SmartScript Settings

Using This Manual

This manual covers the settings in the Build-A-Bot modal and
can be used as a reference guide if you have questions about
any of the inputs.
We detail and show screenshots for ONLY the Buy Settings. All
Buy Settings are also available on the Sell side. We did not see
a reason to double the length of the manual just for the sake
of showing both Buy and Sell Settings.
Convert Your System For Build-A-Bot
The easiest way to think of the Build-A-Bot Settings Modal and convert your
trading system into a format that make sense is using “If / Then” statements.
Like this:
 IF the Close Price Is Crossing Above the Donchian Channel Upper, THEN Sell
 This would be a single Trigger.

It may not seem very robust, but you can do a lot with “If Then” statements,
especially when you use “And”. Every “And” could be considered a Filter:
 IF the Close Price Is Crossing Below the Donchian Channel Lower, AND the RSI is
Below 30, THEN Buy
 This is a Trigger and 1 Filter.

 IF the Close Price Is Crossing Below the Donchian Channel Lower, AND the RSI is
Below 30, AND the MACD Is Greater Than MACD Signal, AND Alligator Jaws Are
Greater Than Alligator Lips, THEN Buy
 This is a Trigger and 3 Filters.

NOTE: IF you cannot explain your system using this format, THEN your system may be too
complicated OR your rules may not be as defined as you thought.
Input Modal
1. Visualization
 This allows the SmartScript to draw objects,
such as the Backtest Arrows.
2. Allow Live Trading
 This allows the SmartScript to place trades on
your account and displays the Lot Sizes.
3. Use Backtest
 This tests the conditions you set in the
SmartScript and displays the results.
4. Place Buy Trades
 This allows the SmartScript to place Buy Trades
and displays the Buy Trade Settings.
5. Place Sell Trades
 This allows the SmartScript to place Sell Trades
and displays the Sell Trade Settings.
6. Edit Indicator Settings
 This Dropdown Menu allows you to select an
indicator to change its settings.
Allow Live Trading
1. Check the Allow Live Trading checkbox to
display Lot Size Type and Lot Size
2. There are two types of Lot Size:
 Fixed Lots
 Risk Percent
3. Enter the Lot Size amount:
 If Fixed Lots is selected, this will be the Lot Size
for all trades placed.
 If Risk Percent is selected, enter a Percent
value; 1 is 1%, 2 is 2%, 10 is 10%, etc.
 Risk Percent uses the stop loss and the value you
enter here to determine the Lot Size (so if you
are stopped out then you only lose this percent).
IMPORTANT!
 If you select Risk Percent, then you should
use a Fixed Pip Exit or ATR Exit.
 If you use an Indicator Exit or Dollar Profit
Target, then the Stop Loss used for the Risk
Percent will default to 100 pips.
Use Backtest
1. Check the “Use Backtest” checkbox to
display Optimize Filters, Backtest Candles,
and Show Backtest Arrows.
2. Optimize Filters
 Select this if you are using 1 or more filters and
would like to see how each one performs.
 If this is selected, then the first test uses ALL
Filters, the second test uses NO Filters, and all
other tests use the Trigger and one Filter.
 This allows you to see how each of the Filters
performs when paired with the Trigger so you
can determine if any of them are not effective
Filters.
3. Backtest Candles
 This is the number of candles back you want to
run the backtest on.
 IMPORTANT! Be sure you have enough candles
on the chart to perform the backtest.
4. Show Backtest Arrows
 Check this box if you want Arrows to display
where trades would have been opened and
closed.
Place Buy Trades
1. Check this box to display the Buy Trade
inputs.
2. Trigger Source
1. This is the first condition in your Trigger, think
of it as the first half of an “If / Then” statement.
For example, “IF the CCI Is Crossing Above 100,
THEN Buy”
3. Buy Trigger Condition
1. This is a brief expression that describes how
the Trigger Source is related to the Trigger
Signal. For example, “IF the CCI Is Crossing
Above 100, THEN Buy”
4. Buy Trigger Signal
1. This is the variable that the Trigger Source is
being compared to. For example, “IF the CCI Is
Crossing Above 100, THEN Buy”
IMPORTANT!
 Some indicators cannot be compared to other
