AlgoSamurai Kana Trend Free

Description

AlgoSamurai Kana Trend’s smart algorithm detects the trend on any instrument, any timeframe, and gives powerful entry signals with exit levels.

Its advanced statistics gives you deep insight as to success and profitability of its signals — while being fully transparent on any potential for loss.

Features

How To Trade

No complicated rules. Just follow 3 simple steps!

Step 1: Trade Setup

• Enter on buy/sell signal

Step 2: Set Stop Loss

• Exit on opposite signal and/or SL

Step 3: Set Take Profit

• Option 1: If only TP1 is true, then take profit on TP1 and/or exit at opposite signal
• Option 2: If only TP1 and TP2 are true, then take partial profit on TP1 and TP2 and/or exit at opposite signal
• Option 3: If TP1, TP2 and TP3 are true, then take partial profit on TP1, TP2, and TP3 and/or exit at opposite signal
• Option 4: If no TP levels are true, exit on opposite signal

Enhanced Statistics Calculation

Win Condition

• TP Hit – When a signal reaches at least one TP level
• Exit Win – When a trade closed on opposite signal results in positive profit

Loss Condition

• SL Hit – When a signal hits the SL
• Exit Loss – When trade closed on opposite signal results in negative profit

Success Rate

• Percentage of signals which meet the win condition divided by the total number of trades, including potential losses
• Used as reference to find better trending pairs and timeframes.

Profit Factor

• See your total profit, total loss and net profit/loss in pips or points
• Use profit factor (total profit / total loss) > 1.5 as a reference to find more robust pairs and timeframes. Hint: Best results on H1.

Settings

• Entry Rules — Customize timeframe and 2 inputs.
  • Time Frame — choose the time frame. Default is current chart.
  • Kana Length — the number of bars used to calculate the trend. Default is 70.
  • Kana Level — the level in which the indicator must cross to generate a signal. Default is 0.25.
• Position Settings — Controls if the position will be reversed, traded long and/or short, with opposite close, and if spread handicap is used.
  • Spread Handicap — Allows you to indicate a current or custom spread to provide for a more realistic result.
• TP Rules — Controls if the position will have 0-3 take profit levels, and how those TP levels will be calculated, in fixed pips or ATR based pip calculations. Default is to use all 3 TP levels in ATR mode.
• SL Rules — Controls if the position will have SL or not, and how that SL level will be calculated, in fixed pips or ATR based pip calculations. Default is to use SL in ATR mode.
• Alert Settings — Controls the alert options enabled.
• Visual Settings — Controls the visibility of objects drawn on the chart.