How To Require Email Approval Before Your Auto Trader Enters A Trade

If you prefer to manually approve each trade before it is placed, Options Auto Trader offers an email approval safeguard. This feature allows you to review and approve or decline a trade via email before the auto trader executes it. In this article, we'll walk you through how to enable the email approval safeguard and manage trade approvals.

Step 1: Enable Email Approval Safeguard When Creating an Auto Trader

To require email approval before a trade is entered, you need to enable the safeguard when creating or editing your auto trader:

1. Log into your Options Auto Trader account.
2. Navigate to the Auto Trader page.
3. Click Create New Auto Trader or select an existing auto trader to edit by clicking the gear icon in the top right corner of the page.
4. In the settings menu, look for the Email Approval Safeguard option.
5. Set the Email Approval Safeguard to True by selecting the checkbox.

By enabling this feature, the system will send you an email each time the auto trader is about to place a trade, requiring you to approve it within a specific time frame.

Step 2: How the Email Approval Process Works

Once the email approval safeguard is enabled, here’s what happens when a new trade is about to be placed:

1. You will receive an email notification with details about the trade.
2. The email will contain an approval link that you must click to approve the trade.
3. This approval link is only valid for 1 hour. If the trade is not approved within this time frame, the trade will not be placed.

Make sure to check your email promptly to ensure you don’t miss any trade approvals.

Step 3: Approving or Declining a Trade

Once you receive the trade approval email, you can take the following actions:

1. Approve the Trade: Click the approval link in the email, and the auto trader will proceed with executing the trade.
2. Decline the Trade: If you don’t want the trade to be placed, simply ignore the email, and the trade will not be executed after the 1-hour approval window expires.

If you change your mind after declining a trade, you will need to wait for the next trade opportunity, as the approval window is specific to each trade.

Step 4: Editing an Existing Auto Trader to Require Email Approval

If you already have an auto trader set up but want to add the email approval safeguard:

1. Go to the Auto Trader page in your account.
2. Click the gear icon next to the auto trader you want to edit.
3. In the settings, locate the Email Approval Safeguard option.
4. Set it to True to enable email approvals for this auto trader.
5. Save your changes.

Now, your auto trader will send you an email approval request before entering any new trades.

Step 5: Monitoring Trade Approvals

To stay on top of your trade approvals, make sure you:

• Regularly check your email for approval requests.
• Approve or decline trades within the 1-hour time frame to ensure that the auto trader can execute trades according to your preferences.

If you miss an approval, the auto trader will simply skip that trade and wait for the next trade setup.

Step 6: Disabling Email Approval Safeguard

If you decide that you no longer want to manually approve trades, you can disable the email approval safeguard:

1. Go to the Auto Trader page.
2. Click the gear icon to edit the auto trader.
3. Uncheck the Email Approval Safeguard option to disable it.
4. Save your changes.

Once disabled, the auto trader will resume placing trades automatically without requiring your email approval.

Conclusion

Requiring email approval before your auto trader enters a trade gives you more control and peace of mind, allowing you to review and approve each trade before it’s executed. By following the steps outlined in this guide, you can easily set up and manage the email approval safeguard in Options Auto Trader.

If you need any assistance or have questions, don’t hesitate to contact our support team.