Entry Details For Auto Trader Explained

The objective of this video is to show you how to set the entry requirements for the auto trader.

Key Steps:

1. Enter a trade every: This setting determines the frequency at which the auto trader should place a trade.
   • To enter a trade every day, select "day" and then click on any day.
   • To enter a trade on specific days (e.g., Monday, Wednesday, and Friday), select "day" and then click on the desired days.
   • To enter a trade once a week, select "week" and then specify the day of the week.
   • To enter a trade every two weeks or every month, select the respective option and proceed.
2. Enter a session: This setting determines the time of day when the trade should be entered.
   • Select the desired session:
     • "Any session" refers to the morning session, which is the first time the auto trader will pick up on the trade.
     • "Morning session" is from 8 a.m. to 11 a.m. Central Standard Time (market open).
     • "Lunch session" is from 11 a.m. to 1 p.m. (lunchtime).
     • "Afternoon session" is from 1 p.m. to 3 p.m.
3. Show advanced settings: Use this option only if necessary. It includes additional settings like entering trades on red days.
   • If you want to enter a trade when the stock is red on that day, click on "enabled."
   • Set the session to "afternoon session" to ensure the entire day is red, not just the morning.
   • If you want the auto trader to enter the trade only once a week, select "Friday" in the afternoon session.
4. Minimum required credit per trade: Use this setting if there is a specific credit target for the trade.
   • Enter the desired credit amount (e.g., $1) to ensure the trade meets the minimum credit requirement.
5. Minimum required profit per trade: Use this setting if there is a specific profit target for the trade.
   • Enter the desired profit amount (e.g., $1000) to ensure the trade meets the minimum profit requirement.
   • Note: This is based on the maximum profit potential of the trade, not the take profit.
6. Enable trade view webhook: Use this option if advanced entries and exit settings are required.
   • Enable this setting to use trade view webhooks.
   • Refer to a specific video for detailed instructions on enabling trade view webhooks.

Cautionary Notes:

• Ensure that the settings are accurately configured to align with the desired trading strategy.
• Double-check the selected days, sessions, and other parameters before proceeding.
• Be cautious when using advanced settings, as they may require additional knowledge and expertise.

Tips for Efficiency:

• Use the "Enter a trade every" setting to specify the desired trading frequency.
• Select the appropriate session in the "Enter a session" setting to determine the time of day for trade entry.
• Only enable advanced settings if necessary and ensure they are properly configured.
• Set minimum required credit and profit per trade to meet specific targets.
• Enable trade view webhooks if advanced entries and exit settings are required.

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