How It Works
After successfully loading the history for all the specified instruments and time frames, you will see a table of signals on D1. The current symbol displayed in the chart and the chart time frame are highlighted in a darker color. A click on a TF name (next to any symbol) takes you to the corresponding chart in the current window. If you click on the icon of any of the signals, an additional trading panel will open for you to trade and manage positions. Specify the necessary parameters and click “Apply” – all the parameters will be saved and restored if the Expert Advisor, terminal or computer is restarted. The relevant signal will in this case be outlined. Entry and Stop Loss levels will be marked with lines.
After saving the parameters of a given signal by clicking on the “Apply” button, you can proceed to enabling the next one. If you click on “Reset”, all settings will be reset to default values, whereby trading based on the given signal is disabled. To enable trading, you should again set the parameters and click “Apply”. The signal will become outlined and monitored by the Expert Advisor. All other signals that you intend to use to enter the market are set in a similar way. Once this is done, you can hide the window by clicking on the cross or any inactive signal, in which case the signals continue to be monitored by the Expert Advisor that tracks all activated entries and responds to market changes.
Trading Using the Expert Advisor
The Expert Advisor identifies a trading signal in line with the strategy and displays it in the table. To view the signal, you should click on the icon of the time frame on which the signal is displayed. The chart will switch to the required time frame with the set of indicators you saved for the corresponding template. If you additionally bought a complete set of indicators for the strategy and saved them to the template, the modified indicators will show this signal in the chart.
There are preliminary signals on an uncompleted candlestick and formed signals confirmed by closing of the period. Preliminary signal function is provided to prepare the trader for a signal. If the trader likes a preliminary signal, he can immediately activate the Expert Advisor to trade on this signal. To do this, you need to click on the signal icon and then click “Apply” in the trading panel. The icon will get outlined. If the border is red, it means that sell signals are accepted, if the border is green – buy signals.
From that moment on, the Expert Advisor will track this signal. If the signal is formed, the Expert Advisor will set the virtual pending order, as well as the Stop Loss based on this signal. After setting pending orders, the chart will show dashed lines indicating entry levels, Stop Loss and Take Profit. The Expert Advisor will enter the market at the signal level breakout. After entering the market, the name of the instrument in the table will be highlighted with the relevant color: green indicates a buy position, whereas red suggests a sell position.
If the signal is canceled, the Expert Advisor will stop tracking the signal and will not enter the market. The frame of the signal icon will in this case disappear. The trader may cancel the market entry by clicking “Reset”. Thus, the trader has the possibility to get all major signals in a single window and automate signal-based trading. Besides, it allows you to avoid the danger of entering the market using a canceled signal.
While trading, the trader can add positions based on trading signals in the direction of an open position or reverse based on the opposite signals, as well as use automated trading for multiple instruments at the same time, without opening additional chart windows. This offers significant risk hedging opportunities in trading.