A tool mainly used with the built-in trading strategy where we trade TOWARDS our individually mathematically calculated target for each symbol. It's just so easy to get started using this trading tool, no matter which experience level you are on.
A semi-automated intraday strategy where you decide what instrument to trade. It then handles the risk, position, sl, and take-profit for you.
Instruments
You can trade it on any instrument, available on your account:
Currency
Index
Cryptocurrency
Entry Criterias
Use the Instrument Scanner, which is a separate tool that comes together with the Trade Spider. It analyzes all symbols, or selected ones, on your account and then filters out those that do not meet our trade criteria.
Take Profit
Take profit is calculated automatically by the Trade Spider, where we use a mathematical formula to our advantage.
Drawdown Limit
Each trade has a set risk before entering. So no surprises here.
Compounding
Trade volume (lot size) is based on account balance, so automatically, as your account grows, the trade volume increases, so you benefit from compounding.
Trade Panel
Easy settings for your convenience to enter trades based on the automatic stop loss and take profit, see "Automatic SL & TP" checkbox, making your trade adapt to the market before entering.
Input settings
There are some built-in indicators like ADR (Average Daily Range), and Pivot which are used for the trading strategy. Most other settings for each trade are set in the trading panel on your chart.
Trade Spider Scanner
For your convenience, this tool scans the markets for you, so you save time. It then shows you potential trades based on the trading strategy used with the Trade Spider EA.
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