Tradovate Stop Loss And Take Profit

... bounces back into profit. This forces traders to utilize tight, calculated stop losses rather than..., high-frequency scalpers should take note. My Verdict: For this case study, I ultimately leaned toward Tradovate. The ability to... respect the drawdown and loss limits, Tradeify offers a bit more freedom in how you achieve the profit target. 2. Drawdown Mechanics...

...scalpers. If you don't take profits quickly on Apex, you .... Payouts and the Profit Split Comparison Why do we ... two firms. Prop Firm Profit Split Comparison 2024 FTMO Profit Split: FTMO starts traders ...consistency rule limiting your profit days on the funded level)....primarily uses Rithmic or Tradovate data feeds, connecting to platforms ...perfectly aligns with your stop loss and the FTMO risk management ...

Just started my trading journey and currently doing paper in Tradovate. I have it set up so when I enter, I have a take profit for 2x and a stop loss for 1x. I posted my strat somewhere and a fellow redditor said he doesn't, and I shouldn't, use automated exits. As it shows up in the DOM and industrial l traders will see that and blow through a stop loss and then reverse course. They said they enter, stay for about 10 minutes or so, and manually exit. Anyone else have conviction about using, or not using, automated exits? submitted by /u/LaughingIntoTheAbyss to r/Daytrading [link] [comments]

