Trade Wizards - Overview

By now we are all familiar with the concepts and niche skills required to be a successful trader. Taking this forward we will now explore the system called "TradeWizard" and see how the strategies that we have explored are fine tuned and implemented in this system, thus taking the trade to a different level!!

Salient features

In TradeWizard we have optimized concepts and indicators to be used with various multi time frame chart layout which will provide meaningful insights to different trade setups. It guides you when to setup the trade, where to place your stop loss, do the money management for your by assessing and controlling your risk and finally guides you to cut off the trade.

So, do you find it interesting? Yes, we know you are... So let's dig into the system without further delay.

By now we know on what working philosophy a trader works. Now we will explore what unique features TradeWizard system provides which will take your trade to a different level by improving on the accuracy and profitability of the trade setup.

Automated visual Alerts

With the help of this feature, a trader can setup automated messaging system which will allow the trader to be notified about a probable trade setup while he/she is away from the system or the same can be visually implemented in the chart for faster screening and provide visual clarity.

All the entry criteria has been inbuilt into this alert system, thus saving time for real time analysis and eliminating any chances for manual analytical error during screening process. 

Various colour combinations have been used to give the user clarity on what condition has triggered the trade, which will facilitate to do the risk management during the life cycle of the trade.

Fair price zone

The TradeWizard system has a unique algorithm to calculate the fair price zone using the volatility, trend strength, volume and the price action. It will indicate only those trades which are initiated within the fair price zone to ensure higher accuracy and better risk to reward ratio.

It has a unique visual indicator to signal the trade setup, which can also be used to set alerts. Alerts are auto messaging system that will inform a user about a trade opportunity immediately  when market moves meet your criteria. Alerts can be PUSH to phone, webhooks, email or screen popups — so you won't miss a beat!

Implementation of various strategies and various trading styles

TradeWizard, as mentioned earlier is a multi time frame eco system, which facilitates trader of any category, i.e. intraday, swing or positional. Not only this, it has in built strategies for the mentioned trading styles.

Multi time frame

This is a unique feature of TradeWizard possesses. This helps to gauge the trade setup more accurately using configurable time frames; 1. The chart layout time frame, which is the default one and 2. Another time frame the user chooses or could be multiple based on the user's subscription.

Volume to identify smart money and judge market bias

This is another extraordinary unique feature of this product. Volume is measured against multiple configurable SMA to figure out the market bias and the strength of the market participation i.e. strength of the retail presence or presence of smart money.

The volume strength is presented with different colours to give a clear visual representation of the market participation.

Risk Manager

This is another unique feature of the TradeWizard system. The Risk Manager calculates for you the no. of shares to be traded based on your risk amount, where to place the stop loss at runtime based on the nature of the trade setup. This saves the vital time while entering the trade.

It allows you to set the target value for exit, thus helping you as a trader to gauge your performance.

Advance trailing mechanism

This is another unique feature which will help you to ride your profits and reduce your risk dynamically during the life cycle of a trade. This is an advances trailing stop loss feature, which helps you to trail your SL based on several parameters.