Summary of "馃搳 Trade Assist Prop Firm Plus TF Expert - TFlab - Volume Tab #05"
Summary of Financial Strategies and Tools Presented
The video focuses on the Account Protector panel within the Trade Assist Prop Firm Plus TF Expert tool, designed to help prop traders enforce trading discipline and manage risk by setting various trade restrictions. This panel is accessed via the Money Management tab and contains seven tabs, with the video specifically explaining the Volume tab.
Main Financial Strategies and Risk Management Features:
- Trade Volume Restrictions:
- Set a maximum trade entry size (default 0.1 lot).
- Set a maximum total trade entry volume allowed per day (default 1 lot).
- Set a maximum trade execution volume allowed per week.
- Trade Frequency Limits:
- Limit the maximum number of trades allowed per day.
- Limit the maximum number of trades allowed per week.
- Consecutive Outcomes Limits:
- Limit the maximum number of consecutive losses allowed per day.
- Limit the maximum number of consecutive profits allowed per day.
- Limit the maximum number of consecutive losses allowed per week.
- Limit the maximum number of consecutive profits allowed per week.
How the Restrictions Work:
- If a trader tries to execute a trade that violates any set restriction (e.g., exceeding volume limits, number of trades, or consecutive loss/win limits), the Expert Advisor (EA) will block the trade and display a warning message explaining the violation.
- Traders can adjust these limits to suit their risk tolerance and trading plan.
- This system helps prevent emotional trading behaviors such as revenge trading or overtrading after losses or wins.
Step-by-Step Guide to Using the Volume tab in the Account Protector panel
- Open the Money Management tab from the main panel.
- Click on AP (Account Protector) to open the Account Protector panel.
- Navigate to the Volume tab.
- Set the following restrictions as needed:
- Maximum trade entry size.
- Maximum total trade entry volume per day.
- Maximum number of daily trades.
- Maximum consecutive losses per day.
- Maximum consecutive profits per day.
- Maximum total trade volume per week.
- Maximum number of trades per week.
- Maximum consecutive losses per week.
- Maximum consecutive profits per week.
- Test the restrictions by attempting trades that exceed the limits to confirm the EA blocks them and displays warnings.
- Adjust the limits as necessary to align with your trading plan and risk management strategy.
Presenters / Sources
- The video is presented by the creators or hosts of Trade Assist Prop Firm Plus TF Expert - TFlab.
- No individual presenter names were mentioned in the subtitles.
Category
Business and Finance