General Strategy of Asmani Pro

4 April 2019, 07:30
Mangesh Vasant Chinchalkar
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11 582

Please read other blogs

1)    Profit and Risk Analysis of Asmani Pro

https://www.mql5.com/en/blogs/post/725756

2)    Inputs explained in detail for Asmani Pro 21.0

https://www.mql5.com/en/blogs/post/725759

3)    Backtesing for Asmani

https://www.mql5.com/en/blogs/post/725755

4)    FAQ for Asmani

https://www.mql5.com/en/blogs/post/725757

General Strategy of Asmani Pro

1)      Whenever market reaches to either Overbought or Oversold position based on M15 timeframe, Asmani Pro gets ready for the trade.

2)      The actual trade is taken when there is clear reversal of the trend from Overbought / Oversold position, based on 3 Indicators (RSI, MA and Bollinger Bands)

3)      After opening first trade, if the market goes in wrong direction then Asmani again waits for second trade and it is again taken where there is one more reversal of trend.

4)      In this way Asmani goes on opening the trades till number of trades reach to Order per Basket (OPB) given by user. (Default value is 5 orders)

5)      The Lotsize for each new order is taken based on the inputs given as below.

a) The lotsize of first order of basket is taken based on AutoLotsCap Setting  or Lotmultiplier setting.

b) If MartinAdd is set to False, the Lotsize for further orders, is taken as lot size of first order.

c) If MartinAdd is set to true, then new trade is taken with initial lot added to earlier lot.

6)      The whole basket is closed when specific profit is reached as given by user as ProfitPerBasket. There is also a inbuilt “ReduceProfitPerTrade” feature, which will reduce the profit per basket if no of trades are more, so as to close the basket as soon as possible.

7) If “LockBasketCheck” is set true then after 5th trade in basket, Asmani start reversing the trades to reduce the DD. At Trade No. Specified  as BasketLockPosition, Asmani locks the basket by opening equal buy and sell trades. This situation is very rare and used as FUSE for not blowing down the account.

 


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