Alpha Trader v3.0

Alpha Trader is a trend following strategy which identifies good time to take profit and allow trader to ride the trend with multiple re-entry points.

Features

• Entry and Exit signals
  
  
• Multiple Re-Entry points
  
  
• Built in Risk Management
  
  
• Position sizing for every entry
  
  
• Alerts with Stop Loss and Position size
  

Strategy has built-in risk management with dynamic trailing Stop Loss and Position sizing. You just need to specify what percentage of your capital you are willing to risk on new position and re-entries.
Strategy will evaluate the maximum position you should take for specific signal.
Position and stop Loss levels are visible on alerts and when you hover over the markers on your chart.

You can set alerts for below scenarios. Alerts contain stop loss and Max position advised on a specific trade entry.

1.New Long Entry
2.New Short Entry
3.Long Re-Entry
4.Short Re-Entry
5.Long Take Profit
6.Short Take Profit

Usage

• You can enter into a new position with New Long Entry/New Short Entry. Position size and Stop loss are visible on alert and signal marker on the chart. Please set your alerts on bar close.
  
  
• You can take profit on Long take profit/ Short take profit signal.You can chose to close any % of your position.
  
  
• You can re-enter into a position and increase your existing position on Long Re-Entry/Short Re-Entry signal. Position size and New stop loss levels are indicated on alerts or when you hover over the signal marker.
  
  
• Position size can be greater than 100% with leverage. For e.g. if strategy suggest 200% as position size, you can take this position with 5x leverage and 40% of your capital. But, downside risk for every entry would be limited to your preferences.
  
  
• This strategy works best on 4 hour and Daily time frames.
  

For Access: Contact me on TradingView.