A+ R A-

 

 Parameters Setup


                                                                                                                                                              

-----------------
 
Stop Loss Exit %    (1)
 

Stop Loss Exit is always set below break-even. It is the first protection of the trading account. When account equity declines without reaching the first target level, it will stop out the session.
    
Example: If it is set to -4 and the account is 5000 then the session is stopped out at 4% below break-even, the account balance will then stand at 4800.
   
  It is recommended to start the set up of all level parameters from the bottom of the RMM Robot for a better view of all the levels.
Stop Loss Exit %  being the bottom and Target Exit %  being the top. After all these basic parameters are done, then continue with the other additional parameters for the complete setup of the risk & money management strategy.
 
  -----------------
 
Target Level 1-5 and their associated Stop Loss Level 1-5.    (2)
 
The setup of all the "Target Levels" and "Stop Loss Levels" are based on a percentage (%) of the account balance. Minus (-) before the value indicates it is "below" break-even. A zero (0) is "even" with break-even. A positive value indicates that it is "above" break-even.
   
Targets and stop loss levels come in pairs. Target levels should be set to have a higher percentage value then the stop loss levels for the pair. Both can be set to equal value if the intention is to be stopped out permanently on that level. The Target level when reached will trigger the associated Stop Loss Level, and it will move up the stop loss from the previous stop loss level.
 
Example: Target Level 2 set at 3, when the account equity hits 3% above break-even it will awake “Stop Loss Level 2” set at 1, and it will move up the stop loss from the previous level (which in this case is Stop Loss Level 1). If the account equity is retracing without reaching a higher target level, it will stop out the session at “Stop Loss Level 2” at 1% profit above break-even.
 
   If the trader only wants to use part of the levels, for example 1-3. The 4-5 stop and target levels can be set extremely high or low to ensure they will never be triggered, 1000 or -1000. This can be useful in a testing environment as well.
   
  ----------------

 

Target Trail    (3)
   
This parameter is set at the point "above" break-even where trailing starts of the account equity. Usually this is set before “Target Exit %”
but it can also be set anywhere above break-even, between levels. The default 0 will disable Target Trail.
   
Example: If set to 8 and the account balance is 5000 it will trigger at 5400 and will awake Trail Distance.
For every advance by 0.50% (Trail Distance) a new stop loss will be created at a higher level.
   
   
Trail Distance    (4)
    
Trail Distance sets the distance to the “Target Trail”. When the equity retraces without reaching a higher level, the session will be stopped out.

Example: If set to 0.5 and the “Target Trail” is set at 8%, 5400, it will follow the “Target Trail” with a distance of 0.50%. For every advance by the “Target Trail” of 0.50% a new stop loss is set at a higher level. If the equity is then retracing to 0.50%, it will stop out the session. The default 0 will disable “Trail Distance”.                                                                                                                                                         
 
 -----------------

 

 Target Exit %    (5)
 
Target Exit is the highest point that the account equity reaches before exiting and being stopped out of the session.
 
Example: If set to 10 and the account balance is 5000 and the account equity reaches 5500 the session will be stopped out.

 

 ------------------

 

*** MM Setup Days ***    (6)
 
This sets the parameter on how many days the Money Management RMM Robot is intended to run. The robot is not stopped after those days are expired. To stop the robot, it needs to be done manually.
 
  ------------------
 
 Account Balance    (7)
 
The Account Balance parameter needs to be manually entered. This is exactly with the same value as the trading account balance.
If there are any open positions before starting the robot and the desire is to keep those opened within the protection of the RMM Robot, the account balance should be used. Use the account equity value if the starting point for the RMM Robot is at equity level.
The account value needs only to be entered once for the entire trading session, before the start of the robot. If it is a daily session then once every day; a weekly session then once every week; monthly session then once a month, or any length of the session.
 
   -----------------


Risk per trade %    (8)
 
Risk per trade Is set in the percentage of the account equity that is at risk, per single position. The default is 1.
 
Example: If set to 2 and the account equity is 5000 and a position is stopped out, the loss will be 2% of the account equity. Then the account will stand at 4900.
 
 
Stop Loss in pips    (9)
 
Stop loss in Pips is the amount of pips a position is stopped out at, for a single position. The default is 20.
 
The above parameters gives information on the "lots" to be traded based on “Risk per trade %” and
Stop Loss in pips.
 
There are no orders placed. Only information shown on the screen are based on those parameters.
 
 
Risk per trade, value    (10)
 
“Risk per trade, value” is the risk in value of the the account equity.
 
Example: If it is set to 150 and the account is 5000 and a position is stopped out, the loss is 150 and the account will stand at 4850.
 
There are no orders placed. Only information shown on the screen is based on this parameters.
 
