Track 'n Trade Autopilot Plug-in
In this Track 'n Trade Autopilot video, we're going to be discussing Time Restraints.
Time Restraints are used to specify a specific time when the Autopilot will and will not take trades. By specifying a Start time, you're telling the Track 'n Trade Autopilot to begin taking trades, at or after the specified time.
By specifying an end time, you're telling the Autopilot when to stop taking new trades. By selecting and specifying the days of the week, you're telling the Autopilot which days you will accept new trades.
*Remember: Just because you told the Autopilot not to accept new trades on a specific day or time, does not mean that the Autopilot stops trading.
The Autopilot will continue to manage all open trades, during these time frames.
The section labeled: Exit Ex-Price Bars Before Close, is where we specify when we want the Autopilot to actually close out our trades.
By specifying a number in this field, which can be Q-Calced to help the best determination. You're telling the Autopilot to calculate the best number of of Price Bars prior to the close, to exit the trade.
or example: If you were trading for a 5 minute chart, and you specified that you wanted to exit 5 Price Bars prior to the close of the market, you would be exiting the market 25 minutes prior to the close.
I want to make a special note, here for those of you using the Forex version.
*Although, Forex is traded 24 hours a day, it actually does have a close time at 5:00 p.m. Eastern time. Therefore, if you turn on this feature within Forex, it will exit your trade, x number of Price Bars prior to 5:00 p.m. Eastern.