FOREX TRADING MANAGEMENT TOOLSOVERVIEW

calculating trades, within consistency thresholds
Forex trading management tools flow within TradingSpine's trading toolkit

A TOTAL OF 8 TOOLS

1 management tool, 7 trading calculators
The 8 forex trading management tools categorized

Calculating and managing trading setups under the umbrella of money management is the goal of all trading tools in the kit, they operate by default using the active money management rules.

The majority of the tools are designed to help traders who plan ahead their trade before entering the market by automating calculations and proactively providing the trade's details from money management and brokerage account point of views. A single tool is designed to help forex traders who over traded a setup and wants to make a decision based on a true understanding of the situation.

6 CONFIGURABLE BROKERAGE ACCOUNTS

set them once, they'll update as you trade
6 configurable brokerage accounts presets
EASY TO SETUP & MAINTAIN

Multiple trading accounts can be set in a matter of seconds and they will instantly integrate with the different money management and trading tools.
PROACTIVE MANAGEMENT

The toolkit keeps track of both active & closed trades, keeping the brokerage accounts updated with all trading acitivites.
VERSATILITY

Calculating a trade setup using different brokerage accounts is a matter of a single click to choose the desired account, this helps with choosing the best account to use for that trade.
BE READY FOR EXTREMES

By setting leverage and margin closout values for the different accounts, pip distance to a margin closout for any trade is calculated before entering a trade, enabling the trader to judge if that trade is safe enough from any unexpected market move or not.

6 CONFIGURABLE CURRENCY PRESETS

no more confusion when calculating different currency structures
6 configurable currency presets
EASY TO SETUP

Setting currency presets is a matter of entering the lot size and choosing the pip structure. Data needed to configure a preset is usually provided by forex brokers on their website or in the trading platform they provide.
SINGLE PRESET, MULTIPLE PAIRS

A single preset can be used for as many pairs or instruments sharing the same structure. For example, configuring a preset for EUR/USD can be used for multiple pairs like EUR/GBP, USD/CAD, NZD/USD, AUD/USD, USD/CHF ....etc
VERSATILITY

Currency presets aren't attached to broker presets, which means a preset can be used on any of the configured broker presets as long as they share the same structure.

THE TRADING MANAGEMENT TOOL

responsible for a seamless link between money management and trading

ACTIVE TRADES

MANAGE YOUR COMPLEX TRADES WITH EASE

Calculating new trades before entering the forex market while managing multiple active trades can easily be confusing and most probably a trader ends up using his "sense" instead of "precision", which is against the basics of consistency.

This tool can help in managing trading setups with ease and do all needed calculations on the user's behalf, it acts as the link between money management and trading management by populating the active checkpoint's rules to trading tools and sending the current standing to the "Checkpoints" money management tool. It also proactively changes thresholds sent to trading tools according to both active & closed trades.

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8 CONCURRENT TRADES
Active Trades tool overview - Manage up to 8 concurrent trades

Manage up to 8 concurrent trades (and unlimited closed trades) for the active checkpoint.

Risk & profit thresholds populated to trading tools are updated whenever a new trade is imported, or a current trade is closed.

CHECKPOINT'S STANDING
Active Trades tool overview - Know the standing of all your active trades

The current checkpoint's standing is populated by the tool to both trading management and money management tools.

That makes it easy to size new trades according to the active checkpoint's thresholds or close that checkpoint using the current standing when trading is finished.

UNIVERSAL RISK PERCENTAGE
Active Trades tool overview - Universal percentage controlling everything

Risk percentage for each checkpoint is universally populated to all the trading tools, making dividing that risk upon multiple trades easy and precise.

That percentage is proactively updated whenever a new trade is imported or an existing trade is closed, and the remaining risk is instantly populated to the trading tools as the new default risk threhold for calculating new trades.

ACCOUNT(S) STANDING
Active Trades tool overview - Know the standing for all your brokerage accounts

Each of the different accounts relates to the active trading cycle by percentage to let money management stay as the core of everything.

Right inside the tool, the total balance for each of the accounts is provided and the perentage of that account compared to total trading balance of the current trading cycle.

SINGLE-CLICK IMPORT
Active Trades tool overview - Single-click import

When a trade is ready in any of the trading tools, all what is needed is clicking the import button in any of the available trading slots and the current checkpoint's thresholds will instantly be recalculated.

CLOSING TRADES
Active Trades tool overview - Closing a trade

Closing a trade is as easy as choosing the planned stop loss or take profit rate of the trade setup and clicking close, the used brokerage account and current checkpoint's standing and remaining risk threshold will be automatically updated.

Many factors can affect the final output of the trade, like swap or closing the trade using a rate different from the rates planned earlier, thus options to override any of the automatically calculated results are available while closing a trade.

THE SPECIAL TOOLS

1 tool to divide, 1 tool to combine

ONE-TO-MANY

USE PAST PERFORMANCE TO YOUR ADVANTAGE

How many trades out of your last 10 winning trades, went towards its target right away without retracing against you first?

The answer to this question is the reason behind this tool, it is very rare that a trade setup goes to its target right away. The forex market is always "breathing", it goes both ways and the majority of winning trades were loosing for a while before turning around and hitting its target.

