Automated Trading Machine (ATM) makes it simple to remove fear and greed from your trading. Automated trading is no longer just for the rich or nerdy. Our revolutionary software runs on your computer, using your trading rules, but none of your emotions. There's just one requirement - you know how to use a mouse. Learn more...
To Have ATM Place Orders Only (And No Trade Management)
This is good for people who want the entry to be done by a computer, but then want to do the trade management by themselves. Such people may have a mechanical system for knowing when to place orders, but for whatever reason they can't pull the trigger themselves (analysis paralysis, a really complex system with a lot of entry rules, etc). However, once in the trade, they have no trouble looking after it by themselves.
Essentially, you just create a bare-bones trading system - entry rules, entry values, and an initial stop loss value. Once ATM opens the trade, it therefore has no instructions on how to manage it, so you are free to do it yourself.
In this scenario where you want to do the trade management yourself, it might be a good idea to have ATM alert you that it has opened a trade.
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