Commerce Buddy Consumer Information – Different – 8 September 2023

Danger Popup with “Disguise Financial” ticked

When ticked, the Danger Quantity ($) and P&L ($) shall be hidden.

4. The Danger Popup

That will help you handle your open threat, Commerce Buddy consists of an Open Danger Popup. Right here you may see your open threat (and P&L) in each % of your account and financial quantities.

To entry the Danger Popup, merely go to the “Danger” tab after which click on “View Open Danger”. As soon as the desk is open, this button will regulate to “Shut Danger Popup”.

 

Within the Danger Popup you will note all of the symbols you’ve trades open towards, alongside together with your floating P&L and the chance quantity primarily based in your present cease losses. This desk will replace reside as you regulate your trades, and because the market is transferring.

On the backside of the Danger Popup is a Totals row, the place you will note your whole open threat in % and financial quantities, alongside together with your whole floating P&L. This makes it manner simpler to understand how a lot publicity you at present have when buying and selling a number of devices on the similar time.

While you wish to shut/cover the open Danger Popup simply click on the “Shut Danger Popup” button in Commerce Buddy, or use the “CLOSE RISK POPUP” button within the backside left nook of your chart.

Hiding Financial Quantities

In case you tick the “Disguise Financial” field in Commerce Buddy, it’ll additionally cover the financial columns from the Danger Popup as proven under.

Limitless Danger – No Cease Loss

Within the occasion you’ve a commerce with no cease loss, the Open Danger Popup will show “Limitless – No SL” within the Danger % and Danger Quantity column for that image, together with within the whole on the backside. This manner you’ll shortly know when you have any trades operating with no SL.

5. One Click on Administration

With all One Click on and Auto Administration options in Commerce Buddy, you may choose both a single commerce to handle or ALL BUYs or ALL SELLs for that image. This makes it easy to handle a number of positions at a time, on the click on of a button.

First, select the commerce(s) you wish to use any of the One Click on Administration instruments for through the use of the “SELECT TRADE” dropdown. Right here you will note your commerce numbers for the image that you’re at present utilizing Commerce Buddy on, together with ALL BUY and ALL SELL.

Upon getting chosen your commerce(s), subsequent click on any of the choices within the “One Click on” part.

The One Click on Administration Instruments

Shut 50% – Shut half the place(s)

Shut % – Shut a customized % of the place(s)

Shut – Shut a commerce (or trades utilizing ALL BUY/ALL SELL)

SL to BE – Transfer your SL to BE

Adjusting the Shut % One Click on Administration Setting

To regulate the % of your commerce that the Shut % operate will shut, go to Settings > Inputs > Shut Customized % and alter the worth. The default is 10%.

The SL to BE Buffer in Pips Setting

Typically you don’t wish to simply transfer your SL to BE – you wish to lock in some earnings.

Commerce Buddy makes this simple with the “SL to BE Buffer in Pips” settings. No matter quantity of pips you enter into this area shall be added onto your entry value as a “buffer” and Commerce Buddy will transfer your SL to your entry value + the SL to BE Buffer in Pips quantity whenever you use both the One Click on SL to BE operate, or the Auto SL to BE operate and transfer your SL

To regulate the SL to BE Buffer in Pips, merely go to Settings > Inputs > SL to BE Buffer in Pips

6. Auto Administration – SL to Breakeven

With Commerce Buddy you may mechanically transfer your SL to Breakeven when value reaches a selected stage, that means you don’t should spend as a lot time staring on the chart whenever you wish to scale back your threat publicity.

With all One Click on and Auto Administration options in Commerce Buddy, you may choose both a single commerce to handle or ALL BUYs or ALL SELLs for that image. This makes it easy to handle a number of positions at a time, on the click on of a button.

First, go to the Commerce Supervisor tab and select the commerce(s) you wish to set an Auto SL to BE for through the use of the “SELECT TRADE” dropdown. Right here you will note your commerce numbers for the image that you’re at present utilizing Commerce Buddy on, together with ALL BUY and ALL SELL.

Upon getting chosen your commerce(s), subsequent click on the Auto SL-BE button to carry up the pending Auto SL-BE line.

You’ll be able to freely drag and drop the Auto SL-BE wherever you want, or proper click on > Properties > Parameters > Regulate the worth to the particular value you need the Auto SL to set off at.