The tool is capable of splitting a single trade setup into up to 5 setups to make use of that market breathing, either by increasing profit, or decreasing losses if the trade setup ended with losses.

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UP TO 5 POSITIONS
One-to-Many tool overview - Up to 5 positions

A single trade setup can be splitted to 2, 3, 4 or 5 different positions.

WEIGHTED POSITIONS
One-to-Many tool overview - Weighted positions

You can assign weights for the splitted positions, that way you can give higher weights for the entries you believe are more likely to be triggered and lower weights for the entries that are less likely to be triggered.

THRESHOLD TYPE
One-to-Many tool overview - Threshold type

You can define the rate of the last position either by directly entering that rate or by specifying a pip distance from stop loss rate.

2 CALCULATION ALGORITHMS
One-to-Many tool overview - 2 calculation algorithms

There are 2 calculation algorithms driving the tool to operate in 2 totally different modes by fixing either the position size or risked cash of the original trade setup.

Each of the two modes have its cons and pros, deciding which one is more suitable for you is done by thoroughly studying your past performance.

MANY-TO-ONE

RESTORE FOCUS WHEN YOU OVERTRADE A SETUP

Unlike all the other tools that are created to plan ahead before entering the forex market, this tool is designed to help take the right decision if a trade setup is overtraded by adding more positions and hoping the market will turn back towards the target.

In the unfortunate situation of overtrading, a trader usually end up loosing focus and hoping the market will change direction, which is totally against being consistent. In such case, the best way to get back on track is to evaluate those multiple positions as a single positions and decide what to do accordingly.

This tool can help traders facing that situation by combining multiple positions into one single collective position, an imaginary position representing the actual standing for that trade setup, which helps in making a decision based on true understanding of the situation.

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UP TO 8 POSITIONS
Many-to-One tool overview - Up to 8 positions

Combines up to 8 positions of the same type into a single collective position.

DETAILED OUTPUT
Many-to-One tool overview - Detailed Output

Data provided for the collective position goes past just a position size and rate, it also calculates the actual pip value for that collective position, margin status, and pips to closout.

CURRENT STATUS
Many-to-One tool overview - Current Status

When combining multiple positions into a collective one, a step furthur can be taken by providing the current market rate for the pair.

By doing so, the current impact of that trade on both brokerage account and money management can be calculated, and approximately how many pips away is a margin closout for that specific trade. That can help when an action is needed immediately.

THE STANDARD TOOLS

5 tools covering different trading scenarios

STOP LOSS RATE

trade calculator

This tool is effective when strong support/resistance level is spotted on a chart and the current price is near enough to think of that level as stop loss level, but the target to complete this idea into a trade setup isn't spotted.

The tool will use both the entry & stop loss rates defined, and apply the active checkpoint's thresholds to generate a position size & take profit rate complying with active money management rules.

It is important to understand that the tool isn't aware of the chart's structure, thus the generated position size & take profit rate are purely mathematical. The idea of the tool is to complete a trade setup with respect to the current checkpoint's thresholds so consistency is maintained, therefore the best way to use the tool's output is to study the generated take profit rate on the chart and decide if it makes sense and achievable or not.
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TAKE PROFIT RATE

trade calculator

This tool is effective when strong support/resistance level is spotted on a chart and the current price is far enough to think of that level as take profit level, but the stop loss to complete this idea into a trade setup isn't spotted.

The tool will use both the entry & take profit rates defined, and apply the active checkpoint's thresholds to generate a position size & stop loss rate complying with active money management rules.

It is important to understand that the tool isn't aware of the chart's structure, thus the generated position size & stop loss rate are purely mathematical. The idea of the tool is to complete a trade setup with respect to the current checkpoint's thresholds so consistency is maintained, therefore the best way to use the tool's output is to study the generated take profit rate on the chart and decide if it makes sense and achievable or not.
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POSITION SIZE

trade calculator

This tool is for traders entering the market according to the trend they believe price is following using a specific position size.

The tool will use the (entry rate, position size, and position type) defined, and apply the active checkpoint's thresholds to generate take profit & stop loss rates complying with active money management rules.

It is important to understand that the tool isn't aware of the chart's structure, thus the generated take profit & stop loss rates are purely mathematical. The idea of the tool is to complete a trade setup with respect to the current checkpoint's thresholds so consistency is maintained, therefore the best way to use the tool's output is to study the generated take profit rate on the chart and decide if it makes sense and achievable or not.
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CUSTOM TRADE

trade calculator

This tool is to be used when a trader have a complete trade setup in mind and want to size it with respect to active money management rules.

The tool will use all of (entry, take profit, and stop loss) rates defined, and apply the active checkpoint's threshold to generate a position size complying with active money management rules.

This tool is directly linked to the harmonic tools of the toolkit, thus trading setups based on harmonic patterns can be sent to this tool in order get sized according to the active checkpoint's thresholds automatically.

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FIXED RANGE

trade calculator

This tool is effective when the chart is going sideways within a certain price range and a trader wants to make use of that range.

The tool will use the rates of (upper and lower boundaries, safety pips, and entry rate) defined, to generate (position size, take profit rate, and stop loss rate), taking into account the safety pips specified.

Just like the previous tools, the generated trade fully complies with the active money management rules.

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