How does Titan work and what do the settings mean?
Titan Settings Explained
Order Lots - this setting changes the lot size taken per trade. this setting will only work if "use % of balance for trades" & "use fixed amount of money for trades" are both set to FALSE.
Use % Of Balance for Trades - when this setting is set to TRUE, Titan will calculate a certain % to risk per trade.
Risk for Each Trade in % - Example: if set to 1% Titan will analyze your total balance & then only risk 1% of your total account balance for each trade taken. If trading a $1,000 account titan will only risk $10 per trade.
Maximum Lots for Each Trade - this setting will prevent Titan from taking any trades larger than the maximum lots for each trade.
Use Fixed Amount Of Money For Trades - when this setting is set to TRUE, Titan will calculate a certain $ amount to risk per trade.
Risk For Each Trade in Money - Example: if set this parameter to $100, Titan will only risk a maximum of $100 per trade.
Max Open Trades - this setting prevents Titan from opening anymore than a certain amount of trades at a time. Example: setting "max open trades" to 20 will mean Titan will enter no more than 20 open trades at a time.
Maximum Trade Spread - this setting prevents Titan from opening trades when the spread is higher than the "maximum trade spread". this setting is designed to keep you out of the market during high volatility news events when spreads are likely to widen. Example: if "maximum trade spread" is set to 13 and the current spread is 14+ Titan will not enter into any new trades.
