Tekton-eManual- bal edit - Tekton – Algotrading simplified · 2020. 5. 5. · Introduction to...

Tekton e-manual

Contents / Tekton e-manual / 2

Contents

Introduction to Tekton 3

Registering with Tekton 5

Logging into Tekton 7

Password Recovery 9

Creating a strategy 10

- Think it 12

- Build it 12

Strategy description 19

Change your risk settings 21

- Test it 23

- Trade it 28

Stopping your strategy 29

Introduction to Tekton

Introduction to Tekton / Tekton e-manual / 4

95% of traders still trade the old-fashioned way: manually. That’s because traditionally algotrading software has been prohibitively expensive and complicated to use and run.

All you need is a trading plan and the XOH Trader platform. Tekton will take care of the rest, 24 hours a day.

Here are a few of the things Tekton can do for you:

• improve your risk and money management

• send stop-loss orders automatically (your risk appetite

per trade)

• let your profits run (so you don’t get greedy)

• remove emotion from the equation so you can

start trading objectively

• help you become a more disciplined trader

• make sure you stick to your trading plan

• give you the same edge as the financial institutions

that have been using expensive, maintenance-heavy

algotrading solutions for years

Introduction to Tekton / Tekton e-manual / 5

Not anymore. Tekton algotrading software is completely free and amazingly easy to use, making it an ideal solution for retail investors without coding experience who want to make smarter, more disciplined trades.

Registering with Tekton

Registering with Tekton / Tekton e-manual / 6

Register for a Demo accountTo register for a demo account with Tekton, click here:https://www.poweredbytekton.com/try-tekton/

If you’ve already registered for a demo account with Tekton you can access it here: https://builder-demo.2ringmarkets.com

Signup for your Live accountTo access Tekton through a live account, just follow this link to our Broker Partners:https://www.poweredbytekton.com/start-live-trading/

Registering with Tekton / Tekton e-manual / 7

Please note: If you already have an account number with one of our Partner Brokers, you can use that number to log in to Tekton, as long as your broker has licenced the software. Clients from other brokers will be able to access Tekton algotrading software by registering through 2Ring Markets.

If you’ve already registered for a Tekton account, you’ll have received either a Demoor Live account user ID through your broker.

https://www.poweredbytekton.com/try-tekton/https://builder-demo.2ringmarkets.com/https://www.poweredbytekton.com/start-live-trading/

Logging in to Tekton

Logging into Tekton / Tekton e-manual / 8

Once you’re logged in, you should see the following screen

Please note: Your user ID (highlighted in yellow above) will appear at the top right of the screen next to the hamburger menu, along with the type of account you have (live or demo).

In the screenshot, no strategies are currently running and no trades have been closed by Tekton. That’s why the P&L appears as 0.

As soon as you start running trades, the P&L will show the number of pips made or lost for your running strategies.

By clicking on the top right menu bar, you can select your language of choice or log out.

Logging into Tekton / Tekton e-manual / 9

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Password recovery

Password Recovery / Tekton e-manual / 10

If you ever forget your password, please contact your broker and they’ll reset it for you. We at Tekton don’t store any password information.

For Demo Accounts created from our website, you can contact us and we can reset your password.

Important: Always keep your password information safe and never share it with anyone, either by email, phone conversation or any other form of communication.

Creating a strategy

Creating a strategy/ Tekton e-manual / 11

To create a new Strategy, click on the CREATE NEW STRATEGY button.

2.

The following screen will appear. This strategy screen has been prepopulated with default values.

When you’re ready to create your own strategy, try this simple, four-step approach:

Think of a trading plan you’d use if you were trading manuallyBuild it easily using Tekton softwareTest it against actual historical market conditionsTrade it live once you’ve gotten it just right

Creating a strategy / Tekton e-manual / 12

1

After you’re done creating your strategy, it’s time to select the instrument (FX Pair) you want to trade and set your money management and risk settings(which depend on your trading appetite and ability). With Tekton, you can:

a. choose your TRADE SIZE(to fit your margin requirements)

b. fix your RISK AND REWARD SETTINGS

c. adjust your TOTAL DRAW DOWNand STRATEGY PROFIT

d. select the CANDLE PERIOD you want your strategy to run for

Think it- Build it / Creating a strategy / Tekton e-manual / 13

Think itIf you’ve been following trading charts and you’ve checked out the price action on various instruments, you may have also applied indicators to your charts so that you could spot patterns that might have appeared at different times throughout the trading period. Technically speaking, these are your price movements. Tekton can help you spot those patterns easily.

