We're excited to announce Version 2.0 of the PRX Indicator and Strategy software for TradingView!
For anyone who's already a Bronze or Silver level subscriber this update is available to you right now. Simply add the PRX Indicator or Strategy to a chart and you're ready to go!
See below for a list of all the new features and updates and also check out this quick start video where Jeff describes how to setup the new version on an existing chart layout and steps through the main new features. We'll also be deep diving into some of these new capabilities in the Community over the next couple of weeks so keep an eye out.
New in-built Leverage Settings to control the amount of Leverage used for Position Sizing
Enables more realistic backtests as well as forward running position size calculations
Settings for both the Available Leverage Multiple and Max Percentage of Available Leverage to use for position sizing
Defaults to unrestricted leverage to mimic v1.0 settings
Added a check for ReEntry & Continuation Entries
Ensures we don't take on more risk by using the same pos size as original entry.
Reduces the position size accordingly if the ReEntry & Continuation iStop is larger.
New functionality for Intraday Trading
New Settings Area for Intraday Trading
Added an Intraday Trading Session filter so that trade entries are only allowed at certain times of day or even specific days of the week. Includes chart background coloring for the times of day
Added TimeZone selection for above Intraday Session Selection
Added extra filters to avoid entering on the 1st and 2nd bar of the day to avoid issues that could arise from gaps
Added an End of Day exit setting to ensure the system is flat overnight when desirable
Several under-the-hood code improvements