Big Runner

Presenting the "Big Runner" technique, dubbed "Sprinter," which is intended to help traders looking for momentum chances recognise important market swings. This approach maximises profit potential while controlling risk by using trend ribbons and moving averages to identify entry and exit locations.

Important characteristics:

Moving Averages: To determine the direction of the underlying trend, moving averages, both rapid and slow, are used. Depending on their preferred trading strategy, traders can alter the duration of these averages.

Trend Ribbon: Shows phases of bullish and bearish momentum by using a ribbon indicator to visualise the strength of the trend. Trend transitions are simple to spot for traders so they can make wise decisions.

Buy and Sell Signals: This tool generates buy and sell signals that indicate possible entry and exit opportunities based on the crossing and crossunder of moving averages.

Stop Loss/Take Profit Management: This feature enables traders to successfully apply risk management methods by giving them the ability to set stop loss and take profit levels as a percentage of the entry price.

Dynamic Position Sizing: Optimises capital allocation for every trade by dynamically calculating position size depending on leverage and portfolio proportion.

Implementation:

Long Entry: Started when a bullish trend is indicated by a price cross above the fast and slow moving averages. To control risk and lock in earnings, stop loss and take profit thresholds are established appropriately.

Short Entry: Indicates a bearish trend when the price crosses below both moving averages. The concepts of risk management are similar, with dynamic calculations used to determine take-profit and stop-loss levels.

Extra Personalisation:

Take Profit/Stop Loss Management: Provides the ability to select a take profit and stop loss

API Integration: This feature improves execution flexibility and efficiency by enabling traders to include custom parameters for automated trading.
Notice:

Trading entails risk, and performances in the past do not guarantee future outcomes. Before making any trades with this approach, careful analysis and risk management are necessary.

In summary:

By integrating risk management procedures with technical indicators, the "Big Runner" strategy provides a thorough method for identifying noteworthy market changes and achieving the best possible trading results. Traders can adjust parameters to suit their interests and style of trading, giving them the confidence to traverse volatile market situations.