In the dynamic world of financial markets, where assets sway in value like dancers on a stage, mastering the art of risk management is essential. Traders, akin to choreographers, must orchestrate a delicate balance between potential gains and potential losses. Among the many tools in their arsenal, the trailing Stop Loss stands out as a dynamic approach that...
This one is a bit of a hack but follows on from my video on how to set STOP LOSSES on TradingView for Connected Brokers. To set a TRAILLING STOP LOSS you need to open your broker account, set the trade there and it will then be reflected on the TradingView interface. Basically a set and forget type approach.
hi, just wanted to share a couple of thought on management, mainly for new members. in my eyes, there are two categories of management: simple (fixed RR) and more complex (variations of trailing). Both have positive and negative sides. In my eyes, as a very very subjective opinion, simple fixed RR system will be better for most people. Or ok, I'll not speak for...
Automated Trading on Tradingview can be challenging. But with some strategies employing smart trading techniques, you can find your way to a reliable setup. There are many aspects of automated trading I've employed and studied. Those are as follows: Trailing Take Profits: Allowing a trade to surpass the original profit target if the price continues in your...
How do I detect an uptrend? In the chart BNB/USDT I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. The Supertrend Ninja indicator gave only 6 bullish signals...
I've been bad. I've been greedy with having "strong hands" when I had some 5 to 7R, really should have gotten out when it started retracing. How do I let it go from over 5R to -1? From March-April to September 2020 I got baited. There was oil, there were all the USD trends in summer, and they all went rather far. After this I wanted to keep running my winners, I...
Quanta provides infrastructure solutions to the electric power, oil and gas, and communication industries and has been consistently making higher highs since its March lows last year as part of the Covid reset and has been trending beautifully with relatively little volatility. The whole idea of trend trading is to try and find a trending stock like this one and...
This is an example of Gunbot trading with the Trailing Stop / Stop Limit (tssl) strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on trailing prices, it trades when a price direction change is detected and the trailing stop / stop limit is hit. Additionally, you can set a minimum gain target for sell orders and...