Intraday Trade Mgmt on Chart

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

  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,

  

  ashehzi

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  07/31/2024 at 12:39 PM #235964
  Iván

  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/
  –

  

  Iván

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

  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

  

  ashehzi

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

  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)

  1 user thanked author for this post.

  Iván

  

  JS

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  08/06/2024 at 10:23 AM #236156
  ashehzi

  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.

  

  ashehzi

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