Visual Chart Trading Directly from Your Trading Charts!

Can you see the value of being able to:

1.Buy
2.Sell Short
3.Scale into a trade with multiple manual entries while an automated strategy does your exits
4.Scale out of any automated strategy entry using multiple manual exits
5.Manually drag a Profit Target Line into position
6.Manually drag a Stop Loss Line into any position to initially limit risk, and during the trade to lock in your profits
7.Have the strategy calculate and display the Reward-Risk Ratio on your chart, based on where you just positioned your Profit Target trendline and Stop Loss trendline.

You can do all of this without ever leaving your trading chart!

https://www.customizedtrading.com/TradeStation_Add_Ons/Visual_Chart_Trading

The Trend Line Trader Strategy completely allows a Trader to manually interact and manage ANY existing automated trading strategies while eliminating the common TradeManager “Out of Sync” error problems.
Using the Trend Line Trader Strategy you can do any of the the following directly from your charts:

Trader can make Manual Entries & Exits – Computer does the Trade Monitoring & Alerts
Trader can make Manual Entries – Computer does Automated Strategy Exits
Computer does the Strategy Entries – Trader moves Profit Exit Line & Stop Loss Exit Line to manage exits
Computer does Automated Strategy Entries & Exits – Trader interacts and manages automated strategy trades using Profit Exit Line & Stop Loss Exit Line.

After entry into each new trade, this strategy draws a trendline at the “Real” entry price on your trading chart. It also draws an adjustable Profit Limit exit trendline, and a adjustable Stop Loss exit trendline. The trader manages the trade by moving the adjustable Profit Trendline and adjustable Stop Loss Trendline at any time during the trade.

This strategy uses the entry price, profit trendline, and stop loss trendline to calculate the live Reward-Risk Ratio and display it on the trading chart. Move one of the adjustable trendlines and the Reward-Risk Ratio is re-calculated and displayed. See examples in picture #3 and #4.

Professional Traders manage risk first and foremost, risk management is a Traders most important job. This makes good Reward-Risk Ratio trade management very simple.

Why Reward-Risk Ratio trade management is so vital is best said by Perry J. Kaufman, “A trading system alone will not assure success without proper risk control, beginning with individual trades… Every trading style has losing streaks that will ruin an investor who begins trading at the wrong time without adequate capital; therefore the size of the position, the markets to trade, and when to increase or decrease leverage become important for financial survival.”

This is a TradeStation Add-On Strategy and works on any intraday chart, time frame, and symbol, plus it works correctly alongside ANY existing automated strategy you already use. This strategy requires [IntraBarOrderGeneration=True] to work correctly, this means TradeStation will not allow multiple data streams to be placed on the same chart as this strategy.

https://www.customizedtrading.com/TradeStation_Add_Ons/Visual_Chart_Trading

In trading, it is important to develop a strategy that will give you an idea which direction the market is heading. One of the simplest yet effective ways to check the direction of the market is to use trend line. Basically, trend line shows the direction of the market by connecting two points of previous reaction high or connecting two points of previous reaction low. Trend lines are drawn on a chart to determine directions. Once the direction is drawn the trend can be determine.

The trend line can be drawn on many different time frames. Trend lines can be drawn on a monthly, weekly, daily, intraday chart or tick chart. Trend line will help trader know when to enter the market or when to exit the market. There are many different types of trend line. When a trend line is connected from the top of two previous reactions high and connected with two previous reaction low, it has established a channel. The channel can be an uptrend channel or a downtrend channel. Channel is also known as continuation pattern.

If a trader decides to go long on an uptrend he would buy at the bottom of the trend line and if the trader decides to short he would buy at the top of the trend line. This is also known as support and resistance trading. Traders believe that trend line give the market some type of continuation to go upward or downward. The probability of the trend line succeeding depends if it can continue on the trend. Sometime a trend may exhaust and reverse. This happens when the trend line break and the trend can no longer continue.

Trading a trend line break can give trader the signal of a trend reversal. Trend line break normally is a stop of a continuation and exhaustion. For example, if an uptrend line break, it is an exhaustion of buying and sellers are looking to exit to market to capture profit and if a bottom trend line break it is an exhaustion of sellers and buyers are looking to step back into the market. Trading is type of strategy has a high probability as many professional are looking at these trend line support and resistance.

In technical analysis trading, traders expect that a trend line will continue. Sometimes the continuation can last for a few hours in an intraday chart or months on a daily chart. Trend line is one of the price actions that is widely followed by the general population of traders. Trading trend line gives traders a useful insight and expectation of price action. Price action should be use in conjunction with trend line and together can increase the odds of success. Trading trend line is one of the strategies of many different strategies. Whatever the strategy are, trade at your own risk and use careful judgment when trading.