TRADE PANEL FOR STRATEGY TESTER
Trade Panel Overview for Strategy Tester:
This trade panel is designed specifically for use within a strategy tester environment, providing a comprehensive set of functionalities tailored for backtesting purposes in a risk-free setting.
Buy/Sell Section:
- Buy Stop: Places a buy order above the current market price.
- Buy: Opens an immediate buy position.
- Buy Limit: Sets a buy order below the current market price.
- Sell Limit: Sets a sell order above the current market price.
- Sell: Opens an immediate sell position.
- Sell Stop: Places a sell order below the current market price.
Trade Parameters:
- Take Profit (TP): Defines the Take Profit level for positions.
- Stop Loss (SL): Sets the Stop Loss level for risk management.
Trade Management:
- Protect profit:enables breakeven functionality by adjusting the stop-loss level to the entry price after the trade has moved in profit, protecting against potential losses.
- Trailing stop: enables trailing stop functionality to modify stops automatically in the trader's favor as the trade profits, aiming to secure gains if the market reverses while allowing potential further upside.
- Longs: Manages/closes all active buy positions.
- Close All: Quickly closes all open positions.
- Shorts: Manages/closes all active sell positions.
- Delete All Pending Orders: Cancels all pending orders before execution.
This panel enables traders to simulate market conditions and strategies within a controlled, risk-free environment ideal for backtesting strategies. It offers essential tools to execute trades instantly, place pending orders, set profit and loss targets, and manage active positions efficiently. The interface is designed to be user-friendly, facilitating effective strategy evaluation and refinement without exposure to real financial risk.