In this guide, you'll find step-by-step instructions on how to update your Auto Trader's buying power limit. It covers adjusting the limit by dollar amount or percentage, ensuring your bot has enough funds for additional trades.
Open the Auto Trader you wish to edit.
Click on the Auto Trader to select it.
In the top right corner, click on the gear icon to open the settings menu.
Navigate to the Account Safeguards tab, which is the fourth option on the list.
In the Buying Power Allocation section, you will see the current limit.
To increase the limit, adjust the number in the field to the desired amount.
You can either increase the limit by a specific dollar amount or choose to set it as a percentage of your account balance.
To set it as a percentage, click the toggle to switch to percentage mode, and enter the desired percentage (e.g., 20%).
After updating the buying power limit, scroll down and click Save and Close to apply your changes.
By following this guide, you can easily update your Auto Trader's buying power limit to ensure your bot has sufficient funds for new trades. Whether you adjust the limit by dollar amount or percentage, remember to monitor your trades and avoid over-leveraging for optimal performance. Regularly saving your progress ensures that all changes are successfully applied.
Ensure Sufficient Funds: Before increasing the buying power limit, verify that you have enough funds in your account to support the new limit.
Avoid Over-Leveraging: Increasing the buying power too much can lead to higher risk. Adjust the limit carefully based on your trading strategy.
Monitor Trade Activity: Keep an eye on the Auto Trader after updating the limit to ensure it’s performing as expected.
TERMS OF SERVICE: Please be aware that continued use of the Options Auto Trader is subject to our Terms Of Service. If you have any questions or wish to review these terms, feel free to visit the website.