As soon as you’re pleased with the place your Auto SL-BE is, click on the “ACTIVATE AUTO SL-BE” to activate it.

As soon as in an lively state, the road will not be in a moveable state and it’ll present “Energetic SL to BE” on the road textual content, together with the commerce quantity or ALL BUY/ALL promote (relying in your alternative).

In case you change your thoughts and not wish to have an Auto SL to BE set, you will note the Auto SL-BE button textual content modified to “CANCEL SL”. When you click on this, it’ll clear the Auto SL to BE out of your chart.

The SL to BE Buffer in Pips Setting

Typically you don’t wish to simply transfer your SL to BE – you wish to lock in some earnings.

Commerce Buddy makes this simple with the “SL to BE Buffer in Pips” settings. No matter quantity of pips you enter into this area shall be added onto your entry value as a “buffer” and Commerce Buddy will transfer your SL to your entry value + the SL to BE Buffer in Pips quantity whenever you use both the One Click on SL to BE operate, or the Auto SL to BE operate and transfer your SL

To regulate the SL to BE Buffer in Pips, merely go to Settings > Inputs > SL to BE Buffer in Pips

7. Auto Administration – Partial TP

With the Commerce Buddy Partial TP you may simply automate your scaling out of worthwhile trades.

Adjusting the % of your commerce(s) that the Partial TP will shut

To regulate the % of your commerce that the Partial TP will shut, go to Settings > Inputs > Partial TP (% of opened lotsize) and alter the worth. The default is 25%, 1 / 4 of your place.

Utilizing the Partial TP

With all One Click on and Auto Administration options in Commerce Buddy, you may choose both a single commerce to handle or ALL BUYs or ALL SELLs for that image. This makes it easy to handle a number of positions at a time, on the click on of a button.

First, go to the Commerce Supervisor tab and select the commerce(s) you wish to set a Partial TP for through the use of the “SELECT TRADE” dropdown. Right here you will note your commerce numbers for the image that you’re at present utilizing Commerce Buddy on, together with ALL BUY and ALL SELL.

Upon getting chosen your commerce(s), subsequent click on the Partial TP button to carry up the pending Partial TP line.

You’ll be able to freely drag and drop the Partial TP wherever you want, or proper click on > Properties > Parameters > Regulate the worth to the particular value you need the calculation line to be at. On the Partial TP line, it’ll present you the gap in pips to the Partial TP, the quantity of heaps that shall be closed, the financial revenue and the % revenue.

As soon as you’re pleased with the place your Partial TP is, click on the “ACTIVATE PARTIAL TP” to activate it.

As soon as in an lively state, the road will not be in a moveable state and it’ll present “Energetic PTP” on the road textual content, together with the commerce quantity or ALL BUY/ALL promote (relying in your alternative).

In case you change your thoughts and not wish to have a Partial TP set, you will note the Partial TP button textual content modified to “CANCEL PTP”. When you click on this, it’ll clear the Partial TP out of your chart.

8. The Fairness Protector

With the Fairness Protector you enter an Fairness Cease Out worth the place in case your account fairness falls under this quantity, Commerce Buddy will reduce all of your trades.

This implies in case your account stability is $100k however you wish to try to maintain your fairness from falling under $98k, you may set the fairness protector to $98,000 and Commerce Buddy will reduce all of your trades in case your account fairness falls under this quantity.

Disclaimer – Please learn

Please be aware that Commerce Buddy’s “Fairness Cease out” characteristic supplies no assure it will likely be capable of exit your trades at your required enter quantity, as that is dependent available on the market volatility and accessible market liquidity on the time of use which is past the management and scope of Commerce Buddy. In buying and selling there’s at all times an opportunity you’ll lose greater than you are ready to threat, and it is best to by no means use the Fairness Protector as an absolute drawdown restrict. Commerce Buddy will merely attempt to exit your trades when it recognises your account fairness has fallen under your required enter quantity, however the Fairness Protector shouldn’t be used as a alternative for correct threat administration practices.

Please ensure that to disable the Fairness Protector earlier than altering accounts in MetaTrader (to forestall it by accident triggering mechanically in case you swap to a decrease fairness account), and earlier than exiting the MetaTrader terminal.

Utilizing the Fairness Protector

To set an Fairness Cease Out, merely go to the “Danger” tab after which enter an quantity into the “Fairness Cease Out” area.