https://preview.redd.it/4yg2yj0r4wsg1.jpg?width=5648&format=pjpg&auto=webp&s=67901415a6113048cce9a4030f8d8c60f767eac9 https://preview.redd.it/jfcvak0r4wsg1.jpg?width=5704&format=pjpg&auto=webp&s=70dc87a7d24042e4faaf2a0079a2cfcc3f011784 https://preview.redd.it/mnm67k0r4wsg1.jpg?width=4032&format=pjpg&auto=webp&s=44b66cc3cc64fdc173837d4493609099d24783c0 https://preview.redd.it/b9hs7l0r4wsg1.png?width=1920&format=png&auto=webp&s=b4b9c47be5faabc2f83d5e8eb1b88f655b0f838e I built a fully automated Opening Range Breakout strategy for futures trading — here's how it works Hey everyone, I wanted to share a strategy I've been developing and refining for a while now that I use for futures trading on TradingView. It's called the Xiznit Universal ORB and it's built around the Opening Range Breakout concept with a lot of added flexibility and automation built in. I'll break down how it works so anyone can understand it regardless of experience level. What is an Opening Range Breakout? The basic idea behind an ORB strategy is simple. At the start of a trading session, price tends to consolidate within a range as the market figures out direction. Once price breaks out of that range — either above the high or below the low — it often continues in that direction with momentum. The strategy watches for that breakout and enters a trade in the direction of the move. What makes this strategy different from a basic ORB is the level of customization and the built-in trade management that handles everything automatically once you're in a trade. You Define Your Own ORB Range and Trigger Bar This is one of the features I'm most proud of. Most ORB strategies lock you into a fixed timeframe for the opening range — usually the first 15 or 30 minutes of a session. This strategy lets you define exactly how long the opening range should be using any timeframe you want. You set the ORB Range Timeframe and the strategy will track the high and low of price during that window, then lock them in as your range once the time is up. So if you want a 10-minute opening range, set it to 10. If you prefer a 30-minute range, set it to 30. Completely up to you. On top of that, you also define your own Trigger Bar Timeframe. The trigger bar is the candle that actually confirms the breakout. For example you might use a 10-minute ORB range to establish the zone but want a 3-minute candle to confirm the breakout before entering. This separation between the range timeframe and the trigger timeframe gives you a huge amount of control over how sensitive or conservative the entry is. Faster trigger bars mean earlier entries, slower trigger bars mean more confirmation before getting in. Three Sessions, Full Control The strategy supports three separate trading sessions — Asian, London, and New York — and you can enable or disable any of them independently. Each session gets its own ORB range calculated fresh when that session opens. You also set the session times yourself in HHMM format so you can adjust them to your timezone and your preferred trading hours. There's even a built-in timezone selector so the session detection works correctly no matter where you are in the world. Three Entry Modes Once the ORB range is locked and a breakout is detected on your trigger bar, the strategy has three different ways it can enter a trade: Classic Breakout — The most straightforward mode. When the trigger bar closes above the ORB high, go long. When it closes below the ORB low, go short. You can optionally require the breakout candle body to be a minimum percentage of the ORB range to filter out weak moves. Pullback After Breakout — Instead of entering right at the breakout, this mode waits for price to break out and then pull back to a zone before entering. You choose the pullback target — ORB midpoint, a Fibonacci level, a fixed number of ticks from the broken level, VWAP, a Fair Value Gap, or an Order Block. This is great for avoiding chasing entries and getting a better risk/reward on the trade. MA + VWAP Confirmation — This mode adds a trend filter on top of the breakout. The entry only triggers if price is also above the fast moving average and VWAP for longs, or below them for shorts. You can combine this with a slope filter to make sure the moving average is actually trending in your direction before entering. Automatic Trade Management — Set It and Forget It This is where the strategy really shines for people who want to automate their trading. Once you're in a trade, everything is handled automatically. You set three take profit levels — TP1, TP2, and TP3 — each with its own R:R ratio and its own number of contracts to exit. So for example you might take 2 contracts off at TP1, 2 more at TP2, and let 1 run as a runner to TP3. You decide the split however you want. The stop loss management is equally flexible. You can use the opposite side of the ORB as your stop, the ORB midpoint, or a custom number of ticks. After TP1 is hit the strategy can automatically move the stop to breakeven plus a buffer so the trade becomes risk-free. After TP2 is hit it can move the stop up to the TP1 level to protect the runner. There's also an option to move the stop to breakeven once price has traveled a certain percentage of the way toward TP1, and an ATR-based trailing stop that kicks in after TP2 for those who prefer a dynamic exit on the runner. If price hits TP2 and then retraces back down to TP1, the runner automatically closes at TP1 to lock in profits rather than letting the trade turn into a loser. Built-In Risk Controls The strategy has several layers of protection built in for prop firm traders and anyone managing drawdown carefully: Daily dollar loss limit — Once your account is down a set dollar amount for the day, the strategy stops taking new trades for the rest of that session EOD Flatten — At a time you define, all open positions are automatically closed so you're never holding overnight unless you want to Weekend Gap Protection — Automatically flattens the position on Friday afternoon to avoid getting caught in weekend gaps One Trade Per Session — Forces the strategy to take only one trade per session window, blocking re-entries and opposite direction trades if you prefer a strict one-and-done approach Allow One Opposite Reversal — If the first trade gets stopped out, the strategy can optionally take one trade in the opposite direction if price breaks the other side of the ORB Entry Filters On top of the entry modes there are several optional filters you can stack to improve trade quality: Volatility Filter — Only enters if ATR is within a normal range, avoiding choppy low-volatility conditions and extreme spike conditions Volume Confirmation — Requires a volume spike above average to confirm the breakout has real participation behind it RSI Filter — Only allows longs above a threshold and shorts below a threshold VWAP Slope Filter — Only allows longs when VWAP is sloping upward and shorts when it's sloping downward Inside Bar Filter — Skips breakout entries on inside bars since those tend to produce false breakouts Higher Timeframe Alignment — Only takes trades in the direction of the higher timeframe trend using a 50 EMA on a timeframe you define Ghost Webhook Automation The strategy is built to work with Ghost by QuantCrawler for full automation. When an alert fires it sends a complete JSON payload including entry price, quantity, stop loss, and all three TP levels with their quantities. When the stop loss moves the strategy fires a separate SL update alert so Ghost can modify the live order at the broker. This means once your alerts are configured the entire trade lifecycle — entry, partial exits, stop moves, and final close — executes automatically without you touching anything. Who Is This For? This strategy works well for futures traders on instruments like MNQ, MGC, SIL, NQ, ES, and similar markets. It's designed with prop firm compliance in mind so the daily loss limit and EOD flatten features are there to keep you within drawdown rules. Whether you want to sit at your desk and trade it manually or set it up to run fully automated through Ghost, the strategy handles both use cases. If you have questions about setup or want to know more about any of the features drop them in the comments. submitted by /u/Xiznit to r/tradingmillionaires [link] [comments]

