Trend Manager

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Trade Manager

In today’s fast-paced trading environment, managing trades efficiently and effectively is crucial for achieving success. One powerful tool that can greatly assist traders in this endeavor is our profit and loss (P&L) manager. In this comprehensive guide, we will explore the benefits of using a P&L manager for trade management and provide valuable insights into how to leverage this tool to optimize your trading activities.

A P&L manager is a software application designed to track and analyze the profitability of trades in real-time. It provides traders with a clear overview of their financial performance by calculating and displaying profits and losses and also stops and targets. It will also show the dollar amount of the trade and ticks in profit and ticks in stop. With this information readily available, traders can make informed decisions and take necessary actions to maximize their gains and minimize potential losses.

Profit and Loss Manager 1

Trading123 PnL Manager

 

 

 

 

PNL Indicator

Profit and Loss Indicator NQ

The chart above displays the software in action analyzing the current trade.  It shows your current profit and profit targets and gives the dollar amount of those targets. And it also monitors your stop in dollar amount and ticks and displays it on the chart to visually see your trade. 

One of the primary advantages of using a P&L manager is its ability to streamline trade monitoring. Instead of manually calculating profits and losses for each trade, traders can rely on the P&L manager to automatically track and update this information. This automation saves time and eliminates the risk of human error, allowing traders to focus on analyzing market trends and executing well-informed strategies.

PnL Indicator

ProfitNLossIndicator

The Trading123 PnL Indicator in the chart above confirms the trend as a squeeze forms. The Trendline also confirms the upward move providing additional confirmation of the bullish trend.

This indicator helps traders identify the strength and direction of the current trend by analyzing price action and volatility. When a squeeze is forming, it signals that a potential price move is imminent. By combining the information from both the Trendline and Squeeze Indicator, traders can get a comprehensive view of market conditions and make informed trades.

 

PnL Indicator

Profit and Loss Indicator

The Trading123 Profit and Loss Manager displays the trades profits in dollar amount and ticks. And also displays the stop in dollar amount and in ticks.

Efficient risk management is essential for sustainable trading success. A P&L manager provides traders with a clear understanding of their risk exposure by calculating the potential gains and losses associated with each trade. With this information, traders can set appropriate stop-loss levels and implement risk mitigation strategies to protect their capital. Moreover, by regularly monitoring their P&L as the trade develops traders can quickly identify any potential risks or deviations from their trading plan.

 

 

Profit Targets

Profit and Loss Manager 2

The Trading123 Fibonacci and Squeeze Indicator in the chart above. The price moves up off the lows and a squeeze is on, bars turn green and above the zero line and dots are blue. And you would use the fibonacci levels to identify the resistance area. And scael out as the squeeze losses momentum and nears the zero line.

This indicator helps traders identify the strength and direction of the current trend by analyzing price action and volatility. When a squeeze is forming, it signals that a potential price move is imminent. By combining the information from both the Fibonacci and Squeeze Indicator, traders can get a comprehensive view of market conditions and make informed trades.

 

Profit Targets

Profit Targets

The Trading123 Squeeze and Trendline indicator. With these two indicators, you get double confirmation of the overall trend. The squeeze measures the momentum and when it’s in the green the momentum is to the upside. The trendline confirms the move up with the blue dots on the trend line for a strong move up. Using the squeeze indicator when the momentum is above the zero line trend is up. Below the zero line, it’s down, so if you were long it’s time to exit. And when the momentum is strong there is no reason to go short, the squeeze indicator allows you to stay in the trend longer. The manuals and videos explain how to use the software.

 

Profit Targets

Here is the indicator with our Algo Bot Strategy which is sold separately. See how you are able to manage the trade using it. You know what the profit target is and you know what the stop loss is. It measures it in ticks and in dollar amount for a clear understanding of your trade. The manuals and videos explain how to use the software.

Profit & Loss Manager Identifies:

  1.  Target in Ticks
  2. Target in Dollar Amount
  3. Stop in Ticks
  4. Stop in Dollar Amount
  5. Profit Amount
  6. Stop Loss Amount
Renko Bars

Profit and Loss Manager

Plus, you get two powerful bonuses

Indicator Setup

Will provide you with a manual and video on how to install and use your new indicator. We show you how to quickly install the indicator and set it up and get you ready to trade. An easy step-by-step guide to install the indicator.

Squeeze Indicator
Support
Lifetime Updates + Live Support

Trading123 superior technical support team is here to help you with any issues you may have with your software. Call during regular business hours or email us, or use our online chat bot, we are here to always be able to solve your problems. All email is answered within one to two hours. Lifetime support for all are software.

Frequently Asked Questions

Yes, you will receive and PDF manual that explains on how to install the software and a vide on on installing it and using it.

Only on the Ninjatrader 8 platform