The MANUAL TRADING window - every setting a manual trade uses
The MANUAL TRADING window holds every setting a manual BUY or SHORT uses: take profit and stop loss with their units, the auto exit, the trailing stop and step lock, and how each order is placed, long on the left and short on the right. In Lite it is where your trading is tuned, and a change applies to the next order.
In this video
The 30-second version
The same topic in thirty seconds, made for a phone screen.
Both videos use AutoScanTrade Lite in paper mode with made-up symbols and prices.
Read the transcript
Everything a manual trade uses
The MANUAL TRADING window holds every setting a manual BUY or SHORT uses. In Lite, this is where your trading is tuned: the exits, the trailing stop, and how each order is placed. Changes take effect on the next order.
Exits
First, the exits: what closes a manual trade. Take profit and stop loss, in your units: a percentage of the entry price, or dollars for the whole position. And Auto exit, per side: untick it, and none of the software exits run for that side. Then only you can close those trades.
The trail
Next, the trail, which runs only while Trailing TP/SL is ticked. Before the trade reaches Trail after, the fixed take profit and stop loss rule alone. Trail after is how far ahead the trade must be before it starts, Trail width is how far behind the best price it follows, Trail width of zero means the stop loss distance is used. and step percent turns it into a step lock instead. With a step percent set, the step lock takes over and the width is ignored.
The order
Last, how the order is placed. Entry and exit offsets: how many cents through the price each order goes. Fill or kill, with how long to wait for the rest of a partial fill. TRACK, which sizes the offsets from your own recent slippage, and FREE ENTRY, which rests the entry a few cents away instead of crossing.
Long and short
Long on the left, short on the right, each with its own values. In Lite, this window is the heart of the desk. Set it once in paper, and every BUY and SHORT you press uses it.