Courses Infomation

Indicatorwarehouse – Trade Manager

Sale page: http://salaedu.com/wp-admin/post-new.php?post_type=product

The best webinar I’ve ever attended on money management

Learn the three money management misconceptions that cause traders to blow their funds by watching the video below.

“Trade management is what distinguishes successful traders from unsuccessful dealers…

The biggest surprise for traders is how much money they were losing by not having the appropriate number of shares or contracts for each deal before utilizing the Trade Manager.

Proper position sizing, or the amount risked in relation to the size of your trading account, accounts for 95% of trading performance. The number of contracts you need to hold to maximize your trading outcomes is specified by Trade Manager.

The two most important factors that distinguish successful traders from unsuccessful traders are stop management and position sizing.

The automated trading capabilities of Trade Manager determine the appropriate number of contracts or shares to deal based on the size of your account and then let you execute the trade straight from your chart. By the time you close the deal, you are making the most money with the least amount of risk. That is the objective, right?

The majority of issues that individual traders have may be resolved by automated trading and position sizing alone. In trading, there is no compensation for studying charts, making orders, or using the platform with the quickest execution. You are compensated for effectively handling the position while it is active.

The majority of traders are fixated on locating the “best” entry point to begin their transaction. However, where is the profit coming from your trades? the size of the location and the exit!

Always keep in mind that risk is the ONLY thing you can actually control (position size). You have no influence over the direction the market will go. Nobody can. However, you may lessen your anxiety by being aware of your risk before you place a trade and allowing an automated trading program to take over the management of your position once it is open. In reality, you may put on a position with Trade Manager and then completely ignore it.

The automatic trading features of Trade Manager will trace your stop(s) for you. enabling you to engage in other trades. Imagine doing that with many fishing poles in the water at once. You greatly boost your likelihood of landing the Big Fish!

The simplest method to determine whether a trader will be successful is to observe how they adhere to these two fundamental principles:

Do they minimize losses?
Do they allow earnings to swell?

Both of them are handled for you by Trade Manager! The NinjaTrader platform’s Trade Manager is a crucial trading tool that can be used with any indicator set or strategy. It guarantees that you benefit as much as possible from each and every deal you make.

An automatic trading solution that actually “letting your earnings flow” without additional risk has finally arrived!

Important Parameters/Features/Options
Now includes a new Template Manager that allows you to save the parameter settings for each chart (retail price: $397).
While engaged in a trade, trade management can be activated and deactivated.
does not begin to handle a trade until the initial Stop put when a transaction is launched is caught up with.
You can alter the kind of a trailing stop while holding an open position after a transaction has been initiated.
can be used to several charts for a single instrument.
“Turning off” the auto break even account pnl is possible.
(There will no longer be a “one single” default) Template Manager to save inputs under template names
Tick offsets for Swing point trailing stops and Moving Average stops
Among the Automated Stop Strategies are:

ATR: The default setting for ATR can be modified by following the setup instructions in the preceding section. A stop method based on market volatility is average true range.

Percentage: The Percent Trailing method uses percentage. Value is a percentage of the high/low of the indicator that will be used to put the stop.

MA: There are eight distinct Moving Average types available when using the Moving Average stop method. From the Type drop-down menu box, choose the fashion you want.

SWING: Trails a stop loss order using market turning points. Swing Highs and Lows are an effective stop tactic because they highlight where price has encountered support and resistance. By selecting HIGH/LOW from the Type drop-down menu box, you may specify which side of the market you want the stop-displayed on.

BAR: Bar High/Low is a unique and exclusive Scalping stop approach developed by IndicatorWarehouse. It is an aggressive technique intended to exit a transaction at the first indication of market deterioration.

PSAR: Welles Wilder invented the Parabolic SAR, a simple yet effective stop-loss technique. The price will follow the Parabolic SAR, which signifies for “stop and reverse,” as the trend grows over time.

Supertrend: An ATR modification approach that works best when combined with trends to maximize production. Depending on how the trend is developing, Super Trend might go above or below the price. As a stop loss, it moves with the price but does not “crowd” the market when there is congestion.

CHANDELIER: Created by Chuck LeBeau, the Chandelier stop technique is a trend-following method that adds the Average True Range to the Lows during a downtrend and dangles a multiple of it from the Highs during an upswing.

FIXED: The Fixed Tick Strategy, as its name implies, lags the stop loss order by a certain amount of ticks.

Note: Enter a negative (-) number in the Tick Offset if the FIXED strategy is showing the stop-loss on the incorrect side of the market. The trailing stop will “flip” to the opposite side of the market thanks to this function.

Additional Types of Custom Orders

Trade Manager has BREAK EVEN feature in addition to more than twelve other types of bespoke trailing stops.

A live transaction is instantly moved to breakeven +1 by using the BREAK EVEN button. It may be altered to any positive number, though.

The most common application of OCO (One-Cancels-Other) orders is to “bracket” trades with a BUY order above and a SELL order below recent price movement. As the name implies, the remaining order(s) are automatically canceled when one side of the trade is filled (or canceled). You are allowed to display an unlimited number of OCO deals on your chart.

Salepage : Indicatorwarehouse – Trade Manager