PART 1 – USER GUIDE FOR AXILGO PIP PIPER COPILOT
Superior Compliance Supervisor Knowledgeable Advisor (EA) that includes an Built-in Commerce Supervisor with built-in Danger Calculator
PipPiper CoPilot: A complicated Compliance Supervisor Knowledgeable Advisor (EA) that includes an Built-in Commerce Supervisor with built-in Danger Calculator. PP CoPilot is designed for merchants participating in prop agency challenges, the place adherence to particular buying and selling guidelines is paramount. This revolutionary device ensures that customers can commerce effectively whereas complying seamlessly with the distinct necessities set by proprietary buying and selling corporations. PP CoPilot’s highly effective built-in options stop rule violations by robotically managing commerce settings, thus permitting merchants to deal with technique and efficiency with out the fear of administrative penalties.
1. Technique Identify
Goal: Assign a singular title to your buying and selling technique for straightforward identification.
Default Setting: The technique title defaults to the product title.
Instance: In case you desire, you’ll be able to change it to replicate your private buying and selling fashion or technique.
2. Minimal Time to Shut Commerce
Goal: Specifies the minimal period a commerce should stay open, measured in seconds.
Setting Particulars: Enter the time in seconds. As an example, a setting of 180 seconds prevents the closure of any commerce earlier than 3 minutes have elapsed.
Observe: The EA doesn’t prohibit guide closures completed by means of the Meta Dealer platform.
3. Disallowed Pairs for Buying and selling
Goal: Prevents buying and selling with particular forex pairs.
Setting Particulars: Enter disallowed pairs separated by commas. Make sure the symbols match these offered by your dealer.
Instance: Setting XAUUSD, GBPUSD.xyz as disallowed will block these pairs from being traded, and the EA will alert the consumer.
4. Shut Trades on Weekend
Goal: Mechanically closes all open trades earlier than the weekend to adjust to prop agency or dealer guidelines.
Setting Particulars: Set to ‘true’ to activate. Configure the precise closure time within the Buying and selling Schedule beneath Prop Agency/Dealer Weekly Reset.
5. Max Open Positions
Goal: Limits the variety of concurrent open trades.
Setting Particulars: Set the utmost variety of open trades allowed.
Instance: If set to five, trying to open a sixth commerce shall be robotically blocked by the EA.
6. Max Open Lot Measurement
Goal: Caps the lot dimension for a single commerce.
Setting Particulars: Set the utmost allowable lot dimension for any commerce.
Instance: If the max lot dimension is about to three, any try to open a commerce with greater than 3 heaps shall be adjusted to the utmost restrict.
7. Max Unfold
Goal: Filters out trades the place the unfold exceeds a sure threshold.
Setting Particulars: Set the utmost acceptable unfold.
Instance: If the unfold threshold is about at 50, trades the place the unfold is 50 or greater won’t be executed. Verify present spreads within the Market Watch window of Meta Dealer by right-clicking and choosing “Unfold”.
1. Use Account Take Revenue
- Goal: Mechanically ceases buying and selling when your account reaches a specified revenue goal, ultimate for prop agency challenges or particular revenue objectives.
- Setting Particulars:
- Account Take Revenue ($): Set your goal revenue in account forex.
- Give up EA on Account TP: Toggle to ‘true’ to disable all EA capabilities as soon as the revenue goal is reached.
- Instance: In case your capital is $100,000 and the goal is $110,000, setting this to ‘true’ will shut all trades and exit the EA as soon as $110,000 is reached. Verify progress in your Account Monitor Panel.
2. Use Each day Take Revenue
- Goal: Secures day by day income by closing all trades as soon as a set revenue goal for the day is reached.
- Setting Particulars: Enter your day by day revenue goal. If set to “0,” this operate is disabled; another worth prompts the characteristic.
- Instance: A setting of $1,000 means all trades shall be closed as soon as day by day income attain $1,000. The time for this calculation is configured within the Buying and selling Schedule beneath Prop Agency/Dealer Weekly Reset.
3. Use Weekly Take Revenue
- Goal: Locks in weekly income by robotically closing trades as soon as a set weekly revenue goal is achieved.
- Setting Particulars: Set your weekly revenue goal. Just like day by day revenue, setting to ‘0’ disables this operate.
- Instance: If the goal is about to $2,500, all trades shall be closed when weekly income attain this quantity.
4. Lot Settings for Danger-Reward Device Targets
- Goal: Manages the distribution of lot sizes throughout a number of revenue targets.
- Setting Particulars:
- Lot Break up for two Take Revenue Targets:
- Take revenue 1 Lot Share: Specify the lot dimension share for the primary revenue goal.
- Take revenue 2 Lot Share: Specify the lot dimension share for the second revenue goal.
- Lot Break up for 3 Take Revenue Targets:
- Take revenue 1 Lot Share: Specify the lot dimension share for the primary revenue goal.
- Take revenue 2 Lot Share: Specify the lot dimension share for the second revenue goal.
- Take revenue 3 Lot Share: Specify the lot dimension share for the third revenue goal.
- Instance: In case you set two take revenue targets, you may allocate 50% of the lot to the primary goal and 50% to the second. For 3 targets, you may allocate 30%, 30%, and 40% respectively.
1. Use Account Cease Loss
- Goal: Ceases buying and selling if the account fairness falls to a specified stage, defending in opposition to extreme drawdown, which is a important rule in prop agency challenges.
- Setting Particulars:
- Account Cease Loss ($): Set the utmost allowable drawdown in account forex.
- Instance: For an account with a capital of $100,000, setting the Account Cease Loss at $90,000 means the EA will cease all buying and selling actions and exit if the fairness drops to this stage. Monitor your drawdown standing on the Account Administration Panel.
