WELCOME TO OUR TAURUS FAQ
In response to the excessive quantity of inquiries concerning our newest masterpiece, we have now established a complete FAQ part that can deal with all beforehand requested questions and will probably be recurrently up to date.
Setup
Backtest
Multi-symbol backtests are solely doable with MT5, and it is important to configure the URLs and run SI Join earlier than you begin the backtest.
There may be additionally an older backtest setup tutorial video for our SIEA collection on our YouTube channel which demonstrates all steps intimately, and that are similar for TAURUS.
https://www.youtube.com/watch?v=tJdazEGk9Z8 – as quickly as a brand new video is obtainable, we’ll exchange this hyperlink
DST and GMT Settings
When the market is open, SI Join can robotically decide the present energetic GMT shift of your terminal. This info is obtainable within the SI Join standing.
For the DST change date, you need to seek the advice of your dealer’s assist group. Though most brokers default to the American Zone, it is best to verify with them.
‼️IMPORTANT‼️
Throughout summer time when DST is in impact, the displayed worth accounts for the DST shift. Subsequently, the precise GMT shift, which stays fixed all year long, is one lower than the displayed worth. As an example, if the consequence proven is 1, the true GMT shift could be 0.
Consequently, for my backtest settings, I ought to set the GMT shift to 0.
Chart
I often run my EAs on EURUSD, H1, however it does not matter as a result of our EAs are designed to work 100% similar on all chart/timeframe mixtures.
Deposit
We advise beginning with a small quantity of a minimum of 1000 USD to see how TAURUS performs. If you’re happy with the outcomes, you’ll be able to at all times enhance the quantity managed by TAURUS later.
MT4 vs MT5
MT5 is a contemporary 64-bit utility, whereas MT4 is an outdated 32-bit utility that’s approaching the tip of its life cycle as a result of Metaquotes is discontinuing assist for the platform. Consequently, brokers will inevitably have to modify to MT5. For Taurus leases, this variation is negligible, because the transition to MT5 might be seamlessly executed on the finish of the rental interval. When it comes to buying and selling efficiency, each platforms are comparable.
VPS
For those who lack expertise in pc setup, go for the MQL5VPS, which is designed for simplicity. Nonetheless, if it is advisable function a number of terminals and Skilled Advisors repeatedly, a devoted VPS like these provided by Contabo could be extra appropriate, although it requires a while to arrange and keep.
Buying and selling
Information filter
We’ve got examined TAURUS with historic information occasions, and located that the long-term variations had been much less vital than anticipated. Nonetheless, it’s helpful to have it operational stay to forestall buying and selling instantly earlier than essential high-impact information occasions from central banks.
Swap filter
Our swap filter serves as a confirmed environment friendly mechanism to sidestep unfavourable and costly trades. Along with the demonstrated stay efficiency of all our EAs, all our backtests with historic swap charges validate the helpful impression of the swap filter.
Cease Loss
TAURUS makes use of two distinct stop-loss methods:
1. A visual cease loss that’s set with the dealer.
2. An invisible cease loss that’s managed internally throughout the EA.
The rationale for using two totally different methods is to counteract the huge spreads that usually happen at night time, after the New York session ends and earlier than the Asian session begins. These huge spreads can result in pointless commerce exits, which may very well be prevented because the market sometimes stabilizes shortly after.
To mitigate this, a wider cease loss is communicated to the dealer, whereas TAURUS internally applies an ADR-based cease loss that calculates the right threat proportion.
Danger Adjustment
To extend the chance degree of the EA, you’ll be able to regulate the chance per commerce. The default setting is 1.0, and you’ll modify it upward or downward as desired.
I strongly advise conducting backtests to find out how various the chance per commerce impacts the general efficiency and the risk-reward ratio.
The leverage of your account is the one constraint, as every place necessitates a margin, and bigger trades require extra margin.
TAURUS vs SIEA Professional NG
Each methods are grounded in a “Imply reversion” strategy, but they diverge considerably past that time.
They complement one another as they provoke totally different trades (sometimes the identical commerce, however with various lot sizes) and handle and shut these trades in distinct manners.
– Trades 19 foreign exchange symbols
– Applies the identical settings throughout all symbols
– Initiates as much as 3 trades per image
– Includes all 28 main foreign exchange symbols
– Makes use of tailor-made settings for every image
– Limits to a most of 1 commerce per image
The principal distinction lies of their anticipated efficiency and the risk-reward ratio. It is as much as you to decide on what aligns greatest along with your preferences.
Common
Reductions
Taurus offers a extremely skilled, totally automated buying and selling resolution boasting a wonderful threat/reward ratio, all for the unbeatable low worth per thirty days, which is fastened and non-negotiable.
Buy choice
At the moment, we have now no intention of providing a purchase order choice, as we consider that an inexpensive month-to-month rental strategy is the very best technique to maximise accessibility to this masterpiece.
In the interim, it’s obtainable solely on a three-month foundation. We’ll contemplate the potential for introducing long-term subscriptions sooner or later.
We document the amount information since October 2018, which is why you’ll be able to’t backtest any of our EAs earlier than that. After all, we’ll keep this service as a result of this information is exclusive, and we’re dedicated to our many a whole lot of FX Quantity and EA customers.
File dimension
The dimensions of our EAs is constant and displays their complexity. SIEA Zen is roughly 900 KB, SIEA Professional NG about 1100 KB, and TAURUS practically 1200 KB. These figures symbolize the uncooked variations earlier than the appliance of mql5’s copy safety. The dimensions can’t be diminished, as they embody options like FX Quantity and a information filter, which themselves are composed of a number of thousand traces of code.
We guarantee you that our merchandise carry out precisely as supposed, and the backtest outcomes are completely derived out of your dealer’s customary market information.
In case we missed one thing please drop us a line, and we’ll help.
Contact us anytime. We’re trying ahead to your message.
That is it for the second. Keep tuned, and blissful buying and selling everybody.
