New Features: Time in Trade Condition, Trailing Stop, and Break-Even Stop

We’re excited to introduce new tools to enhance your trading strategies: a new Time in Trade condition and two advanced post-trade actions: Trailing Stop and Break-Even Stop. These additions allow you to refine risk management and define key decision points within your strategy.

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1. New Condition: Time in Trade

What Is It?

The Time in Trade condition enables automated exits based on the time a position has been open. This helps you manage trades efficiently and avoid prolonged exposure.

How It Works:

When the specified time duration (in minutes) is reached after opening a position, the platform automatically closes the trade.

How to Add:

1. Navigate to the Exit Conditions section of your strategy.
2. Add Condition -> Time -> Time in Trade.

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2. New Action: Trailing Stop

What Is It?

The Trailing Stop action dynamically adjusts your stop-loss as the trade moves in your favor, locking in profits while allowing for further potential gains.

• Dynamic Adjustment: The stop-loss level increments by a defined amount (USD or percentage).
• Purpose: Locks in progressively larger profits as the trade becomes more favorable.
• Continuous Movement: Automatically adjusts until triggered, ensuring risk is minimized.

How It Works:

Configure two parameters for dynamic risk management:

1. Stop Target Value: The distance from the current price (in USD or as a percentage of the initial premium).
2. Stop Target Type: Choose between USD or % of Initial Premium.

The platform dynamically adjusts the stop-loss to maintain the specified target distance as the trade progresses.

How to Add:

1. Go to the Post-Trade Actions section of your strategy.
2. Add Post-Trade Action -> Trailing Stop Action.

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3. New Action: Break-Even Stop

What Is It?

The Break-Even Stop action locks in your initial investment by moving the stop-loss to the entry price once a predefined profit target is reached.

• Trigger Point: The stop-loss adjusts to the entry price when the profit target is achieved.
• Purpose: Prevents a profitable trade from turning into a loss.
• Static Once Set: Unlike a trailing stop, the break-even stop doesn’t adjust further unless manually updated.

How It Works:

Set the following parameter to activate:

• Position Profit (% of Initial Premium): When the specified profit percentage is reached, an exit order is created to close the trade at break-even (0 profit).

How to Add:

1. Go to the Post-Trade Actions section of your strategy.
2. Add Post-Trade Action -> Break-Even Stop Action.

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Why These Features Matter

These new additions provide traders with enhanced tools to:

• Manage risk dynamically with Trailing Stops.
• Secure initial capital with Break-Even Stops.
• Automate exits with Time in Trade conditions for better control over trade duration.

Take advantage of these features today to optimize your trading strategies and elevate your performance!

Start exploring these tools on the platform now and take your strategies to the next level.