General information
AgenaTrader++ plusplus represents the more advanced versions of AgenaTrader with innovative features for professional trading.
This includes semi-automatic setup and trade management components, integrated risk and money management with automatic order sizing, signal scanner and other functions.
The following AgenaTrader++ versions are currently available:
The following sections provide an overview of the various functionalities of AgenaTrader++. Each description can be found within the submenu for the appropriate version.
Please consult the product description if you wish to get more information about the content of this version.
AgenaTrader++ strategies and function as well as the scanner only work during regular exchange trading hours which are set in the marketplace escort. Outside this trading hours all AT++ functions are deactivated.
Trading with AgenaTrader++ (plusplus)
When AgenaTrader++ (plusplus) is activated within a list chart group, the following popup will appear:
You will be asked whether you wants to start the AT++ for the current instrument, for several selected instruments from the list or for the whole List Chart Group.
Important points concerning the AgenaTrader ++ (plusplus) setup:
- If AT++ (plusplus) is already running for an instrument within a specified time frame (e.g. 5 min.) and you activate AT++ within another time frame (e.g. 10 min.), then the time settings for the strategy will be changed according to the time frame opened most recently (10 min. in this case). This ensures that the strategy and the submitted trade are active within the same time frame.
- If a trade for a specific instrument is already running within a particular time frame, then starting a strategy in a different time frame will be denied.
- If AgenaTrader++ (plusplus) is started within the chart, then the interval in brackets will show the time frame for a strategy. Thus, you will be able to identify which time frame the stop point will be adjusted to (5 min. in this case).
AgenaTrader++ (plusplus) Resolve Setup
This is one of the essential tools in AT++.
AgenaTrader++ (plusplus) resolve setup works in the following manner:
- If you have submitted and confirmed orders, AgenaTrader++ strategies will continue to run even when the trading platform is closed.
- These strategies will be saved within the system.
- When you start AgenaTrader up again, the strategies will be adjusted to the current market conditions.
If you plan to keep an intraday trade with the AT++ setup overnight, we recommend that you do not turn off AgenaTrader since this can lead to unexpected order behavior.
For example, order groups managed by AgenaTrader, such as IfDone and OCO, are often not linked to your broker due to the fact that the majority of brokers do not support these special types of orders. Only having AT opened ensures that all setups and functionalities will remain unchangeable.
If something happens during the time in which AgenaTrader is closed (e.g. filled or cancelled orders, closed trades etc.), stops will be recalculated and positions/setups will be adjusted etc. Obviously, this can be dangerous.
Should this occur, you will receive a recovery popup (see image below) displaying the trades which require your intervention and supervision:
Functions of the buttons in the recovery popup:
- The Entry Escort button allows you to enter the strategy. NOTE: the Trades tab will display the entry reason.
- The button Session allows user to select analyzer session
- The Confirm button applies the suggested actions.
- Chart area provides you access to all chart function. Details on section Chart Toolbar
If you close the popup without confirmation or get InconsstantState in column Action, you will have to clear the trades manually.
Counter trading
Counter trading is temporarily not available.
Counter Trading On/Off
Activating counter trading enables you to:
- Place multiple trades for the same instrument in different time frames.
- Bind each order to a particular time frame. This will lead to higher complexity and will require higher vigilance in monitoring the positions. For example, new trades may be opened in the opposite position by mistake because the target and entry order are placed within different time frames.
Deactivating counter trading:
- Does not assume that trades and orders will be bound to a specific time frame.
- Allows automatic application of edited (changed, added, deleted etc.) orders to the current trade irrelevant of the time frame.
- Allows you to create orders for broker's positions that do not exist in AgenaTrader so that you can edit and modify them.
Activating and deactivating counter trading does not refer to AT++ strategies, since these must always be bound to a specified time frame (since the time frame is required for re-calculation of stops and targets).