In order to start using trading plans, and check if your ideas actually work,
let's do it step by step:

1. Create a trading  plan with a basic idea.

Go to "Trading Plans" section and choose "+ Create trading plan"

the window will appear:

First you have to give a name to your plan.

Since you will be able to have multiple plans and you will be able to compare the performance and difficulty level of the plans, I would call it by the name of the main indicator or approach that your idea is based on.

For example Price Action, "Three Consecutive",

Then you have to choose the symbol that you are going to examine, for example if you would like to trade Etherium, then you can write eth.

At the moment, we are working on the feature, to allow you to choose from the drop-down menu, therefore the feature is not available but coming.

and general plan is only if you are not going to use our advanced part of the tool, so I would not recommend starting without it

Then you have to choose your default stop loss and take profit. let's say 100 $ the profit and 50$ for the stop loss.
Even if you are not planning to use them, what I strongly do not recommend, please do it, and get this habit to think about your security and safety of your funds since the very very beginning.

And now you have to create a fields where you are going to describe your strategy.
Basically you have to fill in the conditional fields, here I won't explain much more, but with the sample of a trading idea, my guess is that you will understand straight away how to do it, and how to use it in the future.

Let me create a strategy on the go, and let's create a fields that we are going to use for this strategy.

As the name of our strategy suggests, of course I've planned it in the future, but anyway, let's assume, I'm creating it on the go.

so we have an option to write a field for each situation, or combine them and write a - two sided rules,
As an example, if you want to write a rule for each situation, then something like this:

then we add a MACD rule:

so we have entered the rules for the long entry.

Then you can add the rules for a short entry using the same approach. (while writing this blog, I've decided to create a separate rule sections for buy and for sell, so it's coming)

Or if you want to create a general rules (non specific in terms of buy/sell).

Example:

Now we have added fields, and I have not saved it yet, since here is one more thing, that I want to tell you about.

as you can see on the right we have activated/deactivated drop-down, inline with the field that's been created.
This value you can change during the plan usage, but only those fields that's been activated, we will be able to choose and to mark them as triggered during the plan usage.

so let's mark a two sided rules as activated.

and press to save our first plan.

so now in order to see the plan, we have to press on top of the page, and choose your plan from the list:



and to simply view it, you can press button.
but if you want to start testing it, you have to press the button.

In the next blog series I will explain how to use them, but you can always try by yourself, this is not a real trading, this is an idea testing mechanism, that we have created for you to use and test.

If you think that something must be added, please go to at the top of the page, and write an email to:

 

I really hope that you've enjoyed my reading and please contact us if you have any questions.

Best regards,
Arturs