Royal Algo V2 Updates

Royal Algo V3 - Coming August 30

What’s new?

All the following settings can be disabled and enabled based on your preference.

- Market session indicator on the chart or in the dashboard (Time is adjustable based
on your timezone)
- Limiting signals on active market session
- Market state indicator on the dashboard (Trending and Ranging)
- Adjustable TP & SL based on volatility
- Smart dashboard to see all signals on multiple timeframes

Royal Algo V2 New Updates

All updates regarding new features of Royal Algo will be posted here.

What’s new?

All the following settings can be disabled and enabled based on your preference.

- Adjustable TP & SL based on volatility
- Disable TP & SL line when hit

Below is a more detailed explanation

Inputs - Feature Settings

All the new features can be disabled/enabled based on your preference on settings under input.

Style Settings

Position of TP & SL line from the current bar (in bars) - This allows you to adjust the position of the TP & SL line in front of the current bar.

Disable TP & SL when hit - This will hide the TP & SL line when either one is hit.

Color Settings

Entry color - This allows you to customize the color of the entry line.

Buy color - This allows you to customize the color of the buy signals.

Sell color - This allows you to customize the color of the sell signals.

Indicator Settings

Sensitivity #1 and Sensitivity #2 - Original settings of Royal Algo V1. Check the strategy section under Adjusting Sensitivity Settings on our website for more.

No changes were made on Sensitivity Settings.

Built-in TP & SL Feature - ATR Settings

This built-in TP & SL feature is automatically adjusted based on market volatility. You can adjust TP & SL lines based on your risk tolerance.

ATR Multiplier for TP1 - This allows you to adjust TP1 lines. Value of 1 means averaged one bar length.

ATR Multiplier for TP2 - This should be 2x the amount of TP1 value.

ATR Multiplier for SL - This allows you to adjust the SL lines. Value of 1 means averaged one bar length. This amount is suggested to be equal to TP 1.

Reminder: It is suggested to wait for the signal candle to close before entering to fully confirm the signals.

Also, it is very important to focus on the most active time of the day where there is a lot of volume for consistency.

TP & SL Recommended Risk Settings

You can adjust the TP & SL lines on the settings by changing the values of TP & SL multiplier.

Moderate Risk Setting (RECOMMENDED)

TP1 = 3
TP2 = 6
SL = 3

High Risk Setting

TP1 = 4
TP2 = 8
SL = 4

You can always go lower or higher depending on your risk tolerance.

All done!

Feel free to explore Royal Algo on your chart and check out the strategies section if you haven't already.

INFO

If you need any assistance or have any questions, please reach out to us via email on our website under the contact us section or the email down below. Royal Algo offers 24/7 support. But due to high traffic, it may take a few hours for our support team to respond. We will do our best to get back to you in a timely manner.

Please email us at @royaltradingalgo@gmail.com