Enabling these settings ensures your performance results account for the friction inherent in live markets, leading to more accurate expectations. Utilize the built-in trading history to analyze metrics such as win rate, profit factor, and maximum drawdown.
Define Your Entry and Exit Criteria for Paper Trading
Once you have consistently generated positive returns over several weeks and understand your strategy's limitations, you can proceed to live trading with a clear perspective. Avoid impulsive decisions by waiting for your strategy's signals, such as a crossover of moving averages or a break of a key price level.
Once authenticated, navigate to the "Trading" interface, typically located at the bottom of the chart window, to switch the order type to "Paper Trading. Watching how your entries align with support and resistance levels, as identified by your indicators, helps refine your timing and reinforces technical analysis skills.
Define Entry and Exit Criteria for Your TradingView Strategy
Familiarize yourself with the "Trading" pane, as it displays your simulated equity curve, open positions, and transaction history, providing a clear overview of your performance. Consistency in applying these rules transforms abstract concepts into executable habits.
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