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1) EXPERT ADVISOR SETTING
-EA NAME-TRIPLE SUPER TREND
-ENTRY LOTS- 0.02
-TRADE DIRECTION- ONLY LONG/ONLY SHORT/BOTH DIRECTION
-NO NEW ENTRY IF TRADE EXITS- FALSE OR TRUE(
There could be 2 scenarios upon confirming an entry. The user can take the entry, even if there is an active trade from the previous signal or he simple don’t want to take multiple signal entries. Rather he just enters when there is no active position. This input controls this behavior.)
CHECK OF OPPOSITE CLOSE- TRUE OR FALSE
(For buy and sell trades we have different entry conditions. But most of the time their entry conditions are inverse. For example, we take buy when 5 period SMA crosses above 20 period SMA, on the other hand we take sell when 5 period SMA crosses below 20 period SMA. But when we enter, we should close the previous trend trade because it is not valid anymore would make losses)
So, exit of buy = entry of sell
Exit of sell = Entry of Buy
If we check this option then, the previous trend signal trade will be closed first then the current trend signal trade will be placed
-MONEY MANAGEMENT STRATEGY-FIXED/DYNAMIC VOLUME
BASE MAGIC NUMBER-123456
MAXIMUM TRADE PER DAY- 1-500
MANUAL LOT SIZE-
POSITION SIZING - ENABLE/DISABLE
POSITION SIZE INCREMENT- INCREMENT IN ONE DIRECTION ONLY
INCREMENT FROM INITIAL POSITION- 0.01-0.1
MAX STEP - 5
( EXAMPLE - IF I SET A SETTING OF 3 SUPERTREND AND SELECTED FOR LONG ENTRY I ENTER WHEN FAST SUPER TREND CONVERT TO GREEN I TAKE 0.01 LOT SIZE POSITION BUT I GET EXITED IN LOSS NOW STILL SLOW SUPERTREND IS GREEN MEANS IN BUY NOW IF FAST SUPERTREND CONVERT AGAIN TO GREEN THIS TIME MY LOT SIZES WILL BE 0.02 MEANS INCREASE LOT SIZE WITH 0.01 FROM WHERE INITIAL LOT SIZE STARTED AND MAKE THIS TO MAXIMUM INCREASE 5 TIMES ONCE TREND CHANGE MAKE THE POSITION SIZE TO INITIAL LOT SIZE I.E -0.01)
INITIAL LOT SIZE- 0.01( THIS IS THE LOT SIZE WHERE POSITION OF TRADE START WITH)
2) RISK
-STOP LOSS- IN PERCENTAGE (IF NOT WORK IN % THEN IN PIPS)
-TAKE PROFIT- IN PERCENTAGE
-BREAK EVEN- ENABLE/DISABLE
-BREAK EVEN ACTIVATION-100-1000( If the price moves in favor by this amount, breakeven is triggered)
-BREAK EVEN EXTRA PIPS-100-2000 ( This is a numeric input parameter representing the additional number of pips beyond the breakeven activation level at which the stop-loss will be set.)
-TRAILING STOP- TRUE/FALSE
(Input parameter that determines whether the trailing stop functionality should be enabled (true) or disabled (false))
-ACTIVATE STOPLOSS- 500-1000( This is a numeric input parameter representing the distance in pips from the entry price at which the trailing stop functionality will be activated)
-TRAILING STEPS IN PIPS- 5 -5000(
This is a numeric input parameter representing the distance in pips that the trailing stop follows behind the current market price. As the price moves in favor, the trailing stop will maintain a distance of TRAILING_DISTANCE pips)
-INCREMENT BY- 10-1000 ( This is a numeric input parameter representing the increment by which the trailing stop distance is increased. If the market continues to move in favor, the trailing stop distance will be increased by this amount.)
- USE DAILY DRAWDOWN- TRUE/FALSE
- DAILY MAX DRAWDOWN LIMIT-1-10%
-USE DAILY TARGET- TRUE/FALSE
-DAILY MAX TARGET- 1-50%
3) INDICATOR SETTING-
A)-SUPERTREND FAST PERIOD- 1-500
-SUPER TREND FAST MULTIPLIER- 1-100
-SUPERTREND FAST TIMEFRAME- CURRENT TO D1
- SUPERTREND FAST COLOUR- RED
B)-SUPERTREND SLOW PERIOD- 1-500
-SUPER TREND SLOW MULTIPLIER- 1-100
-SUPERTREND SLOW TIMEFRAME- CURRENT TO D1
- SUPERTREND SLOW COLOUR- BLUE
C)SUPERTREND MULTITIME FRAME TIME FILTER
-USE TREND FILTERING-TRUE/FALSE
-TIME FRAME AND TREND FILTERING- CURRENT-D1
-PERIOD - 1-500
- MULTIPLIER- 1-100
ENTRY CONDITION
- ENTRY SUPERTREND FAST- THE BAR OPEN ABOVE SUPER TREND FAST/THE BAR OPEN BELOW SUPERTREND FAST
- ENTRY SUPERTREND SLOW- THE BAR OPEN ABOVE SUPER TREND SLOW/THE BAR OPEN BELOW SUPERTREND SLOW
EXIT CONDITION
EXIT ENTRY - CONDITION -1)TRADE IN LOSS - EXIT TRADE IN LOSS AND PRICE CLOSES ABOVE FAST SUPERTREND- TRUE/FALSE
2)TRADE IN PROFIT- ENTRY PRICE IS ABOVE SLOW SUPERTREND LINE THEN CLOSE – TRUE / FALSE
ENTRY PRICE IS BELOW SLOW SUPERTREND LINE THEN CLOSE -TRUE/FALSE
WHEN BAR CLOSES ABOVE MULTITIME FRAME SUPERTREND – TRUE/FALSE
USE ONLY ONE POSITION AT A TIME - TRUE/FALSE
( IF THERE IS ACTIVE TRADE OF BUY AND INDICATOR CONVERT FIRST CLOSE BUY SIDE AND THEN TAKE POSITION ON OPPOSITE SIDE IF CONDITION FAVOURS)
TIME SETTING
-ENTRY TIME
FROM HOUR
FROM MINUTES
UNITIL HOUR
UNTIL MINUTES
EXIT TIME
UNTIL HOUR
UNTIL MINUTES
CLOSE ALL POSITION AT SESSION ENDING TIME- TRUE/FALSE
CLOSE ALL POSITION ON FRIDAY- TRUE/FALSE