Trade Re-Entry Optimization Smart Assists

The option for time and price tolerance are great and important when it comes to accound safety against bad order execution.

In the next step there should be a option to validate the re entry automatically, but not only by price or time. Because this parameters do not cover how the trade was developing before hitting entry area again.

So in my oppinion this option looks like this:
Sagemaster monitors also missed trades as if they were executed with the preset. As long as the trades individuell preset didnt hit any conditions that would change something in trademanagement - the trade remain valide once the entry area is hit again.

For example:
Preset 30 Pips SL and BE after 40 Pips.

TP1 —> 60 Pips

First i dont know if price and time tolerance only works in profit direction for the trade. So if we enter to much distance from the entry to stop execution but in draw down direction this would mean a better entry and should be executed. But maybe this is implemented already - didn´t check in detail.

But to come to the idea of trade validation:

—> Trade wasn´t executed because of price tolerance.

—> Price moves in profit direction for 30 Pips in Maximum.

—> Price comes back to entry area

Validation check:
No trade management relevant action would happened with executed trade no TP hit and also no BE move. So trade will be executed.

Example 2:

—> Trade runs 70 Pips into Profit

—> TP triggered and SL to BE

—> Market comes back to entry —> no execution.

Hope this helps you to understand my idea. This would increase provider usage with great results by remaining secured from bad order execution.

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Upvoters
Status

Added to Backlog

Board
💡

Feature Request

Tags

High Priority

Date

3 months ago

Author

Fabian Glatthaar

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