Overview
The ChartPrime Strategy Builder offers traders an innovative, structured approach to building and testing strategies. The Strategy Creator allows users to combine, test, and automate complex strategies with many parameters.
Entries using the Strategy Builder
Entries using the Strategy Builder
Customizable Buy and Sell Conditions
The Strategy Creator provides flexibility in establishing entry and exit rules, with separate sections for long and short strategies. Traders can combine multiple conditions in each section to fine-tune when positions are opened or closed. For instance, they might choose to only buy when the indicator signals a buy and the Dynamic Reactor (a low lag filter) indicator shows a bullish trend. Users are able to pick, mix and match the following list of features:
- Signal Mode: Select the type of assistive signals you are requiring. Provided are both trend following signals with self optimization using backtest results as well as reversal signals, aiming to provide real time tops and bottoms in markets. Both these signal modes can be fine tuned using the tuning input to refine signals to a trader's liking. ChartPrime Trend Signals leverage audio engineering inspired techniques and low-pass filters in order to achieve and attempt to produce lower lag response times and therefore are designed to have a uniqueness when compared to more classical trend following approaches.
- The Dynamic Reactor: provides a simple band passing through the chart. This can provide assistance in support and resistance locations as well as identifying the trend direction expressed via green and red colors. Taking a moving average and applying unique adaptivity calculations gives this plot a unique and fast behavior.
- Candlestick structures: analyze candlestick formation putting a spin on classical candlestick patterns and provide the most relevant formations on the chart. These are not classical and are filtered by further analyzing market activity. A trader's classic with a spin.
- The Prime Trend Assistant: provides a trend following dynamic support and resistance level. This makes it perfect to use in confluence or as a filter for other supporting indicators. This is an adaptive trend following system designed to handle volatility leveraging filter kernels as opposed to low pass filters.
- Money Flow: with further filters applied for early response to money flow changes in the market. This can be a great filter in trends.
- Oscillator reversals: are built in leveraging an oscillator focusing on market momentum allowing users to enter based on market shifts and trends along with reversals.
- Volume-Inspired Signals: determine overbought and oversold conditions, adding another layer of analysis to the oscillator. These appear as orange labels, providing a simple reading into a possible reversal.
- The Volume Matrix: is a volume oscillator that shows whether money is flowing into or out of the market. Green suggests an uptrend with buyers in control, while red indicates a majority of sellers. By incorporating smoothed volume analysis, it distinguishes between bullish and bearish volumes, offering an early indication of potential trend reversals.
- The True 7: is a middle-ranking system that evaluates the strength of a move and the overall trend, offering a numeric or visual representation of trend strength. It can also indicate when a trend is starting to reverse, providing leading signals for potential market shifts. Rather than using an oscillator, this offers the unique edge of falling into set categories, making understanding it simple. This can be a great confluence point when designing a strategy.
- Take profits: These offer real-time suggestions from our algorithm on when it might be a good time to take profit. Using these as part of a strategy allows for great entries at bottoms and tops of trends.
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| Availible options for confluence |
Note that each of these features may have additional settings such as MTF functionality.
The system is symmetrical meaning that users can set both long and short contitions with the same conditions if needed. By disabling all of the entry conditions on either long or short areas of the settings will create a strategy that only takes a single type of position. For example; a trader that just wants to take longs can disable all short options.
Check out a showcase of the strategy builder below:
Sometimes more confluence isn't always better. Adding 100 conditions can sometimes make the system less likely to fire and doesn't always result in better profits!
Duel Purpose Features Using features such as the Dynamic Reactor have dual purposes. Traders can use this as both a filter and an entry condition. This allows for true interoperability when using the Strategy Builder. For example Dynamic Reactor Bullish Signal is when the reactor turns green and at that instant the condition is true. However Dynamic
Layered Entries
Layered entries, a feature to enhance the uniqueness in the tool. It allows traders to average into positions as the market moves, rather than committing all capital at once. This feature is particularly useful for volatile markets where prices may fluctuate substantially. The Strategy Builder lets users adjust the number of layered entries, which can help in managing risk and optimizing entry points as well as the aggressiveness of the safety orders. With each safety order placed the system will automatically and dynamically scale into positions reducing the average entry price and hence dynamically adjust the potential take profits. Due to the potential complexities of exiting during multiple orders, a smart system is employed to automatically take profits on the layered system aiming to take profits at peaks of trends.
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| Layered entries in action |
Users are able to override this smart TP system at the bottom of the settings instead targeting percentage profits for both short and long positions.
The ability to adjust how quickly the system layers into positions can also be adjusted via the layered entries drop down between fast and slow mode where the slow mode will be more cautious when producing new orders.