INVITE-ONLY SCRIPT

Trade Manager & Position Size Tool & PnL Tracker [AlgoScopes] V1

Position size tool, leverage calculator, trade tracker, money management, trade presentation, risk reward management, margin position, live profit and loss, that's all in this one Trade Manager indicator.

The idea for this indicator comes from two years ago when I was helping a friend who, at the request of 15-20 members from our telegram group, wanted to create a paid group and share our ideas for trade with them (it started as an experiment for just a month or two and ended with 15 months with over 500 trading ideas and signals, with a complete TA chart). If I had time to create this indicator back then for members, it would have been much easier for them to be able to understand and follow the trade idea that was presented through a classic chart, with all the things that a TA must have:
Entry (as well as the reason for entry),
Stop (where the idea for the trade is no longer valid),
Target (with the reason why it is the target for that trade),
Take profits (taking part of the profit on the way to the target).

The majority of members still did not understand how much position to trade, what is the possible profit or loss, if the margin trade is how much leverage to use, in one word “money management”. The most important rule that every trader must follow is "Plan your trade and trade your plan". Learn money management and you are halfway there to becoming a successful trader. It is only after all that, you learn to use some of the "holy grail" indicators. When you have mastered those first two rules, find and master your favorite indicator or trading style (the most important thing is to stick to those two rules). The margin | leverage is also included in the script, for which there are so many dilemmas, arguments and discussions. (that many who still do not understand margin, would trade that it is not passionate if it is controlled). Too much for an introduction, especially since this indicator has so much to explain.

Most importantly, this is an invite-only indicator, and there are so many free indicators on tradingview that can also serve you very well. As far as I know, all exchanges have a calculator tool to calculate the possible profit and loss for each trade you plan to take.
*This indicator is not recommended for scalping on a 1min chart because the script, as you will see, is very complex, so the loading time is longer than with simpler indicators.

💠 ABOUT THE SCRIPT

This script is made to help manage trade. In this one indicator you have the possibility to do technical analysis, calculation for trade (four types: account size risk, trade investment, maximum to lose or position size), monitor 'PnL' (profit and loss in real time) do the calculation in the second, maybe local currency, and set an alert (from entry to any other change in trade). As the script is made for general use, some slight differences are possible for real time 'PnL' or 'ROI'. Always do a test before you start trading with larger amounts. The script is recommended for intra day trading and above. The script is not recommended for scalping on the 1min chart

💎 PROCESS TO ADD SCRIPT TO CHART

Possible trade on break example trade
https://www.tradingview.com/x/35C4Yr9E/

As this script is invite-only, to add it to the chart you need to click on Indicators and find it under the 'Invite-Only' section. When you add the script to the chart (as it is interactive), you will be asked to do 4 steps.
https://www.tradingview.com/x/gpBqFZJ8/
🔸 'SET TRADE TIME'
Click on the chart where the last vertical bar is.
If you are already in the trade, then find the bar|time where the trade started
(you want to follow trade or trade presentation)
🔸 1) 'SET ENTRY'
Click on the horizontal level where you want to place the Entry
🔸 2) 'SET STOP'
Click on the horizontal level where you want to set the Stop
🔸 3) 'SET TARGET
Click on the horizontal level where you want to place the Target

💎 CONFIRM INPUTS

After you have done those 4 steps, a popup will appear with the relevant inputs for the trade.
https://www.tradingview.com/x/exaWPjAo/
You will see that some inputs are already filled (done in those 4 steps before, Entry, Stop and Target). You can correct them if you want (you will sometimes notice a longer 'space decimal' for the trade ticker, but this will not affect the calculator or other parts of the script). You can do the rest of the inputs for trade or finish it later when the script is loaded on the chart (it is recommended to fill in 'Trade Type' and 'Amount'. Don't forget to click on the "Apply" button to load the script on the chart.

💎 INDICATOR LOADED ON CHART

https://www.tradingview.com/x/mUnXceW1/
• When the indicator is loaded on the chart (regardless of whether it is a new trade or a trade that has already started), the following items are displayed by default:
🔸 'Trade Table' shows all relevant information for the trade
🔸 'Trade Box' with lines for Entry, Stop and Target (Take Profits if enabled)
🔸 'Trade Box Labels' with relevant data
• The Entry label is also the trade status label, and if the trade is not active, by default it is the Entry color

https://www.tradingview.com/x/Ag4nl6LW/
If the trade is active or when a new trade reached Entry, several new things are noticeable:
• Entry|Status label as well as status row in table will change color as well as 'Entry Reached' text
• Several extra columns relative to trade will be added to the Entry|Status label
• 3 new columns will also appear on the Trade Table (Live PnL, Live min PnL and Live ROI)
• If Trail Stop is enabled, the label will change the text to T.Stop and change color depending on whether it is in loss or profit.
• If Trail Stop is enabled, inside Trade Box trail line it will follow price action inside the box, while the label will always be fixed at the initial level
• A vertical colored line will appear on the right side of the Trade Box (depending on whether the trade is in profit or loss) which shows as in the Trade Table like Live PnL

