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20_Auto Exit Per Entry

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Auto Exit Per Entry


Overview: The 'Auto Exit Per Entry' feature in the OTS Trader bot automates the process of securing gains or minimizing losses by submitting exit orders based on the true average price. This functionality ensures a predetermined number of points per contract is secured, streamlining the trading process and optimizing outcomes.


Operation:

  • Activation: Upon activation, the feature automatically submits exit orders for the exact quantity of the initial trade at a specific number of points away from the true average price.

  • Exit Orders: Exit orders are placed to secure a pre-set X points per contract, enhancing trading efficiency and risk management.

  • Dynamic Adjustment: The system dynamically adjusts the exit quantity and price level based on changes in quantity or true average price, ensuring accuracy and alignment with trading objectives.

Key Features:

  • Dynamic Quantity and Price Adjustment: Automatic adjustment of exit quantity and price level based on changes in quantity or true average price.

  • Flexible Activation: Toggle the feature on and off as needed, with automatic submission of exit orders upon reactivation.

  • Real-Time Setting Adjustments: Users can modify setting inputs during a live trade, with the system automatically adjusting exit orders on the screen.

  • Automated Order Cancellation: Any remaining exit orders are automatically canceled when going flat in the market, providing convenience and efficiency.


Conclusion: The 'Auto Exit Per Entry' feature enhances trading automation in the OTS Trader bot by automating the process of securing gains or limiting losses based on the true average price. With dynamic adjustments, flexible activation, and automated order cancellation, traders can optimize their trading strategies and achieve better trading outcomes with ease.

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