> For the complete documentation index, see [llms.txt](https://tradersally.gitbook.io/tradinghabitually/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tradersally.gitbook.io/tradinghabitually/bounce-trader/chart-trader.md). # Chart Trader
## Bounce Trader V3.0 User Guide ### Overview Bounce Trader is a semi-automated trading tool that helps you execute trades based on price action patterns. After clicking a button, it monitors the market and automatically places your trade when specific conditions are met. ### How to Use 1. **Select your ATM Strategy** (required) 2. **Set your position size** in the quantity field 3. **Choose "Market"** from the Entry Order Type dropdown 4. **Click a trading button** - it turns dark gray while waiting 5. **Trade executes automatically** when conditions are met *** ### 📊 PATTERN-BASED ENTRIES #### 🟢 **Buy Close** - Bullish Reversal Pattern **What it does:** Enters long after a bearish-to-bullish reversal * Waits for a red candle followed by a green candle * Checks that the green candle's upper wick isn't too large * **When to use:** After a pullback in an uptrend, looking for the bounce #### 🔴 **Sell Close** - Bearish Reversal Pattern **What it does:** Enters short after a bullish-to-bearish reversal * Waits for a green candle followed by a red candle * Checks that the red candle's lower wick isn't too large * **When to use:** After a rally in a downtrend, looking for rejection ### 🟢 **Buy Above** - Next Bar Must Close Green **What it does:** Enters long ONLY if the next bar closes bullish * After clicking, waits for the current bar to close * Checks if that bar closed green (Open < Close) * **If GREEN → Executes buy order** * **If RED → Cancels automatically** * One-shot attempt - no second chances * **When to use:** When you want immediate bullish confirmation on the very next candle. If momentum doesn't continue immediately, the trade is skipped. ### 🔴 **Sell Below** - Next Bar Must Close Red **What it does:** Enters short ONLY if the next bar closes bearish * After clicking, waits for the current bar to close * Checks if that bar closed red (Open > Close) * **If RED → Executes sell order** * **If GREEN → Cancels automatically** * One-shot attempt - no second chances * **When to use:** When you want immediate bearish confirmation on the very next candle. If selling pressure doesn't continue immediately, the trade is skipped. **Key Point:** These are "confirmation" buttons - they verify that momentum continues in your expected direction on the very next bar. If the market doesn't immediately confirm your bias, the order is abandoned. *** ### 💥 BREAKOUT ENTRIES #### 🟢 **Buy High** - Break Above Previous High **What it does:** Enters long on an upward breakout * Triggers instantly when price breaks above the previous bar's high * No waiting for candle close * **When to use:** Trading breakouts above resistance or range highs #### 🔴 **Sell Low** - Break Below Previous Low **What it does:** Enters short on a downward breakout * Triggers instantly when price breaks below the previous bar's low * No waiting for candle close * **When to use:** Trading breakdowns below support or range lows *** ### 📈 MOVING AVERAGE ENTRIES #### 🟢 **EMA Buy** - Buy at Moving Average Support **What it does:** Enters long when price pulls back to the EMA * Button only works when price is currently above the EMA * Triggers when price touches or dips below the EMA line * **When to use:** Buying dips to moving average support in an uptrend #### 🔴 **EMA Sell** - Sell at Moving Average Resistance **What it does:** Enters short when price rallies to the EMA * Button only works when price is currently below the EMA * Triggers when price touches or rises above the EMA line * **When to use:** Selling rallies to moving average resistance in a downtrend *** ### 🔄 ADVANCED PATTERN ENTRIES #### 🟢 **Trail Buy** - Two-Bar Bullish Reversal **What it does:** Enters long after a confirmed reversal pattern * Requires: Red candle → Green candle → Entry * More selective than Buy Close * **When to use:** Higher probability reversal trades with extra confirmation #### 🔴 **Trail Sell** - Two-Bar Bearish Reversal **What it does:** Enters short after a confirmed reversal pattern * Requires: Green candle → Red candle → Entry * More selective than Sell Close * **When to use:** Higher probability reversal trades with extra confirmation *** ### ⚡ QUICK SCALP TRADES #### 🟢 **Scalp Buy** - Instant Long with Auto TP/SL **What it does:** Immediate market buy with preset targets * **Take Profit:** Previous bar's Open/Close (whichever is higher) * **Stop Loss:** Previous bar's Low minus your offset setting * Button disabled if TP/SL would be invalid * **When to use:** Quick scalps with defined risk in choppy markets #### 🔴 **Scalp Sell** - Instant Short with Auto TP/SL **What it does:** Immediate market sell with preset targets * **Take Profit:** Previous bar's Open/Close (whichever is lower) * **Stop Loss:** Previous bar's High plus your offset setting * Button disabled if TP/SL would be invalid * **When to use:** Quick scalps with defined risk in choppy markets *** ### 🛠️ CONTROL BUTTONS #### ⚫ **Cancel** * Cancels any waiting orders that haven't filled yet * Resets all button states * Use when market conditions change #### ⚫ **Close** * Immediately exits your position at market price * Works for both ATM and scalp trades * Emergency exit button #### ⚫ **Breakeven** * Moves your stop loss to entry price * Only works when you're at least 1 tick in profit * Protects profits and eliminates risk *** ### Visual Feedback ``` ``` ### Pro Tips ✅ **Always select an ATM strategy first** - buttons won't work without it ✅ **One order at a time** - clicking a new button cancels the previous waiting order ✅ **Watch the bottom right** - status messages appear there ✅ **Scalp buttons need valid prices** - they auto-disable when TP/SL would be invalid ✅ **Most buttons wait for bar close** - except Buy High, Sell Low, and EMA entries which trigger on price touch