⚙️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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