Mohammad Reza Noorhani

SCT Settings:

  • Step one is to right-click on the chart and choose the “Skilled Listing” possibility.
  • A brand new web page will seem, and by clicking on the professional, you must hit the “Properties” possibility.
  • On this part, there are parameters that may be adjusted primarily based on the buying and selling fashion and technique.
  • The primary parameter is “Set off Mode,” which incorporates the next:
    • The primary half is “Use Pinbar,” the place setting it to True means using pin bars, and False means deselecting it with a double-click.
    • The subsequent possibility is the primary situation for utilizing pin bars, i.e., candle colour. If True, it selects solely bullish pin bars in an uptrend space, and if False, it considers all bullish pin bars as legitimate.
    • The subsequent situation is the second situation for pin bars, which is the ratio of all the pin bar to its physique. You’ll be able to set your most popular worth primarily based in your expertise with the ratio of the pin bar physique.
    • The subsequent possibility is “Use Engulf,” which may be set to True or False as within the earlier instance.
  • The second parameter is “Entry Timeframe,” consisting of two components:
    • The primary half: Timeframe 1, the place you should use any timeframe you’re buying and selling in.
    • The second half: Timeframe 2, the place you may select one other timeframe or set it to False if you wish to use just one timeframe.
  • The subsequent parameter is “Danger @ Cash Administration,” which has 6 sections:
    • The primary possibility is “Danger Per Commerce,” calculating the danger per commerce primarily based in your threat tolerance.
    • The second possibility is “Reward To Danger Ratio,” the place you may set the specified reward-to-risk ratio.
    • The subsequent possibility is “Use RiskFree,” the place setting it to True permits for trades with decrease threat.
    • The next possibility is “RiskFree @ Reward,” permitting you to decide on the reward stage at which the commerce turns into risk-free.
    • “Max Open Positions Per Image” determines what number of trades you need open for an emblem. You’ll be able to enter any desired quantity.
    • “Max Open Positions Per Zone” signifies what number of trades the system will provoke in a single zone. Setting a better quantity than one means the system will take a number of trades in a zone, doubling the danger for every extra commerce.
  • The subsequent parameter is “Fails Zone Circumstances,” consisting of three components:
    • The primary half is “Breakout_Type,” figuring out how the system deactivates a zone. It has two sub-parts:
      • “Max Level,” specifying the variety of factors after which the zone is deactivated.
      • “Bar_Close,” figuring out whether or not the zone is deactivated when a candle closes within the timeframe the zone was drawn.
    • The final half is “Delete Breakout Zone,” which, if set to True, routinely deletes stuffed zones; in any other case, zones have to be deleted manually.