General description of the feature:
The Auto-Trading feature (hereinafter AT) allows the system to automatically repeat a previously opened transaction while preserving the initiated parameters (direction, amount, multiplier, Take Profit level, and other parameters). The trade is re-opened only if the initial trade is closed by a Take Profit order.
To launch the AT feature, you need to read the disclaimer and agree to its terms. You can read the disclaimer by following the link.
How the feature works:
With AT enabled, if a trade reaches the Take Profit level you set and is closed by a Take Profit order, the system automatically opens a new trade for the same instrument, in the same direction, with the same parameters at the current available price.
If a trade reaches a loss and is closed using the Stop Loss level, Stop Out, or manually, regardless of whether the results are positive or negative, AT is disabled.
If you change the parameters of an open transaction (multiplier, take profit, stop loss, auto increase), the system will not take them into account when opening a new transaction. Re-opening will be carried out only according to the initiated starting parameters. To open a trade with updated parameters, you need to disable AT for the open position and start a new trade with AT with the desired settings.
You can disable AT in the open trade editor.
If you do not set a Take Profit, AT is not activated.
If you disable Take Profit in an open transaction, AT is deactivated.
When you enable AT, the following default trade parameters are set:
Auto-increase feature: enabled
Take Profit: according to the basic platform settings (usually 30%, but may be different depending on the instrument and trading conditions)
Transaction volume: 2% of the free deposit, but not less than the minimum allowable amount for opening a position
Multiplier: the maximum allowed for the selected instrument
You have the opportunity to change the default parameters before opening a transaction. In this case, a prerequisite will be to set the Take Profit level.
Launching an AT is not the fact of initiating a transaction; to directly open a transaction with AT, you must click the Start Auto-Trading button.
An example of the feature and the basic logic of how it works:
You open a trade on EUR/USD with the following parameters:
Direction: Buy
Investment amount: $100
Multiplier: 300
Take Profit: $30
Stop Loss: $30
The market experiences an uptrend. After closing a trade via Take Profit, the next trade is automatically opened until either a Stop Loss or Stop Out is triggered, or the trade is closed manually.
In this example, using AT, 6 trades were opened automatically, 5 of which were profitable, and the last one trade was unprofitable. Thanks to this feature, the income was $150 instead of $30 if AT had not been used. The most favourable market situation for using AT is a strong trend without deep corrections. In such a scenario, you can make a series of profitable trades before the market changes direction, and your trade is closed by Stop Loss or Stop Out and AT is turned off.
NON STOP TRADING (NST)
The NST function is an additional option when using AT and allows the system to automatically re-open a trade if it is closed not only by Take profit, but also by Stop loss.
Example:
You open a trade on EUR/USD with the following parameters:
direction: buy,
investment amount $100,
multiplier 300,
take profit $30,
stop loss $30.
The market is moving according to an uptrend scenario with deep corrections, which activate both take profit and stop loss orders. The system automatically opens the following transactions until the NST, AT function is disabled or the transaction is closed manually.
In this example, using NST, 7 trades were opened automatically, 6 of which were profitable, and only 2 unprofitable. After this, trading was stopped manually. Thanks to the NST function, the income was $120 instead of $30 if only AT was used, which would have been turned off after receiving a stop loss in the 3rd trade. The NST function can be used during a trend itself if you want to stay in the market after deep corrections and make the most of the price movement. The number of profitable trades on NST may be greater than on AT, but you need to monitor the market and turn off NST if the market situation changes and the trend you were following ends.
Using the AT and NST feature in conjunction with the auto-increase feature.
You can use AT with the auto-increase feature, which allows you to hold a position if the market moves in the opposite direction. With the AT feature, you will be able to set a Stop Loss above the level of the initiated transaction in order to limit the maximum risks. Since the auto-increase feature provides for adding 50% when a drawdown of 50% is reached, your final investment amount will be greater than the initial amount. You can read more about the auto-increase feature here.
Example: You invest $100 with the auto-increase feature, and the market begins to move against the open position. In this case, each time you reach a drawdown, your investment amount will increase according to the following formula: $100 + 50% ($50) = $150 + 50% ($75) = $225 + 50% ($112.50) = $337.50, and so on, using all available capital. In order to limit the maximum risks for you, we have added the ability to set a Stop Loss greater than the initial investment amount (but less than the available deposit) when using the auto-increase capital feature. If you invest $100 using the AT, NST and auto-increase features, you can set a Stop Loss at any level, e.g., $200 or $300. Upon reaching this, the trade will be closed with a loss, and in the case of NST, a new trade will be opened with an initial investment amount of $100.
Disabling AT on an open transaction.
To stop AT on an open trade, you need to go to the 'Open trades' section and select the open trade editor (three dots). Select the Turn off Auto-Trading item in the menu that opens.
The NST function is closed in a similar manner.
Important! Disabling AT does not close the running trade. It only stops the automatic re-opening of a new trade. The old transaction will be closed according to the standard rules of the platform, namely if the Take Profit, Stop Loss, or Stop Out level is reached or upon manual closure.
Disabling AT when trading conditions change.
Changing trading conditions on an instrument (for example, reducing the maximum multiplier during periods of high volatility or low liquidity, as well as switching trading to close-only mode) will disable AT and NST if the available multiplier at the time of the planned opening of a transaction is less than what you initially set.
Example: You invest $100 with a multiplier of x300 and a Take Profit of $30. When important economic news is released, the transaction closes with a profit, but due to high volatility, the maximum multiplier changes to x200. In this scenario, the system will not be able to open a trade with a x300 multiplier and will disable AT. To continue trading, you will need to open a new trade with an available multiplier.