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, and Martingale position sizing strategy.
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
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.
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