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!

http://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.

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