Summary of 📈Trade Assist Prop Firm Plus TF Expert - Visual Tab and Visual Order #3
The video tutorial explains the use of the "Visual Order Mode" within a trading platform, focusing on how to manage trade entries, Stop-Loss, and Take-Profit levels visually to optimize risk-reward ratios and Trade Volume.
Main Financial Strategies and Market Analyses:
- Risk-Reward Management: Visual Order Mode helps traders set and adjust entry, Stop-Loss, and Take-Profit levels to clearly see potential profit and loss.
- Volume Determination: Trade Volume is set in the trade tab and reflected visually at the entry point, allowing better control over position sizing.
- Pending Orders Setup: The tool supports placing buy or sell Pending Orders with conditions on Stop-Loss and Take-Profit levels relative to the entry point, ensuring proper trade setup and risk management.
Step-by-Step Guide to Using Visual Order Mode:
- Enable Visual Order Mode to display three key levels on the chart:
- Gray Level: Entry point (movable on the chart).
- Red Level: Stop-Loss level (shows price and risk amount).
- Green Level: Take-Profit level (shows price and potential profit).
- Adjust the Stop-Loss and Take-Profit levels by dragging the red and green levels; the system recalculates profit, loss, and risk-reward ratio automatically based on set Trade Volume.
- Set Trade Volume in the trade tab’s volume determination section; volume is displayed at the entry point.
- Use the bottom section options to place Pending Orders:
- Buy Pending: Take-Profit must be above entry; Stop-Loss below entry.
- Sell Pending: Stop-Loss must be above entry; Take-Profit below entry.
- Incorrect setup of Stop-Loss and Take-Profit relative to the entry point deactivates the expert advisor and removes visual mode.
- View detailed level information (open pending, Stop-Loss, Take-Profit prices, and distances in points) in the lower section; these update dynamically when levels are moved.
Presenters/Sources:
The tutorial appears to be presented by the creators or representatives of "Trade Assist Prop Firm Plus TF Expert," as indicated by the video title and style. No individual presenter names are mentioned.
Category
Business and Finance