⚙️Settings
Here's a comprehensive summary of each setting in the Jester Oracle Bot and what it does:
Account Settings
Account Size
Defines the starting capital for your backtest simulation.
Default: $1,000 (customizable)
Impact: Determines position sizing and overall profit/loss calculations. Larger account sizes result in larger position sizes when using the same risk percentage.
Where to Set: Initial setup or via the Settings menu.
Risk Per Trade
Percentage of your account you're willing to risk on each trade.
Default: 1% (customizable)
Impact: Directly affects position sizing; higher risk percentages result in larger positions and more volatility.
Where to Set: Initial setup or via the Settings menu.
Fee Settings
Maker Fee
Fee charged when placing a limit order that adds liquidity.
Default: 0.1% (customizable)
Impact: Influences trade costs and net profitability. Typically lower than taker fees.
Where to Set: Initial setup or via the Settings menu.
Taker Fee
Fee charged when placing a market order that removes liquidity.
Default: 0.2% (customizable)
Impact: Generally higher fees impacting total cost and net profitability.
Where to Set: Initial setup or via the Settings menu.
Exit Strategy Settings
Disabled (Full Position)
Entire position is closed at once.
Impact: Simplest approach; profits or losses realized fully at exit.
Take Profit 1 Only
Exits entire position at first take profit (TP1).
Impact: Conservative, secures early profits but may miss further upside.
Take Profit 2 Only
Exits entire position at second take profit (TP2).
Impact: Aggressive, aims for higher gains but risks reversals.
Both TP1 & TP2
Splits position between TP1 and TP2.
Impact: Balanced; secures partial profits early and allows remaining to pursue higher targets.
Configuration: Define percentage exiting at TP1 (e.g., 50%), remainder exits at TP2.
Bias Switch Only
Entire position closes upon market bias change.
Impact: Trend-following; remains open until bias shifts.
TP1 + Bias Switch
Partially exits at TP1; remainder closes upon bias change.
Impact: Captures profits at defined levels while maintaining trend exposure.
Configuration: Define percentage exiting at TP1; remainder exits at bias switch.
TP2 + Bias Switch
Partially exits at TP2; remainder closes upon bias change.
Impact: Targets larger initial profits and maintains trend exposure.
Configuration: Define percentage exiting at TP2; remainder exits at bias switch.
TP1 + TP2 + Bias Switch
Exits portions at TP1 and TP2; remainder closes upon bias change.
Impact: Sophisticated; allows multi-level profit-taking and continued trend exposure.
Configuration: Define percentages exiting at TP1, TP2, with remainder exiting at bias switch.
Exit Percentage Settings
TP1 Exit Percentage
Percentage of position exited at TP1.
Range: 10%–100% (customizable)
Impact: Higher percentages secure more profits early but reduce potential upside.
TP2 Exit Percentage
Percentage of position exited at TP2.
Range: 10%–100% (customizable)
Impact: Defines how much profit is secured at second target.
Bias Exit Percentage
Percentage exited when market bias changes.
Calculation: Automatically determined based on remainder after TP1/TP2 exits.
Impact: Flexible; finalizes trade exits based on trend shifts.
Additional Features
Extract Settings
Allows extraction of your current settings to the automation workslow
Impact: Useful for documentation or sharing configurations.
Analyze Version Performance
Compares performance across algorithm versions.
Availability: Standard tier users and above.
Impact: Identifies optimal algorithm versions matching your trading style.
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