Trade Management

Overview#

The Trade Management settings let you customize how trades are managed after they are opened. These controls help you manage risk, secure profits, and improve trade outcomes across different market conditions.

This feature includes standard exit methods like Take Profit, Stop Loss, and Trailing Stops, as well as advanced options like Signal-Based Exits and the Martingale position sizing strategy.

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.
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 - 3Recommended: 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.
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.
Trailing Stop Value	The distance or multiplier used for the trailing stop.	Range: 0.0+Recommended: 1.0 - 5.0

Signal-Based Exits#

These settings let you use opposing strategy signals as a reason to exit a trade.

Setting	Description
Signal Take Profit	When enabled, an opposing strategy signal will trigger a take profit exit, but only if the trade is currently in profit.
Signal Stop Loss	When enabled, an opposing strategy signal will trigger a stop loss exit, but only if the trade is currently at a loss.

Martingale Settings#

The Martingale strategy is a high-risk approach that increases position size after a losing trade to recover losses more quickly on a subsequent winning trade.

Setting	Description	Range / Recommended
Martingale	Enables or disables the Martingale position sizing strategy.	On/Off Toggle
Max Martingale Steps	The maximum number of consecutive losses after which the position size will stop increasing. The size will be capped at the last step's multiplied value.	Range: 1 - 10Recommended: 3 - 5
Martingale Multiplier	The factor by which the position size is multiplied after each losing trade. A value of 2.0 will double the size.	Range: 1.0 - 10.0Recommended: 1.5 - 2.5

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.