Indicators - two non-standard indicators forming the intraday channels "boxes" and calculation levels of channel break-though along with profit fixing, offering few options on current day and displaying them of the chart. Standard ZigZag indicator, securing the profitable position on quote reversals.
Money Management - automated volume control of trading position for market entry in relation to the trading account's balance size.
Time control module - module has few algorithms of action :
●Closing the profitable trade on set time, if it was not closed by the TakeProfit and if profit trail is not in act..
●Pending order placement limitation for market entry after set time. In majority of the trading settings, we forbid pending orders placement before or right after European session closure.
●Lifespan of position. This parameter controls the time that position will spend in the market, in minutes. If past specified time takeprofit was not fixed, trail activated, or the end day profit fixing time is not reached, position will be closed in any profit, even in fraction of a point. This option proven its effectiveness, when the projected signal for market entry was not validated.
Hedging module - Algorithm of actions was missed by the traders who trade with the use of averaging. Now, there are no reasons for to worry about the possibility of deposit drawdown because of a long term loss making position, or its long output in total profit by the same trading instrument, in case if there will be a problematic loss making position.
Now with the help of loss hedging module, loss making positions are taken care of on account of profits fixed on the other instruments. And in most cases, even before the averaging module acts. On account of this module, possible drawdowns decreased by two times, along with increased profit factor and math expectation. In total the trading results improved significantly.
Targeted profit module - this module fixes the total profit of all trading positions, as specified in the trading settings.
Two options are available:
Intraday profit. You can set for example, a 2% of daily desired profit. After set target is reached, taking into account all opened positions, IQ BOX will fix the profit and stops its trading for the day. For the last trading day of the week, separate profit targeted profit values is set, as the targeted profit in Friday is usually 2 times less than the other trading days of the week.
Profit groups - this targeted profit calculates the total profits on opened one directional positions, for buys and sells separately.