You can use for receiving trading signals on the MetaTrader 4 or MetaTrader 5 platform. Considering that asset quotes are the same on all platforms, you can receive signals on MT4 or MT5, and trade on any platform that you like or that your brokerage company provides for trading.
Now we will describe in detail how to install the Octopus indicator in the trading platform, configure it for trading and earn money. Let’s go!
So, after you buy an indicator, we will write your name (or account number) in the indicator code, and after that you can start using it. To do this, you need to:
Reboot your trading platform so that the indicator appears in the internal menu:
Open the quote chart of any asset from the Market Watch of your platform. Reduce the quote chart to the minimum Zoom and drag the indicator to it. We recommend using the indicator on timeframes M15 and higher.
Of course, Octopus Stock trading system is not a magic Grail. Therefore, the statistics of the profitability of this indicator for different assets may be different. However, in any case, the self-optimization algorithm in the indicator will find the best parameters for trading. If you have performed self-optimization of the indicator and received bad statistics, then this trading asset may not be suitable for trading on the Octopus strategy at all.
After you have placed Octopus Trading System on the quotes chart, open the manual settings of the indicator and upload the set-file to optimize the indicator.
For example, if you are setting up a GBPCAD currency pair on the H1 timeframe, you need to select a set file to set up currency pairs with the corresponding timeframe.
Enable the self-optimization algorithm to TRUE. Click OK.
The platform will freeze for a few seconds. At this time, the indicator will perform complex mathematical calculations and search for the best parameters for trading. After the optimization is over, the indicator will show statistics of the strategy that it has chosen for trading on the history of the quotes chart.
You will see the results in a separate window.
You can get approximately the same results if you run the indicator signals.
Even a beginner can trade with the Octopus Trading System indicator. Here are the functions that the indicator will do automatically:
All you need to do is follow the indicator signals and earn money.
Auxiliary take Profit level. Use this level to manually set a Take Profit order. This will help you fixate a profit if you missed the closing signal. As a rule, the signal to close a trade coincides with this auxiliary Take Profit level.
* Linking to the trading account NUMBER — allows to use the Octopus Trading System on one specific trading account (with a specific number) for an unlimited time. After the purchase, the user specify the trading account number – we write this number inside the indicator code. Thus, the indicator will work only on the account number that is write inside its code.
** Linking to the trading account NAME — allows to use the Octopus Trading System an unlimited time on an unlimited number of trading platforms, computers and trading accounts. After the purchase, the user specify the trading account name – we write this name inside the indicator code. Thus, the indicator will work only on the account name that is write inside its code.
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