Trade Management
Overview
The Trade Management settings allow you to customize how trades are managed after they are opened. These controls are crucial for managing risk, securing profits, and improving trade outcomes across different market conditions.
This feature includes standard exit methods like Take Profit, Stop Loss, and Trailing Stops, as well as advanced options like Signal-Based Exits, a Martingale position sizing strategy, and Advanced Trade Exit Algorithms that use dynamic, pre-built models to find optimal exit points.
Settings
You can configure the following settings to control how your strategy exits trades.
Take Profit Settings
Take Profit (TP) defines the level at which a position is automatically closed to secure profits. You can set multiple TP levels to exit a trade in parts.
Take Profit Method
Determines how the take profit level is calculated.
Disable: No take profit is set.
Percent (%): Uses a fixed percentage move.
ATR: Uses the Average True Range (ATR) as a multiplier for a dynamic target.
Take Profit Value
The size or multiplier used for the take profit calculation.
Range: 0.0+
Recommended: 1.0 - 5.0
# of Take Profit Levels
Specifies how many take profit targets to set for closing a position in parts.
Range: 1 - 3
Recommended: 2 - 3
Stop Loss Settings
Stop Loss (SL) protects your capital by closing a trade when the price moves against you and reaches a specified loss threshold.
Stop Loss Method
Determines how the stop loss level is calculated.
Disable: No stop loss is set.
Percent (%): Uses a fixed percentage distance.
ATR: Uses the ATR for a dynamic stop based on volatility.
Stop Loss Value
The distance or multiplier used for the stop loss calculation.
Range: 0.0+
Recommended: 1.0 - 5.0
Trailing Stop Settings
A Trailing Stop is a dynamic stop loss that moves in the direction of a profitable trade, helping to lock in gains while giving the position room to grow.
Trailing Stop Method
Determines how the trailing stop distance is calculated.
Disable: Trailing stop is turned off.
Percent (%): Uses a fixed percentage distance.
ATR: Uses the ATR for a dynamic trail based on volatility.
Trailing Stop Value
The distance or multiplier used for the trailing stop.
Range: 0.0+
Recommended: 1.0 - 5.0
Signal-Based Exits
These settings allow you to use opposing strategy signals as a reason to exit a trade.
Signal Take Profit
When enabled, an opposing strategy signal will trigger a take profit exit, but only if the trade is currently in profit.
Signal Stop Loss
When enabled, an opposing strategy signal will trigger a stop loss exit, but only if the trade is currently at a loss.
Martingale Settings
The Martingale strategy is a high-risk approach that increases position size after a losing trade to recover losses more quickly on a subsequent winning trade.
Martingale
Enables or disables the Martingale position sizing strategy.
On/Off Toggle
Max Martingale Steps
The maximum number of consecutive losses after which the position size will stop increasing. The size will be capped at the last step's multiplied value.
Range: 1 - 10
Recommended: 3 - 5
Martingale Multiplier
The factor by which the position size is multiplied after each losing trade. A value of 2.0 will double the size.
Range: 1.0 - 10.0
Recommended: 1.5 - 2.5
Advanced Trade Exit Algorithms
These are intelligent, pre-built models designed to find optimal exit conditions based on market behavior, providing more dynamic trade management than basic TP/SL methods.
Advanced Trade Exit Algorithm
Selects the advanced algorithm used for exit logic.
Disable: Advanced exit logic is off.
Probabilistic Reversal Exit: Uses a statistical approach to signal exits when a trend reversal is likely.
Predictive Pattern Exit: Uses a predictive model to identify patterns that often lead to a trend reversal.
Adaptive Trailing Exit: A dynamic trailing stop that adjusts its distance based on changing market conditions.
Market Shift Exit: Triggers an exit when it detects a significant shift in the market's behavior.
Composite Model Exit: Combines signals from several different models to make a more robust exit decision.
Advanced Exit Sensitivity 1
Adjusts the algorithm's responsiveness to market changes. Lower values are more sensitive.
Range: 1 - 50
Recommended: 3 - 15
Advanced Exit Sensitivity 2
Adjusts how the algorithm adapts to changing market conditions. Lower values are more adaptive.
Range: 1 - 50
Recommended: 3 - 15
Advanced Exit Threshold
Controls the strength required for an exit signal. Higher values require stronger confirmation before exiting.
Range: 0 - 25
Recommended: 1 - 5
Display Settings
Show Previous Trades
Toggles the display of historical trades and their exit points directly on the chart.
Best Practices & Usage
Adapt to Market Volatility: For markets with high volatility, using the ATR method for your Stop Loss and Take Profit can be more effective, as it automatically adjusts to changing market conditions.
Secure Profits Gradually: Use multiple Take Profit Levels (e.g., 2 or 3) to lock in partial profits as the trade moves in your favor. This can help reduce risk and secure gains on longer trends.
Start Simple: Begin by using the standard Take Profit and Stop Loss settings to establish a performance baseline. Only enable the Advanced Trade Exit Algorithms once you want to further refine your exit strategy.
Test Advanced Exits: Experiment with different Advanced Trade Exit Algorithms to see which one works best for your trading style and the specific market you are trading. Some may be better for trending markets, while others excel at detecting reversals.
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