Semi-automatism means that trade entries can occur either:
- based on a signal in a semi-automated environment or
- discretionarily.
Although you control the most important stages, the management of the trade can be left to AgenaTrader.
To benefit from fully functional setups, which thanks to their detected specific behavior will allow you to employ the most efficient stop and targets methodology, you should attempt to find replicable systematic approaches.
You can define, activate and deactivate fully functional setups via the Setup Escort.
The Setup Escort consists of:
- Analyzer session management
- Activation tab: allows you to activate and deactivate entries, stop and target methods
- Configuration tab: allows you to create fully functional trade setups
- Parameter tab: modifies various entry, stop and target methods
- Hist. Periods AnalyserEscort and Hist. Periods HedgeEscort: these define the number of historical periods for which the signal should be displayed within the Analyzer Escort column or the signals tab in the Hedge Escort. The number of periods that have passed since the signal was generated will be displayed in the brackets ([]). The setup will not be suggested when you click on the row, but you can still place a discretionary entry. Even if you place a trade discretionarily, the trade management will still perform its functions.
The following image shows the StopSell order suggested by the SetupEscort (AgenaTrader++) (the three green lines are IfDone orders):
AgenaTrader offers you several possibilities of manually managing the trade:
- When the Setup Escort strategy is running, you can increase the position. The stop and targets will automatically be adjusted to the new position size.
- You can also start a setup without targets and add them later. To do this, right click on the chart and select Sell/Buy Limit. This automatically activates an AgenaTrader++ setup.
- The same principle can be applied to adding additional entries.
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Warning! We strongly recommend not to add discretionary orders to AT++ setup and connect them OCO,ORO, IFdone connections. In another case you will get the warning on a chart "Manual changes of the strategy might cause unexpected behavior and are at you own risk".
In addition, you will get such message in the log:
"ATTENTION: You are about entering a manual order into a strategy. This might cause unexpected reactions and you take full responsibility for any misbehavior in case this order gets activated. You accept that the AgenaTrader-Support can't give you any advices or help on any misbehavior."