Install Trading Safety Features
Budget: $30 – $250 USD
I need a skilled professional to set up trading guardrails on my TradeStation Desktop trading dashboard. The guardrails I need include:
- Stop-loss orders
- Profit targets
- Position size limits
Ideal Skills and Experience:
- Proficiency in TradeStation Desktop
- Experience with setting up trading parameters
- Strong understanding of risk management in trading
Please provide examples of similar work done. TradeStation Implementation Guide
Document Purpose: This trading plan outlines mandatory parameters and rules to be configured within TradeStation to maintain disciplined, rule-based options trading. All settings should be enforced at the platform level to prevent deviation from the strategy.
GLOBAL TRADING CONSTRAINTS
Stock Selection Criteria
Maximum Stock Price: $10.00 or below
Focus: Micro-cap and low float stocks only
Volume Requirements: High volume with RVOL (Relative Volume) expansion confirmed
Entry Requirements
Setup: Confirmed breakout pattern only
Entry Trigger: First pullback after confirmed breakout
Pre-Entry Validation: All criteria below must be met before entry is allowed
Risk Management (MANDATORY)
Stop-Loss: Fixed 5% from entry price (non-negotiable)
Profit Target: Minimum +10% from entry price
Risk-Reward Ratio: Minimum 2:1 R/R required before entry
Position Sizing: Calculate based on 5% stop-loss to maintain consistent risk per trade
Daily Trading Limits
Maximum Active Opportunities: 6 total per day
Morning Session: Maximum 3 opportunities (AM)
Afternoon Session: Maximum 3 opportunities (PM)
Hard Stop: No new positions after daily limit is reached
TRADESTATION CONFIGURATION REQUIREMENTS
Dashboard Restrictions to Implement
Price Filter:
Set automatic scanner filter: Stock price ≤ $10.00
Hide/disable all stocks above $10.00 from watchlists
Volume & RVOL Monitoring:
Display real-time RVOL indicator on all charts
Highlight only stocks with expanding RVOL
Filter out low-volume securities
Pattern Recognition:
Enable breakout pattern alerts
Visual indicator for "first pullback" after breakout
Disable entry signals that don't meet breakout + pullback criteria
Automated Risk Management:
Auto Stop-Loss: Automatically place 5% stop-loss on every position at entry
Profit Target: Display 10% target level on chart
R/R Calculator: Pre-trade tool showing R/R ratio; block entry if < 2:1
Position Counter:
Visual counter showing: "X of 3 AM positions used" and "X of 3 PM positions used"
Lock new entries when session limit (3) is reached
Reset counter at market open and at PM session start
Simplified Interface:
Remove/hide all non-essential TradeStation features
Display only: Scanner, Charts with parameters, Order entry with auto-stops, Position counter
Disable access to stocks/options outside defined parameters
TRADE EXECUTION WORKFLOW
Pre-Entry Checklist (Must Be Automated/Visible)
Stock price ≤ $10
High volume + RVOL expansion confirmed
Breakout pattern confirmed
First pullback identified
Stop-loss = 5% calculated
Profit target = minimum +10% calculated
R/R ratio ≥ 2:1 confirmed
Daily position limit not exceeded (< 3 for current session)
Entry Execution
System calculates position size based on account risk and 5% stop
Stop-loss order automatically placed at entry
Profit target displayed on chart (10% minimum)
Exit Rules
Exit at 5% stop-loss (automatic)
Exit at profit target (10% or greater)
No discretionary exits outside these parameters
DISCIPLINE FRAMEWORK
Core Principles
No Exceptions: All parameters are mandatory; no discretionary overrides
System-Based: Let TradeStation enforce rules, not willpower
Session Limits: Hard caps on AM (3) and PM (3) opportunities prevent overtrading
Fixed Risk: 5% stop-loss is non-negotiable and automatically executed
What Should Be DISABLED in TradeStation
Manual order entry without auto-stop functionality
Access to stocks priced > $10
Ability to take more than 6 positions per day
Removal or modification of stop-loss orders
Entry into positions with R/R < 2:1
What Should Be VISIBLE at All Times
Current number of positions taken (AM/PM breakdown)
Remaining opportunities for the day
Real-time RVOL on all candidates
Pre-calculated stop-loss and profit target levels
R/R ratio for potential entries
IMPLEMENTATION NOTES FOR DEVELOPER
Goal: Create a "locked-down" trading environment where only rule-compliant trades are possible.
Technical Requirements:
Custom workspace layout with only essential windows
Automated scanners with hard-coded filters (price, volume, RVOL)
Order templates with mandatory 5% stop-loss
Session-based position counter with trade blocking at limits
R/R calculator that prevents order submission if < 2:1
Visual alerts for pattern confirmation (breakout + pullback)
Expected Outcome: A TradeStation dashboard that functions as a "trading guardrail system" - allowing only trades that meet ALL criteria while blocking everything else, eliminating distraction and enforcing discipline.
