The Algo Builder INDICES is now easier to use
- Default mode removed - only the Trade Manager remains now. This simplifies a ton this indicator.
We provide the entries but the exists are now up to you.
Because we cannot know what is your capital, risk appetite, and goals. We try to provide the BEST entries and the BEST risk management, but the exits have to be defined accordingly to who you are.
- Safe Mode: We often say to wait for a pullback near the EMA20 when we get a signal against the trend.
We automatized that option with that checkbox 🔥🔥🔥 - We'll talk about it during the LIVE coaching.
- Fixed Distance Value: You can now set a stop-loss in distance points value.
Use case: You'd like to set a stop-loss 40 points away from your entry
- Fixed Take Profit Distance: Define your Take Profit 1 and 2 with a distance in points value.
Use case: Set the first take profit 40 points away from the entry price, and the second one 60 points away. (those values are only to illustrate my point 😉)
USE TP TRAILING MODE: Apply a TP trailing for your selected stop-loss.
This is a very remarkable feature. Assuming the stop-loss (SL) is set 2% away when the trades start.
When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven).
Then when the TP2 is hit, the SL is moved to the previous TP1 position.
This is a decent way of protecting your gains.
- SMART TradingView alerts: They work even better now - only triggering when in a trade and once per trend
Those trading based on alerts will enjoy this feature very much. We'll update by end of this week all of our scripts using this new exciting feature.