Your trading system has a cool tool called “Plot Management” that lets you see your grid martingale strategy in action. This means you can see how your trades line up with the average price of what you’re buying or selling. Think of a grid on your chart, with each line a buy or sell order. Plot Management can draw an “average line” right through the middle, showing you where your entry prices are at a glance.
Why This Matters
This is crucial for understanding your grid’s health. If the average line is positioned favorably (near expected retracement levels for longs or near potential support for shorts), it suggests your entries might be profitable, especially if they’re also close to your take profit levels. However, if the average line is way off where you want it, particularly far from both retracement zones and take profit targets, it might be time to consider adjustments like flattening or shrinking your grid to manage risk. Check out Powerful Guide for When Unexpected Market Moves Exceed Expectations.
Turning on the Plot
With Plot Management, you can choose whether to see the average line or not. The good news is, it’s easy to turn on or off. Just find the setting called “Plot Average Price.” Setting it to “on” will show the line, while “off” will hide it. This lets you customize your view and choose how much info you want to see.
Making it Clearer
Want your average line to stand out more? You can adjust its thickness with the “Average Price Line Width” setting. Think of it like this: a higher number makes a thicker line, which is easier to see on your screen. A thin line might be hard to spot, while a thicker line will be easier to check at a glance.
Color Coding
Finally, you can personalize your plot by picking colors for the buy and sell average price lines. Use the “Buy Average Price Color” and “Sell Average Price Color” settings to choose your favorites. This can help you quickly tell buy from sell orders, making it even easier to understand your grid martingale strategy. Imagine coloring your buy line green and your sell line red. This color coding would let you see the average price for your long and short positions right away.
By using Plot Management well, you can learn more about your grid martingale strategy, set it up how you like, and maybe even trade better. Visualization is a powerful tool, and Plot Management can help you see your grid in action, giving you an advantage in the markets.