TradeMaster Signals

2023년 7월 24일

Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. To address this, we present a powerful indicator package designed to assist traders on their journey to success.

The TradeMaster indicator package encompasses a variety of trading strategies, including the SMC (Supply, Demand, and Price Action) approach, along with many other techniques. By leveraging concepts such as price action trading, support and resistance analysis, supply and demand dynamics, these indicators can empower traders to analyze entry and exit positions with precision. Unlike other forms of technical analysis that produce values or plots based on historical price data, Price Action brings you the facts straight from the source - the current price movements.

The indicator package consists of three powerful indicators that can be used individually or together to maximize trading effectiveness.


⭐About the Signals Indicator

This indicator offers a unique opportunity for traders to design their own personalized trading strategy. It has a built-in backtesting system, which allows you to thoroughly analyze the performance of your strategy before implementing it in live trading. With the ability to customize and test your strategy using historical data, the Signals indicator empowers you to make data-driven decisions and refine your trading approach.

👉How does it work?

The Signals indicator provides users with the ability to select trigger conditions and further narrow them down using confirmations.

• Conditions are quantitative factors that influence the generation of signals on the chart and in the backtest table. You can enable multiple conditions to create a comprehensive set of criteria for signal generation.
  
• Confirmations, on the other hand, are qualitative factors that selectively filter out conditions based on their alignment with the chosen confirmations. This helps refine the signals and provide more targeted trading opportunities. Multiple confirmations can be enabled to further enhance the precision of the signals.
  

A well-balanced strategy in the Signals indicator involves carefully selecting a combination of conditions and confirmations to generate accurate trading signals. Finding the right balance between them is crucial for consistent and profitable trading.

To offer even more flexibility, the Signals indicator includes two powerful main functions:

• Target Placement System: This feature allows you to set up to 6 targets with a stop loss level and partial exit percentages. You can choose between automatic target creation or manual customization, giving you control over your profit targets.
  
• Exit Strategy: With this feature, you can define your preferred trailing stop strategy, allowing you to implement a systematic approach to exiting trades. By setting appropriate trailing stop levels, you can limit potential losses, while the system secures profits by automatically closing positions partially when certain price targets are reached. This may help you to maintain discipline in your trading and optimize your risk-reward ratio.
  

With over 30 unique conditions, 10 confirmations, and the deep Target Placement and Exit Strategy systems, the Signals indicator offers a vast array of possibilities. In fact, there are potentially millions of different strategy outputs available for each ticker. Despite its complexity, the script remains lightweight and fast, ensuring smooth performance.

The Signals Backtest table provides a comprehensive overview of your strategy's performance. You can track your current position with all the necessary details, allowing you to monitor your trades effectively and make informed decisions based on the backtest results.


⚠️WARNING!

Backtest results do not guarantee future performance. Strategies tested on synthetic data may not accurately represent real-world results. Testing should be conducted on charts that reflect actual closing prices.

The indicator displays buy/sell signals intended to support traders' analysis. There are numerous possibilities and combinations available to create your own unique strategies, whether trading with or against the trend or capturing oversold bounces. These are just a few of the many options! Our indicator can easily be tailored to fit your trading strategy.

The settings that influence the signal-generating algorithm play a crucial role in effectively utilizing the signals. We provide users with the flexibility to modify the settings to align with their trading style, while also offering simple adjustment methods using various techniques.

Each method for modifying the signal settings has been designed to meet specific user needs. It is important to understand that one method is not necessarily more accurate than another.

It is essential to understand that signal indications generally serve as trend confirmations, rather than direct entry and exit points. Focusing on the easy use of signal settings and utilizing other functionalities in our toolkit will likely be a better decision than attempting to find the "holy grail" of optimized signal settings and solely relying on following the signals.




⭐ Conclusion

We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.

🛑Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.

2023년 8월 5일

릴리즈 노트

v2.0.5 - build 481

Divergence

• Improved divergence detection.
  
• Added 8 additional basic divergences.
  
• Condition/Confirmation and Divergence indicator settings are separated to prevent confusion.
  
• Structural and level-based conditions are merged to simplify settings.
  
• Numbers in indicator names were relocated to the beginning of the string (e.g. Imported 1 -> 1. Imported)
  

2023년 8월 17일

릴리즈 노트

v2.0.6
**Optimizations and tweaks** mainly in Structure, Divergences, MTF-MA.

2024년 1월 14일

릴리즈 노트

Tiny adjustment that affects only custom indicator condition and confirmation settings, exclusively when Price (close) is selected for parameter.

2024년 1월 28일

릴리즈 노트

v2.0.7
- Even more Alert customization options
- Runtime optimization, noticeable performance gain

2024년 1월 28일

릴리즈 노트

hotfix for v2.0.7