Samartha Manual 101.1 Part-3

17 April 2020, 11:55
Mangesh Vasant Chinchalkar
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1)      Opening Lot Size (Default = 0.01)

a.       This will be lotsize of first trade if “Lotsize Based On Risk” and “Auto Lots Check” both are false

2)      Martingale Add Check (Default = true)

a.       If this is true then lotsize of every next trade of any pair will be added by first lotsize

b.      So if First Trade Lotsize is 0.02 then trades of any pair will be 0.02 then 0.04 then 0.06 then 0.08 so on

3)      ATR Time Frame (Default = H4)

a.       This is the time frame for ATR Calculations.

b.      Even if you apply the EA on chart with any time frame, still this timeframe given in input, will be taken for ATR calculations.

4)      ATR Period (Default = 14)

5)      Min ATR Value (Default = 30)

6)      Negative Exit Mode  (Default = Averaging)

a.       There are 2 options

                                                               i.      Averaging : No SL will be there. When the next breakout strength is reached a new trade will be opened. All trades will be closed with a combined profit

                                                             ii.      StopLoss : Only one trade will be opened and will have StopLoss given as per next input

7)      Stop Loss Factor (Default = 1)

a.       If “Negative Exit Mode” is StopLoss then this input will be multiplied by ATR value and SL Pips will be calculated

b.      In case “Negative Exit Mode” is set to Averaging then this input will have no significance.

8)      Pair Exit Profit per 0.01 Lots (Default = 2)

a.       If the “Negative Exit Mode” is set to Averaging and there are more than one trade open for a pair then they all will exit when this profit is reached.

b.      E.g. If the start lotsize is 0.04 then all trades will exit with $8 profit

9)      Global Profit Exit In Trading Currency ($) (default = 100)

a.       When overall profit of all Open Trades of Samartha exceeds this, then all trades will be closed

10)   Global DD Exit In Trading Currency ($)(default = 300)

a.       When overall DD of all Open Trades of Samartha exceeds this, then all trades will be closed.

11)   Restart Trading After XX Hours (Default = 4)

a.       After All trades close in loss due to DD exceeding, then trading will stop for these many hours and then it will resume

12)   Exit Mode (Default = OnlyFirstTrailSL)

a.       There are 3 options

                                                               i.      FixTarget (First Trade will have fixed TP)

                                                             ii.      OnlyFirstTrailSL (First trade will have Trailing SL)

                                                            iii.      AllTrailSL (All trades will have Trailing SL)

13)   Trail SL Break Even Factor (default = 1.0)

a.       If Exit Mode is set to Trail SL then this value will be used to decide the Breakeven Price for the pair

b.      This value will be multiplied by ATR value to find actual Pips

14)   Trail SL Break Even Step Factor (default = 0.5)

a.       If Exit Mode is set to Trail SL then this value will be used to decide the Pips Above Opening Price when Breakeven Price is reached.

b.      This value will be multiplied by ATR value to find actual Pips

15)   Trail SL Step Factor (default = 0.2)

a.       If Exit Mode is set to Trail SL then this value will be used to decide the steps in which SL will trail after Breakeven

b.      This value will be multiplied by ATR value to find actual Pips

c.       E.g.

                                                               i.      If ATR Value is 80 Pips

                                                             ii.      EURUSD Buy is taken at say 1.09105

                                                            iii.      Break Even Pips will be = 1.0 x 80 = 80 Pips.

                                                           iv.      So Breakeven Price will be 1.09905

                                                             v.      Break Even Step Pips will be = 0.5 x 80 = 40 Pips.

                                                           vi.      So Breakeven Step Price will be 1.09505

                                                         vii.      So After price reaches 1.09905, the SL will be set to 1.09505

                                                        viii.      After this breakeven, for every 0.2 x 80 = 16 Pips, the SL will follow the price

 

16)   Target Factor (default = 1.0)

a.       If Exit Mode is set to Fix Target then First trade will have TP given by this input

This value will be multiplied by ATR value to find actual Pips


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