On the way of making your trading strategy you need to define for yourself:
1. Trading instrument (which pairs to trade)
2. Time to enter the market (trade session, day of week)
3. Criteria to open the trades
4. Money management
5. Risk management
6. Trades management
7. Trading account management
After that you can set needed parameters and signals which matched to your strategy and trading plan.
In navigator window of metatrader4 terminal you can find new Xentrader folder with signal indicators which sending their parameters to Xentrader engine. By combining the signals you can visualize or automate numerous of trading strategies.
Xentrader have five trading signals groups each one can be used to visualize indicators data, open trades, close trades and master filter for all groups of signals. To change behavior of the particular group you need to choose from the list needed option in Xentrader settings Presets area trading group options.
In the one particular group you can add numerous trading signals which you can find in indicators list called xentrader signals. The trading signal is valid only when all signals in the group showing the same signal direction.
All that means the one xentrader instance can trade with five strategies same time.
By default all signals have shift parameter equal 1 it means the signal whatching previous closed bar of the chart to validate the signal. In some cases you need set shift parameter to 0 to use current bar signal validation, but without understanding it can be cause of fake signals because the price of the bar also the indicators are changing the values so it can give sell or buy or close trades signals on one bar same time while this bar not closed.
In automation settings area you can set additional automation rules like amount of trades, amount of buy sell trades, daily filters, risk reward ratio limit, stop loss max limit, reverse trades, locking, swing trades, account drawdown and profit trading, candles filters etc
After all settings is done you need to backtest this strategy in strategies tester with different periods of time. Analyze the stats your will get and adjust the strategy to your criteria.
You can skip backtesting phase if you understand results of your trading methods especially if you trade using trade pad with trendlines or support resistance triggers and the xentrader is used as risk manager to manage your trades and trading account performance.
With the tools we've created you can also emulate work of other robots from the internet, backtest well known trading strategies and decide to trade with not by screenshots of charts but true data statistics of performance that strategy in the market. This is prevent of money spending to holy grail indicators, strategies sellers.
We want every trader will use automation and risk management by their will. 2019 year already, algorithms can do needed work for everyone without limitations.