Jigsaw Trading Blog

daytradr 5 Beta: Trade Markers & Order Management on Your Chart

Written by Peter Davies | Sep 3, 2024 5:48:01 PM

 

As we continue our "Features Week" for daytradr 5.0 Beta, we're excited to showcase another important addition to Jigsaw daytradr. Today, we're introducing a feature many of you have been asking for: chart-based trade management. In the past, you'd have to switch between your chart and your DOM to manage a trade, potentially missing crucial market movements. Now you can manage your existing trades directly from your chart. That's exactly what our new chart-based trade management feature offers. Before we get into more details, take a moment to watch this video demonstrating how this new feature works:

 

 

Now, let's break down what this new feature brings to daytradr 5.0 Beta:

  1. Integrated Chart and DOM Functionality: We've bridged the gap between our DOM and your charts. Now you can manage your positions and adjust your orders directly from your chart view, in addition to using the DOM.
  2. Streamlined Order Management: With this feature, you can modify trades directly on the chart. Right-click to cancel an order, left-click to modify price or size. It's a straightforward way to manage your trades visually.
  3. Visual Trade Representation: Your trades are now visually represented on your chart with color-coded triangles, providing an easy-to-understand overview of your trading activity.
  4. Flexible Order Management: We understand that different traders have different preferences. That's why we're offering the flexibility to manage orders on the DOM, chart, or heatmap - whatever works best for your trading style.
  5. Enhanced Order Visualization: See your orders in context with the price action, support, and resistance levels on your chart. This can help provide a clearer picture of your trade in relation to current market conditions.

While chart-based trade management isn't new to the industry, we're excited to bring this functionality to daytradr 5.0. It's part of our ongoing commitment to providing the tools you need for efficient, informed trading. This is just day two of our "Features Week", and we have more updates to share in the coming days. Stay tuned as we continue to unveil how daytradr 5.0 is evolving to meet your trading needs.

For our existing users, this new feature will seamlessly integrate into your workflow, enhancing your trading without disrupting your strategies. And for those who haven't yet experienced the Jigsaw daytradr difference, there's never been a better time to see what you've been missing.

Remember, daytradr 5.0 Beta launches on September 9th. Get ready to trade faster, smarter, and more efficiently than ever before.