Precise Entries
Additional buttons in chart trader for stop order entries
- - Take profit and stop loss bracket orders
- - Stop market and stop limit options for entries
- - Automatic contract size calculation based on specified risk per trade
- - Protection against taking trades that are over specified risk and trades that would have too high commission costs
- - Wide stop button for increasing distance to protective stop loss order. For example, if the usual stop loss is 20 ticks, wide stop is 40 ticks.
- - Double size button for increasing risk per trade.
Precise Entries Pro
Everything from Precise Entries with the addition of:
- - Limit order entry buttons
- - Automatic journaling of trades to a csv file. Some of the options include initial risk multiple and actual risk multiple.
- - Automatic screenshots of entry and exit for every trade.
AioBpa
This indicator is meant for anyone who is learning or already trading Brooks Price Action methodology. It contains all of the most important features:
- - Main 20 ema as well as 15 minute and 60 minute 20 period ema's
- - Bar count with highlighted hourly close bars and bars 18 (90% chance of seen high or low of the day) and 40 (midday reversal)
- - Open of the day, high, low and close of yesterday
- - Big round numbers
- - Current and last week levels
- - Current and last month levels
- - Breakout mode patterns
- - Microgaps
- - Gaps between swing points
- - Body Gaps
- - Info panel containing useful information, average daily range, average bar size, swing profit and stop loss based on formula from the Dr. Brooks book.
- - Gap size in absolute and relative units
- - Size of the previous closed bar in points
- - Size of the developing bar in points
AlwaysIn
Always in is an indicator based on Brooks Price Action principles of who is making money with stop orders. It is a very useful tool in strong trends, if followed, it prevents traders from exiting too early and missing the rest of the move.
Breakout Mode Patterns
This indicator detects three kinds of price action patterns:
ii - consecutive inside bars ( high and low inside of the previous bar), triangle on a lower timeframe
oo - consecutive outside bars ( high above the high of the previous bar and the low below the low of the previous bar), expanding triangle on a lower timeframe
ioi - inside outside inside, diamond pattern on a lower timeframe
Traders that trade these patterns are entering on breakouts above/below .When they appear in a trending market, they are good setups for both continuation and reversal swing trades. When they appear in ranging market, they are not nearly as powerful since most breakouts fail in this context. To achieve the highest probability, it is best to trade in the direction of the trend on the last bar in the pattern with a stop loss on the other side and going for a reward that is at least twice the risk.