Introducing Enhanced Trade Idea Filtering: Confidence, Performance, and Live Status Updates

We’re excited to announce a set of streamlined updates to our trade ideas tool, aimed at enhancing the precision and usability for traders. These updates focus on three major areas: Confidence, Performance, and Live Status.

Here is a breakdown of what's new.

Confidence Filter

Our confidence filter has been simplified, allowing traders to easily select the minimum confidence level for displaying trade ideas. The confidence score, derived from a combination of parameters such as Instrument Price Trend, News Sentiment, Volatility, and News Volume, ensures that each trade idea aligns with market indicators. The updated filter options include:

• >=20% Confidence: Displays all trade ideas with over 20% confidence.
• >=40% Confidence: Filters to show only ideas with over 40% confidence.
• >=60% Confidence: Narrows down to ideas with over 60% confidence.
• >=80% Confidence: Restricts display to trade ideas with 80%+ confidence.

Selecting a higher confidence level ensures that the ideas presented are more aligned with current market trends and sentiments.

Performance Filter

To help traders focus on high-quality trade ideas, we’ve introduced a new performance-based filtering component, with options to select based on historical performance:

• Top Performers: Displays ideas with a win rate over 50% in the past 10 trades.
• Underperformers: Returns ideas with a win rate below 50% in the last 10 trades.
• Custom Win Rate: Allows traders to set a custom win rate using historical data from 2021 onwards.
• Custom Profit Factor: Traders can customise the profit factor, calculated by dividing total gains by total losses, enhancing the focus on profitability.

This addition empowers traders to concentrate on strategies with historical success, tailoring their approach based on individual trading preferences.

Live Status Filter

Our new live status filter improves real-time trade management by allowing you to choose the display status of trade ideas:

• Pending Trades: Active ideas yet to hit their entry levels.
• Live Trades: Ideas that have reached their entry levels and are progressing toward take profit or stop loss.

By selecting both options, expired trade ideas will be filtered out, providing a cleaner and more focused view.

Incorporating these updates, our tool is now more robust, providing a sophisticated means of filtering and focusing on trade ideas that match your trading strategy and risk profile. Explore these new features today and enhance the accuracy and efficiency of your trading decisions.