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 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.

Setting	Description	Options / Recommended
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. Signal: Exits the trade based on an opposite strategy signal.
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.

Setting	Description	Options / Recommended
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. Signal: Closes the trade based on an opposite strategy signal.
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.

Setting	Description	Options / Recommended
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. Signal: Exits the trade based on an opposite strategy signal.
Trailing Stop Value	The distance or multiplier used for the trailing stop.	Range: 0.0+ Recommended: 1.0 - 5.0

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.

Setting	Description	Options / Recommended
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

Setting	Description
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.