    
Trade: 1=%, 2=Value    (11)
   
“Trade” will display on the screen if the lots to trade is based on a percentage or value. Default is 1. If it is set to 0 the lots will not be displayed on the screen.
 
  -----------------
   
Spread Alert    (12)
 
The parameter is set to give information when the spread for the currency pair is in a specific range. The default 0 will disable the spread alert.
 
Example: If it is set to 0.3 this displays the spread in positive color from 0.3 down to 0. It is displayed in negative color if the spread is higher then 0.3.
 
  -----------------
 
Free Margin Alert %    (13)
 
Free Margin Alert parameter is set at the lowest level allowed. Before it will close positions or displaying an alert on the screen. The default 0 will disable the alert.
   
Example: If it is set to 6 it will close open positions if “Margin Close” is set to Yes, when 94% of the total margin is used up.


Margin Close    (14)
 
When the “Free Margin Alert” is triggered, the default No will not close any positions. It will only display on the screen in negative color, the free margin available.
   
Example: If it is set to Yes it will close open positions when 94% of the total margin is used up, if “Free Margin Alert” is set to 6.
If “Margin Close” is set to No, no positions will be closed. 

 
   -----------------

 

Lots Alert    (15)
 
“Lots Alert” is set to alert when the total open positions maximum lots are reached. It then will close the last position or display an alert on the screen. The default 0 will disable the alert.
   
Example: If it is set to 3.5 it will display an alert on the screen in negative color, when the lots are 3.5 or more, if “Lots Close” is set to No.


Lots Close    (16)
 
When the “Lots Alert” is triggered and this parameter is set to the default No it will not close the last position. It will only display on the screen in negative color the total lots.
   
Example: If it is set to Yes it will will close the last position when the “Lots Alert” threshold is reached.

 

  -----------------

Message Alerts >    (17)
 
The “Message Alert >” is to alert when a predefined equity in value or percentage is reached above the starting account balance.

 
Message, 1=value, 2=%  >    (18)
 
The Message sets the desired message to be displayed on the screen based on the value or on a %.
 
Example value: If the account balance is 5000, set the “Message Alert >” to 5250 and “Message”, 1=value, 2=%  >” to 1, it will give an alert on the screen when the account equity value of 5250 is reached.
   
 
Message Alerts <    (19)
 
The “Message Alert <” is to alert when a predefined equity in value or percentage have declined below the starting account balance.
If percentage is used it needs to be written with a minus (-) in front (-1.75%).
 
Message, 1=value, 2=%  <    (20)
 
It sets the message to be displayed on the screen based on the value or -%.
 
Example %: If the account balance is 5000, set the “Message Alert <” to -2 and the “Message, 1=value, 2=%  >” to 2, it will give an alert on the screen when the account equity has declined 2% to 4900.
 
  ---------------

 

Levels, 1=show, 2=%    (21)
 
The parameter will show or hide the different stop and target levels on the screen. The default 1=show, displays the basic setup. It is usually used when setting up the RMM levels or if space on the screen is limited.
 
2=% , this displays the advanced level setup on the screen, and it is normally used when running the RMM Robot. The last percentage on the Stop Loss Level is how much is left to its associated Target Level. The last percentage on the Target Level is how much is left to the next Target Level, 0% indicates it has reached those levels.
 
If the parameter is set to 0, it will hide showing the different levels on the screen.

 

  ---------------
 
 Stop Out: 0=All, 1=L, 2=W    (22)
 
When the session is stopped out this parameter sets different options at the stop out.
 
0=ALL, close all positions, default.
   
1=L, close only losing positions.
   
2=W, close only winning positions.
 
 
Stop Out Trail Trigger    (23)
 
When the session is stopped out and the parameter “Stop Out: 0=All, 1=L, 2=W” is set to 1 to only close losing trades, or 2 to only close winning trades. This parameter sets a trail trigger of the remaining positions. If it is set to the default 0, the trail will be triggered immediately.
 
 
Stop Out Trail Distance    (24)
 
It sets the distance of the trail to the “Stop Out Trail Trigger”. When the equity retraces it will stop out the rest of the positions left after the the initial stop out of the session. When set to the default 0, there will be no trailing of the remaining positions.
 
  -----------------

 

Close Positions Winners    (25)
   
It sets when to close winning positions above or below break-even. When it is set to the default 0 it will disable the closing of winners.

Example:  If it is set to 1, it will trigger to close winning positions 1% above break-even. If it is set to -1 it will trigger 1% below break-even.


Winners Profit    (26)
   
It will set the percentage a winning position must be in to be eligible to be closed, when “Close Positions Winners” is triggered.  
The default 0, will close on even or a higher percentage.

Example: If set to 0.85 it will close a winning position only if it reaches 0.85% or more in profit. If less then 0.85% it will not close the position.

