Track 'n Trade Autopilot Plug-in
Exit- No Progress
In this Track 'n Trade Autopilot video, we're going to be discussing the Exit if profit is less than x PIPS or x Bars or Time feature.
This feature is used to cut your losers short. Also, to get Track 'n Trade back into the business of trading. Sometimes, an open trade may stay open for an extremely long period of time. Neither reaching up to touch your take Profit Price, nor reaching down to hit your Stop Loss Order.
When this happens, it often seems that the open trade is keeping the system from taking what might otherwise be, additional profitable trades. By selecting this feature, you can tell the Autopilot to Exit the trade, if it is not showing promise within a certain number of Price Bars.