Neptune User Settings

The user settings explanation will help you configure the Neptune automated trading strategies so that they perform as best as possible over various market conditions.

General

Unique Name: This will allow you to run multiple cBot instances of the same symbol, but with different parameter settings and they will all work independently.

Disable Warning: If a different symbol is used other than the one stated in the cBot name a warning message appears, this setting disables the warning message.

Position Sizing

This is a list of settings that allow you to configure your position size.

Type: This allows you to set 4 different types of trade size calculations, apart from the fized lot size, all calculations use the stop loss.

• Fixed lot size, each trade will open with a fixed size in lots.
• Equity, the trade size will be calculated as a % of the account equity.
• Balance, the trade size will be calculated as a % of the account balance.
• Cash, the trade size is calculated as a cash value.

Position Settings

This is a list of settings that make up the stop loss risk and profit targets.

Buy & Sell Only: You have the option to trade only buy trades, sell trades or both, this is extremely useful when you have identified a long term trend is bullish, so you go with the trend and only open buy trades, it is best to experiment on a backtest.

Stop Loss Max: This is the maximum stop loss value in pips, the system will dynamically change this value using an internal algorithm, so these values are not fixed.

Take Profit Max: This is the maximum take profit value in pips, the system will dynamically change this value using an internal algorithm, so these values are not fixed.

Risk Management

The Neptune trading system benefits from some risk limiters to protect your account.

Same Symbol Filter: If set to yes then if you have another currency pair open and trading that is the same symbol as the trade you wish to open, it will stop the trade from opening. For example, a currency pair is open EURUSD, the trading system attempts to open a pair GBPUSD, it will fail as the pair already open contains USD.

Single/Trade Account: Use this feature if you only want a single trade open at any time for all 10 trading robots, this is useful for small accounts or when you wish to keep your drawdown to a minimum, as the cBots do not open many trades per year, it is not often anyway there will be many trades open for all 10 cBots.

Max Spread (pips): This helps reduce risk and drawdown by not opening trades when the spread widens like on Fridays and weekends. Spread filter request.

Equity Stop Target & Value: If selected the robot will stop trading and close all open positions when the total equity that includes trades that are still open reaches your lowest account equity target for the day, an example would be your balance is 1000, you have losing trades so that if you were to close all open positions would leave you only 900, so your stop target is 900 and when the equity drops to this value the robot will stop and trades close.

Equity Profit Target & Value: If selected the robot will stop trading and close all open positions when the total equity that includes trades that are still open reaches your highest account equity target for the day, an example would be your balance is 1000, you have winning trades so that if you were to close all open positions would leave you in profit at 1200, so your profit target is 1200 and when the equity reaches to this value the robot will stop and trades close.

Trading Hours

Use this option if you wish the robot to trade only during the start and stop time set below, please specify in digits only, your options are 0 - 23, do not use 0 or 24 as this is not accepted.

Trading Hours?: turn this feature on or off.

Trading Starts: set a number in hours 0-23

Trading Stops: set a number in hours 0-23

Trailing Stop Loss

This feature helps reduce drawdown and lock in profits, the fixed take profit targets are adjusted on each candle close which is usually every hour, this feature will trail the stop loss behind the price and continue to lock in profits using the step setting until the price reverses, the stop loss is updated each incoming tick of data, so you do not need to wait for the candle to close before the stop loss ends up a take profit.

Trigger pips: The number of pips in profit before the trailing stop is activated.

Step pips: The number of pips that need to be gained after the trigger in order to move the stop loss, a step of 5 means the stop loss will be moved locking in the profit every 5 pips.

Turbo Mode

If you select "Yes" the trading system will boost the net profit and the number of trades, this can provide a much higher return of profits, but at the same time it may also increase your risk, we advise that you experiment using different timeframes with this option turned on and off. With turbo boost turned on more than 1 position can open at the same time so you can end up with multiple open positions, with turbo boost turned off, the robot will only ever have 1 position open at any time.

Max Trades Open: This is the maximum number of trades that will be open at the same time while using turbo mode. Sometimes the turbo mode can go a bit crazy and open many positions at the same time if it feels there is a strong trend signal, this setting will limit the number of positions that the robot will open.

News Manager

The cTrader Forex News Release Manager provides signals to pause your robots (x) minutes before, during and after a major news release. The News Trade Manager Product is required for this feature to work.

Download News Manager

Close on News: If you choose 'Yes' it will also close all open positions for this symbol only before a high impact news event.

Telegram Alerts

This cBot will send a Telegram message to your account when a trade opens, in this section you can configure your settings and turn this feature on or off.

• How to Confifgure Telegram

Optimizer Values

All of the remaining settings are the trend indicator values, these are used with the optimisation application to find the best backtest settings. Makwe sure you watch the video and guide on how to optimise a Neptune Algo Strategy.