Strategy / Engine-managed
Autopilot: two decisions, a derived plan.
You choose a market and a loss budget per basket. The engine derives position size, a re-centring six-level range, basket stops and weekend closes from live volatility, spread, equity and your broker's lot limits, and re-plans while flat.
- Market
- chosen by you
- Loss budget per basket
- chosen by you
- Range and step
- derived
- Lot size
- derived
- Basket stop and target
- derived
- Weekend close
- automatic
- Re-plan
- while flat
In short
What is the Autopilot strategy?
Autopilot is a GRID bot whose whole configuration is a plan the engine derives: you pick a market and a loss budget per basket, and it works out sizing, range, stops and closes from the live market and your equity.
On Jassrox, Autopilot runs server-side on your connected MetaTrader 5 account, so your computer can be off. Like every strategy on the platform, it can lose money; test it on the demo first.
- Family
- Engine-managed
- Direction
- Both: buys as price steps down the range and sells as it steps up, one side at a time.
- Tends to suit
- Any supported market; sized to your account
Mechanics
How does Autopilot enter and exit?
The rules below are what the Autopilot engine does on every tick, in plain words.
Entry
How it enters
The engine centres a six-level range on the current price, with a step several times the round-trip trading cost, and allows a small number of entries per basket. Each time price moves a full step, it opens a lot, sized so that a basket stop costs about your loss budget. Entries are held back, with the reason shown on the bot page, when the spread is too wide, margin is short, market data is stale, a high-impact news event is close or the day's loss lock is reached.
Exit
How it exits
A basket closes at its target or at its basket stop, both measured in steps of the plan. After a stop the bot waits out a cooldown, re-centres and resumes, and it halts for your review after repeated stop-outs in one day. It flattens before the weekend close. Broker-held stop-loss and take-profit orders sit beyond the engine's own stop as a backstop.
Market conditions
When does Autopilot fit, and when does it struggle?
No strategy suits every market. These are the conditions its rules assume, and the ones that break them.
Tends to fit
- Markets that move back and forth around a level for hours at a time
- Normal spreads, so the step stays well above the cost of a round trip
- An account large enough that the broker's minimum lot fits inside the loss budget
Tends to struggle
- A strong one-way move that runs through the range: the basket stop is the designed outcome
- Thin, gappy markets around major news, when fills can land past the stop
- Accounts so small that even the minimum lot breaks the budget: Autopilot then stays flat and says so
Configuration
What do you set?
Autopilot asks for two decisions. Everything else is derived and shown to you.
- Market
- The symbol to trade on your connected account, such as gold or a forex pair.
- Loss budget per basket
- The share of current equity one losing basket may cost, set as a percentage. The plan is re-sized from current equity while the bot is flat.
Risk
What can go wrong with Autopilot?
It is the GRID engine with a derived plan, not a forecast. It stays flat and tells you why when it cannot size safely; it can still lose up to the budget on each basket, repeatedly.
- A basket can lose its full budget, and that can happen several times in a row.
- Slippage and gaps can make a real loss larger than the planned budget.
- The derived plan is a cautious geometry, not a prediction of where price will go.
In the app
How the New Bot wizard describes it
The recommended starting point in the New Bot wizard, because it needs only two decisions from you. It is not evidence of profit: no strategy on the platform has shown an out-of-sample edge after costs in testing.
Account-wide risk limits (daily loss, weekly loss, drawdown from peak and symbol exposure) apply on top of the strategy's own exits.
FAQ
Questions about Autopilot
What do I have to set for Autopilot?
Two things: the market and the loss budget per basket as a percentage of equity. The engine derives position size, range, step, stops and weekend closes itself and shows the plan on the bot page.
Does Autopilot change its plan while a trade is open?
No. It re-plans only while flat, so open lots keep the step and range they were opened under. A changed setting or a large change in equity shows in the next plan.
Why is my Autopilot bot not trading?
When it holds an entry it records why on the bot page, for example a wide spread, a nearby news event, the day's loss lock, insufficient margin, or an account too small for the broker's minimum lot within your budget.
Can Autopilot lose more than the loss budget?
It can. The budget is what the plan is sized for, but slippage, gaps and repeated stop-outs mean real losses can exceed it. Account-level daily, weekly and drawdown limits add a further stop.
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