2. Use Trailing Cease Loss
- Goal: Enhances revenue retention by permitting a cease loss to regulate robotically because the market strikes in your favor.
- Setting Particulars:
- TSL Begin: Variety of pips the worth should exceed the breakeven level earlier than the trailing cease loss is activated.
- TSL Cease: Variety of pips the trailing cease will comply with behind the worth.
- TSL Interval: Frequency (in pips) at which the trailing cease adjusts.
- Delete TP When TSL Begins: If set to ‘true’, removes the mounted take revenue setting when trailing cease loss is activated to permit for probably limitless revenue.
- Examples:
- In case you set the TSL Begin at 4 pips and the TSL Cease at 3 pips, the trailing cease will activate as soon as a 4-pip revenue is reached, securing not less than 1 pip of revenue with the likelihood for extra if the worth continues to rise.
- With a TSL Begin of 5 and a TSL Cease of 5, the worst-case state of affairs is breaking even as soon as the trailing cease is activated.
- For a TSL Interval set at 10, with a Path Begin of 10 and a Path Cease of 5, the trailing cease will first transfer when the revenue reaches 20 pips, adjusting to fifteen pips behind the present worth, and can proceed adjusting in 10-pip increments.
4: Drawdown Safety
Introduction to Drawdown Safety in PP CoPilot
Drawdown safety (DP) is a very important characteristic of the PP CoPilot, particularly engineered to fulfill the stringent threat administration necessities of proprietary buying and selling corporations. This characteristic supplies a number of drawdown administration choices that assist merchants adhere to their agency’s particular guidelines concerning most allowable losses. Whether or not the drawdown is calculated primarily based on mounted loss thresholds, as a share of the account stability, or primarily based on the very best of both the present fairness or stability, PP CoPilot presents customizable settings to successfully management threat. This ensures that merchants can safeguard their capital from important losses, thereby optimizing their buying and selling technique throughout the outlined threat parameters of their buying and selling problem or agency.
Drawdown Safety
- Goal: Safeguards buying and selling accounts by managing most allowable losses per day, essential for assembly prop agency necessities.
- Characteristic Particulars:
- Use Drawdown Protector: Set to ‘true’ to allow the Drawdown Protector with its configured settings.
- Drawdown Safety Kind: Select the strategy of drawdown calculation acceptable to your prop agency’s insurance policies. The settings embody:
- Floating Loss: Closes all trades if the open P/L matches the set Drawdown quantity.
- Account %: Closes all trades if the account’s floating loss equals a specified share of the account stability.
- Each day Loss Steadiness Primarily based: Aligns with limits like FTMO’s “Most Each day Loss,” closing trades as soon as the sum of the day’s closed and floating P/L matches your predefined max day by day loss.
- Each day Loss Fairness Primarily based: Primarily based on the day’s beginning fairness, trades shut when the sum of closed and floating P/L from the beginning of the day reaches the set drawdown quantity.
- Each day Loss Highest Worth: Just like ‘Each day Loss Fairness and Steadiness’, however it calculates primarily based on the very best worth between the present fairness or stability at every day’s begin, closing trades when the set drawdown is reached.
- Examples:
- For FTMO, use ‘Each day Loss Steadiness Primarily based’
- For TFF, choose ‘Each day Loss Fairness Primarily based’
- Monitoring: Your present ‘Floating PnL’ could be tracked on PP CoPilot’s Account Monitor Panel.
Auto-Resume Choices
- Goal: Determines how and when buying and selling actions resume after a drawdown safety occasion.
- Choices:
- No Delay: Buying and selling resumes instantly after a drawdown occasion.
- Subsequent Day: Buying and selling robotically resumes firstly of the subsequent buying and selling day.
- Subsequent Week: Buying and selling restarts on the primary day of the next week.
- By no means: Disables computerized resumption. Buying and selling can solely resume by means of guide intervention.
1. Prop Agency / Dealer’s Time Zone
- Goal: Ensures that each one buying and selling actions are aligned with the proper time zone of the prop agency or dealer, which is important for correct compliance and commerce execution.
- Setting Particulars:
- Prop Agency / Dealer’s Reset Time:
- Hour: Set the hour at which the day by day reset happens in line with the prop agency or dealer’s schedule.
- Minutes: Set the minutes at which the day by day reset happens to make sure exact alignment with the prop agency or dealer’s operational schedule.
1. Information Filter (Pause Buying and selling on Information Occasions)
- Goal: Quickly halts buying and selling actions throughout key information bulletins to keep away from market volatility.
- Setting Particulars:
- Activate Information Filter: Set this to ‘true’ to allow the information filter.
- Disable Buying and selling Earlier than/After Information (min): Configure the minutes earlier than and after a information occasion when buying and selling needs to be paused.
- Excessive Influence Information Earlier than (min): Specify the minutes earlier than excessive affect information when trades needs to be paused.
- Excessive Influence Information After (min): Specify the minutes after excessive affect information to proceed pausing trades.
- Medium Influence Information Earlier than (min): Set the pause period earlier than medium affect information.
- Medium Influence Information After (min): Set the pause period after medium affect information.
- Low Influence Information Earlier than (min): Outline how lengthy earlier than low affect information trades needs to be paused.
- Low Influence Information After (min): Outline how lengthy after low affect information trades ought to resume.
- Observe: A setting of “0” means buying and selling won’t be paused throughout information occasions. This setting needs to be adjusted primarily based on the precise compliance necessities of your prop agency.
Instance:
- If buying and selling the XAUUSD pair and there may be Excessive Influence Information for USD, buying and selling shall be paused as per the settings. Nevertheless, if the excessive affect information impacts one other forex, just like the Euro, the buying and selling for XAUUSD won’t be paused, adhering strictly to information related to the chart image solely.
PART 2 of this information could be discovered right here
