Playbook

Build, test and trade a strategy with no code

Playbook lets you build a trading strategy from plain steps, test it on past candles with your costs, let Mentor tune it, and choose what happens when it fires: an alert, a trade plan, a paper trade or a live trade on your broker account inside guardrails you set.

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From idea to tested strategy in minutes

1

Build

Pick plain steps from menus. No code, no scripts, nothing to install.

2

Test

Run it on past candles with your costs taken off every trade, in seconds.

3

Tune

Mentor tries dozens of changes and keeps only the ones that held up.

4

Trade it

Alert, plan, paper trade, or a live trade inside your guardrails.

possible strategies19 quintillion+
conditions in one play12
timeframes, 1m to weekly12
patterns to build with146

Build it in plain steps

A strategy in Playbook is called a play. Each step is a sentence you pick from menus, such as "RSI 14 is above 50" or "price closes above the ceiling". Steps can all have to be true at once, or happen in order, each waiting for the one before. More than 19 quintillion combinations, more than the grains of sand on Earth.

Any indicator

All 134 indicators with your own settings, on any of 12 timeframes.

Any pattern

Any of the 146 candlestick, price action, chart and harmonic patterns.

Levels and breakouts

Pivots, the previous high and low, VWAP, average range levels, breakouts and divergences.

In order or all at once

Steps can wait for each other, each within so many candles of the last.

When it fires, you choose what happens

An alert

On screen, by email or as a push to your phone, plus a heads-up when it is one step away.

A trade plan

The entry, stop and target drawn on the chart, with the distances in points.

A paper trade

Run it with pretend money to watch how it behaves on today's market before you commit.

A live trade

Placed on your linked broker account, inside guardrails you set. Switched on per play, off whenever you like.

Mentor tunes it for you

When the backtest is done, ask Mentor to tune it. Mentor reruns your play with dozens of single changes on the same candles, such as skipping an hour that lost money, a wider stop or only trading with the trend.

A change is only kept if it beat your play in the first half of the history and again in the second half, and still did better with extra slippage added to every trade. Then Mentor stacks the changes that held up into its best version.

A change only counts if it held up in both halves of the history and with extra slippage on every trade.

Everything a backtest should tell you

The account over time

Your balance trade by trade, with every drawdown: how far it fell from its best before climbing back.

Best hours and days

Which hours and days made or lost money. Click one to test without it.

Prop firm check

Type a challenge's rules and see whether the play would have passed.

Every trade

When it got in and out, at what price, and why it ended.

Watch it play back

Replay the trades on the chart, candle by candle.

Report and spreadsheet

A full report to print or save, and every trade as a spreadsheet.

Plan the trade before you take it

Every play hands you a ready trade plan, and every plan gets a score out of 100 with the reasons for and against. See it on the trade planner.

Gold5 minutes
Drag the entry, stop and targets onto the chart
Show in
MentorGold, this candle
What it is
A buy setup: price held the floor and the 1 hour is up.
Where it is
Entry 4,014.0, just above the 4,012.0 floor.
How to trade it
Buy the hold, stop under 3,999.0, first target in front of R1.
What proves it wrong
A 5 minute close below 3,999.0.
Risk Size 0.10 lotsReward to risk 2 : 1
50
Thin buy4 for, 1 againstTrade score out of 100
  • +12Bigger timeframe agrees: the 1 hour is up
  • +10Pressure backs buyers: 61% of the last minute
  • +6The readings lean your way: 9 up, 3 down
  • +10Measured odds: 58% of past 2R tries here reached the target first
  • −6A level sits between entry and target 1: R1 at 4,046.0
How this usually goes wrong

R1 at 4,046.0 sits before target 1, and price often turns there. Take target 1 just in front of it, at 4,044.0.

Move target 1Fixed: score up 6
Reached before the stop, on this chart
Reached
71%
Reached
58%
Reached
39%

Exits the way traders really manage them

  • Stops in points, as a multiple of ATR, or on the play's own line
  • Targets as a multiple of the stop, or in points
  • Trailing stops on ATR, on points, or riding an indicator such as Supertrend or Parabolic SAR
  • Your costs taken off every trade, so the result is honest

Live trading, on your terms

Live trading only happens on a play where you switch it on, and only inside the guardrails you set for it. You can switch it off at any time, and you remain responsible for every trade. Read the risk warning before you use it.

Questions traders ask

Do I need to code to build a strategy?

No. Every step in Playbook is a plain sentence picked from menus. There is no code and no scripting language to learn.

Can Playbook place trades for me?

Yes, if you switch live trading on for a play. It then places trades on your linked broker account, inside guardrails you set, and you can switch it off at any time.

What does Mentor's Tune do?

It reruns your play with dozens of single changes and keeps only those that did better in both halves of the history and with extra slippage. It then combines the best ones into a tuned version.

Does a good backtest mean the strategy will make money?

No. A backtest shows what a play did on past candles, not what it will do. Test over a long history, include your costs, and start with alerts or paper trading before trading live.

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