Samartha Inputs
1) Magic Number Prefix (Default = 11110)
a. Samartha has inbuilt Magic numbers for all pairs. These numbers will be prefixed by this input while taking trades.
b. You can set Samartha on one chart for all 29 pairs and with one magic number prefix (say 11110)
c. Then if you wish, you can open another chart and Apply Samartha again on that chart with some different settings (say more aggressive) with different magic number prefix (say 11111)
d. So both Samartha will work independently on 29 pairs with different settings.
e. Putting this second chart is optional and it HAS to have a different magic number prefix than first chart.
2) Trade Comment (Default = Samartha_15.21)
a. This comment will be applied to all trades taken by Samartha
3) Pair Suffix (Default = Blank)
a. Sometimes the broker Pairs are shown with some prefix e.g EURUSDi or EURUSDm etc.
b. In such case you have to give that suffix “i” or “m” as input here.
c. If Pairs have no suffix, then this input will be Blank (default)
4) Strength Time Frame (Default = H4)
a. This is main time frame for EA.
b. Even if you apply the EA on chart with any time frame, still this timeframe given in input, will be taken for RSI Strength calculations.
5) Strength Period (Default = 5)
a. Strengths are calculated using RSI indicator with this RSI Period.
6) OSMA Time Frame (Default = M5)
a. This is the time frame for OSMA Reversal.
b. Even if you apply the EA on chart with any time frame, still this timeframe given in input, will be taken for OSMA calculations.
7) Both Side Strength BreakOut (Default = 70)
a. If one currency goes more than this value and second currency goes less than minus of this value, then Buy trade of that pair is taken and vice versa.
b. Please read first section of this PDF to understand this concept
8) Both Side BreakOut Step (Default = 30)
a. The Both Side breakout value goes in increasing per trade of that pair by this step.
b. Please read first section of this PDF to understand this concept
9) Differential Strength BreakOut (Default = 100)
a. If Difference between two currency strengths is more than this value, then Buy trade of that pair is taken and vice versa.
b. Please read first section of this PDF to understand this concept
10) Differential BreakOut Step (Default = 50)
a. The Differential breakout value goes in increasing per trade of that pair by this step.
b. Please read first section of this PDF to understand this concept
11) Pair Breakout Strength (Default = 150)
a. This is additional check. The individual pair strength should cross this value to take a trade.
b. Please read first section of this PDF to understand this concept
12) Pair Breakout Step (Default = 50)
a. The Pair breakout value goes in increasing per trade of that pair by this step.
b. Please read first section of this PDF to understand this concept
13) Minimum Pips Gap Factor (Default = 0.5)
a. Every next trade will have pips gap from earlier trade.
b. This input will be multiplied ay ATR value to find that pips gap value.
14) Pips Gap Increment Factor (Default = 0.3)
a. Pips Gap will go on increasing from one trade to next by this factor.
15) Max Trades for one Pair (Default = 5)
a. These are maximum number of trades that Samartha will open for any one pair
16) Maximum Spread (Default = 5 Pips)
a. The trade will be opened only when the spread at that point is less than this value.
17) Maximum Pairs Allowed per Currency (Default = 2)
a. Samartha will open only these many pairs for any currency in one more.
b. E.g. If this input is 2 and if there are EURUSD and EURGBP pairs running in Buy mode then Samartha will not open third EUR pair in Buy mode. It may open a new EUR pair in sell mode.
18) Overall Maximum Pairs Allowed (Default = 5)
a. These are maximum number of pairs open at any point of time by Samartha.
19) Friday Basket Open Restriction (Default = false)
a. If this is true then Samartha will not open a new Pair Trade on Friday after hours specified in next input.
b. If a pair is already having a trade then it will open new trade even if this is true.
20) Friday Dont Open Basket After (Default = 16) i.e. 4 PM
a. If above input is true then Samartha will not open a new Pair Trade on Friday after hours specified in this input.
b. If a pair is already having a trade then it will open new trade even if this is true.
21) Lotsize Based On Risk (Default = false)
a. This input will work ONLY when the “Negative Exit Mode” is set to StopLoss.
b. In case of “Averaging on negative side” this input will have to significance.
c. If this is true then Samartha will calculate Lotsize of first trade based on the Risk % given in input.
22) Risk Percentage per Trade (Default = 1%)
a. This input will work ONLY when the “Negative Exit Mode” is set to StopLoss.
b. In case of “Averaging on negative side” this input will have to significance.
c. If above input is true then Samartha will calculate lotsize as follows
i. Risk Equity = Risk % * Account Equity
ii. Lotsize = (Risk Equity / Stop Loss Pips) * 0.1
1. E.g. equity is 3000
2. Risk % = 1%
3. So Risk = 30$
4. If SL Pips = 80 Pips
5. Lotsize = (30 / 80) * 0.1 = 0.0375
6. So Final Rounded Lotsize will be 0.03
7. So if the SL is hit then you will have risk of losing maximum 30$ (1%)
23) Auto Lots Check (Default = false)
a. This input will work ONLY when the “Negative Exit Mode” is set to StopLoss.
b. In case of “Averaging on negative side” this input will have to significance.
c. If this is true then Lotsize will be calculated based on equity and next input Autolotscap
24) Auto Lots Capital per 0.01 Lots (Default = 1400)
a. This input will work ONLY when the “Negative Exit Mode” is set to StopLoss.
b. In case of “Averaging on negative side” this input will have to significance.
c. If the above input is true then Lotsize will be calculated based on equity and this input as follows
i. Lotsize = Account Equity * 0.01 / AutoLotsCap
ii. Lotsize = 3000 * 0.01 / 1400 = 0.0214
Final Rounded Lotsize = 0.02
