REMEK! MOMENTUM PRO STR BT/x TECHNICAL REFERENCE: SETTINGS

Setup: Basic NT8 strategy settings. Refer to NT8’s documentation for details.

 

Chart label: settings define what text is displayed at the top of the chart.

Alert Message: Settings to customize the setup and signal messages on the chart.

Strategy Buttons: Settings to customize the colour of the strategy buttons.

Risk Management: Settings to define inputs in the risk management calculations

Risk control: On/Off
Set account size: Manual: enter account size manually Auto: checks and monitors account balance automatically Auto_Conversion: allows risk management when account currency and instrument currency differ
Risk per trade: On/Off
Max. risk (% account): enter max. risk allowed as a percent of the account
Daily gain & loss: On/Off
Max. gain (% account): set daily gain as a percent of the account. When reached, trading halts for the session
Max. loss (% account): set daily loss as a percent of the account. When reached, trading halts dfor the session
Risk display mode: Permanent: displays information on every bar Alerts_Only: displays new information on current bar only
Risk display color: set desired colour of message background
Risk alert color: set desired colour of message

Strategy Options:
Auto reverse: when selected, reverses trade upon arrival of opposite signal.
Signals traded: You have the option to trade simple pullbacks, complex pullbacks or both.
Auto switch-off: switches off system (i.e. puts system in pause/OFF mode after defined number of trades.
Entry order type: Market order, limit order or market order with autoreverse.

Limit order tick offset: For limit orders, how many ticks back from the last price you want to place the limit order.
Limit order working bars: For limit orders, after how many bars you want to cancel the order if it remains unfilled.
ATR period: lookback period the ATR calculations is based on.
1st Order Set: defines strategy settings for one portion of the position
Position size: number of contracts in 1st Order Set
Profit target (ATR): profit target of 1st Order Set (measured in ATRs)
Stop loss: initial stop loss of 1st Order Set (measured in ATR)
2nd Order Set:
Position size: number of contracts in 2nd Order Set
Initial stop: initial stop loss of 2nd Order Set (measured in ATR)
Trigger level (ATR): defines at how many ATRs in profit the trailing stop should start trailing for 2nd Order Set
Trailing stop (ATR): defines how many ATRs behind last price the position should be trailed.

Parabolic trailing stop (click on checkbox to display options)

Acceleration: the percent by the Trailing Stop (defined above) will be tightened on each bar (e.g. 0.05 means that the trailing stop is reduced by 5% on the close of each bar)

Acceleration step: the percent by which the tightening defined in the above Acceleration will be increased on each new high/low (e.g. 0.05 means that the trailing stop is tightened by 5% on each new high/low)

Max. acceleration: the maximium amount of acceleration. When this is reached, the trailing stop is not tightened further.

(Note: the combination of Acceleration and Acceleration step will result in a gradual and consistent tightening of the trailing stop up to the maxiimum degree defined in Max. acceleration).

Force exit: force exiting the trade after Number of bars

Trading Hours are user-definable. The strategy will only place orders during the hours defined here.

Keltner Channel: settings for Remek! Keltner. (These settings serve as input for the PRO STR/BT/BTX algorithms.)

Fast Trigger/Slow Trigger: defines settings for the two linear regression calculations that provide input for the PRO STR/BT/BTX algorithms.

Coral Filter/ADXVMA: Two customized Remek! trend definition filters that provide input for the PRO STR/BT/BTX algorithms.

Trend Filter: there are four choices to define the trend (Remek Composite is a weighted average of the other three). This field is an input for the PRO STR/BT/BTX algorithms.

Chop Filter:
Surpresses signals in choppy market conditions. Chop filter active if option selected. The filter’s sensitivity can be adjusted with the Chop ATR multiplier setting. This field is an input for the PRO STR/BT/BTX algorithms.

Trade Setups: Settings to further finetune trading signals.
ATR multiplier complex/simple: adjusts the cut-off point between simple and complex pullbacks
Min. number bars: bars required between two signals
new in 3.41 Activate buffer zone: if selected, trends end (and thus setups and triggers suppressed) if and when price touches the opposite Keltner. Trends are reactivated when a new trend starts. Click here for more.
new in 3.41 Buffer zone mode: defines which price (out of the price points available in NT8) activates the buffer zone if it is switched on
Signal count active: if selected, system will supress signals in the current trend after the number of signals defined in the Max number of signals setting is reached.

HTF Parameters: this section can be used to optionally define a higher timeframe on which consolidation areas will be defined and optionally displayed on the trading timeframe. Values entered provide input for the PRO STR/BT/BTX algorithms.

Display Options: These settings can be used to customize what is displayed on the charts. This is for visual purposes only: what is selected here does NOT provide input for the PRO STR/BT/BTX trading algorithms.

Further Display Settings: These settings can be used to customize what is displayed on the charts. This is for visual purposes only: what is selected here does NOT provide input for the PRO STR/BT/BTX algorithms.

LTF and HTF Trade Alerts: these setting define if trade alerts and accompanying sound alerts should be generated when a signal arrives.

Further Strategy Settings: These are NT8 strategy settings. Refer to NT8’s documentation for details.

Further Strategy Settings: These are NT8 strategy settings. Refer to NT8’s documentation for details.

New in v3.90: “Adjust initial stop” functionality for Order Set 1 and Order Set 2.

What's new in BT/BTX v3.90 - Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.