LogoLogo
Access IndicatorsJoin Our DiscordBecome an AffiliateAccess Account
  • ๐ŸŒŽE5 Trading Indicator Suite Guide
  • Overview
    • ๐Ÿ’ชWhy E5 Trading
    • ๐Ÿ›’Pricing & Refund Policy
    • ๐Ÿ—ž๏ธManaging Subscriptions
    • โ“FAQs
    • ๐Ÿš€About Us
    • โš ๏ธDisclaimer
    • ๐ŸŒE5 Trading Website
    • ๐Ÿ—ฃ๏ธE5 Trading Discord
    • ๐Ÿ“ˆTradingView Profile
  • TradingView Setup
    • โš™๏ธNew Account Setup
    • ๐Ÿ–ฅ๏ธInternet Browsers
    • โ€ผ๏ธCandle Colors
    • ๐ŸŽจAppearance Settings
    • ๐ŸŒ—Light & Dark Modes
    • โคต๏ธIndicator Access
    • ๐Ÿ”„Indicator Updates
    • ๐Ÿ“ŠChart Layout
  • E5 TRADING INDICATORS
    • โœ…E5 Trading Confluence
    • ๐Ÿ“•Setups & Trends
      • ๐Ÿ“–Setups & Trends Settings
      • ๐Ÿ“–Trend Reversal [R] Signals
      • ๐Ÿ“–Trade Setups
      • ๐Ÿ“–Price Strength Signals
      • ๐Ÿ“–Stop-Loss | Take-Profit Guardrails
      • ๐Ÿ“–Real-Time Divergences Confluence
      • ๐Ÿ“–Local Support | Resistance
      • ๐Ÿ“–Anchored Volume-Weighted Average Price [AVWAP]
    • ๐Ÿ“™Squeezes & Breakouts
      • ๐Ÿ“–Squeezes & Breakouts Settings
      • ๐Ÿ“–Volatility Zones & Squeeze Bands
      • ๐Ÿ“–Squeeze Early Entry & Breakouts
      • ๐Ÿ“–Squeeze Breakout Reversals
    • ๐Ÿ“’Advanced RSI
      • ๐Ÿ“–Advanced RSI Settings
      • ๐Ÿ“–Relative Strength Index
      • ๐Ÿ“–RSI Moving Averages
      • ๐Ÿ“–Relative Oversold | Overbought
      • ๐Ÿ“–Advanced RSI Divergences
    • ๐Ÿ“—Relative Volume
      • ๐Ÿ“–Relative Volume Settings
      • ๐Ÿ“–Bull | Bear Relative Volume [%]
      • ๐Ÿ“–Relative Volume Thresholds [%]
      • ๐Ÿ“–Volume Power Bars
    • ๐Ÿ””Setting Trade Alerts
      • ๐Ÿ””Set Alerts
      • ๐Ÿ”•Squeeze Filter Alerts
      • ๐Ÿ”ŽManage Alerts
  • Discord Setup
    • ๐Ÿ–ฅ๏ธDiscord Account Setup
    • ๐Ÿ‘‘Discord VIP Benefits
    • ๐ŸšฆDiscord Trade Signals
  • ๐Ÿ’ฌSocial Media Links
    • ๐Ÿ”—Bio Site
    • ๐Ÿ”—TradingView
    • ๐Ÿ”—Discord
    • ๐Ÿ”—Twitter
    • ๐Ÿ”—YouTube
    • ๐Ÿ”—TikTok
Powered by GitBook
LogoLogo

Access Indicators

  • E5 Trading Website

Join Our Discord

  • E5 Trading Discord

Become an Affiliate

  • Affiliates Program

Access Account

  • Customer Portal

Copyright E5 Trading LLC, 2023

On this page

Was this helpful?

Export as PDF
  1. E5 TRADING INDICATORS
  2. Setups & Trends

Stop-Loss | Take-Profit Guardrails

A powerful tool for managing risk, profit-taking, and emotions

PreviousPrice Strength SignalsNextReal-Time Divergences Confluence

Last updated 2 years ago

Was this helpful?

Overview

  • Dynamic Stop-Loss [SL] | Take-Profit [TP] Guardrails are a must-have feature for traders of all experience levels, including algo-traders.

  • This feature helps traders to effectively time trade entries/exits, automate the calculation of stop-loss | take-profit levels, and stay in trades while price action remains inside its calculated normal volatility range.

  • Due to its dynamic real-time update capability and utility as a trailing stop-loss | take-profit automation tool, this feature can be a powerful addition to both manual and algorithm [i.e., bot-based] trading systems.

  • Toggle [SL | TP Guardrails] to view dynamic stop-loss | take-profit levels based on user-defined Length and Multiple settings. Length: number of periods considered in creating the Stop-Loss | Take-Profit distance. Multiple: a multiplier of the Average True Range [ATR] to adjust the Stop-Loss | Take-Profit distance from price values.

  • Define the Length [default: 14] and Multiple [default: 1.5] to establish the desired dynamic stop-loss | take-profit parameters.

  • Use the color selector boxes to change the Stop-Loss and Take-Profit guardrail colors.

  • A simple example trading technique using this feature is to go long when the guardrail transitions from above price action [i.e., resistance] to below price action [i.e., support]. Vice versa for short trades.

Traders monitoring a manual trade can move their stop-loss | take-profit level based on the calculated bull or bear guardrail.

Example 1: Dynamic Stop-Loss | Take-Profit Guardrails

Traders using a 3rd-party bot-trading platform [e.g., 3Commas, Cryptohopper] can set up a webhook within a TradingView alert to automate their trade based on price action crossing the dynamic stop-loss | take-profit threshold.

๐Ÿ“•
๐Ÿ“–
Menu: Dynamic Stop-Loss [SL] | Take-Profit [TP] Guardrails
click image to enlarge
TradingView: Dynamic Stop-Loss | Take-Profit Guardrails;