ATRICIA is a customizable technical indicator designed for discretionary trading. It's based on volatility, providing you with the flexibility you need to make informed trading decisions.
ATRICIA suggests stop-loss and take-profit levels, making it a valuable tool for tracking trailing stop movements. It's designed to provide you with the insights you need without cluttering your chart.
De diseño minimalista, ATRICIA te proporciona estas perspectivas sin saturar visualmente el gráfico, para que sigas haciendo tus análisis como hasta ahora.
Yes, ATRICIA allows you to draw take-profit and stop-loss zones that are as wide or as close to the prices as you need. This means you can tailor ATRICIA to fit your unique trading strategy.
Absolutely. ATRICIA supports backtesting in two ways. You can use the "Playback Connection" (also referred to as "Market Replay") or activate Show Past Levels in the configuration. This will graphically display the levels that the indicator suggested in the past, allowing you to analyze which customization best suits your trading strategy and style.
Take a look at the chart below. We've used an upward breakout as an example of a strategy that decided on a long entry. You can see how ATRICIA supports the establishment of the take profit and stop loss at the time of this entry.
In the chart, you'll notice a bearish trend that breaks when the last two candles break above the trend line, at the point indicated by the arrow. Above, the take profit region is drawn in blue, and below, the stop loss region is drawn in red.
This is just one example of how ATRICIA can enhance your trading strategy. Its simple and clean design doesn't clutter the chart, making it easy to interpret and integrate into your trading routine.
ATRICIA is a versatile companion for your trading journey. Designed with simplicity in mind, it's an excellent choice for those who are starting out in trading and value efficiency and ease of use. But don't let its simplicity fool you. ATRICIA is also highly adaptable, capable of conforming to your unique trading strategy.
Whether you're a novice trader looking for a straightforward technical indicator, or an experienced trader seeking a flexible tool that can adapt to your complex trading plan, ATRICIA is up to the task. It's a customizable solution for your trading needs. Now, you might be wondering: How can I configure it? Let's dive into the configurable parameters of ATRICIA.
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The Trade Direction parameter allows you to choose the direction of the trade (Long or Short). It also has an Auto option for ATRICIA to automatically determine the trade direction. Using it in Auto mode is like having a filter: If ATRICIA anticipates an entry in one direction and you're about to make a trade in the opposite direction, it can serve as a wake-up call. If you're confident in your decision even though ATRICIA suggests otherwise, simply change the Trade Direction value to match your decision.
The Reference setting in ATRICIA allows you to define the reference point for your trade. You have three options to choose from: Standard, Extreme and Smoothed.
Standard. This setting uses the asset's price as the reference point.
Extreme. Selecting this option will take the previous candle's highs and lows as the reference.
Smoothed. By choosing "Smoothed," the reference is calculated based on various moving averages.
Each option tailors ATRICIA to different trading styles and strategies, providing flexibility and precision in your trading decisions. But wait, there’s more.
The four parameters Stop Loss Min Distance, Stop Loss Max Distance, Take Profit Min Distance, and Take Profit Max Distance serve two main purposes:
Zone Width: These settings allow you to define the width of the stop loss and take profit zones. You can adjust them from being as narrow as a single line to as wide as you deem necessary, offering flexibility to match your trading style.
Distance from Reference Point: By adjusting these parameters, you can set how close or far the stop loss and take profit zones are from the chosen reference point. This enables you to tailor the zones according to your risk tolerance and market conditions.
These parameters are expressed in units of ATR (Average True Range), providing a standardized measure of volatility to guide your settings. For example, a Take Profit Max Distance set to "6" means the outer boundary of the take profit zone is six times the ATR from the reference point, allowing for dynamic adjustment as market volatility changes.
The six parameters we've discussed—Trade Direction, Reference, Stop Loss Min/Max Distance, and Take Profit Min/Max Distance—provide a high degree of customization, allowing traders to fine-tune ATRICIA to their unique trading strategies and preferences.
But that's not all, there's more.
The Show Past Levels feature elevates the customization of ATRICIA by visually presenting the indicator's historical suggestions. This robust backtesting tool empowers traders to:
Visualize Past Performance: Observe how ATRICIA's levels would have fared historically, offering a transparent view of its effectiveness.
Align with Strategy: Modify parameters based on historical data to ensure congruence with your trading strategy and objectives.
Optimize Settings: Experiment with various configurations to discover the ideal settings that resonate with your risk tolerance and trading style.
When reviewing ATRICIA for backtesting, consider these two images. Both depict the same price chart. The first showcases historical stop loss and take profit levels provided by ATRICIA, achieved by enabling Show Past Levels.
In the second image, we observe a trader's analysis while testing their setup. They must determine if it aligns with their strategy and operations. For this trader, a market entry signal is a trend line break with a gap, entering in the direction of the gap. The trader examines historical instances and analyzes whether ATRICIA's stop loss and take profit suggestions match their preconceived notions.
The trader drew a bearish trend line in yellow and marked the long entry moment and price with continuous blue lines. With a dashed blue line, they indicated their strategy's take profit, verifying its alignment with ATRICIA's suggested take profit zone, indicating that the Take Profit Min Distance and Take Profit Max Distance parameters are tailored to their strategy.
With dashed red lines, they marked both their initial stop loss and the adjustment they would have made as the price moved in their favor. Here too, they confirm that these levels coincide with ATRICIA's dynamically suggested stop loss zone, affirming that the Stop Loss Min Distance and Stop Loss Max Distance parameters also conform to the strategy.
Note that in both cases, the outcome of these parameters is determined by the Reference choice, making ATRICIA more adaptable to various trading styles.
Thus, with this straightforward example, you can deduce the utility of the Show Past Levels function in backtesting your trades. To further enhance the precision of your adjustments, you can save one configuration for long positions and another for short positions, particularly if you trade commodities or stocks. For this, change the Trade Direction parameter value from Auto to Long or Short, depending on whether you're adjusting the configuration for longs or shorts.
By incorporating the Show Past Level function, ATRICIA not only offers a customizable experience but also empowers traders to make informed decisions based on historical analysis, leading to a more organic and strategic approach to trading.
Before success comes action. Take ATRICIA on your trading journey. It's a tool that will grow with you, adapting to your evolving strategies and market conditions. We invite you to explore ATRICIA, ask questions, and see how it can enhance your trading strategy. ATRICIA is available for a trial period, after which you can purchase it for life or opt for a monthly rental.
We believe in the value ATRICIA brings to traders, and we're confident you'll see its benefits too. So why wait? Start today and experience the difference.