Chapter 3: Trade Management
Jan 1, 2026
Profit Exit
Trend: Trade exits if the TrendCe signal flips color, indicating momentum is turning against the position.
Bar Color: Trade exits if a bullish bar closes red (for longs) or a bearish bar closes green (for shorts).
SuperTrend: Trade exits if the price closes above or below the SuperTrend line.
Doji Candle: Exits all positions on a Doji pattern (small body relative to range).
Hammer/Shooting-Star: Exits longs on bearish reversal; exits shorts on bullish reversal.
Profit Ticks: Take profit automatically happens when the price moves X ticks in your favor.
Risk Management
Bar Stop Loss: Sets the initial stop loss based on the lowest low (for longs) or highest high (for shorts) over the last N bars.
Tick Stop Loss: Sets a fixed number of ticks from the entry price.
Swing Stop Loss: Identifies the most recent swing high/low and places a stop slightly beyond it.
Trailing Stop Loss: Activates once a predefined profit threshold is reached, adjusting stop levels upward (for longs) or downward (for shorts).
Break-Even Stop: Moves the stop to the entry price (with an optional offset) once a trade reaches a certain reward/risk ratio.
Daily Loss Limit: Halts further entries after the account reaches a predefined daily PnL drawdown.
Daily Loss Count Limit: Pauses new entries if the strategy experiences a user-defined number of consecutive losing trades.
Customization
Renavie offers robust risk management and profit exit options that users can customize.
The goal is to minimize potential losses and maximize potential gains, achieving a high dynamic risk-reward ratio.