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Entry Parameters: Fundamentals and Configuration
By adjusting the Interval, Overbought Degree, and Oversold Degree fields of the RSI, customers can fine-tune the pattern reversal indicators generated by Heikin-Ashi.
Moreover, the Technique Route discipline permits customers to optimize parameters for a particular buying and selling route or apply the identical configuration to each.
This function makes it doable to run a number of situations of SENTINEL Heikin-Ashi on the identical account, even working on the identical image.
The entry sign is complemented by exact threat publicity changes. The professional advisor calculates the place measurement primarily based on the space between the preliminary cease loss and the entry worth, following the user-defined values within the VOLUME, RISK, and SPREAD parameter group. If the calculated measurement exceeds the out there leverage, it is going to be routinely diminished to adjust to restrictions. If the dealer’s minimal measurement for the image prevents the commerce from being executed, the entry won’t happen, even with a legitimate sign.
The Danger Administration menu presents three choices for outlining publicity: as a share of fairness, stability, or as a set quantity. When choosing Danger % of fairness or Danger % of stability, the system interprets the worth within the Danger Worth or Mounted Quantity discipline as the specified share. Conversely, if Mounted quantity is chosen, this worth corresponds to what’s outlined in MetaTrader’s “Quantity” discipline.
The third discipline within the group, Acceptable unfold (pts), defines the utmost unfold allowed to execute trades, avoiding entries throughout high-spread market circumstances. The configured worth represents the system’s most unfold threshold for order execution. Customers could go for a better worth in increased timeframes and a tighter worth in timeframes the place smaller worth strikes are anticipated.
This model of SENTINEL units Candlestick Retrospective because the default worth for the Cease Loss Sort discipline. This selection determines the cease loss primarily based on the excessive or low of a specified variety of earlier candles, which is outlined within the Candlestick Lookback discipline. Moreover, a volatility-based margin may be added, the scale of which is set by the worth within the ATR Coefficient discipline. The sensitivity of the ATR may be adjusted by means of the ATR Interval discipline.
The Embrace Trailing Cease discipline allows the cease loss standards to be up to date in the beginning of every new candle (this adjustment solely happens if the change favors the commerce). Cease loss stage modifications are displayed on the worth chart if the Show Cease Loss discipline is about to true.
The Take Revenue Sort discipline offers two choices: Based mostly on Cease Loss and Mounted Distance.
When choosing the Based mostly on Cease Loss choice, the take revenue distance is adjusted in direct proportion to the cease loss distance. This ratio is set as a fraction or a number of of the cease loss distance, as specified within the Coefficient Over Cease Loss discipline.
With the Mounted Distance choice, the take revenue stage is about at a particular distance in factors, outlined by the worth within the Mounted Distance (pts) discipline.
Just like the cease loss, the take revenue configuration contains the Embrace Trailing Take Revenue discipline, which permits the take revenue stage to be up to date in the beginning of every new candle. This adjustment solely happens if the change favors the commerce. Take revenue stage modifications are displayed on the worth chart if the Show Take Revenue discipline is about to true.
Sensible Instance: Commerce Evaluation
The next picture showcases a commerce executed by SENTINEL Heikin-Ashi, which we are going to use for instance for example the appliance of a number of the parameters described above. For this goal, the chart contains candlesticks with worth ranges in addition to the ATR and RSI indicators. Let’s analyze the setup.
The tip of the blue arrow marks the world the place the Heikin-Ashi reversal occurred, coinciding with the RSI exiting the oversold zone. This triggered a protracted entry, accompanied by its corresponding cease loss (SL) and take revenue (TP). Right here’s how their respective ranges had been decided. To simplify the reason, we assume the Embrace Trailing Cease and Embrace Trailing Take Revenue fields are set to false.
We are able to deduce that the Candlestick Lookback discipline has a minimal worth of three. Since this can be a lengthy commerce, the system used the low of the final three candles, marked on the chart as 1.08826. Nevertheless, the SL stage is about beneath this worth, indicating that the ATR Coefficient is larger than 0. Whereas the precise coefficient worth can’t be decided from the chart, we all know the distinction is the product of 0.00054 and the coefficient worth. The ATR Interval was set to five, yielding the 0.00054 worth on the time of the entry sign. That is how SENTINEL calculated the SL stage.
Concerning the TP stage, it’s evident from the chart that the Take Revenue Sort menu was set to Based mostly on Cease Loss. This implies the Coefficient Over Cease Loss discipline will need to have a price better than zero. On this case, because the TP distance is clearly shorter than the SL distance, the coefficient is lower than 1. Visually, it seems to be between 0.5 and 0.6.
When you’ve got any questions on this rationalization, be happy to go away a remark.
The outcomes obtained from utilizing the software program referenced on this information aren’t assured. Buying and selling in monetary markets includes vital threat and is probably not appropriate for all traders. The developer of this module just isn’t answerable for any losses or damages ensuing from its use. The developer doesn’t assure ongoing assist or updates. Use the software program at your individual threat.
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