Description of settings
Default SL (0-off) – the ability to automatically set a Stop Loss when opening a deal, if this is not necessary, then set it to 0.
Default TP (0-off) – the ability to automatically set Take Profit when opening a deal, if this is not necessary, then set it to 0.
Max Lot – the maximum allowable lot on the account
Max Order Same Time – the maximum number of orders that can be opened simultaneously
Delete pending orders – deletion of pending orders in case of excess risk
Calculate with Swap and Commission – take into account swap and commission when closing profit / loss
Control Loss & Profit – in% or in $ – in this setting you need to choose how you want to control the risk in% or in the account currency, although there is a $ sign here, but it will also work if your account is in euros, rubles, yen and other currencies.
Risk Per Trade (0-off) – risk per trade, set to 0 if you want to turn it off.
Calculate Close Profit – Equity / Balance – setting allows you to set exactly how you want to control DAILY profit / loss, by equity or by balance, if set by balance, profit will be controlled after you close the deal. For example, you set a plan for $500 per day, and chose balance control, then after you close transactions and your daily profit is more than $500, the adviser will not allow more transactions to be kept in the market, it will immediately close them.
Close Enough Profit Type – by Trade / By Equity – here you can set profit control for OPEN positions, if you set by Trade then profit will be controlled per trade, if by equity then control will be carried out as follows, for example, you set Close Enough Profit = 15 $ and at the moment you have a profit of $20 on one transaction and minus $5 on the other, but in total you now have a floating profit of +$15, respectively, your 2 transactions will be closed.
Close Enough Profit (0-off) – set the amount of profit to be fixed, depending on what you chose in the previous setting by Trade or By Equity.
Max Day Loss (0-off) – maximum loss per day
Max Day Profit (0-off) – maximum daily profit
Max Orders for Day – Maximum number of orders per day
Loss for Week (0-off) – maximum loss for a week
Loss for Month (0-off) – maximum loss for a month
Enable Alerts – enable alerts or not
Interval alerts, min (0-off) – interval in minutes for alerts
In order for the control to be more strict, I recommend putting the adviser on the VPS, and giving the password to another person.