Pivot Boss Enhanced with Risk Management Is Live!

Unlock the power of automated trading with the Pivot Boss Enhanced with Risk Management strategy! In this video, I walk you through how to use the latest Pine Script on TradingView to optimize your trading strategies using advanced risk management tools. This script integrates the Heikin-Ashi indicator, the ADX trend filter, ATR-based stop-loss, and trailing stop features. Learn how to set your risk parameters, calculate stop-losses, and ensure your trades are aligned with market trends. Whether you're a beginner or an experienced trader, this script will help you manage trades more efficiently and protect your profits. Don't miss out—watch now and elevate your trading! How to Use This Script: Install the Script: Copy the entire Pine Script code into TradingView’s Pine Script editor, then add it to your chart. Understand the Signals: BUY Signal: Appears when the price is above key trendlines, and the market is in an uptrend with sufficient ADX value. SELL Signal: Appears when the price is below key trendlines, and the market is in a downtrend with sufficient ADX value. EXIT Signal: Alerts when to exit the trade based on predefined conditions. Risk Management: The script uses ATR (Average True Range) to calculate dynamic stop-loss and trailing stop levels based on the market volatility. Adjust the multipliers and trailing distance to suit your risk profile. Track Performance: The built-in table displays your performance metrics, including total points won, lost, net points, and win rate, so you can keep track of your trading success. Adjust Parameters: You can customize the lengths of the EMAs, the ADX threshold, and the ATR multipliers to fine-tune the strategy for your trading style.