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INFINITY TRADE UTILITY For Trend Line Indicator: (User's Manual)

This document provides a user manual for the INFINITY TRADE UTILITY indicator. It summarizes the three main components and trading modes of the utility: 1) automatic trading, 2) manual trading, and 3) semi-automatic trading. It also outlines the key settings for money management, order placement, indicator parameters, and notifications. The utility is designed to assist traders in automatically or manually opening and tracking trades based on signals from the INFINITY TrendLine PRO indicator.

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tony Benson
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720 views9 pages

INFINITY TRADE UTILITY For Trend Line Indicator: (User's Manual)

This document provides a user manual for the INFINITY TRADE UTILITY indicator. It summarizes the three main components and trading modes of the utility: 1) automatic trading, 2) manual trading, and 3) semi-automatic trading. It also outlines the key settings for money management, order placement, indicator parameters, and notifications. The utility is designed to assist traders in automatically or manually opening and tracking trades based on signals from the INFINITY TrendLine PRO indicator.

Uploaded by

tony Benson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INFINITY TRADE UTILITY for Trend Line indicator

(User’s manual)

The trading utility includes three components in


one. The utility in AUTO mode can trade as a regular
expert Advisor. The Utility also represents a trading
panel for opening and tracking orders based on the
indicator signals in MANUAL or SemiAUTO mode. There
is a set of money management settings for orders and
visualization of transactions through the INFINITY
TrendLine PRO indicator as well.
Utility settings are extremely simplified and easy-
to-use. The main menu of the trading panel looks
complicated, but quite intuitive and understandable
even for a beginner.
The trading panel displays the basic settings on
the screen for the convenience of the trader.
The utility works for several trading modes:
I. Automatic trading mode of the EA (AutoTrade)

When this mode is chosen the trading panels turns into AUTO TRADE (ANY) mode.
BUY only and SELL only trades are available.

II. Manual trading mode of the EA (MANUAL)


This mode is set according to a previously configured template of ТР and SL levels offered by TrendLine
and other settings. When the signal is received, you only need to press the CONFIRM SIGNAL key and the
orders and target levels will be set instantly. Or click to cancel SIGNAL SKIP.

III. Semi-automatic mode of the EA (SemiAUTO)


When the signal is received, the Utility activates the indicator signal on its own and sets the target TP and
SL levels, then it switches to MANUAL mode. The user can choose which trade to take Only SELL/ANY/Only
BUY. The trade will be closed automatically by TP, SL or the opposite signal of the indicator.
Setting up orders
This might be the most important part in trading, since your profit and risk depend on the order settings.
The utility has three MM (Money Management) control parameters:
Fixed LOT (use this setting to apply a fixed lot)

Risk % of Balance (risk calculation per StopLoss level to the account balance). This is set for each order,
the allowable loss is set as % of the Deposit and the SL distance from the entry price. The further SL the
smaller the trading lot is.

% of Balance (a certain percentage of the balance is set). The size of the trading lot is floating,
depending on the increase or decrease of the account balance.

You can set your risk amount for each order.


The distance of orders is set in the same way as in the TrendLine indicator. If the value =0, the order is
not used.

Indicator parameters setting

All parameters must match the indicator settings to correctly display trades and match the indicator and
Utility signals.
Settings by TrendLine indicator are prior when INDICATOR is selected.
You can also use the TP and SL values in the utility Settings (General Setting).
In GeneralSettings mode all three orders will be closed at the same level of TakeProfit or StopLoss instead
of calculating by the extremes of the ZigZag indicator. To create the effect of trading three orders with
different TP sizes in General Setting mode, use three versions of the Utility on different charts of the
same pair with different magic values.
If you use several versions of the Utility and/or other bots on the same pair, the magic numbers for
managing orders of different Utilities should differ by number. Otherwise, orders can be closed incorrectly
by other bots.

Related parameters
Breakeven – the function converts the order into a breakeven area after the set value of pips.
Trailing - activates SL at a specified distance from the price above the entry point. This is actually a
breakeven as well just following the maximum value of the price.
Close the deal at the opposite signal of indicator – if the value is active, it will close orders when the
signal of the opposite trend is received (it is recommended to use the true value)

SuccessRate – the success % is set, trading at any TP level is not available below
this value. This value is displayed on the indicator panel for each TP and varies
depending on the removal of the TP level from the entry point.
Max-deviation of the SPREAD – protection of spread deviation:

This parameter should be 3-5 times higher than the average spread on the trading tool from H1 and above
and 1.5-2 times higher when scalping at M30 and below.
The real value of the spread on the pair and abnormal deviation can be measured by the indicator INFINITY
STATISTICS.

