BEST Trade Manager

6 Şub 2020

Hello traders

The BEST Trade Manager got upgraded with many more features

I. 💎 SCRIPTS ACCESS 💎

1. Available only with one-time payment on my website.
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here: Daveatt
3. Many video tutorials explaining clearly how all our indicators work are available on your website > guides section.
4. You may also contact me directly for more information

II. 🔎 What is the BEST Trade Manager?🔎

2.1 Concept

The BEST Trade Manager is compatible with any indicator.
Once connected, it adds another layer of good stuff with real-time user custom defined stop loss (8 available options), take profits (4 possible options) + alerts compatible for trading automation.

2.2 How hard is it to update your indicator?

We'll send to our customers, a comprehensive and easy tutorial, to make any indicator compatible.
I guarantee you, it should take no more than 2 minutes per indicator. We made it easy, fun, and awesome. #bolder #statement

III. The amazing benefits of our Plug&Play system

I hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
The BEST Trade manager can be connected to any external indicator

Let's assume you want to connect your RSI divergence to your Trade Manager.

I mentioned an RSI divergence but you may connect any oscillator ( MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
THE SKY IS (or more likely your imagination) is the limit :)

We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature

IV. 🧰 Features 🧰

Candles can be colored to highlight the trend direction better[/b[

4.1 Stop-Loss Management

For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal.
This is NOT a recommendation at all, only an example to explain how this feature works.

- %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit
- Pips Trailing: Same as above but using a distance in pips/USD value
- Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here
- TP Trailing
- Supertrend: embedded supertrend use as a trailing stop
- Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units)
- ATR multiple: Set the Stop-loss at a multiple of ATR
- External connector: Let's say your indicator already contains embedded stop-loss levels, you can add them in the Trade Manager

4.2 Take Profits Management

You can manage up to 3 take profit levels defined as a percentage or price value or ATR multiple.
The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price

4.3 Built-in Risk-to-Reward Panel with real-time analytics

The good stuff doesn't stop here.
You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart.

- Entry Price: the price when the Algorithm Builder will give a signal.
- The Trade PnL in percentage.
- Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price.
- Entry TP1/TP2/TP3: Distance (in currency/units) between the entry price and the first take profit
- Risk/Reward TP1/TP2/TP3: Using the Stop-loss distance at entry, and Take Profit 1/2/3 at the entry to compute the risk-to-reward ratio.
- Max drawdown and Max opportunity (value and percentage): respectively the maximum loss and maximum win per trade

For more details, please check the guides section of my website. Links are in my signature and profile status.

V. 🔔 Alerts 🔔

We enabled the alerts on the:
1. Stop-Loss hit
2. Take Profit 1/2/3 hit
3. custom hard exits based on either MACD/RSI divergence/MM cross

5.2. 🤖 Compatible with trading bots? 🤖

Should be compatible with all third-parties out there capturing alerts and forwarding them to the brokers.
We enabled TradingConnector alert templates so far and we'll add the ProfitView ones shortly

If you have any doubts or questions, please hit me up directly or ask in the comments section of this script.

Kind regards,
Dave

7 Şub 2020

Sürüm Notları

- removed the external connector warning message

19 May 2020

Sürüm Notları

V4.5 - Added the emojis in the Panel

31 May 2020

Sürüm Notları

- V4.6 Added the Take Profit Trailing Option

1 Oca 2021

Sürüm Notları

V4.8
Fixed the issue with the secondary signals

1 Oca 2021

Sürüm Notları

Fixed the issue with no TP/SL if no opposite signal

2 Oca 2021

Sürüm Notları

V4.9
Few fixes

18 Oca 2021

Sürüm Notları

- Fixed the ATR SL/TP issue
We know capture the correct values at the signal candle

22 Şub 2021

Sürüm Notları

Version 5.0
- Added the trade direction feature
- Fix the ATR data available for automation

3 May 2021

Sürüm Notları

Version 5.1
Added the new alert placeholder

Create only ONE alert per security and capture the Buy/Sell/Hard Exit/TP1/TP2/TP3/SL events

The alert features automatically applied the once per bar close/once per bar filter from the code now

To use it, create an alert with the Any alert() function call option as shown below
imgur.com/a/oZXPyRR