NB: DEMO is not intended to test your indicator’s profitability but it is provided to test if our Automater can be used to automate your indicator. If it makes few trades, then it means it works and then you can go ahead and buy the full version with confidence.
DEMO Version Limitations:
- Works only on DEMO accounts
- Only limited no of trades per run
2 Min Quick Guide
Indicator used in the above video (this is a third party indicator): https://ufile.io/ttbm8gaf
Using Set Files (Templates)
Set files are not customized for your indicator but they provide background settings for each given scenario. You need to add your indicators buffers/object details before you can use these set files. All set files except 4th set file use ATR based stop loss which you can disable under Setting 25. All set files use lot size as a % of balance which you can disable on Setting 21. We can recommend you try one of the first two set files first. We recommend you try one of the first two set file templates and compare the results with your own custom setups before deciding on the one to be used.
Set file 1=> Default – Entry Optimizing (DCA) Based on Opposite Signals
This is the default; even if you do not use any set file, Automater has these settings. In this case, when the price goes against us we open additional trades whenever a new signal in the same direction is provided by your indicator/s. Therefore, the trades are not closed by stop loss and there can be more than one trade at a given time and the TP will be based on the average price based on DCA (Dollar Cost Averaging).
Set file 2=> Entry Optimizing (DCA) Based on SL
This is same as the previous one; the only difference is that you open additional trades based on the stop loss distance set under our SL settings rather than opposite the signals from your indicator/s. everything else is the same.
Set file 3=> One Trade per Signal with TP & SL
This is the classic method, whenever your indicator/s gives a signal, the Automater will open a trade with TP & SL as defined under the settings. There will be only one trade per signal. However, this method is unlikely to be profitable unless you have a great indicator/s with a good win rate. We recommend you try one of the first two methods first and compare the results.
Set file 4=> Signal to Signal Trading
In this case, we enter a trade when a signal appears based on your indicator/s and we only close the trade on opposite signal and then open a new trade on the new direction. So there is no take profit or stop loss here. There will be only one trade per signal. The lot size is fixed in this case at 0.01, which you may change on Setting 20. However, this method is also unlikely to be profitable unless you have a great indicator/s with a good win rate.