The default settings are not necessarily the settings for you to use. You should speak with the person that invited you to Auvoria Prime and use Kraitos for trading. There are different strategies people use with varying levels of risk. This also makes watching the Kraitos Weekly Insights call on AP Live or the recording on the YouTube channel important. Dominik shares valuable insights on using Kraitos for trading.
Introduction to Kraitos
Kraitos was designed to take your forex trading to the next level. In this article, we will give you an in-depth look at the features and capabilities of Kraitos and show you how to maximize your profits in the foreign exchange market.
Kraitos is a software built specifically for the forex market, focusing on predicting market reversals and swing trading. It is compatible with any broker that supports the MT5 platform and can be customized to suit your risk appetite.
The software's algorithms have been rigorously tested on various forex pairs and proven effective even in the most challenging market conditions. Kraitos uses a combination of technical indicators and chart patterns to identify entry points and adaptive scaling techniques to manage trades. The ultimate goal of the software is to achieve consistent growth while maintaining a responsible approach to risk management.
Take your time to understand the settings and what they do. If you are in doubt about something, consider leaving the default value. You can also reach out to your team members in Auvoria Prime and ask questions in the Discord Group to understand the settings better.
Decision Units in Pips
Default - 35
The value entered here determines the distance between hypothetical units in pips. These units calculate the lot size of managing trades in the trading software. This setting allows the user to specify the pip distance between units, which is then used to calculate the appropriate lot size for each trade based on the current market conditions and the user's specified risk appetite.
For example, if this is set to 50 pips, the software will divide the market into units that are 50 pips apart. When a trade is executed, the lot size will be calculated based on the market's current unit and the user's specified risk management settings. This allows the software to adapt to changing market conditions and adjust the lot size accordingly.
Minimum Required Distance Between Trades in Pips
Default - 35
This option sets the minimum number of pips that must be present between the last trade and the managing trade before it can be opened. The purpose of this setting is to prevent excessive managing trades from being opened in case of a sideways market movement. If the value is too small, an excessive number of trades could occur, resulting in the account going into drawdown faster. If the value is too high, the managing trade may not be placed, which will help close out a losing trade and maintain some profit.
Default - 0.01 / $1250
0.01 / $1000 - This is a higher risk setting than default and can lead to higher drawdown limits if the market trends.
0.01 / $1250 - This is the default setting. It is considered a balance between drawdown and profitability.
0.01 / $1500 - This value is suitable for accounts of all sizes. For larger account balances, the same profit can be made with a lower lot size based on the balance.
0.01 / $2000 - $10000 - These values are for more significant account balances. If a person has a large account and wants to take a conservative approach, they can decrease the lot size. Someone with a large account balance may be pleased with a 2% monthly profit and know their balance is safer with the decreased lot size.
Maximum Instruments to Trade
Default - 2
This feature allows the trader to restrict the number of currency pairs the algorithm can trade at any given time. This risk management tool helps control the account's exposure and prevent overtrading. The trader can adjust this limit based on their trading strategy and risk management plan.
If a person has more than two instruments for trading, they can turn the Bulwark feature on, preventing correlating pairs from being traded simultaneously. This will help prevent drawdown and protect the account.
Default - AUDCAD, AUDUSD, GBPUSD, EURUSD, NZDCAD, NZDUSD, USDCAD
The software was designed to evaluate the performance of different currency pairs. The pairs that showed the best results in terms of profitability and safety were AUDCAD, AUDUSD, GBPCAD, GBPUSD, EURUSD, NZDCAD, NZDUSD, and USDCAD.
It is important to note that while these pairs may have optimal results, the software can still perform well on other pairs. However, it's crucial to consider that the number of pairs traded simultaneously can affect the risk level. It is important to remember that these pairs were tested separately, and the results may vary if multiple pairs are traded simultaneously.
It is well known that GBPCAD can trend many pips and be dangerous to your account if you have chosen a higher lot size risk. You may want to consider removing GBPCAD from the instrument list that you are using to trade.