SETTINGS

💎 Trade Account Setup
https://www.tradingview.com/x/scSHF6mx/
🔸 ‘Trade Type’
• 'Account Capital' or portfolio (with combination '% Capital Risk')
• 'Investment' (how much you want to invest in the trade)
• 'Risk To Lose' (how much you want to risk losing)
• 'Position Size' (exact position size, units|share for trade)

🔸 ‘Account Type’
https://www.tradingview.com/x/8zGPi0a3/
• If the account is in another currency or you want to see possible profit | loss in local currency
• Around 150 world and local currencies supported by ICE exchange
https://www.tradingview.com/x/ntLgfNsH/
🔸 ‘Amount’
• Amount for ‘Trade Type’
🔸 ‘% Capital Risk’
• Only for ‘Account Capital’ trade type
(i.e. 10.000 account capital with ‘% Capital Risk’ 4 is 10.000 x 4% = maximum loss 400)
🔸 ‘Leverage’
• Enable|Disable for margin trade i size of leverage (maximum 125x)
(be sure to study how and when to use margin trade through the tutorial, because margin trade can be very dangerous. If you have not perfected margin trade, there is a great possibility of losing most or even all of your account capital).

💎 TRADE ENTRY & TARGET & STOP & T.STOP & DATE | TIME

https://www.tradingview.com/x/0h9PfSIx/
🔸 ‘Trade Date & Time’
🔸 ‘Entry’
🔸 ‘Stop’
🔸 ‘Target’
(all was set in the previous step but can be correct/adjusted if needed)
🔸 ‘Market Entry’
• Enabled will move Entry on that bar close
🔸 ‘Liquidation’ (enabled by default)
• Show ‘Warning’ if trade Stop is close or invalid (trade will hit liquidation before reached Stop level)

🔸 ‘Trailing Type’ (4 trailing stop type)
https://www.tradingview.com/x/qpknEP4y/
• ‘Disabled’ (Stop will stay the entire time at the initial stop level)
• ‘Continuous’ (I.Stop follow price by distance or percent when price reached Trail start level)
• ‘Stepped’ (I.Stop moves to previous level when price reached Trail start level)
• ‘Breakeven’ (I.Stop moves to Entry when price reached Trail start level)*
* (least one Take Profit enabled)
🔸 ‘Trailing Active’ (Entry, TP1, TP2 and TP3)
• Trailing stop starts level if ‘Trailing Type’ is enabled
🔸 ‘Trailing by’ (distance or percent)
• ‘Distance’ (T.Stop will follow price action by distance)
• ‘Percent’ (T.Stop will follow price action by percent)
https://www.tradingview.com/x/H9Rq83ht/
(this is a good example to see the difference between trailing by initial distance and initial percentage)
https://www.tradingview.com/x/TrjTKwkm/
🔸 ‘T.Stop Distance & Percent’ (initial distance and percent for table trade only)
• Useful for bot or exchange
https://www.tradingview.com/x/QH6RgIM3/
🔸 ‘Stop, T.Stop, Target and TP’s in PIP’s’
• Distance in PIP’s

💎 TAKE PROFIT

https://www.tradingview.com/x/oUx29dLe
🔸 ‘Split Target’ (enabled by default to three take profits (TP) with auto split)
🔸 ‘Number of Take Profits’ (up to three take profits)
🔸 ‘Type’ (auto or manual)

https://www.tradingview.com/x/CucowS1l/
• For manual type fill all prices to preferred level. TP percent (TP1%, TP2% and TP3% ) and Target% is how much profit you want to take on a specific level.
• PLEASE NOTE sum of all enabled ‘TP’ and targets = 100 (e.g. two TP and sets TP1% to 25 and TP2% to 35, then Target% should be 40% i.e. 25 + 35 + 40 = 100)

💎 TRADE BOX & LINES

https://www.tradingview.com/x/oDf7XVyR/
🔸 ‘Target Line’ (color for target line and trade table ‘direction’)
🔸 ‘Stop Line’ (color for initial line and trail line)
🔸 ‘Entry Line’ (color for entry line and label & table status)
https://www.tradingview.com/x/Q9oHLwV7/
🔸 ‘To Trade Time’ (‘trade box’ left vertical line)
• By default is set to trade date and time
• Unchecked will be moved to the last bar (live time)
🔸 ‘Extended Left’ (extend Entry, Stop, Target and TP’s lines to left)
• To check for possible support|resistance
🔸 ‘Size’ (Entry, Stop, Target and TP’s lines size)
🔸 ‘PnL Box Size’ (line size for vertical box lines)
🔸 ‘Offset’ (right vertical line offset from last bar)
🔸 ‘PnL Box Color’ (right vertical line and trail fill color)
• Color changes for profit & loss
🔸 ‘Box Line Color’ (box base color)

