Obsidian TradeGuard

Description

Key Features of Obsidian TradeGuard:

◈ Reconnect if Data is Lost: In case of data disconnection, the indicator automatically attempts to reconnect to your preferred connection, ensuring continuous monitoring and uninterrupted trading.

◈ Persistence: All button states, settings, and configurations are saved and retained even after restarting the platform, providing uninterrupted workflow continuity.

◈ Custom Settings for Each Trading Time: Define risk parameters for up to three different trading times, allowing for flexible strategies based on time-specific market conditions.

◈ News Filter Integration: Filter trades based on high, medium, or low-impact news events for U.S. or international markets. The News Filter helps you avoid risky trades during major announcements, with a real-time, color-coded display of upcoming events. It automatically flattens positions a set number of minutes before an event and disables new positions for a set period after, minimizing risk exposure.

◈ Risk Management Parameters: Implement comprehensive risk controls by setting specific parameters for each account, instrument, trade, and trading time. Define static profit/loss limits and highest unrealized trailing drawdown limits to optimize risk management. Risk limits can be configured to execute using Market orders or Limit orders across various order types, such as StopMarket, StopLimit, MarketIfTouched, and Limit. Limit orders come with a backup feature that automatically submits a Market order if the Limit order is canceled or rejected, ensuring seamless risk management.

◈ SuperTrend-Based Stop Loss: Attach your stop loss to a SuperTrend plot, allowing for dynamic stop loss levels that follow the trend and provide superior protection in volatile markets.

◈ Flatten Instrument/Flatten Account/Flatten All Accounts: Instantly flatten your open positions for a single instrument, a single account, or across all accounts with a single click, providing rapid liquidation during volatile market conditions.

◈ Enhanced PnL and Account Display: Track real-time account metrics including Net Liquidation Value, Total Account Gain, Realized/Unrealized PnL, and Unrealized Trailing Drawdown to maintain a clear and accurate view of your trading performance.

◈ Chart Trader and Context Menu Integration: When specific limits or news event triggers are activated, the entry buttons on Chart Trader and associated context menu options are automatically disabled, preventing accidental entries and helping to adhere to your predefined risk strategy.

◈ User-Friendly Interface with Tooltips: All options and settings come with helpful tooltips, making it easy to understand and configure your trading strategies, providing a smooth experience even for those new to advanced trading risk management.

Obsidian TradeGuard offers robust tools to protect and manage your manual trading sessions, ensuring your strategies are executed precisely according to your risk preferences and eliminating unnecessary exposure. Whether you’re safeguarding your trades during major news events or utilizing dynamic stop losses, TradeGuard empowers you to trade confidently and securely.