When you modify a setting in Tools> Trade Settings any changes you make will be applied to the current chart. When you change those same settings from the menu Tools> Options, that changes the default values used when creating new charts.
If one changes the Trading Settings those changes are also stored as the default values so that the next chart one creates uses those settings as the default.
If, however, in Options one changes a Global Setting - that is a setting that is not on the Trade Settings dialog for a chart - then that setting is applied globally when trading decisions are made, so that setting will be checked every time a trading decision is made on any chart. Global settings are not chart-specific.
So, for example:
If one changes the Minimum Profit to Risk ratio in Options from 2.0 to 3.0, the chart that is currently open in ST will remain unchanged, and will still have Profit:Risk ratio of, say, 2.0. However any new charts one creates after making said change will start out with 3.0 in the trade settings. If one changes the Profit:Risk ratio from 2.0 to 3.0 in the Trading Settings instead, things will be different. In this case the chart currently open will now have 3.0 as its ratio, and all new charts will also propose 3.0.
In the case of a setting like Use Tightest VTL for Exit in Options things work differently. If one looks at the Trading Settings this option is not available. This makes this setting a Global Setting. If one selects this setting, all charts from that moment onwards, when making trading decisions, will refer to this option and find it selected, using the tightest VTL for the exit.
For more information take a look round the Hurst Cycles Trading Academy. There is also more information to be found in the Online User Manual.
Sam Medwin
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