Intraday Trade Mgmt on Chart

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  • 07/30/2024 at 1:41 PM #235937 quote
    ashehzi
    Participant
    Average

    Hi,

    Can I use money management using my own indicator in the chart? I don’t see functions to do so.

    I’ve seen money management video which specifies max loss / profit but it just notifies you and enforcement is an option, not a must. If the functions are there, one can control via own indicator.

    Thanks,

    07/31/2024 at 12:39 PM #235964 quote
    Iván González
    Moderator
    Master

    Hi,
    In ProRealTime, you can implement money management strategies using your own custom indicators. While the platform provides notification options for max loss/profit, it is possible to automate the enforcement of these conditions through programming trading systems.
    Just go to finder and look for “money management”.
    – https://www.prorealcode.com/blog/learning/money-management-prorealtime-code/
    – https://www.prorealcode.com/topic/money-management-type-automated-switching/
    – https://www.prorealcode.com/prorealtime-trading-strategies/trend-chaser-3-0-money-management/
    –

    08/04/2024 at 9:26 PM #236125 quote
    ashehzi
    Participant
    Average

    Thanks for your reply. I am aware of those options in automated trading as I created some auto trading systems for myself.

    My question was about doing it in normal chart as an indicator, not running a strategy on a chart in real time as that would depend on the algo, but If I am doing things manually, then I can’t do it. Normal indicators on charts don’t have any functions to do so. Please correct me If I am wrong.

     

    Regards,

    –

    Ash

    08/04/2024 at 10:19 PM #236126 quote
    JS
    Participant
    Senior

    That’s right, you can’t use the specific ProOrder/ProBackTest instructions in the ProBuilder module…  (they are separate modules where specific instructions are not interchangeable)

    Iván González thanked this post
    08/06/2024 at 10:23 AM #236156 quote
    ashehzi
    Participant
    Average
    It would be good if PRT can build controls/functions in ProBuilder to help trader do the trade/money management. I may not help the brokers who make money because of silly traders but surely will help the end user.
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Intraday Trade Mgmt on Chart


Platform Support: Charts, Data & Broker Setup

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ashehzi @ashehzi Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by ashehzi
1 year, 6 months ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 07/30/2024
Status: Active
Attachments: No files
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