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Create a playbook

Write down a setup as a named playbook with its entry and exit criteria, so VEXA can tell you later whether that setup actually makes money.

WebiPadAndroid tablet Updated

What this does

A playbook is one of your setups, written down. It has a name, the criteria you need to see before you take it, the criteria you need to see before you get out, and the market conditions it works in.

Once trades are assigned to it, VEXA reports what that setup is worth: its expectancy, its profit factor, and the times of day it works best.

Playbooks, each with its own rules and results — Web
Playbooks, each with its own rules and results
Playbooks, each with its own rules and results — iPad
Playbooks, each with its own rules and results

Before you start

Playbooks need an Edge or Pro plan.

Write the criteria as things you can tick. Every criterion becomes a checkbox on each trade you assign, so “Price breaks above VWAP” is useful and “good setup” is not.

A Favorites playbook already exists. VEXA creates it for every account the first time you open the Playbooks page. It is the playbook the heart button on a trade writes to, and it deliberately has no criteria.

Steps

  1. Open Playbooks in the sidebar.
  2. Click Create Playbook.
  3. Give it a Name, for example Opening Range Breakout.
  4. Add a short Description.
  5. Pick a Color and an Icon so it is recognisable in charts and lists.
  6. Add your Entry Criteria one line at a time, for example Price breaks above VWAP.
  7. Add your Exit Criteria, for example 2:1 risk/reward reached.
  8. Add the Market Conditions it needs, for example SPY trending upward.
  9. Save. The playbook appears in the All Playbooks table with no trades against it yet.
  1. Tap Playbooks in the sidebar.
  2. Start a new playbook.
  3. Fill in the name, description, colour and icon.
  4. Add your entry criteria, exit criteria and market conditions, one line at a time.
  5. Save.
  1. Tap Playbooks in the sidebar.
  2. Start a new playbook to open the form.
  3. Fill in Playbook Name and Description, then pick a colour and an emoji.
  4. Add rows to Entry Criteria, Exit Criteria and Market Conditions. Each list has its own add and remove controls.
  5. Save.

How many playbooks to make

Fewer than you think. A playbook is only useful once it has enough trades in it to say something, and splitting one setup across four near-identical playbooks means four samples too small to read.

Start with the two or three setups you actually trade. Add more when a real distinction appears.

Editing and deleting

Editing a playbook changes its criteria from now on. Trades already assigned keep their ticked criteria as they were.

Deleting a playbook asks you to confirm, and the dialog says exactly what happens: every trade is unassigned from the playbook, and the action cannot be undone. The trades themselves are never deleted.

What you should see

The new playbook in the All Playbooks table with zero trades, no P&L and no win rate. Its numbers fill in as you assign trades. See Assign trades to a playbook.

If it doesn’t work

There is no Playbooks screen on your phone. That is correct. Creation is web and tablet only.

A criterion will not add. Each criterion is its own row. Use the add control for a new line rather than typing everything into one field.

A new playbook shows no stats. It has no trades yet. Assign some.

Related

Assign trades to a playbook Put a trade in a playbook from the trade page, tick which of its criteria you actually met, and understand the automatic Favorites playbook. Read playbook performance What expectancy, profit factor and best performing time mean on a playbook, how each one is calculated, and what deleting a playbook does to its trades. Tag a trade Label a trade with the setup you traded, the mistake you made and how you felt, then find those trades again from the filters and the Metrics widgets.

Still stuck? Email support@vexatrade.ai.