General information
The Parameters tab can be accessed by clicking the Tools main menu and then selecting the Setup Escort menu item.
Within the Parameters tab you can define various parameters for almost every entry stop and target strategy.
PLEASE NOTE: If you change some settings in the "Activation" or "Configuration"-Tab, those changes will not be visible immidiately in the Parameters-Tab. Please click in one of the boxes on the left side of the Parameters-Tab to refresh the Tab and receive the latest settings. in one of the boxes on the left side of the Parameters-Tab to refresh the Tab and receive the latest settings.
If you select an item from the EntryEscorts, StopEscorts or TargetEscorts sections, then the parameter box will become active:
If the checkbox Exclude instruments is checked, instruments within the text box WILL NOT BE taken into consideration for signal scanning.
If the checkbox remains unchecked then the scanning will be performed ONLY for instruments within the text box.
If you do not enter any instrument symbols into the text box, ALL instruments WILL BE scanned for this strategy.
EntryEscorts
The Entry Escorts functionalities give you an idea of our very own LocationPointTrading (LPT).
This is still in the development stage and is anticipated to be made available in 2017 (fee-based).
The Entry Escorts section includes several parameters for creating the entry conditions:
| Parameter | Description |
| Automated | Here you can decide whether your setup should be executed automated, when it occurs. |
| BreakEvenAfterN... | Here you can determine, after how many risks in the black your stop should be set to BreakEven. |
| BreakEvenAfterNType | Here you can determine, if BreakEven should be calculated after risks, ticks ATRs or percent. |
| BreakEvenTickDifference | Here you can set the ammount of ticks above (+) or below (-) in a Long respectively Short position the stop should lie after reaching your preset BreakEvenRisks. |
| BreakEvenTickDifferenceType | Here you can determine, if difference should be calculated after risks, ticks ATRs or percent. |
| OrderType | Here you can determine with which order type you would like to put your setup into the market. |
| SendSignalMail | Here you can decide whether an email should be sent to you, when a condtion displays a signal. |
| SendSignalMobileNotification | Here you can determine whether a notification is sent to your mobile phone, when a signal, based on one of your conditions, appears. |
| Show in Dynamic Scanner | Here you can decide whether the setup should be displayed in Dynamic Scanner as soon as it appears. |
| SignalSound | When you acticvate one of the soundfiles, you will hear the signal as soon as there is a hit in AnalyzerEscort-column (scanner). Please note that signal is only emitted when SoundAlerts are activated in scanner. |
| SpecificRiskAmount | When entering a certain amount of money here, the risk settings in Account tab in ConfigurationEcort are overwritten. Please note: RiskPercent has a higher priority than RiskAmount. When a certain RiskPercent is set in Account tab in ConfigurationEscort, it gets a higher priortiy. |
| SpecificRiskPercent | When entering a certain percentage here, the risk settings in Account Tab in ConfigurationEscort are overwritten. Please note: RiskPercent has a higher priority than RiskAmount. |
| ExecutionSound | When you activate one of the soundfiles, you will hear the signal as soon as entry is executed. |
| OrderMode | Here you can determine whether the order should be direct or synthetic. |
| SendExecutionMail | When set to True, an email will be sent to you, when order is executed. In order to make this work, you need to enter an email adress in Geneal tab in ConfigurationEscort. |
StopEscort
The Stop Escorts section includes several parameters for creating the entry conditions.
Please find below the parameters of BarByBar as an example:
| Parameter | Description |
|---|---|
| StopDeviation Ticks | With this settings you can determine, how many ticks above respectively below the exact position of the order should be placed. |
| WaitBarsBeforeFirstTrail | Here you can determine how many bars AgenaTrader should wait at the beginning of a trade, until HardStop takes over automated stopp trailing. |
| ExecutionSound | Here you can choose sound which you want to hear when stop is executed. |
| OrderMode | Here you can choose whether the order should ba direct or synthetic. |
| SendExecutionMail | Here you can determine whether you want to get an email notification when stop is executed. |
| BarsBackHardTrail | Here you can determine, how many bars back HardTrail should be trailed. |
| BarsBackInitialStop | Here you can determine, how many bars back InitialStop should be trailed. |
| BarsBackSoftTrail | Here you can determine, how many bars back SoftTrail should be trailed. |
TargetEscorts
The Stop Escorts section includes several parameters for creating the target conditions.
Please find below the parameters of MultipleRisk3Level as an example:
| Parameter | Description |
|---|---|
| ExectionSound | Here you can choose sound which you want to hear when target is filled. |
| OrderMode | Here you can choose whether the order should ba direct or synthetic. |
| SendExecutionMail | Here you can determine whether you want to get an email notification when stop is executed. |
| ProfitPercentageTarget1 | Here you determine the percentage of position, that should be closed when reaching first target. |
| ProfitPercentageTarget2 | Here you determine the percentage of position, that should be closed when reaching second target. |
| ProfitPercentageTarget3 | Here you determine the percentage of position, that should be closed when reaching third target. |
| RisksToLevel1 | Here you determine how many risks should be taken up to first level. |
| RisksToLevel2 | Here you determine how many risks should be taken up to second level. |
| RisksToLevel3 | Here you determine how many risks should be taken up to third level. |
Closing the remainder of an opened position with a trailing stop
The necessary settings are:
- In the Parameters tab of the SetupEscort, define the percent by which the opened position is to be decreased after execution of the 1st and the 2nd targets;
- The remaining percentage (25%) of the position will be managed automatically by a trailing stop.
Alternatively, you can adjust the order size in the chart or using the Order Escort.