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Arcturus Algo Setting

Documentation about how to tune the settings

Keep in mind! (Read this)

Arcturus Algo is a scalping bot that aims to enter and exit the market quickly. Making small gains over and over again. That is why this algorithm should be evaluated after at least 3 months or 100 trades.

How to tune the settings

  • This guide is about how to tune the settings and get a good backtest.

If you know what to adjust you will be able to create good strategies for almost any market and timeframe. Please read this guide and play around with the settings. Or you can see our Examples Markets / Timeframes.

 

Let’s get into it

 

Optimize the backtest in the following order

Step 1

  1. This is how the setting panel looks like on default. 

 

Step 2

The first settings to consider to change is “Precision/Confirmed Entries”

  • When you have the box enabled the Precision Entries is active. (Go to Step 3). 
  •  When you have the box disabled the Confirmed Entries is active.

>> The first thing you can try to do is to disable the Precision/Confirmed Entry’s box. The code will then use the Confirmed Entries. Check how the backtest looks like now. 

 

This setting is used to optimize the code in different market characteristics. 

Step 3

If you have the “Precision/Confirmed Entries” box enabled you can try to optimize the “Precision Sensitivity”

High value = Fewer Signals. 

Step 4

The user can also add an Extra Filter that sets the underlying trend. 

  • You can Select Filter 1  or  Filter 2 

You can then try to change the Filter value between 1-5.  An lower value means fewer signals (in most cases).

 

Step 5

The last step is to change the Exit Signals, you can change between using Precision Exit’s and Confirmed Exit’s (Confirmed Exit’s is Default). Try to enable the Precisions Exits and see how the backtest looks now. 

The user can also choose Adaptiv Exit and Customize Trailing Exit.

> If you use the Adaptive Exit no extra adjustment is needed. 

> If you select the Customize Exit you use a TrailingStop. You can set the TrailingStop Type and its Distance. 

The last step to optimize is if the Algo should look for both Long and Short Trades, or Only Long, or Only Short. If you see that the market is in a Long-Term Positive Trend you may consider only LONG. If you see that the market is in a Long-Term Negative Trend you may consider only SHORT. 

 

FAQ

Frequently Asked Questions

What is Arcturus Algo?

Arcturus Algo is a is a backtested Algorithm that is ready to be automated.

Arcturus Algo is a scalping bot that aims to enter and exit the market quickly. Making small gains over and over again. That is why this algorithm should be evaluated after at least 3 months or 100 trades.

Where do I find Arcturus Backtest?

Once you have access to the Algo and have applied it to your chart the strategy tester should pop up automatically on the bottom of the screen.

If the backtest doesn’t pop up you can click on “Strategy Tester” at the bottom of the screen.

_____

Check the full backtest reports and some examples of markets/timeframe with backtests here 

https://zeiier-man.com/arcturus-algo-markets

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Read more about how the strategy Tester work here:

How do I automate my trading using Arcturus Algo?

Arcturus Algo has inbuilt real-time alerts that can be connected to any broker of your choice that (allows automated trading). 

We have a guide on how to set the alerts, and where you should put the Syntax/Message from your broker as well as where to put your WebHook URL. Read More Here

We at Zeiierman do not offer any support on how to set up the integration between the TradingView alerts and your broker. There are many third-party services that offer this kind of service.

However, you can always interact with other users in our Discord Channel and ask for help.

Why do we provide a fully backtested automated bot?

Many of our traders in the community want to automate their trading as a complement to their manually trading.  We at Zeiierman have listened to their suggestions and decided to launch one fully automated Bot.

We do also see that more and more people are looking for automated trading so we decided to be part of the future of trading.

In which market & timeframe does Arcturus work in?

The algorithm works in any market and timeframe, you as a user can backtest which settings, market, and timeframe that works best. We at Zeiierman have backtested the algorithm in some markets and timeframes. Read More here

You can also get more info on our Discord Channel.

How much experience do I need to use it?

Generally speaking, Our tools and system can be used by anyone.

 

Regarding Arcturus Algo:

No particular trading experience is needed since the Algotrhim (Arcturus) does all the Trading. However, since you have to set up the integration between TradingView Alerts to your broker you need some knowledge of how to do that. 

What do I need?

To use Zeiierman’s Indicators and Systems and Arcturus, you will need the following things:

1. A free account with Tradingview.com

2. A broker to place trades. Examples: Robinhood, Webull, MT4, Oanda, TD Ameritrade, CoinBase, Kraken, IG.

3. A third-party service that can connect TradingView Alerts to your broker.

 

What kind of support can I expect?

We at Zeiierman are here to help you with everything that is related to the Bot and our Premium & Advanced Indicators.

We at Zeiierman do not offer any support on how to set up the integration between the TradingView alerts and your broker. There are many third-party services that offer this kind of service.

However, you can always interact with other users on our Discord Channel and ask for help.

How should I use Arcturus Algo? (Important to read)

Make sure that you understand what Arcturus Algo is, and what the backtest means.

We do not recommend anyone to over-leverage or put all your savings at stake. This is not a "get rich quick - algorithm", Arcturus Algo should be evaluated after at least 3 months or after 100 trades. Make sure that you can run the algorithm for that long. That is why you should control the risk you're taking. Do not put everything at stake.

1. Control your risk, start with money you can afford to lose.

2. Make sure that you can run the algorithm for at least 3 months or 100 trades.

3. Do not over-leverage.

4. Use this Algorithm as a complement to your manually trading

 

Read our Disclaimer!

Disclaimer

Copyright by Zeiierman.

The information contained in our scripts/indicators/strategies/Bot/Algos ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/strategies/Bot/Algos are only for educational purposes!