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- Set the maximum spreads.
You can set a maximum spread. if current spread is higher what you set for then it will not open trades.
(So brokers cannot cheat on you)
- Hidden pending settings.
buy and sell pending orders (hidden for brokers)
Pending distance is a different the 2 blue line.
Close pending after minutes. Example if trade not opens in 1 minute then set a new pending order.
0.1 = 6 seconds
0.2 = 12 seconds
0.3 = 18 seconds
0.5 = 30 seconds
It's totally hidden so the broker cannot see what is your strategy.
(So brokers cannot cheat on you)
- Profit target settings.
This is a dollar amount for every 0.01 lot size.
Example if you set for 0.01 and you trade with 0.05 lots size then will close the trade with 5 cents + steps.
Take profit steps is works like a trailing stop but in dollar amount. 0.01 is 1 cent
- Keep trades open.
Example if you et this for 90 then it will keep a trade open for a minimum 90 second.
(Some brokers have rules for scalping. Example, if you are scalping trade, must be open for at least 60 seconds)
- Auto Lot size.
If you set true then it will use auto lot size.
Amount per base lot is a dollar setting.
Example if you set for 0 then it will open 0.01 lot site for every $30 balance you have. if you have $100 balance then it will open trades 0.03 lot size.
(This setting is great as your balance is growing your trading lot size also growing automatically)
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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.