ProfitSaver – How to Protect Yourself From Too Much Risk
ProfitSaver is a tool to help you protect yourself from taking too much risk. It is useful for all traders. It works best for TradingView users. It aims to prevent massive losses due to trading miscalculations, as well as help you make better, data-driven decisions.
There are different kinds of alerts and strategies, including limits to tell you when to stop investing and that you should call it a day, as well as to decrease your risk level once you’re gaining enough profits.
The app also helps you figure out the maximum profit loss that you can have without going in the red.
You can set the alerts on your chart and they will show up as a red line on the interface. For the alerts to work properly, you need to make sure that they are in the timeframe that you want. Also, ensure that you set your trading goals for a specific period, so the app can optimize its settings.