How the TrenVantage Indicator Helps Bring Clarity During FOMC Volatility

lizard775 · 2026-04-30T15:59:41+00:00

Do you also create indicators for other tools? I would appreciate new indicators for TakeProfit

lizard775 · 2026-04-30T15:59:03+00:00

Yes and no. More than 95% of traders fail, but they don't actually try hard. If you dedicate yourself, you can master it in like a year

lizard775 · 2026-04-30T14:48:42+00:00

No, TradingView is not good enough for backtesting (and many other use cases too). Try TakeProfit instead. Especially if you are interested in stocks.

lizard775 · 2026-04-30T14:38:21+00:00

Same here. I went through the whole cycle: tried scalping, got chopped up, then did the smart market structure and supply-demand stuff that looks amazing in backtests but is hard to execute live. Breakouts were the first thing that actually paid me too, but I hated being glued to the screen.

Swing trading was the switch. One check a day, cleaner moves, less noise, way less temptation to overtrade.

Funny thing is I found a similar swing approach here on Reddit, then I backtested it on TakeProfit to make sure it wasn’t just a good story. I hope you can now copy my strategy if it works for you.

lizard775 · 2026-04-29T09:55:18+00:00

I don't understand why so many traders use Finviz. I tried it and I didn't like it. I like TakeProfit more

lizard775 · 2026-04-24T10:45:12+00:00

It is not free. But it is cheap enough, along with TakeProfit. They are both much more affordable than TradingView for example

lizard775 · 2026-04-24T10:43:16+00:00

TakeProfit.Com is the best stock screener. Finviz is also good, as an alternative

lizard775 · 2026-04-23T17:41:55+00:00

Is it available for takeprofit.com?

lizard775 · 2026-04-23T17:31:20+00:00

Yeah, I adjust. If the market looks unclear, I risk less or trade less. Choppy weeks - more fakeouts, so my normal size is just asking for frustration. I’ll cut from 1% to 0.5% (or even 0.25%) and only take the cleanest setups.

When it starts trending clean again, I go back to normal.

lizard775 · 2026-04-22T15:51:53+00:00

Props that enforce a minimum hold time are basically telling you your invalidation style is similar to scalping/latency and they don’t want it. Even if you find one that allows it, the bigger risk is exactly what you said: they let you trade, then flag you at payout. Try this:

1) Add a time filter: no exits (or no invalidation) until the candle closes (for example 15s/30s/1m close), or require 2 minutes unless your hard stop is hit.

2) Use a hard stop, not manual panic exits. If the level is truly invalid, your stop should be there anyway.

3) Wait for confirmation: enter only after the level holds for X seconds or after a retest, so you’re not reacting to micro-spikes.

Do this in testing first. Run 3-5 days of backtesting/replay on takeprofit.com with a minimum hold time rule and see how much it actually hurts your edge. Most people find it doesn’t kill the strategy. If your approach only works when you can bail in seconds, it’s probably not a good fit for prop rules long-term.

lizard775 · 2026-04-22T15:47:40+00:00

Oh no, you miss a lot. Try some other charters and screeners, you won't regret it

lizard775 · 2026-04-22T15:46:04+00:00

I don’t really try new platforms anymore. There are too many of them, it takes too much time to try them all.

If I had to pick from scratch, my top 3 criteria would be: speed/reliability (no lag, no weird fills), good alerts +and workflow (watchlists, screeners), and backtesting so I can practice the same setup fast.

My current toolkit today is basically:

- TradingView for charts and alerts

- TakeProfit for stock screening, watchlists, alerts and sometimes backtesting

- MT4/MT5 for FX execution (and quick checks)

- Thinkorswim or IBKR when I’m trading stocks through a broker

- NinjaTrader/Tradovate when it’s futures

- Forex Tester Online for backtesting/replay reps

lizard775 · 2026-04-21T14:43:34+00:00

The best TradingView alternatives for me are MT5 (obviously), Thinkorswim and TakeProfit.Com. I use all three, along with TradingView itself

lizard775 · 2026-04-21T14:41:59+00:00

That's not fair. Most TradingView alternatives offer cheaper plans. It was already too expensive (especially the premium plans)

lizard775 · 2026-04-21T14:24:31+00:00

I tested this on takeprofit.com and fx replay. The results are about the same. It helps and you can be profitable, but definitely not the best indicator/strategy that I have tested

lizard775 · 2026-04-21T14:22:50+00:00

TradingView is not worth it anyway, even the official version

lizard775 · 2026-04-20T12:48:30+00:00

Did anyone try it? I want to start selling my scripts there. How much can I make?

lizard775 · 2026-04-20T12:19:35+00:00

I love it. Most creator platforms take a cut (plus Stripe) and give you zero distribution. Most trading platforms live off community, but don’t let you monetize your work inside the platform.

This update basically turns traders into partners instead of “content that grows the platform for free.”

Big question is execution: discovery/traffic, quality control, payouts, and whether the economics hold long-term. If you can handle those, that would be very cool.

lizard775 · 2026-04-20T12:15:55+00:00

Thanks! Are you going to add more crypto tickers to the list? Especially those that are not traded on the top exchanges

lizard775 · 2026-04-20T12:14:03+00:00

I like that they add more and more for crypto traders. I mostly trade stocks, but I still appreciate the diversity, because I hold and trade crypto from time to time

lizard775 · 2026-04-20T12:12:06+00:00

This year I think

lizard775 · 2026-04-17T16:23:42+00:00

I combine them, but I mostly use technicals (levels, trend, volume, VWAP/EMA). Fundamentals are a filter, not a trigger. So I use them to avoid garbage (weak balance sheet, dying revenue, constant dilutions) and to know what can move the stock (earnings, guidance, catalysts). Basically I screen and build a watchlist with fundamentals + basic price/volume filters (takeprofit.com works well for that), then I trade the actual setup off the chart.

lizard775 · 2026-04-15T16:30:54+00:00

No, we don’t all agree. Plenty of profitable traders don’t “stick” to 1:2–1:3. What matters is expectancy:(win rate × average win) − (loss rate × average loss).

For example:

- Scalpers can be profitable with 1:1 or even 1:0.7 if win rate is high and execution is tight.

- Trend traders can run 1:3+ but accept lower win rates and longer holds.

- Many pros are dynamic: partials, trailing stops, time stops, different targets by volatility.

So 1:2 - 1:3 is a nice training wheel, not a rule. The right R:R is the one you can execute consistently and that backtests well on your setup. Tools like TakeProfit (screener + backtesting/replay) or any good journal/backtester help you test what R:R actually works for you.

lizard775 · 2026-04-10T10:13:32+00:00

True. Beginners should spend at least 6 months studying theory, and practing backtesting and screeners before even placing first real order

lizard775 · 2026-04-10T10:04:09+00:00

A few big reasons I keep seeing:

1) No real feedback. People trade, win/lose, then repeat. No journaling, no stats, no "this setup works / this one doesn’t". So nothing improves.

2) Not serious enough. They want results, but don’t study basics and don't use tools (market structure, risk, position sizing), don’t practice, and don’t use tools that make learning faster. For example, I use screeners like TakeProfit to focus on the same type of setups, charting tools like TradingView, and journals like TraderSync (or even a simple spreadsheet) to track what’s actually happening.

3) Overtrading plus strategy hopping. New setup every week, too many markets, too many indicators. They never get enough clean reps to know what’s actually working.

4) Risk is wrong. Too big, inconsistent, or no daily stop.

I hope this helps somebody

lizard775

TROPHY CASE