Commerce Dashboard: Path Cease Choices
Within the choices tab, beneath Path tab, you have got two tabs, Path Cease Loss and Path Pending Order.
You will have 8 varieties of trailing cease that might be defined within the following.
- Energetic path cease loss choice.
- TS Mode: You’ll be able to choose 4 differnt TS modes to decide on path cease loss parameters. You get to decide on them based mostly on Level, RR, %TP or Partial TPs.
- Level: if you happen to select the purpose mode, you’ll want to set the gap based mostly on level or no matter measure mode you set within the settings.
- RR: if you happen to select TS mode as RR, then TS is calcualted based mostly on RR which is your cease loss dimension, for instance if you happen to select RR mode and set TS begin to 1 and your cease loss is 200 pt, then the dashboard will set 200 pt to your TS begin. logically your cease loss should not be zero as a way to use this mode.
- %TP: if you happen to select TS mode as %TP, then your TS is a share of your TP dimension. logically your take revenue should not be zero as a way to use this mode.
- Partial TP: In case you select TS mode as Partial TP then, TS is about as per your partial TP ranges, for instance if you happen to set TS Begin at TP1, then the dashboard will begin trailing cease loss when it reaches to your TP1 stage
Common Path Cease:
Within the above instance, TS Begin is 577 pt, meaning when value reaches to 577 pt of revenue, Common Path Cease Loss begins working and set commerce cease loss to 50 pt away which is TS Cease dimension. Then it updates cease loss each 10 pt of value motion and once more set it to 50 pt away. You’ll be able to set all three parameters based mostly on Factors, RR, %TP and partial TP sizes.
RR-Based mostly Path Cease:
RR-Based mostly Path cease works based mostly on commerce Reward to Danger ratio, To illustrate your Reward to Danger ratio is 3, Setting RR-Baseed just like the above image, it begins at 100 pt of revenue, At this level It measure the gap to your commerce take revenue, then divide this distance to three and discover cease loss distance, To illustrate the gap to TP is 300 pt, so 300/3=100, therephore the dashboard units cease loss to 100 pt away, the “Step” is 10 pt, so when value transfer one other 10 pt, it updates cease loss once more and measure the gap to take revenue, divide it to three and discover new cease loss value.
New Cease Loss Measurement: (Take Revenue-Present Value)/RR
Take discover that as a way to use this path kind your Reward to Danger ratio should not logically be zero.
Candle HH/LL path:
Given the above setting, Path HH/LL begins at 200 pt of revenue, right now for purchase trades, it calculates the decrease low of earlier 5 candles within the present candle, after which add pad quantity dimension to this value which is Pad Quantity to search out new cease loss value, on the subsequent candle it once more does the identical factor to search out new cease loss.
New Cease Loss for Purchase: Decrease low of earlier 5 Candles within the present time-frame – 50 pt
New Cease Loss for Promote: Larger hihg of earlier 5 Candles within the present time-frame + 50 pt
Consumer can set the timeframe to the present time-frame or choose another time-frame.
Revenue Path Cease:
Revenue path cease loss works based mostly on commerce income relatively than distance, give the above instance, it begins path cease loss when commerce reaches to 50$ of revenue which is “Revenue Begin”, then it units cease loss in a option to safe 10$ of revenue which is “Revenue Lock”, each 2$ which is “Revenue Step” it updates cease loss once more and safe one other 2$.
Transferring Common Path Cease Loss
Given the above instance, Transferring Common begins at 250 pt of revenue, right now it checks the present value to MA value, the gap should be a minimum of 50 pt which is MA Distance for the MA path to work, If the gap is equal or better than 50 pt, then the EA add 50 pt to MA value, which is Pad Quantity, It updates the SL at each new candle.
New Cease Loss for Purchase: MA Value – Pad Quantity.
New Cease Loss for Promote: MA Value + Pad Quantity.
Consumer can change the specifcations of MA indicator like “Time Body”, “MA Methodology” and “Apply to”.
Parabolic SAR Path Cease Loss
Given the above instance, when value reaches to 250 pt of revenue it begins Parabolic SAR trailing, At this level, it units new cease loss to the PSAR indicator worth plus Pad Quantity worth. It updates cease loss at each new candle.
New Cease Loss for Purchase: PSAR Value – Pad Quantity.
New Cease Loss for Promote: PSAR Value + Pad Quantity.
Consumer can change the specifcations of SAR indicator like “Time Body”, “PSAR Step” and “Most”.
ATR Path Cease Loss:
ATR Path cease loss begin at 250 pt given the above instance, It a number of ATR worth to the Mutliplier and add it to the present value to search out new cease.
New Cease Loss for Purchase: Present Value – ATR Worth*Multiplier – Pad Quantity.
New Cease Loss for Promote: Present Value + ATR Worth*Multiplier + Pad Quantity.
Consumer can change the specifcations of ATR indicator like “Time Body”, “Interval”.
Fractals Path Cease
Fractal Path cease loss begin at 250 pt given the above instance, It units cease loss to nearest Fractal worth plus Pad Quantity worth.
New Cease Loss for Purchase: Fractal Value beneath the candles – Pad Quantity.
New Cease Loss for Promote: Fractal Value above the candles + Pad Quantity.
Consumer can change “Time Body” of Fractal indicator.
Path Pending Order Value
if you happen to set Path Pending Order, based mostly on the above instance, if market value makes extra distance greater than 250 pt, then the EA strikes pending order and units it to 250 pt away from market value, once more each 50 pt of distance it updates pending order value and units to 250 pt away of market value.
Tips on how to Modify Path settings for a commerce?
Tips on how to Modify Path settings for a commerce?
Whenever you change any path cease setting the “Apply Modifications” button will activate and you’ll be able to apply your new path settings to your particular commerce.