Don’t use this as an absolute cease out worth, as with market volatility, slippage and many others you’re unlikely to have you ever trades closed on the actual second your account fairness breaches this quantity. All the time add a security buffer to the place you’d ideally like to chop your trades and good threat administration practices in all areas of your buying and selling.

Upon getting enter an quantity, you will note the Fairness Protector Overlay in your chart as proven under, the place there are 6 rows of information that will help you handle your threat in relation to your Fairness Cease Out.

Fairness %Remaining: That is how far your present account fairness is out of your Fairness Cease Out worth as a share

Open %Danger: That is the accumulative whole of your open trades cease loss threat as a share

Open %Danger Remaining: That is the distinction between your floating P&L and your cease loss threat as a share.

For instance, when you have 1.98% in open threat however you’re up 0.27% in revenue, the Open %Danger Remaining could be 1.98% (SL threat) + 0.27% (floating revenue) = 2.25%, as you’re 2.25% away out of your cease loss(es).

Present Fairness: Your present account fairness as a financial quantity

Fairness Cease Out: Your enter Fairness Cease Out as a financial quantity

Fairness Remaining: The distinction between your present account fairness and your Fairness Cease Out enter as a financial quantity

All of this information shall be calculated primarily based on all open trades in your account.

Fairness Protector Triggered

As soon as your account fairness falls under your chosen enter fairness, Commerce Buddy will try to shut all trades in your account and can present you a notification to advise you that this has occurred as proven under.

Disabling the Fairness Protector

You may disable the Fairness Protector at any level by merely clicking the Fairness Protector chart overlay button that claims “EQUITY PROTECTOR ACTIVE – CLICK TO DISABLE”. Alternatively, you may change the Fairness Cease Out determine to 0.

Hiding Financial Quantities

In case you tick the “Disguise Financial” field in Commerce Buddy, it’ll additionally cover the financial rows from the Fairness Protector chart overlay as proven under.

Limitless Danger – No Cease Loss

When you’ve got any open trades which would not have a cease loss, Commerce Buddy will advise you within the Fairness Protector Overlay as proven under.

9. Adjusting Commerce Buddy for Crypto, Indices and Commodities

By default, Commerce Buddy won’t be able to execute trades as it will likely be calculating your lot sizes to 0.01 decimal locations for accuracy.

In order that Commerce Buddy can work with pairs which have a “Quantity step” of 1, we’ve included a “Round_lots” setting which is disabled by default. By enabling it, it’ll both spherical your heaps up (e.g. 2.10 heaps would turn out to be 3 heaps) or spherical your heaps down (2.9 heaps would turn out to be 2 heaps). This may even work for the Auto Partial TP.

To allow this setting, go into the settings after which to the inputs, and regulate the “Round_lots” setting to both “RoundUp” or “RoundDown” relying in your choice.

Bear in mind this implies your enter threat won’t be the identical threat your trades will enter at, because the enter threat of 1% may equal 6.40 heaps on a commerce, but when the image solely accepts entire heaps it means you’ll execute at both 6 heaps or 7 heaps. Commerce Buddy will present the precise threat on the cease loss line on the chart in order that you recognize what your precise threat is, when utilizing rounded heaps.

11. Settings Walkthrough

Commerce Buddy has quite a lot of settings to permit you to regulate it to fit your wants, as proven under.

Danger = Adjusts threat % (could be adjusted in the principle UI of Commerce Buddy)

Ratio = Set a set threat:reward ratio (could be adjusted in the principle UI of Commerce Buddy)

HotKeys_Enabled = Allows hotkeys

Round_Lots = Allows rounded heaps for symbols that don’t permit partial lot sizes (e.g. futures)

SL In Pips = The default cease loss dimension in pips

Max Allowable Danger % = The max quantity the Commerce Buddy UI will permit you to enter as a threat %

SL to BE Buffer In Pips = Provides a revenue buffer, in pips, for the one click on SL to BE operate or Auto SL to BE operate

EP_Enable_Background = Provides a background to the Fairness Protector Overlay on the chart

Slippage Threshold = Units a slippage threshold

MagicNo = Commerce Buddy’s MagicNo for MetaTrader trades

Shut Customized % = Adjusts the one click on “CLOSE %” share

Partial TP (% of opened lotsize) = Adjusts the Auto Partial TP share