StratEngine Sniper Settings Guide

This guide covers all configurable settings for the StratEngine Sniper automated trading strategy. StratEngine Sniper uses multiple timeframe analysis to identify high-probability #TheStrat patterns, entering trades when timeframes align for precision entries.

Trading Parameters
Risk Management
- Stop Loss Type (Default: PreviousBar)
Entry Methods
Exit Strategy

Trading Parameters

The Trading Parameters control when and how the strategy operates.

Start Time (Default: 18:00)

Function: Defines when the strategy begins looking for trading opportunities
How it works: The strategy will only look for entry signals after this time each day
Overnight Sessions: Automatically handles overnight trading when end time is before start time

End Time (Default: 16:00)

Function: Defines when the strategy stops looking for new entries
How it works: No new positions after this time, but existing positions continue to be managed
Note: Default settings (18:00-16:00) represent overnight futures trading

Max Daily Profit (Default: 99999)

Function: Maximum daily profit before disabling strategy
How it works:
- Tracks realized profit/loss for each trading session
- Stops taking new trades once this profit level is reached
- Resets at the start of each new session
Default: Set high to effectively disable this limit

Max Daily Loss (Default: 99999)

Function: Maximum daily loss before disabling strategy
How it works:
- Tracks realized losses for each trading session
- Stops taking new trades once this loss level is reached
- Resets at the start of each new session
Default: Set high to effectively disable this limit

Base Size (Default: 1)

Function: Starting position size for trades
How it works:
- This is your base contract size
- All martingale calculations start from this number
- Used when dollar risk sizing is disabled

Martingale Type (Default: None)

Function: Controls position sizing after losing trades
Options:
- None: Always trade base size
- Standard: Double size after each loss
- Linear: Add base size after each loss
- Fibonacci: Use Fibonacci sequence for sizing
Reset: Position size resets to base after any winning trade

Use Dollar Risk Sizing (Default: false)

Function: Enable risk-based position sizing
How it works:
- When enabled: Calculates contracts based on dollar risk
- When disabled: Uses base size and martingale settings
Priority: Overrides martingale when enabled

Max Dollar Risk Per Trade (Default: 200)

Function: Maximum dollar amount to risk per trade
How it works:
- Used when dollar risk sizing is enabled
- Calculates position size based on stop distance
- Acts as risk cap for all trades

Risk Management

Stop Loss Type (Default: PreviousBar)

Function: Method for calculating initial stop loss
Options:
- PreviousBar: Uses previous bar's high/low
- Fixed: Uses fixed tick amount
- CurrentHighLow: Uses current bar's high/low
Application: Determines protective stop placement

Entry Methods

The Entry Methods control pattern recognition and timeframe analysis.

HTF 1-3 Minutes (Default: 30, 60, 60)

Function: Higher timeframe periods for analysis
How it works:
- Analyzes these timeframes for #TheStrat continuity
- All timeframes must align for entry signal
- Set to 0 to disable a timeframe
Example: 30-min, 60-min, 60-min creates triple timeframe confirmation

Primary LTF Entries (Default: false)

Function: Require lower timeframe confirmation
How it works:
- When true: Entry requires LTF signal matching HTF
- When false: HTF signals alone can trigger entry
Purpose: Adds precision but may reduce opportunities

Include Momentum Hammers/Shooters (Default: true)

Function: Include hammer and shooter patterns
How it works:
- Hammers: Bullish reversal patterns
- Shooters: Bearish reversal patterns
- Adds momentum-based entry signals

Exit Strategy

The Exit Strategy settings control position management and exits.

Cover Risk (Default: true)

Function: Take partial profits at 1:1 risk/reward
How it works:
- Exits half position at break-even plus initial risk
- Lets remainder run to full target
- Helps ensure profitable trades

Take Profit Type (Default: Based on selection)

Function: Method for calculating profit targets
Options:
- Fixed: Fixed tick amount from entry
- Reward: Multiple of initial risk (R-based)
Impact: Determines exit strategy

R Multiplier (Default: Based on setting)

Function: Profit target as risk multiple
How it works:
- Used when TP Type is "Reward"
- Target = Entry + (Stop Distance × R Multiplier)
Range: 0.5 to 10.0

Fixed TP Amount (Default: 240 ticks)

Function: Fixed profit target in ticks
How it works:
- Used when TP Type is "Fixed"
- Target = Entry ± Fixed Amount
Note: Independent of stop loss distance

Fixed SL Amount (Default: 200 ticks)

Function: Fixed stop loss in ticks
How it works:
- Used when Stop Loss Type is "Fixed"
- Stop = Entry ± Fixed Amount
Purpose: Consistent risk regardless of market structure

Exit on First Reversal (Default: false)

Function: Exit on primary timeframe reversal
How it works:
- When enabled: Exits immediately on pattern reversal
- Protects profits but may exit early
Use Case: Conservative profit protection

Enable Break-Even (Default: true)

Function: Move stop to break-even after profit
How it works:
- Monitors position for break-even trigger
- Moves stop to entry plus offset
- Protects against losses

Break-Even Offset (Default: 0 ticks)

Function: Ticks beyond entry for break-even
How it works:
- 0 = Move stop to exact entry price
- Positive value = Guaranteed profit at break-even
Trigger: Activated when price reaches entry + initial risk

Need Help?

If you need assistance with settings:

Join our Discord community for real-time help
Visit the Support Center for guides
Contact us for personalized assistance

Remember: These are default suggestions. Always adjust settings based on your personal risk tolerance and trading goals.