-----------------

 

Close Positions Losers    (27)
   
It sets when to close losing positions above or below break-even. When it is set to the default 0 it will disable the closing of losers.

Example:  If it is set to 1, it will trigger to close losing positions 1% above break-even. If it is set to -1 it will trigger 1% below break-even.


Losers Loss    (28)

It sets the percentage a losing position must be in to be eligible to be closed when the “Close Positions Losers” is triggered.  
The Default 0, will close on even or lower percentage.

Example: -0.75 will close a losing position only if it reaches 0.75% or more in loss. if less then 0.75%, it will not close the position.

 

  -----------------

 

Cancel Orders    (29)
   
It will cancel all pending orders if it is set to 1, when the RMM Robot is stopped manually. If set to the default 0, all orders will still be opened.

 

  -----------------

 

Send Email     (30)   Coming in a future release!
   
If set to Yes , emails will be sent off when the RMM Robot has stopped out of the session. If set to the default No, no emails will be sent.
This is useful when on the go or the RMM Robot is running on a VPS server in the background and the trader needs to know how the session is progressing by receiving an email . The information in the email contains: Time and date when the stop out occurred, the Stop Out Level, account balance standing and stop out percentage. There is a slight difference between the real stop out percentage, balance standing and what is seen in the email received. This can be explained by the latency and the fast moving account equity when being stopped out.

The email settings in cAlgo needs to be enabled and filled out. In cAlgo go to Preferences > Email Settings.
For the Google mail server to deliver the email, the following information needs to be entered. Check mark: Enable E-mail, Use SSL and  
Use authentication. Server (SMPT): smtp.gmail.com, Port: 587 or 465. User name and password to the Gmail account.

 

  -----------------

 

Play Sound   (31)
   
To enable playing sound files, set the parameter to Yes. The default No will disable playing sound files.
When the RMM robot has stopped out of a session a sound file is played to inform the trader of the instance at hand. The sound files can be replaced with the traders own sound files (.wav). The original file names need to be intact. If replacing sound files make copies of the original sound files.

 

  -----------------

 

Stop Robots   (32)  Coming in a future release!
   
When the RMM Robot is stopped out of the session it can also stop other robots running at the same time. Third-party software Robotlink can be used to make this happen. Normally all other robots should be stopped at the same moment the RMM Robot is stopped out. This will protect the trading account according to all the parameters setup, without other robots making new positions. By setting this parameter to Yes it will enable Robotlink plugin to stop the other robots. Some Robotlink code is necessary to be inserted into the other robots code as well. The default No, disables the ability by the RMM Robot to stop other robots.

 

  -----------------

 

Stop RMM Robot   (33)
   
This parameter stops the RMM Robot if it is set to Yes, after being stopped out of the session. It's useful in a testing environment if the desire is to let other robots place positions after being stopped out, or to be able to place positions manually. If enabled the RMM Robot will not protect the trading account after the stop out. This parameter is in priority of the Stop Robots parameter and disregards it even if it is set to Yes. Other information on the screen when being stopped out, then will not show either. Use with caution.
To let the RMM Robot handle all the risk & money management scenarios, this parameter should normally always be set at the default, No.


  -----------------   

                                    

Subscription Date   (34) 


If the “Subscription Date” parameter is set to Yes, it will show on the screen when the subscription of the RMM Robot will end. If set to No (default) no date is shown on the screen. A reminder that the subscription is ending on the last day will be seen on the screen regardless if this parameter is set to Yes or No. The subscription needs to be renewed to be able to have the RMM Robot to protect the trading account.

 

  -----------------  

 

Latency-Slippage %   (35)

It sets as a percentage to add up for latency to the brokerage firm and the slippage that can occur at times when being stopped out. If for example it is set to 0.1, it will add 1 tenth of 1% to make up for the above problem. Also, if one is trading with a slow internet connection this parameter is useful. The goal is to get as close to the 5 stop out levels entered in the parameter setup, this can be achieved by adjusting this parameter. 

 

-----------------

 

                                                                                                                                                             

Easy, quick setup

------------------------

Over 40 parameters!

9 To streamline the strategy and protect the trading account.

Intuitive setup of parameters!

Lock in profits

----------------------

On multiple levels!

4

Multiple target levels keeping profit.

Lock in the winnings.

Secure accumulated gain!

Guard the account

-------------------------

Against draw downs!

1

Minimize risk with

multiple stop loss protection.

 Trade safe and protected!

Custom strategies

-------------------------

Build a strategy!

6

Customize the strategy.Personilize

it, and build.

Unlimited possibilities!

 RMM Screen

-------------------------------

30 trading indicators!

8 Control the trading session. Be in charge of the out come.

 Trade with confidence!