the charts. Note: The default value is true. Corner2 StartingLine2 FontSize2 LongColor ShortColor BothColor The value relates to the corner of the screen where the TrendInfo will be displayed. The default is 1 which denotes the right-hand side. Changing the value to 0 will display TrendInfo on the left-hand side of the screen. The value that dictates where the Settings will be displayed on the chart from the top. The default is 1 however this can be changed to suit your computer and resolution. The size of the font and arrows displayed in the TrendInfo area. The default is 15 and can be changed to suit your computer and resolution. The color of the arrows in the TrendInfo for upward arrows. The color of the arrows in the TrendInfo for downward arrows. The color of the arrows in the TrendInfo for bidirectional arrows. 18

19 AutonomousTrading Use2Step NoTradeCandles GENERAL EA * Set to true if you want to automatically enter trades for the pair. * Set to false if you do not want to automatically enter trades for the pair. Note: The default is false. That is; trades will not be entered automatically. Instead, a popup window will ask for confirmation to enter the trade. Some brokers, do not allow an order to be sent with a SL and TP specified. They require the client to open the trade, and then go back and modify the order to set a SL and/or TP. If your broker falls in this category, you must enable this setting. Note: If you are unsure, then set the field to true. This setting prevents the Expert Advisor from opening another trade for at least the number of candles set in "NoTradeCandles" based on the last trade that was entered. That is; If the field is set to 10, once the EA opens a trade, 10 bars would need to have passed before another trade is allowed to be opened. For example: If "NoTradeCandles" is set to 10 and a trade is taken on the 1-hour time frame at 8am, the software will not take another trade until 6pm - 10 bars after the last trade was opened. DisableAllAlerts Use UseNotification Slippage * Set to "true" if you want popup alerts displayed in Metatrader for your enabled trade setups. * Set to "false" if you do not want popup alerts displayed in Metatrader for your enabled trade setups. Note: This is a master alert feature and will over-ride any previous Alert fields for Trends and for Swings. * Set to true if you want to send yourself an with trade details when a trade is entered and when a trade is closed. * Set to false if you do not want to send yourself an with trade details when a trade is entered and when a trade is closed. Note: This function will only work if you have correctly set up your settings in your platform. * Set to "true" if you want to push notifications to your mobile device (via mobile Metatrader). * Set to "false" if you do not want to push notifications to your mobile device (via mobile Metatrader). Note: This function will only work if you have correctly set up your settings in your platform. This is the amount you will allow your broker to "slip" the price, on entry or exit. The default is "3". You can adjust this lower or higher if you wish. 19

20 MagicSeed TradeComment AddSprToComment This is any random number you wish. You can leave it on the default if you are not running any other automated trading systems on the chart. This value will be used in conjunction with a generated unique number based on the currency and timeframe so the concatenated number can "tag" trades to allow multiple trades in different pairs and/or timeframes without having to set the MagicSeed number differently each time. Note: This also allows multiple trades to be executed and consequently managed on different time frames on the same pair. However, any execution is dependent the chart being on the same time frame as it was when originaly entered. The text that will be displayed as the comment on each trade that is executed, including modifications. Note: It can be changed to another description/name if desired. * Set to "true" if you want the current spread to be noted at the end of each trade's comment. * Set to "false" if you do not want the current spread to be noted at the end of each trade's comment. This completes the explanation of all setting parameters. You should now be able to use the Trend Profiteer Trade Assistant and adjust the settings as you wish. The Trade Assistant is an excellent resource if you want to trade semi-automatically or completely automatically. For the record, I strongly advise you not to trade 100% automatically unless it s a temporary scenario on a pair you have been following. The optimum way to trade using an EA is to use the semi-automatic mode, so you retain full control over whether to enter a trade or not. Even the world s largest hedge funds have yet to build a system that can trade 100% automatically for long periods without any human supervision. If they can t do it, you should stick with semi-automatic and you will have a far greater chance of success. If you have any questions or if you need any kind of assistance, don't hesitate to seek assistance in the forum. Good trading & live well, 20