Automate your trading system with FXTradeSure FOREX trading software
What do we do after we enter our trades? Most of us will stare in-front our computers and watch the trades. In each price movement, we may decide to take action. We may cut short our profit or move our stop loss or just do nothing...
Our action could be quite haphazard and in the end we may not be too happy with what we did to our trades.
Why don’t we plan our trades before we enter the trades? We can plan beforehand on how we want to manage our trades.
Do we want to set multiple target profits? How many Pips will be our first Target Profit? What do we want to do after we hit our first target profit? Do we move our Stop Loss so we reduce our risk while we let our trade goes for higher profit?
All this we can plan in advance. Once we have the plan we can execute them according to our plan. This is beneficial as our decision is not prompted by price movement and influenced by our emotions (fear or greed).
We now have FOREX trading software that we can set-up to execute our trades according to our plan (it is not a robot, so you still do the analysis of trade decision to buy or sell, the target profit and stop loss).
So, with this, we don’t need to stare in front of computer to watch and adjust our trades. We set up our trading tool according to our trading plans and the tool will execute them.
Money Management - Position Sizing
FXTradesure FOREX trading tools software not only help to manage our trades, but it also has a very important feature which is [money management]. How do we trade with consistent risk amount each time for various currency pairs and with different Stop Loss sizes?
We can calculate the right amount of lot size given the risk amount and Stop Loss size for a particular currency pair. This is called "position sizing". The size of trade is calculated to a given risk amount.
The FOREX trading software calculates automatically right lot size to trade based on the risk amount given, stop loss size and currency market price. So, this will eliminate the manual calculation and errors and increase the speed and efficiency we execute our trades.
Automated Order Closing
Do you want to close your trades at particular time, especially before the major economic news release? As major news release (such as non-farm payroll) may yield huge and unpredicted currency movements, so it is safer to close our trade position before the major news release.
But what happens if the news release is at odd hour where it is not convenient or possible for you to be in front of your computer to manually close the trade?
FOREX trading software has the CLOSE TRADE feature that you can define at what date and hour to close the trade. It will automatically close the trade for you.
Trade and Order Management
You can choose FXTRADESURE trading tools with [right type of trade management] - Scale-in, Scale-out or Straddle Pending Order.
"Scale-in trade management" allows you to define your trade plan to automatically add to your position once the trade is profitable in given number of pips. You can define when to add in to position with second portion of your trade.
This is suitable for example if you trade trending strategy and will add to your position only after the trend direction is confirmed (profitable trade). This scale-in trade management plan can reduce your risk and your losses if your initial trend decision direction is wrong.
"Scale-out trade management" allows you to scale out and lock-in some profits when your trade is profitable. With this, some profit is secured and you reduce your risk while you can still let portion of your trades to go for higher target profits.
You can use Scale-Out trade management to match your trading strategy to better manage your live trades. FOREX trading software will automatically close to lock in some profits as you define them. You can flexibly define what percentage or portion of your trades to lock in the profits and what percentage or portions to go for higher target profits.
"Straddle Pending Order management" tool opens two pending STOP Buy and STOP Sell orders and automatically close the other pending STOP order when one of the STOP order is converted to market order (when market price has reached to the defined pending STOP order).
Straddle Pending order tool can be used for Straddle trading strategy such as when we trade break-out from low volatility or when we trade news release. Straddle Order is likely needed to be executed in quick time such as when trading news release. If this is done manually, then likely mistakes can be made to execute the order, as there will be two pending stop orders (STOP BUY, STOP SELL) with target profits and stop losses to be set. And, you also need to watch the market to cancel the opposite pending order when one of the pending orders is converted to market order.
With FXTRADESURE FOREX trading software, you just need to define the upper price (for BUY STOP) and lower price (for SELL STOP) and the tool will execute the pending orders and cancel the opposite pending order once one of the pending order is converted to market order.
FXTradesure FOREX trading software screenshots:
FXTRADESURE Trade Management trading tool features list:
BUY all 3 tools above as one package offer for only USD 79 (with User Guides included).
The software is compiled/licensed to your name; it will be delivered through email within 3 working days.
The purchase is done securely through ClickBank.
[CLICK HERE TO PURCHASE]
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