Build itAll algorithms follow a simple formula: INDICATOR followed by COMPARISON/OPERATOR followed eventually by ACTION. This is what it looks like:

If MovingAverage ( 50, "Ema" ) CrossesAbove MovingAverage ( 200, "Ema" ) Buy

INDICATOR COMPARISON INDICATOR ACTION

Click the ADD ALGORITHM button on the right.

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The following screen should appear.

Your algo always starts with an “if” statement. Note that there are only two buttons that can be pressed on this screen f(X)INDICATOR and 123 NUMBER.


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Imagine we want to run a simple cross-over strategy that involves moving averages. Let’s say we want our algo to run if the 50 EMA crosses the 200 EMA.

To create our algo, we’d just press the following buttons:


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Notice that there are only two further options to choose from: COMPAREand +-ARITHEMTIC

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Under COMPARE, select your OPERATOR, here CROSS ABOVE.

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Now select another indicator to compare it against:

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Select an ACTION.

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And hit confirm.

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Your strategy will now appear on the My Strategies screen, shown here:

You can now save your strategy or delete it.

If you do save it, give it your own name. Otherwise it will default to STRATEGY 1 (or 2, 3, 4, etc., depending on how many strategies you’ve created).

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Strategy description

Strategy description / Tekton e-manual / 20

You may also add a strategy descriptionfor your own reference.

Strategy description / Tekton e-manual / 21

Change your risk settings

Change your risk settings / Tekton e-manual / 22

Here’s how to do it:

1. Choose your TRADE SIZE based on your margin and leverage

2. Adjust your SYSTEM TOP LOSS (max risk per trade)

3. Set your SYSTEM TAKE PROFIT (max reward per trade)

4. Set your TOTAL DRAW DOWN(what you’re willing to lose if your strategy fails), so you don’t burn your account

5. Set your TOTAL TAKE PROFIT to allow your strategy to run if the same conditions are being met

6. Select your CURRENCY PAIR7. Change the CANDLE PERIOD

(different strategies give different results over different timeframes)

Always save your settings.

Now you’re ready to backtest your strategy against the market. With Tekton, it’s easy to use historical data to see how your strategy would actually have performed in the past.

A disciplined trader always sets their money management and risk/reward settings. Once you’ve created them, you can apply your preferred settings to any trading strategy you make with Tekton.

Change your risk settings / Tekton e-manual / 23

Test it / Change your risk settings / Tekton e-manual / 24

Test itIt’s always a good idea to backtest your strategy to see how it would have performed in the past.

Even if past performance never guarantees future results, it can still give you a good indication of how your strategy might perform in real life conditions.


Your backtest has just begun. How long Tekton will take to produce results depends on the complexity of the algorithm and the amount of data.

Tekton’s backtests currently go as far back as January 2017.

Once the results are ready, you’ll see the following screen:

To backtest your strategy, choose RUN TEST.

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Then select either Test over all dataor Test specific days.

Finally, click the RUN TEST button at the bottom of the screen.

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Results

Click the + sign to the right of each section to expand


Profit / Loss Chart

Click the + sign on the right for each section to expand

Trades


History of all Tests

You can also see a history of all your backtests by pressing the HISTORY OF ALL TESTS button.

This will show the following as an example

If you click on individual dates, you’ll be able to see the results and P&L for each test. This makes comparing your backtestresults using different risk settings, or different instruments and candle periods, simple and intuitive.


Trade it

The following screen will appear:

Trade it / Change your risk settings / Tekton e-manual / 29

Now you need to decide whether to run your strategy overnight (and accept rollover charges) or to run it during trading hours (eg. from 7am to 7pm everyday).

Once you’ve decided, click the START TRADING button.

Congrats! You just thought, built, tested and traded your first strategy with Tekton. There are plenty more on the way.

When you’re happy with your backtests and you’ve configured your strategy just the way you want it, you’re ready to start live trading. Just select START TRADING.

Stopping yourstrategy

Stopping your strategy / Tekton e-manual / 30

If at any time you want to stop your strategy , just do this:

Stopping your strategy / Tekton e-manual / 31

Press the STOP TRADING button on the right (highlighted in yellow)

That’s it. Tekton has just stopped your strategy.

Tekton-eManual- bal edit - Tekton – Algotrading simplified · 2020. 5. 5. · Introduction to...

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