Default - true
True - Kraitos will not open multiple positions in pairs that share the same currencies. This feature helps to minimize risk by avoiding multiple opening trades that may move in opposite directions due to market conditions affecting a shared currency. So if a EURUSD trade opens, when Bulwark is turned on, you will not see a trade like USDCAD or GBPUSD because they share USD.
False - the software will not have this restriction and can open multiple positions in pairs that share the same currencies. This could increase the risk as market conditions affecting a shared currency may cause multiple trades to move in opposite directions, resulting in a more significant drawdown. However, this can also increase profitability if the market conditions are favorable for the pairs you are trading.
Add to Positions if Positive
Default - false
True - If this feature is set to true and the market continues to move in the favorable direction, Kraitos will add new positions after every X pips (as specified by the user). This allows for additional profits as the market keeps moving in the desired direction. Additionally, after the second position is added, the profits are secured with a trailing stop, which adjusts the stop loss level as the market moves in favor of the trade.
False - If the feature is set to false, Kraitos will not add new positions. It will take profit after X pips and will not open new positions. This approach could result in a smaller profit, but it can also help protect the current profits in case of market reversal.
Trailing Stop (Pips)
Default - 25
This value controls the distance between the current market price and the stop loss for added trades, which is only effective when "Add to Positions if Positive" is enabled. The number of pips that the stop loss level should be placed away from the latest added trade.
Add to Position After X Pips
Default - 45
This value determines the number of pips the market must move in the profitable direction before Kraitos can add another trade. This feature is only available when "Add to Positions if Positive” is enabled.
Take Profit at Pivot Levels
Default - false
True - When this feature is enabled, Kraitos will wait for the market to lose momentum before closing them, potentially resulting in more significant profits if the pair keeps trending in the winning direction.
False - If this feature is disabled, Kraitos will close positions using the “First Trade’s Take Profit Pips” This can potentially result in smaller profits but also can help to protect the current profits in case of a market reversal.
First Trade’s Take Profit (Pips)
Default - 10
This value is only applicable when only one trade exists on a given pair. The value is the number of pips you want to catch on a trade, and then Kraitos will close the trade.
Take Profit on a Scaling Pair (Pips)
Default - 5
When this setting is activated, if the user has more than one open trade on the same forex pair, these trades will close automatically when the overall equity on that pair reaches a level that is the breakeven point plus an additional five (5) pips, the value set by the user. This functionality is implemented to safeguard profits and manage the risk of having multiple trades open on the same currency pair.
Spread Filter (Pips)
Default - 3
This prevents Kraitos from opening new trades if the spread of a currency pair is more significant than the value chosen by the user.
Equity Protector (in %)
Default - 25
This value is a percentage the user can specify the maximum drawdown he is willing to enter before having Kraitos close all the open trades. If reached, Kraitos will stop and close all existing positions.
While the default is set to 25%, you are expected to edit this to your risk allowance. Only you can decide this amount. If you have a $1,000 account and you set this to 50%, you risk $500; if that amount is reached, Kraitos will automatically close out your trades and turn the software off.
Max Allowed Lot Size
Default - 10
This value will prevent Kraitos from opening trades with lot sizes that are bigger than this specified value.
Kraitos Support Options
You have several support options available to you that are yours to use.
- Weekly Insights Call - Once per week, Dominic is streaming live and shares updates on the previous week's trading results and sharing updates and more about his own personal use of Kraitos. Call details are on the Events Page. The call is hosted in AP Live; read this article to find out how to access the call live.
- YouTube Channel - Recordings of the Weekly Insight calls are available on the Auvoria Prime YouTube channel, and you are highly recommended to watch them.
- Help Desk - The Auvoria Prime Help Desk has Live Chat support, ticket support, and a large knowledge base of articles to learn from.
- Send an Email to Support - firstname.lastname@example.org - Send an email, which will be converted into a ticket and replied to asap by a customer support representative.
- Telegram Channel - Join this channel to receive announcements regarding Kraitos. https://t.me/kraitosfx
- Discord Group and Channel - Connect to Auvoria Prime Discord Server and get access to an announcement channel and a group of people using Kraitos together and sharing experiences. Visit this support article to learn more about connecting to Discord.