indicators, like the RSI or Stochastic which are
scaled 0-100. In this case, the Signal would
need to be a “Custom Value”.
Buy Trigger Source
This Dropdown Menu has a list of indicators
and price values.
IMPORTANT!
If something in this Dropdown has a “2” then
you can use multiple variations of it for your
trading.
 For example, use a 200 Period “Simple
Moving Average” in a Trigger or Filter,
then use the 50 Period “Simple Moving
Average 2” for the Exit.
Moving Average and Moving Average 2 have
additional options, like to use an Exponential
Moving Average.
Buy Trigger Condition
This Dropdown Menu provides you with the
available conditions that can be used to
compare the Trigger Source to the Trigger
Signal.
1. “Is Crossing Above” means the Trigger
Source is below the Trigger Signal and on
the next candle it is above the Trigger
Signal. “Is Crossing Below” is the opposite.
2. “Is Going Up” means the Trigger Source
has been increasing for the last 3 candles.
“Is Going Down” is the opposite.
3. “Is Turning Up” means the Trigger Source
was going down and the most recent
candle increases in value. “Is Turning
Down” is the opposite.
Buy Trigger Signal
This Dropdown Menu is the same as the
Dropdown Menu for the Buy Trigger Source.
Select an appropriate comparison for what
you selected as the Trigger Source.
Examples:
1. Trigger Source – CCI
 Trigger Condition – Is Crossing Above
 Trigger Signal – Custom Value (100)
2. Trigger Source – RSI
 Trigger Condition – Is Crossing Below
 Trigger Signal – Custom Value (30)
3. Trigger Source – Close Price
 Trigger Condition – Is Crossing Above
 Trigger Signal – Simple Moving Average
Use Buy Filters
The Filter inputs are the same as the Trigger
inputs.
1. Check this box to enable using Filters and
display the inputs for 3 separate Filters.
2. Use Buy Filter 1. Check this box to display
the Filter 1 Source, Filter 1 Condition, and
Filter 1 Signal.
3. Use Buy Filter 2. Check this box to display
the Filter 2 Source, Filter 2 Condition, and
Filter 2 Signal.
4. Use Buy Filter 3. Check this box to display
the Filter 3 Source, Filter 3 Condition, and
Filter 3 Signal.
IMPORTANT!
Filters usually use Conditions like “Is Greater
Than” or “Is Between”. However, they can
technically be any of the conditions.
Time of Day Filter
1. Use Buy Time of Day Filter. Check this box
to display the Start and End times if you
want to only trade during certain hours of
the day.
 Buy Time of Day Start. This is the time of
day when Build A Bot can start placing
trades.
 Buy Time of Day End. This is the time of day
when the Build A Bot will stop placing
trades.
Candle Type Filter
1. Use this Dropdown menu to select the
type of candle that has to close in order for
it to place a trade.
1. Either means the candle can be Bullish or
Bearish, so it basically disables this filter.
2. Bullish means that in order for a trade to be
placed, the most recent candle had to be a
Bullish candle (the Close Price is greater
than the Open Price)
3. Bearish means that in order for a trade to
be placed, the most recent candle had to be
a Bearish candle (the Close Price is less than
the Open Price)
Manage Buy Exits
1. Check this box if you want the SmartScript to
close your trades for you.
2. Buy Exit Criteria
 Fixed Pip Amount
 This allows you to set a Profit Target and a Stop Loss
 Fixed Dollar Amount
 Set a Profit Target in your account currency
 Indicator
 Source, Condition, and Signal inputs allow you to set
a Trigger that would close your trades. For example:
 Close Price Is Crossing Above Simple Moving Average

 After X Candles
 Enter the number of candles your trade can be
open. “5” would mean the trade closes in 5 candles
 Close of Candle in Profit
 The FIRST candle that closes with your trade in
profit will close your trade.
 Use ATR Value
 You can set a Multiplier for the ATR for Profit and
Stop.
Edit Indicator Settings
To change the settings of any of the indicators
you are using in your system, select the
indicator from this Dropdown menu and it will
display the input variables for that particular
indicator.
For example:
1. Simple Moving Average
1. Period (Default: 200)

2. Bollinger Bands
1. Period (Default: 20)
2. Deviations (Default: 2.0)
3. MA Type (Default: simple)