top of page

21_Auto Scalp Out Trades

mom.jpg

Auto Scalp Out


Overview: The 'Auto Scalp Out' feature in the OTS Trader bot automates the process of exiting positions based on the last entry to secure a pre-set X points per contract on each new entry price level. This functionality enhances trading efficiency by automatically placing exit orders for each entry, a specific number of points away, optimizing trading outcomes.


Operation:

  • Activation: Upon activation, the feature automatically submits exit orders for each entry to secure a pre-set number of points per contract.

  • Exit Orders: Exit orders are based on the last entry, ensuring that a predetermined number of points per contract is secured on each new entry price level.

  • Efficient Trading: The feature streamlines the process of securing gains or minimizing losses by automating exit orders for each entry, enhancing trading efficiency.

Key Features:

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

  • Real-Time Setting Adjustments: Setting inputs can be modified during a live trade, with the system automatically adjusting exit orders on the screen for hassle-free trading.

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


Settings:

  • Scalp-Out Setting: Determines whether the feature deactivates when going flat. If

unchecked, it will remain active for the next trade, providing flexibility for traders to choose between manual activation or continuous activation throughout trading sessions.

Conclusion: The 'Auto Scalp Out' feature enhances trading automation in the OTS Trader bot by automating exit orders based on the last entry, ensuring a predetermined number of points per contract is secured on each new entry price level. With flexible activation, real-time setting adjustments, and automated order cancellation, traders can streamline their trading process and optimize their trading strategies with ease.



bottom of page