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Track 'n Trade Autopilot Plug-in
Exiting on Signals
Video Transcript
In this Track 'n Trade Autopilot video, we're going to be discussing the Exit on Signals feature. This feature tells the Autopilot to continue adhering to all the rules previously selected. Or at least, until our chosen Indicator throws a Buy or Sell Arrow, in the opposite direction. At which point, the Autopilot will Exit and reverse the position.
For example: you may have chosen to trade the Bulls 'n Bears system, using an Auto Trailing Stop based on the Blue Light. If the Bulls 'n Bears System then throws an opposing Buy or Sell Arrow, the Autopilot would automatically close your current position; cancel the Blue Light Auto-Trailing Stop. Then place an order in the new long or short position, as specified by the new Bulls 'n Bears Signal.
This feature is also used for the simple purpose of Swing Trading a market. Selecting Exit on Signal would tell the Autopilot to take every opposing trade, by reversing the position, based on the chosen Indicator.