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
Select your ATM Strategy (required)
Set your position size in the quantity field
Choose "Market" from the Entry Order Type dropdown
Click a trading button - it turns dark gray while waiting
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
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