Entry Parameters: Fundamentals and Configuration
By adjusting the Interval, Overbought Degree, and Oversold Degree fields of the RSI, customers can fine-tune the development reversal indicators generated by Heikin-Ashi.
Moreover, the Technique Path area permits customers to optimize parameters for a particular buying and selling path or apply the identical configuration to each.
This function makes it potential to run a number of cases of SENTINEL Heikin-Ashi on the identical account, even working on the identical image.
The entry sign is complemented by exact danger publicity changes. The knowledgeable advisor calculates the place dimension based mostly 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 dimension exceeds the out there leverage, it is going to be mechanically diminished to adjust to restrictions. If the dealer’s minimal dimension for the image prevents the commerce from being executed, the entry won’t happen, even with a sound sign.
The Danger Administration menu affords three choices for outlining publicity: as a share of fairness, stability, or as a hard and fast quantity. When choosing Danger % of fairness or Danger % of stability, the system interprets the worth within the Danger Worth or Fastened Quantity area as the specified share. Conversely, if Fastened quantity is chosen, this worth corresponds to what’s outlined in MetaTrader’s “Quantity” area.
The third area 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 larger 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 area. This feature determines the cease loss based mostly on the excessive or low of a specified variety of earlier candles, which is outlined within the Candlestick Lookback area. Moreover, a volatility-based margin may be added, the scale of which is set by the worth within the ATR Coefficient area. The sensitivity of the ATR may be adjusted by the ATR Interval area.
The Embrace Trailing Cease area permits the cease loss standards to be up to date at the beginning of every new candle (this adjustment solely happens if the change favors the commerce). Cease loss degree modifications are displayed on the worth chart if the Show Cease Loss area is about to true.
The Take Revenue Sort area supplies two choices: Primarily based on Cease Loss and Fastened Distance.
When choosing the Primarily based 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 area.
With the Fastened Distance choice, the take revenue degree is about at a particular distance in factors, outlined by the worth within the Fastened Distance (pts) area.
Much like the cease loss, the take revenue configuration contains the Embrace Trailing Take Revenue area, which permits the take revenue degree to be up to date at the beginning of every new candle. This adjustment solely happens if the change favors the commerce. Take revenue degree modifications are displayed on the worth chart if the Show Take Revenue area is about to true.
Sensible Instance: Commerce Evaluation
The next picture showcases a commerce executed by SENTINEL Heikin-Ashi, which we’ll use for instance for example the applying of among 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 have 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 area has a minimal worth of three. Since it is a lengthy commerce, the system used the low of the final three candles, marked on the chart as 1.08826. Nonetheless, the SL degree is about under 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 degree.
Concerning the TP degree, it’s evident from the chart that the Take Revenue Sort menu was set to Primarily based on Cease Loss. This implies the Coefficient Over Cease Loss area will need to have a worth higher 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.
If in case you have any questions on this rationalization, be happy to go away a remark.
The outcomes obtained from utilizing the software program referenced on this information usually are not assured. Buying and selling in monetary markets includes vital danger and will not be appropriate for all buyers. The developer of this module shouldn’t be accountable 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 danger.
