This guide will walk you through the simple process of editing your Autotrader settings. You’ll learn how to adjust key features like take profit percentage, stop-loss, and hedges, as well as manage your trade details, safeguards, and other settings for a customized trading experience.
Step 1. Go to the Autotrader Tab
Navigate to the Autotrader tab or click the middle button for the Autotrader you want to edit.
Step 2. Select the Autotrader to Edit
Click on the specific Autotrader you wish to edit. This will open the details for that Autotrader.
Step 3. Click the Gear Icon
In the top right corner, click the gear icon to view and edit the settings for your Autotrader.
Step 4. Review the Settings
You'll see an overview of your trade, including details like symbols, expiration date, Delta, entry details, management, safeguards, and bulk tasks.
Step 5. Edit Settings
If you want to change settings such as take profit percentage, stop-loss, or hedges, simply update them in the appropriate fields.
Step 6. Save Changes
After making the desired changes, scroll down and click "Save and Close" to finalize your edits.
Cautionary Notes:
Double-check settings: Always review your changes carefully to ensure that they reflect your intended strategy. Incorrect settings may lead to unintended trades or losses.
Avoid over-leveraging: Setting too high of a take profit or stop-loss percentage could cause excessive risk or missed opportunities.
Be mindful of market conditions: Ensure that your settings are adjusted based on current market volatility, as strategies may need to be adjusted in response to significant market movements.
Tips for Efficiency:
Save settings frequently: After making changes to your settings, remember to save them immediately to avoid losing any updates.
Keep an eye on your safeguards: Regularly review and adjust your safeguards to ensure that they align with your risk tolerance and market conditions.
Test small changes: If you're unsure about a setting, make minor adjustments first and monitor how it impacts your trades before making larger changes.
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.