CONTACT & QUESTIONS
For technical implementation questions or clarification on any trading rules, contact: Tony Merlino / BocaRatonServices
- Stop-loss orders
- Profit targets
- Position size limits
Ideal Skills and Experience:
- Proficiency in TradeStation Desktop
- Experience with setting up trading parameters
- Strong understanding of risk management in trading
Please provide examples of similar work done. TradeStation Implementation Guide
Document Purpose: This trading plan outlines mandatory parameters and rules to be configured within TradeStation to maintain disciplined, rule-based options trading. All settings should be enforced at the platform level to prevent deviation from the strategy.
GLOBAL TRADING CONSTRAINTS
Stock Selection Criteria
Maximum Stock Price: $10.00 or below
Focus: Micro-cap and low float stocks only
Volume Requirements: High volume with RVOL (Relative Volume) expansion confirmed
Entry Requirements
Setup: Confirmed breakout pattern only
Entry Trigger: First pullback after confirmed breakout
Pre-Entry Validation: All criteria below must be met before entry is allowed
Risk Management (MANDATORY)
Stop-Loss: Fixed 5% from entry price (non-negotiable)
Profit Target: Minimum +10% from entry price
Risk-Reward Ratio: Minimum 2:1 R/R required before entry
Position Sizing: Calculate based on 5% stop-loss to maintain consistent risk per trade
Daily Trading Limits
Maximum Active Opportunities: 6 total per day
Morning Session: Maximum 3 opportunities (AM)
Afternoon Session: Maximum 3 opportunities (PM)
Hard Stop: No new positions after daily limit is reached
TRADESTATION CONFIGURATION REQUIREMENTS
Dashboard Restrictions to Implement
Price Filter:
Set automatic scanner filter: Stock price ≤ $10.00
Hide/disable all stocks above $10.00 from watchlists
Volume & RVOL Monitoring:
Display real-time RVOL indicator on all charts
Highlight only stocks with expanding RVOL
Filter out low-volume securities
Pattern Recognition:
Enable breakout pattern alerts
Visual indicator for "first pullback" after breakout
Disable entry signals that don't meet breakout + pullback criteria
Automated Risk Management:
Auto Stop-Loss: Automatically place 5% stop-loss on every position at entry
Profit Target: Display 10% target level on chart
R/R Calculator: Pre-trade tool showing R/R ratio; block entry if < 2:1
Position Counter:
Visual counter showing: "X of 3 AM positions used" and "X of 3 PM positions used"
Lock new entries when session limit (3) is reached
Reset counter at market open and at PM session start
Simplified Interface:
Remove/hide all non-essential TradeStation features
Display only: Scanner, Charts with parameters, Order entry with auto-stops, Position counter
Disable access to stocks/options outside defined parameters
TRADE EXECUTION WORKFLOW
Pre-Entry Checklist (Must Be Automated/Visible)
Stock price ≤ $10
High volume + RVOL expansion confirmed
Breakout pattern confirmed
First pullback identified
Stop-loss = 5% calculated
Profit target = minimum +10% calculated
R/R ratio ≥ 2:1 confirmed
Daily position limit not exceeded (< 3 for current session)
Entry Execution
System calculates position size based on account risk and 5% stop
Stop-loss order automatically placed at entry
Profit target displayed on chart (10% minimum)
Exit Rules
Exit at 5% stop-loss (automatic)
Exit at profit target (10% or greater)
No discretionary exits outside these parameters
DISCIPLINE FRAMEWORK
Core Principles
No Exceptions: All parameters are mandatory; no discretionary overrides
System-Based: Let TradeStation enforce rules, not willpower
Session Limits: Hard caps on AM (3) and PM (3) opportunities prevent overtrading
Fixed Risk: 5% stop-loss is non-negotiable and automatically executed
What Should Be DISABLED in TradeStation
Manual order entry without auto-stop functionality
Access to stocks priced > $10
Ability to take more than 6 positions per day
Removal or modification of stop-loss orders
Entry into positions with R/R < 2:1
What Should Be VISIBLE at All Times
Current number of positions taken (AM/PM breakdown)
Remaining opportunities for the day
Real-time RVOL on all candidates
Pre-calculated stop-loss and profit target levels
R/R ratio for potential entries
IMPLEMENTATION NOTES FOR DEVELOPER
Goal: Create a "locked-down" trading environment where only rule-compliant trades are possible.
Technical Requirements:
Custom workspace layout with only essential windows
Automated scanners with hard-coded filters (price, volume, RVOL)
Order templates with mandatory 5% stop-loss
Session-based position counter with trade blocking at limits
R/R calculator that prevents order submission if < 2:1
Visual alerts for pattern confirmation (breakout + pullback)
Expected Outcome: A TradeStation dashboard that functions as a "trading guardrail system" - allowing only trades that meet ALL criteria while blocking everything else, eliminating distraction and enforcing discipline.
CONTACT & QUESTIONS
For technical implementation questions or clarification on any trading rules, contact: Tony Merlino / BocaRatonServices