Max-deviation of the PRICE – this parameter is similar to the previous one. However, sometimes the trade
cannot open at the indicator price. In this case, the Utility can try to enter the market within the signal
bar and within the current parameter range. If the parameter is equal or less than the spread, the trade
does not open. We recommend setting this value 2-3 more than the spread.
Trading Direction – with this parameter, you can select the trades, which the Utility completes by default
in any trade mode. After changing the chart or pair or activating the Utility, these parameters are set as
the main ones, but they can be changed in the trading panel on the chart.

Trade Mode – this is necessary to define the default trade mode. These parameters can be changed like
Trade Direction, it can be changed at the Utility panel, at the chart. However, these parameters are set as
major when changing the chart or the pair or when the Utility is activated.
Unlimited time to make a deal - parameter allows you to confirm the transaction not only on the first
bar, but at any time of the whole trend.
Calculation Range (bars) - parameter in the Utility settings is recommended to set no more than 500, so
as not to overload the terminal memory.
Use Open/Close Time Filter - used to exclude new signals in the range of the 24 hour period. If a new
signal falls within a selected range, it is rejected during calculations and notification.
Recommend to use intraday trading only.

Example_1: The Time Filter is turned off, as a Example_2: The Time Filter is set to "sleep" from
result of which the indicator counts all 20:00 to 6:00. Such a setting has a positive effect
transactions including nightly ones while the on trade. Result = 4044 pips
market is in flat and there are many false
signals. Result = 2565 pips

Message notification
Notifications can be set differently (Alert/Push/Email) as in TrendLine indicator:

To learn how to set Push notifications go to:


https://www.metatrader4.com/ru/trading-platform/help/setup/settings_notifications
To learn how to set Email notifications go to:
https://www.metatrader4.com/ru/trading-platform/help/setup/setup_email
For ease of using TRADE UTILITY_TL individual settings for each pair or timeframe should be saved in
*.set file

FAQ:
1. Why do we need the Utility?
The utility is needed to open and track transactions in your scenario when a trader needs to make
automatic or manual trades in a given trend direction.
2. How to install or update purchased INFINITY?

Log in to the MT4 terminal under your username and password ID on the MQL5.

Go to the Market folder and check the INFINITY in the Purchased folder. Install it on your MT4
terminal.

The INFINITY will be in the Market folder.

Attach the INFINITY to the chart.


3. What is the difference between the Utility and the EA?
Any trading robot contains some trading strategy in its logic and trades only according to the specified
algorithm. The utility has another task, it performs the function of automatic support of the transaction,
but does not perform trading operations for any one strategy. You can use the utility in a variety of ways
(channel trading, trending / anti-trending, using the HTF filter or in your own strategy with classic
indicators)
4. Why do the results differ from the rate of the Success Rate on the display when you run the utility in
automatic mode?
The indicator counts the number of pips for each of the three TP or SL levels and does not take a spread,
and the Utility counts the result in the Deposit currency. It all depends on the size of trading lots and
leverage used. There are no such settings in the indicator.
Remember that the Utility is not an expert Advisor that you have attached to the chart and forgotten. The
utility is necessary for you as an assistant in trading, but the decision on the transaction is yours.
The best trading results are achieved by using selective trading with different filters.
5. How is the Utility installed in the terminal and how long can I use it?
After payment, the Utility is automatically installed in your MT4 terminal and activated. You have 10
activations (one for each version of Windows. When you upgrade Windows or install on a new computer,
the number of activations decreases.) Each activation (installation) has an unlimited duration.
6. Which mode is better for trading?
We would advise you to start with manual mode on a demo account, after which you can switch to semi-
automatic mode and trade on a real account.
7. How do I know that the signal came from the indicator and it's time to open a trade?
You can configure the Utility to notify you by Alert or push notification or email.
After receiving a signal in MANUAL mode, you need to make a decision to confirm the transaction or
refuse the transaction.
In semi-automatic mode, the Utility will enter in the specified direction and then switch to manual trading
mode.
8. How can I set the parameters of the utility correctly?
It is very important to set the same parameters for the INFINITY TrendLine PRO and Trace Utility indicator,
then the trades and the indicator signals will be the same.
First, select the settings of the TrendLine PRO indicator so that the indicator panel has the maximum
number of pips in the Result parameter for a sufficiently large period of Calculation Range (bars). I use the
range from 3500 (half a year) to 7000 (year) for the H1 chart, for representativeness of calculations. Then,
save these settings to *.set the file and transfer these settings to the utility settings.
9. What parameters should I use to work with the utility?
It all depends on your target and your trading strategy. The TrendLine indicator and the Utility have many
configuration options. You can scalp for 5-30 minutes or trade long on D1-MN1 or use your "secret" filters
and settings.
10. How to move the edge of the candles when using Utility?
Pull the triangle in the upper right corner of the chart.

Any questions or errors identified in the INFINITY TrendLine_TL send to e-mail: [email protected]
We will appreciate your evaluation of INFINITY products on the market.

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