Sensible Cease – FAQ
Your full information to the Sensible Cease Indicator, Scanner and Supervisor
1. What’s the Sensible Cease Sequence?
The Sensible Cease Sequence consists of three instruments that work seamlessly collectively to ship a whole, skilled stop-loss workflow:
- Sensible Cease Indicator
Attracts exact, market-based stop-loss ranges in your chart and marks them as new, legitimate or damaged. - Sensible Cease Scanner
Displays all Market Watch symbols and alerts you when new ranges seem, when a cease breaks, or when value approaches a stage. - Sensible Cease Supervisor
Robotically applies the Sensible Cease logic to your trades by inserting and trailing stops with out guide intervention.
2. Sensible Cease Supervisor – Conduct and Logic
2.1 Automated stop-loss placement
The Supervisor locations an accurate Sensible Cease stage the second a brand new commerce seems, even when the unique order had no cease loss.
2.2 Automated trailing
At any time when a brand new legitimate Sensible Cease stage kinds, the Supervisor trails the cease to the brand new stage routinely.
2.3 Interplay with different EAs
The Supervisor can change cease losses set by different EAs. Some EAs settle for this with out situation, whereas others repeatedly attempt to reset their unique SL. Because of this, testing on a demo account is beneficial.
2.4 Handbook stop-loss changes
- Shifting SL nearer to cost: Allowed. The Supervisor retains your reduced-risk adjustment and marks the commerce as “Evaluation” as a result of it differs from the beneficial stage.
- Shifting SL additional away: The Supervisor permits the transfer however immediately resets it to the final legitimate Sensible Cease stage as a result of it by no means will increase threat.
- In case your SL is simply too tight: The Supervisor is not going to widen it. It solely tightens, by no means loosens.
In abstract: The Supervisor accepts adjustments that cut back threat, and rejects people who enhance it.
2.5 Do I want so as to add the Supervisor to every chart?
No. One occasion manages all trades throughout your entire terminal.
2.6 Can I run a number of situations with completely different Magic Numbers?
Sure. Every occasion manages solely the trades matching its Magic Quantity filter. This allows you to run unbiased cease logic for scalping, intraday, and swing methods concurrently.
3. Sensible Cease Indicator – Show and Choices
3.1 How do I conceal outdated cease ranges?
Scale back the parameter Max historical past bars to calculate. A smaller worth reveals solely the latest stop-loss construction.
3.2 Advisable variety of bars
The default is a full historic demonstration of the algorithm. For realtime-only evaluation, you may cut back it primarily based in your wants.
3.3 Distinction between “New” and “Legitimate”
- New: A stop-loss stage that appeared through the configured recency window (default: 120 minutes on M5).
- Legitimate: The extent continues to be intact however older than the “New” window.
Tip: Regulate the time window to your timeframe. For instance, use round 60 minutes for M1, and a better worth for larger timeframes.
4. Sensible Cease Scanner – Function and Utilization
The Scanner is non-obligatory and very best for merchants who:
- commerce a number of symbols,
- need prompt alerts for brand new stop-loss alerts,
- want notifications for damaged or examined ranges.
It constantly screens all Market Watch symbols and studies each vital occasion within the Sensible Cease construction.
5. Advisable Setup and Workflow
For a totally structured stop-loss workflow, we suggest:
- Indicator for visible readability,
- Supervisor for automated updates and trailing,
- Scanner for multi-symbol alerting.
The Indicator and Supervisor alone already create a whole stop-management system. The Scanner provides international visibility throughout symbols.
6. Product Hyperlinks
Sensible Cease Indicator
https://www.mql5.com/en/market/product/154265
Sensible Cease Scanner
https://www.mql5.com/en/market/product/154268
Sensible Cease Supervisor
https://www.mql5.com/en/market/product/154267
Sensible Cease Sequence – Constructed for skilled, logic-based stop-loss administration
Daniel, Stein Investments