💎 LABELS

https://www.tradingview.com/x/g0tFztYm/
🔸 ‘Stop & Target Labels’ (enable|disable stop and target labels)
• By default is set to small (tiny, small, normal, large, huge and auto option)
• Disabled will move all information on Entry|Status label
🔸 ‘Offset’ (label offset from trade box)
🔸 ‘Target Label’ (label color for target and all enabled tp’s)
🔸 ‘Stop Label’ (label color for initial stop and enabled trailing stop)
🔸 ‘Label Text’ (color for label text)
🔸 ‘Status Label Color’ (label table entry|status color when trade is not active)
🔸 ‘PnL’ (entry|status color for profit and loss)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Risk to Reward’ (show risk to reward on labels)
https://www.tradingview.com/x/ntLgfNsH/
🔸 ‘Extra Info’ (by default disabled, show extra related info for trade on labels)
• Useful if Trade Table disabled
🔸 ‘Close Trade Stats’ (by default disabled, show all info when trade is closed)
• By default is white text color for close trade stats label

💎 ALERTS

https://www.tradingview.com/x/7TzuYw1n/
🔸 ‘Failed Trade’ (alert if price reached Stop before is active, reached Entry)
• Useful if trade need adjustment but it can also be left as it is
and alert is just warning
🔸 ‘New & Update Alert’ (alert when price reached Entry or change status to enabled Take Profits)
🔸 ‘Trade Closure Alert’ (alert when trade closed, reached Stop, Target or enabled Trail Stop)
• Alert can be in modified or default preset jSon format as well as in plain text format
• Place holders for creating alerts are :
{type}, {symbol}, {exchange}, {ticker}, {base}, {quote}, {timeframe}, {price}, {direction}, {entry}, {stop}, {tstop}, {tp1}, {tp2}, {tp3}, {target}, {tstopstatus}, {status}, {result}
* {type} placeholder is set to ‘Trade Active’, ‘Trade Update’ and ‘Trade Closed’

💎 TABLE DISPLAY

https://www.tradingview.com/x/1L44PdS0/
🔸 ‘Trade Table’ (enable|disable trade table)
🔸 ‘Position’ (by default set to bottom right with option bottom, middle and top with left, center and right)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Full Table’ (by default enabled, disabled show small table without some info*)
* check picture for reference
🔸 ‘Presentation’ (by default disabled, hide all info related to PnL in trade currency)
• Useful if trade shared for presentation, hidden trade fiat|currency info)

https://www.tradingview.com/x/ujat6UKj/
🔸 ‘Header’ (color for trade table first row)
🔸 ‘Stats’ (color for trade table statistics row)
🔸 ‘Text’ (color for trade table text)
🔸 ‘Error’ (color for all errors if is made when trade is setup)
• Color for errors is for trade table and trade labels
🔸 ‘Fiat Price’ (by default enabled, show info for second fiat*
* if trade is in crypto and ‘quoted’ currency is not stable coin, like ETHBTC, or ‘Account Type’ is set to different currency
🔸 ‘Live Fiat Price’ (if ‘quoted’ currency enabled will show live exchange conversion)
🔸 ‘All Errors’ (enabled by default, show all error if trade setup is wrong)
• When error shows on trade, disabled this to see what|where is error
• Check below for more details
🔸 ‘Tool Tip (chart)’ (enabled show all tooltip on chart)
• Check below for more details
• When you are familiar with indicator, disable popup tooltip

💎 TOOLTIP
All possible tooltips have been added for easier understanding, especially for traders who are just learning how to place a trade. (when you perfect this indicator, you can turn off the tooltip in settings, and you can also normally use the lite version of this indicator, which does not contain all these futures)

🔸 'Settings Tooltips’
https://www.tradingview.com/x/7Ds3ZXYV/
https://www.tradingview.com/x/H0ukHCCq/
https://www.tradingview.com/x/NFTmFdVs/

🔸 ‘Chart Tooltips’
https://www.tradingview.com/x/o23HmIvq/

🔸 ‘Table Tooltips’
https://www.tradingview.com/x/EcTdM65X/

🔴 ERRORS
When you setup trade, not only a novice in trading, but also experienced traders can make a mistake and for this reason all possible errors are included in the indicator which will be shown on the chart by changing the color of the labels as well as on the trade table and in most of the cases and error text.
If the tooltip is enabled in the settings, you can see the reason for the error as well as the solution.
Here are some examples of possible errors.
https://www.tradingview.com/x/tlb8TLGx/

Stay safe
PLAN YOUR TRADE AND TRADE YOUR PLAN
calculatoreducationalFundamental AnalysisleverageleveragecalculatormarginPortfolio managementpositionpositioncalculatorprofitlossriskrewardTrade Management

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact CryptoArch_ for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

For trial access please send message using Tradingview or Telegram @Crypto_Arch

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