- Candle Length Difference between the highest and lowest bars (in points) determining trade open for this price levels.
- Multi Currency Entry True means Multi Currency entry trades are allowed. False means not allowed.
- Symbol Choose Multi Currency symbol.
- Candle Length This is the difference between the highest and lowest bars (above that symbols pivot).
- Profit Deviation The difference between pivot price level and profit deviation = Take Profit. Number multiplies spread.
- Loss Deviation Difference between pivot price level and loss deviation = Stop Loss. Number multiplies spread.
- Traded Charts Number of charts Turbo Pivot Trader is currently loaded in.
- Risk In Percent Account Balance Risk value (in percents of start up funds) that is to be used for trading and auto-calculating lot size.
- Trade Identity Number Vary this number (per setting) if more than one settings (of a particular symbol) are to be concurrently traded in different charts.
Now after optimization and after having selected the setting with lowest drawdown, trader can smoothly switch from Trade Match 1 - 3 and get wonderful trade results in each of these modes.
Please Optimize Periodically
Trade Match 0 - Dummy Mode.
Trade Match 1 - Convergence/Divergence Mode.
Trade Match 2 - Trending Mode.
Trade Match 3 - Scalping Mode.
0 - Dumb Trend follower
Utilizes very little technical analysis. Use this mode if only you are sure of the current trend and want to automate your trades. Although the trades would be duly managed, the trader must monitor the trades and ensure to turn it off soon after wards. No need to optimize.
1 - Convergence - Divergence Trading Mode.
Open trades when there is a price convergence / divergence. Optimize!
2 - Frequent Trading Mode
A specialized trend follower Open trades more often than Trading Mode 1. Optimize!
3 - Scalping Trading Mode
This mode is based on the trading modes 1 & 2 entries. It is intended to be a high frequency trading scalper - just picking very little profits. Optimization would be of great advantage.
i.e. Lot = minimum lot * minimum lot multiplier.
0.01 Lot = 0.01 * 1.
0.1 Lot = 0.01 * 10.
1.0 Lot = 0.01 * 100.
10.0 Lot = 0.01 * 1000.
100.0 Lot = 0.01 * 10000
Please Optimize parameters thoroughly and settle for the most stable settings for each trading mode - 1,2 & 3. Save appropriate settings and deploy appropriately. Note: Do not use default trade mode 0 settings for trading. Please see samples of settings and optimization template.
Introduction of Trade Entry Modes
Value 1 - Trading With Indicator Combinations 1 - Optimize.
Value 2 - Trading With Indicator Combinations 2 - Optimize.
Value 3 - Trading With Indicator Combinations 2 With Minimal Profits - Optimize.
Main Chart Spread
This is a fixed input value. This value may be equivalent to the value of the spread but it must always be kept constant as so many other parameters depends on it.
If the chosen multi-currency symbols have much similar symbol properties (ex. - all forex), then a common main chart spread value is okay. On the contrary, if the chosen multi-currency symbol properties are different (mixture of forex, metals and commodities), then the candle levels for each multi-currency pair must be carefully selected. For instance, since the spread value for 5 digits forex symbols are similar, a default 'Main Chart Spread' of 30 (3 for 4 digit) is okay. This value will easily determine the candle levels of other forex symbols.
Again, in the case of combining forex symbols with commodities, cryptos, etc ... this value must be well checked.
By way of improving trade stability, this new version has been doped to trade with our custom indicators - Combo Trender and Holy Trinity Volatility indicators. Default values of the settings (FatherPeriod, SonPeriod and HolySpirit) are sufficient.
To Use this Market Entry feature, turn Indicator Confirmation 'TRUE'.
Volatility Force - This value measures the strength of viable directional price movement. it is a timely coefficient which determines optimum trade profitability. Extension Force is a key variant of Volatility.
Extension - This value determines the entry interval of Bars within which the significant price movement is expected to occur. It is a key variant value of 'Max Turbo Life In Hours'.
Risk Manager Settings
Min Lot Multiplier - This value multiplies the minimum lot (for current trading symbol as). This way E.A. can be used in any trading symbol/chart/instrument.
Prime Momment - This value multiplies the value of the set lot. It comes into play when there's an ample profiting opportunity. The value 3 is most ideal.
My Fixed Orders - This value determines the number of trading lots that is opened at a time. Note: There is a maximum of seven trade entries (for a buy or a sell i.e. 14 for buy and sell). Thus the value 'My Fixed Orders" multiplies a maximum of 14 entries.
Risk Exposure Percent - Enter the value of desired risks in percents.
Traded Charts - Enter the number of opened charts for which E.A. is attached.
Mystery Quotient - This input has a maximum value of 1000, lower values (in 50's) may present a smoother curve.
Trade Identity Number - Vary this number for each favorable E.A setting intended to be attached to a chart.
Please Optimize E.A. to adapt settings to Main Trading Chart Symbol.
Introduction of Mystery Quotient - a stabilizing value. Set Input Range (between 50 and 250) for optimum performance.
With this New Version, please ensure to test and optimize the EA with the actual amount intended for deposit.
Introduction of the input 'Mystery_Quotient' - a must optimized stability variable.
Much Lower draw downs.
Please optimize before usage.
It is better suited for multi-currency trades.
Please optimize within reasonable intervals.
Non Turbo Entry
Multi Currency Entry
Turbo Charged Entry