Brief Overview of the above settings

1. As in most Expert4x Robots we give the trader the option to reverse the entry logic.
2. The entry logic is based on a RSI hook. This setting determines the sensitivity of the RSI. The lower the number the more hooks possible and the higher the fewer hooks in the designated Over Bought and Over Sold areas.
3. The User can determine the Overbought/Oversold regions where valid RSI hooks will be recognized. It is a dropdown menu. The Higher the OBought number the fewer trades and the lower the more trades. Few traders could result in higher success rates.
4. The system used a Grid system. The Gap size determined the distance between the Grid lines. The smaller the number the more risk and the larger the number the less risk. This is a key setting as top up trades will occur at each grid level.
5. Lots for the initial entry determines the size of the initial transaction. The higher this number the higher the risk and the lower the number the lower the risk.
6. Top-up Lots multiplier is the amount by which the lots sizing for top up trades will be increased. A setting of 1 will result in no increase. A setting of 1.2 will increase lot sizing by 20% every time a top up occurs. For example if you start with 0.1 lots and use a 1.2 factor your top ups will follow this sequence: Start 0.1, next 0.12, next 0.14, next   0.17 ....   To activate a true martingale sequence you would use a setting of 2 (1,2,4,8...) True Martingale is not recommended.
7. Top trades to skip. How this would work is that if the trader entered say 2 into the setting and the gap size was 15 the EA would enter the first trade as normal but the second top-up would be 3 x the gap size i.e. 45 pips away (skipping 2 trades).Normal top-ups would happen like this 0, 15, 30, 45, 60, 75 …..This setting will cause top up to be 0, 45, 60, 75 …..The lot sizing would work like this. Normal say (increase factor of 1.2) 1, 1.2, 1.44, 1.72, 2.06, 2.48….Missed top-up approach using the above example: 1, 1.72, 2.48….
8. Initial: Take Profit in pips: This is the intended take profit for the initial trade. This is seen by the broker.
9. Initial: Hidden Take Profit: This is used if you want to fool the broker into believing that your initial Take profit is the true but the hidden one is actually your take profit. The broker does not see the hidden Take Profit.  So you may have an Initial Take Profit of 30 pips but trades will close at say 20 pips (if 20 is entered into this setting)
10. Trailing stop. The trailing stop has 3 components. When it should start (how much the trade should be in profit), How far the stop should be behind the profit and how often it should update the trailing stop.
11. Basket target for closure in dollars: This refers to case where there are many open trades for a particular currency (The basket of open trades). This setting tells the Robot to close the basket when it has reached a particular $ value in total. So when $20 is entered there might be $100 worth of negative trades and and $120 worth of positive trades when the basket is closed.
12. Basket target for closure in pips: This refers to case where there are many open trades for a particular currency (The basket of open trades). This setting tells the Robot to close the basket when it has reached a particular positive pip count in total. This setting also takes the lot sizing into account which complicates the calculation and makes it unpredictable. Rather use the Dollar amount if you can not understand the user manual description.
13. Portfolio: Closure at maximum loss. When an amount of say $1 000 is entered the Robot will close all trades when the drawdown for all open trades reaches $1 000. This setting is of particular value to Proprietary Traders but can be used for general loss management.
14. Markets to trade. The default currencies are: USDCHF GBPUSD AUDJPY EURUSD AUDUSD USDCAD NZDUSD EURAUD NZDJPY GBPJPY EURGBP EURJPY USDJPY. Traders are free to select their own currencies.
15. Maximum traded markets: This will restrict the number of active currencies being traded at once.
16. Maximum Top up Trades per market per direction is used to restrict the number of open trades per direction
17. Hedge the same market - this setting is used to prevent or allow hedging of the same currency cross.  Use the drop down menu. The hedging envisaged, applies to the case where there are already open trades in say a buy direction for a particular currency cross (EURUSD) and the Robot identified a valid sell signal. If hedging is allowed the sell will be entered.
18. Time of day and day of the week setting allow traders to be selective about the times they want to trade.
19. Tick scaling for CFD allow the robot to cater for the trading on non Forex instruments
20. Magic number is used when many versions of the Robot are traded on the same account.
21. Remember to save settings that you may want to re-use.