The Ultimate Trade Assistant is a powerful trading tool designed to simplify and automate the trading process. With over 50 features, this advanced order manager offers everything a trader needs to optimize efficiency and reduce manual effort. Whether you’re a beginner or a seasoned trader, this tool can enhance your trading performance by automating key operations and streamlining risk management.
In this guide, we’ll explore the Ultimate Trade Assistant’s core functionalities, from position management to risk control, and explain how it can transform your trading experience.
Table of Contents
- Trade Features of the Ultimate Trade Assistant
- Core Trading Features
- Advanced Position Management
- General Closure Functionality
- OCO (One Cancels the Other) Orders
- Risk Management and Trading Reports
- Task Automation
- Partial Closing Functionality
- Trailing Stop and Breakeven Features
- Other Features of the Order Manager
- Conclusion
Trade Features of the Ultimate Trade Assistant
Core Trading Features
The Ultimate Trade Assistant allows traders to perform essential trading actions with ease:
- One-Click Open and Close Orders: Execute pending orders, grid orders, and positions with a single click. You can also reverse or lock positions, or perform partial closures as needed.
- Universal Take Profit (TP) and Stop Loss (SL): Set a common TP and SL level for all your positions, simplifying your risk management process.
- Breakeven Stop Loss: Automatically adjust your SL to the breakeven point to minimize potential losses.
- Grid Trading Support: Open multiple orders at once, with the volume distributed across the grid for balanced exposure.
- Visual Trading Levels: View future order levels directly on the chart to make more informed trading decisions.
Advanced Position Management
This feature-packed tool offers advanced position management options:
- Automatic Risk Calculation: Pre-calculate trade volume based on your preferred risk levels before executing orders.
- Spread Limit: Set a maximum spread for executing trades, safeguarding your account during periods of market volatility.
- Trailing Pending Orders & Virtual TP/SL: Use trailing stops and virtual TP/SL to manage trades dynamically in fluctuating market conditions.
- Order Expiration Dates: Set expiration dates on pending orders to automate your exit strategies.
General Closure Functionality
For more comprehensive trade management, the Ultimate Trade Assistant provides options for closing positions:
- Close All Positions: Automatically close all open trades when the total account profit or loss reaches a predefined level.
- Selective Closure: Choose to close all positions, only BUY or SELL positions, or certain types of orders based on your strategy.
OCO (One Cancels the Other) Orders
This powerful feature allows traders to set two pending orders, with one automatically canceled when the other is triggered. OCO functionality is ideal for traders looking to hedge their positions or avoid overexposure.
Risk Management and Trading Reports
Risk management is key to successful trading, and the Ultimate Trade Assistant delivers:
- Trade History Display: Visualize your trading history directly on the chart, and filter by trade types for easier analysis.
- Custom Trading Reports: Generate detailed reports for specific symbols or your entire trading activity.
- Profit/Loss Limits: Set daily, weekly, or monthly profit and loss thresholds to maintain control over your account.
- Alerts and Notifications: Receive instant notifications when your set limits are reached, allowing for automatic trade closures or platform shutdowns to safeguard your account.
Task Automation
The Ultimate Trade Assistant excels in automating trading tasks:
- Task Activation Triggers: Automatically open or close positions based on time, price levels, or task completion.
- Multifunctional Task Management: Automate any order or position closure, eliminating the need for constant monitoring.
Partial Closing Functionality
Easily manage your profits with partial closures:
- Custom Partial Closing Levels: Set predefined levels for partial closures based on fixed lot sizes, percentages of the current lot, or percentages of the initial lot. Automatically take profits as the market moves in your favor.
Trailing Stop and Breakeven Features
- Six Trailing Stop Options: Choose from six trailing stop algorithms to adjust your stop loss as your trade moves into profit.
- Virtual Breakeven Levels: Set an unlimited number of virtual breakeven levels, offering ultimate flexibility in managing your positions.
Other Features of the Ultimate Trade Assistant
The tool also includes additional features to enhance your trading experience:
- GUI Settings: Customize the interface for ease of use.
- Alerts & Notifications: Stay informed with real-time notifications.
- Chart and Symbol Management: Manage multiple charts and symbols effortlessly.
- Info Panel: Get an overview of your trading activity in one convenient location.
Conclusion
The Ultimate Trade Assistant is the last order manager you’ll ever need. With its vast array of features and automation capabilities, it simplifies trading, enhances risk management, and improves efficiency. Whether you’re automating tasks, managing risk, or adjusting stop losses, this tool has everything you need to stay on top of your trading game.
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