Enter A Trade Frequency Explained

In Options Auto Trader, setting the trade frequency allows you to control how often your auto trader enters new trades. You can customize this to match your trading strategy, whether you want trades to happen daily, weekly, biweekly, or monthly. This article explains how to set the frequency and how it affects your trading automation.

Step 1: Understanding Trade Frequency

The trade frequency feature determines how often your auto trader places new trades. You have four options for setting the frequency:

• Daily: A new trade will be entered every day that meets your entry criteria.
• Once a Week: The auto trader will place a trade once per week.
• Every Other Week: A new trade will be placed once every two weeks.
• Once a Month: The auto trader will enter a new trade once a month.

The frequency is based on the entry date of the most recent trade that the auto trader is tracking.

Example:

If you have set your frequency to Once a Week and your auto trader enters a trade on Monday, the next trade will not be entered until at least the following Monday.

Step 2: How to Set Trade Frequency

To set the trade frequency for your auto trader:

1. Log into your Options Auto Trader account.
2. Go to the Auto Trader Settings for the bot you want to configure.
3. Scroll to the Trade Frequency section.
4. Select your preferred frequency from the drop-down options:
   • Daily
   • Once a Week
   • Every Other Week
   • Once a Month
5. Save your settings.

Your auto trader will now enter trades according to the frequency you selected.

Step 3: How Frequency Affects Trade Entry

The frequency setting works in conjunction with other entry criteria you have set, such as the day of the week or specific entry times. However, the frequency is always based on the entry date of the most recent trade. This means that if the auto trader enters a trade, the next one will be scheduled according to the frequency you’ve set, starting from the last trade's entry date.

Example for "Every Other Week" Frequency:

• If your auto trader enters a trade on Monday, October 1st, it will not place the next trade until Monday, October 15th, regardless of other day or time criteria.

Step 4: Combining Frequency with Other Rules

While the trade frequency controls how often trades are placed, other rules, such as entry time or red days only, can also affect when the trade is executed. The frequency setting ensures that a new trade will only be placed after the set time interval has passed since the last trade.

Example:

• If you set your frequency to Once a Week and your auto trader enters a trade on Monday, it will not place another trade until the next Monday, even if other entry criteria (like entry on red days) are met before then.

Step 5: Monitoring Trade Frequency

Once your trade frequency is set, you can monitor how your auto trader is executing trades based on this rule:

1. Check your Dashboard to see when the most recent trade was placed.
2. Ensure the next trade aligns with the frequency settings you’ve configured.

If you notice that the auto trader is not placing trades as expected, you can adjust the frequency or check your other entry settings to make sure everything is aligned with your trading strategy.

Conclusion

The Enter A Trade Frequency feature in Options Auto Trader allows you to control how often your bot enters new trades, providing flexibility in managing your trading strategy. Whether you prefer daily trades or want to space them out weekly, biweekly, or monthly, this setting ensures that your trading activity matches your preferred frequency.

If you have any questions or need further assistance, feel free to reach out to our support team for help.