So I've been working on a Fair Value Gap scalp strategy on MES futures running on a 1-minute chart at the 9:30 AM opening range. The logic is pretty simple — wait for a Fair Value Gap breakout, retest, engulfing candle confirmation, then entry. Stop loss around 9.25 points, take profit around 18 points. Fully automated through TradingView → TradersPost → Tradovate. Here are the verified 1-year stats (Mar 2025 to Mar 2026, 12 contracts): 171 trades, 52.63% win rate, Profit factor 1.704, Max drawdown $2,985 (14.65%), Net P&L ~$28,140 in 12 months, ~$2,345/month average, ~14 trades per month (not every day — only fires when setup is valid), 3-year backtest: 488 trades, 52.25% WR, Profit Factor 1.534, Sharpe ratio 2.14. The equity curve goes up and to the right pretty cleanly. Max drawdown is small relative to returns. Here's where I might be losing my mind: If this holds up on funded accounts, running 5 LucidDirect 150K accounts at 12 contracts each (fully automated, same strategy), the math says I could pull roughly $92,000 net over the lifetime of those accounts before they transition to live. Total cost to set up: $2,940. Someone also told me I should take out a $10K personal loan, put $2,940 into the 5 funded accounts and run the live account with the rest. On paper that's $120,000+ potential on a $10K loan. I know this sounds insane. That's why I'm posting. Here's what's worrying me: Is a 3-year backtest on 1-minute MES data actually meaningful or am I just curve fitting to one bull market? The strategy only has MES data going back to March 2023. Is that enough? Funded accounts are simulated .Lucid could theoretically change rules, deny payouts, or shut down. They're a relatively new firm (2025). Automation risk .One bad day with a broken stop loss and a funded account is gone permanently (Direct accounts have no reset). Past performance obviously doesn't guarantee future results. Has anyone run anything similar on prop firm accounts? Am I missing something obvious? What would you do to stress test this further before putting real money in? Not financial advice obviously. Just trying to get a gut check from people who know what they're looking at before I do something I can't undo.Not selling anything just looking for advice among peers. submitted by /u/Global_Box_156 to r/algorithmictrading [link] [comments]

A lot of people keep asking how to add Stop Loss and Take Profit directly on TradingView when using Tradovate. Short answer: you’re not missing anything. The limitation is real. Right now, the workflow is broken: • market orders don’t consistently allow TP/SL attachment • modifying after entry takes time • dragging levels is slow and error-prone • multi-account trading makes it worse This becomes a serious issue if you’re trading fast instruments like MNQ or NQ. You end up doing this: • enter trade • scramble to add stop • hope price doesn’t move too fast That’s not a strategy. That’s exposure. What actually works better is flipping the workflow: Before entering, define: • stop size (example: 10 points) • target size (example: 20 points) • number of accounts Then execution becomes: • click once • position opens • stop and target are already attached • applied across all accounts instantly No delay. No fixing after. This is especially important if you: • scalp • trade multiple prop accounts • use market orders • trade NQ / MNQ I ran into this exact problem and ended up building my own trading desk (Proteryx) around it. Main difference: • bracket orders are attached at execution • copy trading across accounts is native • risk is consistent everywhere • no dependency on TradingView limitations Also worth mentioning: After trying to automate NQ for a while, I’ve found it one of the hardest instruments to get consistent results with. Too fast. Too reactive. Too many stop cascades. So I’m curious: • what are you guys trading mostly? MNQ, NQ, MES, ES? • are you entering with market or limit? • and are you attaching stops BEFORE or AFTER entry? Because that one detail alone is the difference between controlled risk and chaos. submitted by /u/New-Shine-6836 to r/FuturesCopyTrading [link] [comments]

https://preview.redd.it/r6ed24qgonmg1.png?width=896&format=png&auto=webp&s=f630565bd7197a8948b47a34bcf44b80ec472c36 I saw this post and there were no real answers to this, asking if there is any way to show the value of your stop loss or take profit submitted by /u/Fun-Razzmatazz6457 to r/Tradovate [link] [comments]

submitted by /u/mvea to r/science [link] [comments]