I am requesting an automated trade management system based on Risk-to-Reward (R:R) ratios that can be enabled/disabled in the setting. This feature would allow traders to secure profits and move to breakeven automatically based on pre-set parameters.
Proposed Settings:
Smart Breakeven (BE) Trigger: Automatically move the Stop Loss once a specific R:R is reached (e.g., at 0.8 RR).
Breakeven Offset ($ or points): Moves the SL to a specific dollar or point profit (e.g., +$1.00) to ensure a risk-free trade after the trigger is hit.
Multi-Tiered Take Profits: Toggleable targets to scale out of positions: Partial TP-1: First profit target (e.g., 1.0 RR). Partial TP-2: Second profit target (e.g., 2.0 RR). Main TP: The final goal to close the remaining position (e.g., 3.0 RR).
How it works: Protect: Once the BE Trigger is hit, the SL moves to the Offset (+ $1.00). The trade is now secured. Scale Out: The system automatically closes portions of the trade at Partial TP-1 and Partial TP-2. Finish: The rest of the position runs until the Main TP is reached.
This "set-and-forget" logic ensures that once a trade starts moving in the right direction, the system automatically protects capital and locks in gains at multiple levels.