Strategize your Pattern

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Order Side

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TThe user must choose the type of order they want to place after the last candlestick of your pattern.

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Choices include market, stop, and limit orders for shorts and longs.

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Order Strategy

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This parameter offers three methods to develop an order strategy tailored to your pattern setup.

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Risk Reward Ratio | SL-%Scale: Use this option to establish a strategy based on a risk-reward ratio. Configure your stop-loss with the 'SL-SCL' parameter to set your stop level, and use 'TP-RRR' to define the ratio for your take profit.

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Trailing Stop-Loss | SL-%Scale: Choose a trailing stop-loss that adjusts the stop level based on market movements, offering dynamic protection without moving backward. Set up this trailing stop with the 'SL-SCL' parameter.

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Trailing Stop-Loss | SL-ATR: Combine a trailing stop-loss with the Average True Range (ATR) to dynamically adjust the stop-loss based on market volatility. Use the 'SL-ATR' parameter to set up this advanced stop-loss.

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Each option is designed to provide flexible risk management tailored to your trading approach, allowing you to maximize order management based on market conditions and your trading strategy.

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🇴🇷🇩-🇸🇨🇱 | LMT/STP Connect-To-%Scale

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You can connect your Stop or Limit order to a specific %Scale defined previously on a Candle, then apply a precise percentage relative to this %Scale to place your stop or limit order.

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🇴🇷🇩-🇴🇫🇫 | LMT/STP Order Cancellation

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This parameter allows the user to define a number of bars after which the limit/stop order will be cancelled if it hasn't been executed. This helps avoid holding unexecuted orders for an extended period.

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Choose 'ON' to active this parameter.

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🇸🇱-🇸🇨🇱 | Stop-Loss Connect-To-%Scale

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You can connect and position your stop-loss to a specific %Scale defined previously on a candle of your pattern, then apply a precise percentage relative to this %Scale to place your stop-loss.

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🇹🇵-🇷🇷🇷 | Take-Profit Multiplier

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This parameter allows the user to define take-profit based on a risk/reward ratio. It will multiply the size of the gap between the stop-loss and the order by this ratio to determine the level of take-profit.

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This parameter works only with 'Risk Reward Ratio | SL-%Scale' option on the Order Strategy parameter.

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🇸🇱-🇦🇹🇷 | ATR Length

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This parameter allows you to set the length of the Average True Range (ATR) used to calculate the stop-loss level for your trade.

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The ATR Length defines the number of bars included in the ATR calculation, influencing how responsive the stop-loss is to recent market volatility.

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Adjusting this value enables you to fine-tune the sensitivity of the stop-loss, making it tighter or looser depending on your risk tolerance and market conditions.

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🇸🇱-🇦🇹🇷 | ATR Multiplier

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This parameter allows you to set a multiplier for the Average True Range (ATR) to determine your stop-loss distance.

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The ATR Multiplier scales the ATR value, effectively adjusting the stop-loss distance according to the market’s current volatility.

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A higher multiplier increases the stop-loss distance, providing more room for price fluctuations before triggering a sell, whereas a lower multiplier tightens the stop-loss, potentially reducing risk but also increasing the likelihood of an early exit from the trade.

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🇸🇱-🇲🇮🇳 | SL Tick Size Minimum

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This parameter allows you to define the minimum size of your stop-loss in ticks, thus providing control over risk management.

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Choose 'ON' to active this parameter.

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Example : Pattern with Market Order and Trailing SL-ATR

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Example : Pattern with Limit Order and Trailing SL-%Scale

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Example : Pattern with Stop Order and Risk Reward Ratio

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Example : Pattern with Limit Order Cancelled

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Example : Pattern with Stop Order Cancelled

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