OVERVIEW OF TREND ENTRY

How to download

I suggest using a VPS if you know-how but if you don't purchase the cloud service here and reach out to me on beta group and  I can personally install the bot on your behalf. 

SKYDECK USER - https://www.skydesks.com/engine/channel/fxsocial & pick the FX Social Membership for $15 monthly not the regular MT4 for $10

DOWNLOAD LINK VPS USER - https://we.tl/t-cYtGhpjCH3

WHAT IS TREND ENTRY INDICATOR? 

TREND ENTRY is a fantastic indicator I created to help customers spot trends & entries n the market. You can go long for a buy when the signal is above the green line & cloud; you can go for a short sell when the signal is below the red line & cloud.

WHAT IS THE TREND ENTRY AUTOTRADER? 

TREND ENTRY uses the algorithm to trade on your behalf...using the rules we set in place! What makes this auto trader different from most is that it uses stop loss, perfect risk to reward & picks your lot size based on potential loss.

Most EA doesn't use any risk to reward, don't have a stop loss & use a feature called martingale to recover losing trades. The issue behind that is you can easily blow an account in poor market conditions. 

 TREND ENTRY FEATURES

The basic features like time, days & news are self-explanatory, so I will explain the components that affect how the bot trades. 

LOT TYPE

Autopilot basically means you will allow the bot to pick the lot size based on three factors. Stop loss, balance & the risk you set per trade for example, if the balance is $1000 and you set the risk to 3%, meaning you could potentially lose 30 dollars. Depending on the stop loss will determine your lot size!

30 pip stop loss would be 0.10 ($1 per pip)
10 pip stop loss would be 0.30 ($3 per pip)
60 pip stop loss would be 0.05 (50 cents per pip)

Because the goal of the bot is to adjust what you risk per pip to still lose $30

Lot as % Equity

Determines what you're willing to risk per trade. So, for example, if you put 1.0 you're telling the bot to risk 1% per trade, but if you put 3.0 you're telling the bot to risk 3% per trade!

1.0 the standard
2.0 Aggressive
3.0 Super aggressive

Min Equity to Trade 

This feature is to help protect the account, meaning if the balance reaches, for example, $1000 to close all trades and stop trading. Let's say, unfortunately, your account goes from $2500 to $1000. Then, the bot will cease trading.

Risk to reward

Risk to reward is one of my favorite features, basically depending on the risk to reward you set will determine the take-profit. The stop-loss is placed below the last low or high. Depending what you set your risk to reward will determine the placement of the take-profit.

Example 1.0 means you would like the take profit equal to the stop loss, but if you put 2.0, you would like the take profit to be double the distance—for example with a 2.0, if the stop-loss is 30 pips, the take profit will be 60.

SL Distance in pips from High/Low 

SL Distance in pips from High/Low - How many pips would you like to add above the high or below the low. -example, the stop loss was ten pips, and you put 15 pips, your stop loss would be 25 pips total;

SL Reference candle

What candle you would like the SL to reference the low. Entry candle means if you set the stop loss to 15 pips, it would be 15 pips below the entry candle, but if you do, it will be 15 pips below the amount of candle previously from the entry. - example, if you picked 5, it would do 15 pips under the 5th candle

SL Set Candle

Determines how many candles if you picked set

Use Breakeven

Breakeven will move your trade to break even when meeting specific requirements. 

BE Percentage of risk to reward

When breakeven is set to true, you can tell the bot when you would like it to move the stop-loss to breakeven; for example, if your take profit was 60 pips & you told the bot at 50% of the trade, move my stop loss to break even. Then, when the trade moves 30 pips in profit, your trade becomes risk-free!

Partials at breakeven 

When set to true the trade will close some of the profits in an open trade once it reaches breakeven—now locking in profits & making the trade risk-free. 

Partials %

This determines how much profit will be taken, for example, once breakeven activates & you have $200 in profit. If you set it to 50% it will close $100 in profit and move sl to break even.

I suggest using the breakeven & partials feature if you plan to swing trade, for example, doing 3.0-5.0 risk to reward.

Stop-loss limit range

Market conditions are different with every trade so sometimes you may get a trade with a big stop-loss. If you would like to avoid it before the bot enters the trade, you set the max stop loss to 60---for example, if the stop loss was 65 pips, it would ignore the trade and not enter.

MAX TRADES

The number of pairs you will allow open at one time.

TRADING DAYS

Days set to false the bot will stop looking for signals

Trading times coming soon

Ichimoku cloud

determines the trend of trade if the trend changes it will close the trade early on profit or loss.