SuperB is available for any instrument and in any timeframe.
SuperB should be placed in the TimeFrame where the Trigger is calculated, and the TimeFrame where the market trend is calculated, should be indicated.
- Lots Step: Indicate the Volume position step, for each trade.
- Lots Max: Indicates the Maximum Position Volume. Once this is reached, the position volume will not be enlarged.
- TakeProfit: Indicates the distance in Pips to the Profit Taking.
- Stop Loss Max: Indicates maximum distance from the assumed losses. This distance should be calculated in relation to the Maximum Volume. SuperB has a dynamic StopLoss that may vary according to the market circumstances. Nevertheless, sometimes this calculation might be too far from the entry, thus, if found necessary, you may set this field. Should you decide to specify the Stop Loss Max, it is recommended to use it only as preventive information for extreme market circumstances.
If Stop Loss Max=0: SuperB calculates the StopLoss according to the market circumstances.
If Stop Loss Max > 0: SuperB, calculates the StopLoss according to the market, but if the distance specified in this variable is reached, the complete position is closed.
- Percent Volume Close at BE: Precent of the Volume that closes at BreakEven. The Variable below indicates the TrailingStop of the position. When the TrailingStop is reached, SuperB moves the StopLoss to the entry level of the position and
closes the part of the Volume, as indicated by this variable, leaving the rest open in the market, but with the TrailingStop activated. This variable may be set with values between 0 and 1.
If Percent Volume Close at BE=0: No part of the position is closed, and the TrailingStop continues with the complete position.
If Percent Volume Close at BE>0 and <1: Part of the position is closed, with the precentage indicated here.
If Percent Volume Close at BE=1: Once the distance from TrailingStop is reached, the complete position is closed. This causes the variable Take Profit lose its effect.
- Trailing Stop: Distance in Pips, from which SuperB moves the StopLoss, keeping it always in this distance.
- Trend Calculate Period: Period, which takes part in the calculation of the market trend. The larger this period is, the longer term that the market tendency is calculated for. This is the most sensitive parameter in the entire system, because it affects the direction that the operation will take. Moreover, the extent of the Trigger, the TakeProfit and the StopLoss parameters depend on this "Trend Calculate Period" parameter.
- Trend Calculate TimeFrame: Time frame of which the market trend is calculated. This TimeFrame must be bigger than the actual time frame, where the EA is placed and the Trigger is calculated.
- Trigger Period: Period with which the trigger is calculated.
- Trigger Amplitude: Calculates the extent of the price movements, to calculate the trigger.
This is a very versatile EA. It can adapt to different market circumstances, on different instruments and on different TimeFrames. One must find the appropriate parameters for each of these cases.
It can turn into an aggressive scalper, or can work for long term in graphs from one hour to four. Simply by finding the appropriate configuration.
This is the current set (AUDUSD, M5, testing from 2010.01.01):
- Lots Step: 0,10
- Lots Max: 4
- Take Profit: 115
- Stop Loss Max: 250
- Percent Vol. Close: 0,0
- Trailing Stop: 34
- Trend Calculate Period: 143
- Trend Calculate TimeFrame: 2 Hours
- Trigger Period: 10
- Trigger Amplitude: 1,2
You should use the "EveryTick" mode, both to test this backtest, and to perform optimizations. Periodically check this description, as we publish modifications to the current set, and add new sets for new currencies/timeframes.