TradeShields: No-Code Strategy Builder and Risk Manager for TradingView

Hey Product Hunt Community 👋🏻 We're excited to introduce TradeShields. 🛡 WHAT IS TRADESHIELDS? This no-code strategy builder is designed for traders on TradingView, offering an intuitive platform to create, backtest, and automate trading strategies. While identifying signals is often straightforward, the real challenge in trading lies in managing risk and knowing when not to trade. It equips users with advanced tools to address this challenge, promoting disciplined decision-making and structured trading practices. This is not just a collection of indicators but a comprehensive toolkit that helps identify high-quality opportunities while placing risk management at the core of every strategy. By integrating customizable filters, robust controls, and automation capabilities, it empowers traders to align their strategies with their unique objectives and risk tolerance. _____________________________________ 🛡 THE GOAL: SHIELD YOUR STRATEGY The mission is simple: to shield your strategy from bad trades. Whether you're a seasoned trader or just starting, the hardest part of trading isn’t finding signals—it’s avoiding trades that can harm your account. This framework prioritizes quality over quantity, helping filter out suboptimal setups and encouraging disciplined execution. With tools to manage risk, avoid overtrading, and adapt to changing market conditions, it protects your strategy against impulsive decisions and market volatility. _____________________________________ 🛡 HOW TO USE IT 1. Apply Higher Timeframe Filters Begin by analyzing broader market trends using tools like the 200 EMA, Ichimoku Cloud, or Supertrend on higher timeframes (e.g., daily or 4-hour charts). - Example: Ensure the price is above the 200 EMA on the daily chart for long trades or below it for short trades. 2. Identify the Appropriate Entry Signal Choose an entry signal that aligns with your model and the asset you're trading. Options include: Supertrend changes for trend reversals. Bollinger Band touches for mean-reversion trades. RSI strength/weakness for overbought or oversold conditions. Breakouts of key levels (e.g., daily or weekly highs/lows) for momentum trades. MACD and TSI flips. 3. Determine Take-Profit and Stop-Loss Levels Set clear exit strategies to protect your capital and lock in profits: Use single, dual, or triple take-profit levels based on percentages or price levels. Choose a stop-loss type, such as fixed percentage, ATR-based, or trailing stops. Optionally, set breakeven adjustments after hitting your first take-profit target. 4. Apply Risk Management Filters Incorporate risk controls to ensure disciplined execution: Limit the number of trades per day, week, or month to avoid overtrading. Use time-based filters to trade during specific sessions or custom windows. Avoid trading around high-impact news events with region-specific filters. 5. Automate and Execute Leverage the advanced automation features to streamline execution. Alerts are tailored specifically for each supported platform, ensuring seamless integration with tools like PineConnector, 3Commas, Zapier, and more. _____________________________________ 🛡 CORE FOCUS: RISK MANAGEMENT, AUTOMATION, AND DISCIPLINED TRADING This builder emphasizes quality over quantity, encouraging traders to approach markets with structure and control. Its innovative tools for risk management and automation help optimize performance while reducing effort, fostering consistency and long-term success. _____________________________________ 🛡 KEY FEATURES General Settings Theme Customization: Light and dark themes for a tailored interface. Timezone Adjustment: Align session times and news schedules with your local timezone. Position Sizing: Define lot sizes to manage risk effectively. Directional Control: Choose between long-only, short-only, or both directions for trading. Time Filters Day-of-Week Selection: Enable or disable trading on specific days. Session-Based Trading: Restrict trades to major market sessions (Asia, London, New York) or custom windows. Custom Time Windows: Precisely control the timeframes for trade execution. Risk Management Tools Trade Limits: Maximum trades per day, week, or month to avoid overtrading. Automatic Trade Closures: End-of-session, end-of-day, or end-of-week options. Duration-Based Filters: Close trades if take-profit isn’t reached within a set timeframe or if they remain unprofitable beyond a specific duration. Stop-Loss and Take-Profit Options: Fixed percentage or ATR-based stop-losses, single/dual/triple take-profit levels, and breakeven stop adjustments. Economic News Filters Region-Specific Filters: Exclude trades around major news events in regions like the USA, UK, Europe, Asia, or Oceania. News Avoidance Windows: Pause trades before and after high-impact events or automatically close trades ahead of scheduled news releases. Higher Timeframe Filters Multi-Timeframe Tools: Leverage EMAs, Supertrend, or Ichimoku Cloud on higher timeframes (Daily, 4-hour, etc.) for trend alignment. Chart Timeframe Filters Precision Filtering: Apply EMA or ADX-based conditions to refine trade setups on current chart timeframes. Entry Signals Customizable Options: Choose from signals like Supertrend, Bollinger Bands, RSI, MACD, Ichimoku Cloud, or EMA pullbacks. Indicator Parameter Overrides: Fine-tune default settings for specific signals. Exit Settings Flexible Take-Profit Targets: Single, dual, or triple targets. Exit at significant levels like daily/weekly highs or lows. Stop-Loss Variability: Fixed, ATR-based, or trailing stop-loss options. Alerts and Automation Third-Party Integrations: Seamlessly connect with platforms like PineConnector, 3Commas, Zapier, and Capitalise.ai. Precision-Formatted Alerts: Alerts are tailored specifically for each platform, ensuring seamless execution. For example: - PineConnector alerts include risk-per-trade parameters. - 3Commas alerts contain bot-specific configurations.