Introduction
SENTINEL Heikin-Ashi is an professional advisor designed to optimize decision-making in algorithmic buying and selling. It makes use of Heikin-Ashi candle alerts bolstered by momentum readings for entries, and the SENTINEL module for complete administration of danger, orders, and positions.
Inputs Tab Overview:
- Filters
- RSI
- Quantity, Danger and Unfold
- Cease Loss and Trailing Cease
- Take Revenue and Trailing Take Revenue
Entry Sign
The professional advisor identifies entry alternatives by combining Heikin-Ashi candles and RSI, with out altering the looks of Japanese candlesticks, permitting merchants to see the actual costs. The entry sign is triggered on every Heikin-Ashi reversal that aligns with particular overbought or oversold RSI circumstances. Each these ranges and the RSI interval are configurable. The Technique Route subject permits buying and selling in each instructions (Longs and Shorts choice), or in a single path solely (Longs Solely or Shorts Solely choices).
SENTINEL Module
The SENTINEL module affords superior danger administration choices, together with place sizing administration and a number of choices for outlining and adjusting cease loss and take revenue ranges.
Quantity, Danger and Unfold
Except the dealer chooses a hard and fast quantity, the amount of every order is calculated by way of danger administration, which could be primarily based on fairness or stability. The dealer units the chance share for every commerce, and SENTINEL determines the order quantity. It does so by taking the entry’s cease loss into consideration and performing the mandatory calculations to make sure that the quantity in danger doesn’t exceed the proportion of fairness (or stability) outlined by the dealer.
Cease Loss and Trailing Cease
SENTINEL calculates an preliminary cease loss for every entry and optionally updates it utilizing the identical standards because the preliminary calculation. Candlestick Retrospective takes the minimal or most worth of the final candles, relying on the order kind. Candlestick Lookback signifies the variety of candles to look again for figuring out the best excessive or lowest low. ATR Coefficient applies an extra adjustment primarily based on volatility.
Take Revenue and Trailing Take Revenue
SENTINEL additionally calculates an preliminary take revenue for every entry and, optionally, updates it utilizing the identical methodology because the preliminary calculation. The Mounted Distance standards works by setting a hard and fast distance outlined in factors. Primarily based on Cease Loss calculates the take revenue as a a number of or fraction of the cease loss.
SENTINEL Heikin-Ashi, powered by the SENTINEL module, affords quite a lot of configurations that permit merchants to completely customise their danger administration method and exit methods. With superior choices for adjusting cease loss, take revenue, and place sizing, the professional adapts to each conservative and aggressive methods. This flexibility permits merchants to optimize their operations below completely different market circumstances whereas sustaining management over danger.
To be taught extra about all the main points and configurations of SENTINEL, learn additional right here.
The outcomes obtained from utilizing the software program referenced on this information should not assured. Buying and selling in monetary markets entails vital danger and will not be appropriate for all buyers. The developer of this module isn’t chargeable for any losses or damages ensuing from its use. The developer doesn’t assure ongoing help or updates. Use the software program at your personal danger.