The SENTINEL line from NinjatōTrading consists of knowledgeable advisors that share the SENTINEL Danger & Reward Module. Advisors like SENTINEL Heikin-Ashi differ of their entry methods however share the module’s danger administration instruments, reminiscent of place sizing and varied choices for adjusting cease loss and take revenue. This doc outlines its parameters to optimize settings throughout backtesting.
VOLUME, RISK and SPREAD
This part focuses on place sizing administration. It additionally explains the unfold filter.
Danger Administration
This subject supplies three choices for danger administration:
- Danger % of fairness
- Danger % of stability
- Mounted quantity
With Mounted quantity, a hard and fast amount is ready. This quantity would be the similar for all entries of the Skilled Advisor, besides when the obtainable margin is inadequate; in that case, the quantity is decreased to suit the obtainable margin.
With Danger % of fairness, the danger per commerce is outlined as a proportion of the account’s fairness. SENTINEL calculates the place measurement based mostly on this quantity and the preliminary cease loss distance. The place measurement shall be inversely proportional to the cease loss distance. If the obtainable margin is inadequate, the quantity is decreased to match it. SENTINEL can carry out these calculations for any foreign exchange pair.
Danger % of stability solely differs from Danger % of fairness in that the quantity in danger is calculated based mostly on the account stability.
In MetaTrader, for foreign exchange, the Quantity subject refers to an quantity of the bottom forex within the pair, which is quoted within the quote forex. However, each fairness and stability are denominated within the account forex. Relying on whether or not the account forex matches the bottom forex, the quote forex, or neither, SENTINEL performs the corresponding calculations.
Danger Worth or Mounted Quantity
This subject is expounded to Danger Administration. Its worth represents the proportion of danger on fairness or stability, or a hard and fast quantity if Mounted quantity is chosen. It accepts decimal values.
Acceptable unfold (pts)
It accepts an integer in factors. SENTINEL won’t contemplate getting into the market if the unfold exceeds this worth.
Factors are the smallest unit of variation in an asset’s worth. Don’t confuse them with pips.
The unfold is the distinction between the ask value (purchase) and the bid value (promote) of an asset.
STOP LOSS and TRAILING STOP
This part particulars the cease loss and trailing cease configuration in SENTINEL methods.
Cease Loss Kind
This subject supplies one possibility for dealing with cease loss and trailing cease:
- Candlestick Retrospective
The trailing cease strikes in favor of the value, by no means in opposition to it.
With Candlestick Retrospective, the bottom (for buys) or the best (for sells) value of a given variety of bars is used to set each the cease loss and trailing cease. The ATR Coefficient subject add an additional distance based mostly on volatility.
Embody Trailing Cease
Determines whether or not trailing cease is activated. It doesn’t have an effect on the preliminary cease loss.
ATR Interval
The ATR interval utilized in Candlestick Retrospective possibility of the Cease Loss Kind subject.
ATR Coefficient
Multiplier of the ATR worth. Applies to Candlestick Retrospective possibility of Cease Loss Kind.
Candlestick Lookback
Bars again to seek out lows (for buys) or highs (for sells) within the Candlestick Retrospective possibility.
Show Cease Loss
Attracts the cease loss ranges on every bar of the chart. In backtesting, it solely works with visible mode with the show of charts, indicators, and trades enabled.
Colour
Colour of the cease loss ranges when Show Cease Loss is ready to true.
TAKE PROFIT and TRAILING TAKE PROFIT
This part particulars the configuration of take revenue and its trailing in SENTINEL methods.
Take Revenue Kind
This subject supplies two choices for dealing with take revenue and its trailing:
- Primarily based on Cease Loss
- Mounted Distance
With Primarily based on Cease Loss, the take revenue ranges are calculated as a a number of of the cease loss distance to the value. This a number of is ready within the Coefficient Over Cease Loss subject. It really works even when Embody Trailing Cease is ready to false.
With Mounted Distance, the take revenue and its trailing are set in line with the variety of factors specified within the Mounted Distance subject.
Embody Trailing Take Revenue
Determines whether or not trailing is activated. It doesn’t have an effect on the preliminary take revenue.
Coefficient Over Cease Loss
Multiplies the cease loss worth and makes use of this distance to set take revenue. Applies to the Primarily based on Cease Loss possibility of the Take Revenue Kind subject.
Mounted Distance (pts)
Variety of factors utilized to the Mounted Distance possibility of the Take Revenue Kind subject.
Show Take Revenue
Attracts the take revenue ranges on every bar of the chart. In backtesting, it solely works with visible mode with the show of charts, indicators, and trades enabled.
Colour
Colour of the take revenue ranges when Show Take Revenue is ready to true.
The outcomes obtained from utilizing the software program referenced on this information aren’t assured. Buying and selling in monetary markets includes vital danger and might not be appropriate for all buyers. The developer of this module isn’t liable for any losses or damages ensuing from its use. The developer doesn’t assure ongoing assist or updates. Use the software program at your personal danger.