Summary of "📊Trade Assist Prop Firm Plus TF Expert - Money Managment Tab #4"

The video tutorial focuses on the Money Management Tab (#4) within a trading platform, explaining key features and how to use them effectively for risk management and trade protection. The main financial strategies and tools discussed include:

Key Financial Strategies and Tools:

Break Even Section:
- Three modes to set break even conditions:
  - Point Value: Set a specific point threshold beyond the stop level for break even activation.
  - Balance Percentage: Set a percentage of the account balance; if profit exceeds this, stop-loss moves to entry.
  - Dollar Amount: Set a specific profit amount to trigger break even.
- Break even only activates if the price moves beyond the stop level and the specified threshold.
- Practical use involves adjusting values based on current price movement and stop levels.
Trailing Stop:
- Two parameters:
  - Trail Start: The point value at which Trailing Stop activates.
  - Trail Step: The incremental step size for moving the stop-loss level relative to price movements.
- The stop-loss moves automatically to protect profits but never moves lower than the initial stop-loss.
- The distance between the stop-loss and price level is half the trail step value.
- Helps lock in profits while allowing for price fluctuations.
Close Options:
- Close All: Instantly closes all executed trades on the chart with one click.
- Close Pending: Closes all pending orders with one click after setting a pending level.
- Break Even All: Moves stop-loss to entry point for all profitable trades exceeding the set break even level.
Account Protector Option:
- Opens a separate panel (details to be covered in later sections).
- Intended for advanced account protection features.

Step-by-Step Guide to Using Break Even and Trailing Stop:

Break Even Setup:
- Check the stop level for your trading symbol in the specification section.
- Choose a break even mode (point, percentage, or dollar amount).
- Enter the threshold value considering the stop level and current price movement.
- Click the break even option once the price surpasses the threshold to move stop-loss to entry.
Trailing Stop Setup:
- Set the trail start point (default 100 points or customized).
- Set the trail step value (e.g., 200 points).
- Activate Trailing Stop to allow automatic stop-loss adjustment.
- Monitor that stop-loss only moves in favor of profit and never reduces below the initial level.
Closing Trades:
- Use "Close All" to exit all trades quickly.
- Use "Close Pending" to cancel all pending orders.
- Use "Break Even All" to secure profits across multiple trades.

Presenters/Sources:

The tutorial is presented by the creator(s) of Trade Assist Prop Firm Plus TF Expert.

This summary captures the core money management techniques demonstrated, focusing on risk mitigation through break even and Trailing Stop features, as well as efficient trade management via closing options.