Trading Tools » Trade Plan Templates

Trade Plan Templates are designed to emulate a particular type of trade management. Each Trade Plan template has its own configuration for managing the trade. When you select a template, VisualTrader loads the template settings. Once a Trade Plan template is applied to a security, the Trade Plan is no longer associated with the original template. This means that  any changes you make in the Trade Plan will not be made in the template and vice versa.  The following Trade Plan templates are provided:

• Default—Uses a simple Fixed Loss Stop (2 ATR’s) and a Trailing Profit Stop (1.5  ATR’s) to manage a trade.
• Eighth’s Stop—Uses a Fixed Loss Stop (3 ATR’s) as a protective stop and an Eighth’s Tool Stop (1.5 ATR’s) as a profit stop.
• Eighth’s Stop-Partial Exit—Uses a Fixed Loss Stop (3 ATR’s) as a protective stop and exits half the trade once price hits a Fixed Profit Stop (1.5 ATR’s). This Trade Plan manages the remaining half of the trade with a 1.5 ATR Eighth’s Stop.
• Long Term Trending—Uses a Fixed Loss Stop (3 ATR’s) as a protective stop and a Trailing Profit Stop (Threshold = 4 ATR’s, Cushion = 3 ATR’s) as a profit stop. It will also activate a Break Even Stop (1.5 ATR’s) once price exceeds 2 ATR’s to the gain side.
• Medium Term Trending—Uses a Fixed Loss Stop of 3 ATR’s as a protective stop and a Trailing Profit Stop (Threshold = 3 ATR’s, Cushion = 2 ATR’s) as a profit stop.
• Partial Exit—Uses a Fixed Loss Stop (2 ATR’s) as a protective stop, and it will exit 50% of the initial position if price hits a Fixed Profit Stop of 2 ATR’s. The remainder of the trade is managed with a Trailing Profit Stop (Threshold = 2 ATR’s, Cushion = 2 ATR’s).
• Short Term Trending—Uses a Fixed Loss Stop (2 ATR’s) as a protective stop, and a Trailing Profit Stop (Threshold = 2 ATR’s, Cushion = 1.5 ATR’s) as a profit stop.

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