The first step in creating your Playbook is to set your different trading rules according to your strategy and trading style. Define your playbook by setting Playbook Rules and Groups.
💡 Playbook Groups:
Group your rules into different categories according to your preference: By default you will see your rules categorized into three different groups:
Entry Criteria
What are some entry conditions for this playbook?
Ex: Gap Up above key levelExit Criteria
What are some exit triggers for this playbook?
Ex: Take Profit of 5 points hitMarket Conditions :
Any specific market conditions or behaviors?
Ex: SPY above XYX
Create your own Custom Group:
To create your own custom group, you can click the + Create New Group icon.
Title your New Group and hit CREATE.
💡 Define your Rule Criteria:
This is to indicate when to show this specific rule based on the trade outcome. Should this rule be displayed only when:
When trade is a winner
When trade is a loser
When trade is a breakeven
Always show this rule
💡 Assign trades to your Playbook and Review
Now it's time to review your trades and track whether you've been following the rules according to your playbook.
Click on a trade from the trade log, and check off how many rules were followed in the actual trade execution.
