Auto trade: easy start, stable profit.
- VFX Blog
- Strategies
Auto trading instruments are often associated with complex settings that need to be tested and adjusted for a long time. vfxAlert makes it possible to get the first profit much faster.
Connect to auto trade
Auto trade only works for PRO Ultimate accounts! The next step is connecting to QUOTEX broker.
Options will be opened without the participation of the trader, so for testing select demo account.
Auto option settings
The first step is to create a new trading preset with the following settings:
Read more about PSAR indicator in vfxAlert blog.
Minute expiration and “weak” POWER values are not recommended. Otherwise, you will get "auto scalping" with a large number of simultaneously open options, which, even with strict money management, will quickly take the deposit.
You can earn for 1 minute only by using manual tools for binary option trading.
- Balance of power between bulls and bears. It defines the trend type (uptrend, downtrend,flat);
- Overbought/oversold (RSI) and price dynamics (CCI);
- Volatility, breakout of Strong support/resistance levels (Pivot Point).
Using Summary will be a good filter for any binary option signals.
Adding EUR/USD to the Dashboard. We see confirmation of the PSAR signal, all conditions for opening the option are met. No technical analysis is needed on the chart – a strong uptrend is visually visible, which means that auto trade opened the trade correctly.
See more options in the video:
Recommendations about use …
- Auto trade off -/+ 30 minutes of release of strong fundamental news and statistics. During these periods, any binary tools for trade give false signals.
- PSAR trading refers to reversal strategies, but it should only be used on a trend. On the side channels, even at 50-70 points, it does not work. If the market is flat, wait until there is a confirmed channel breakdown, only then turn on auto trade.
- Auto trade cannot be used on a "enable on and forgot " basis. It's just a robot. Any technical indicator does not see candlestick patterns and statistics of past trades. Even when all conditions are met, the option may close at a loss. Every 30 min./1 hour. check the result. If more than two losses in a row, stop trading.
- Auto+Manual trade. Not recommended, it is better to choose one trader tool out of two. If you want to combine manual and automated trading, leave one asset in the preset.
Then only one auto option will open and you can continue trading according to your strategy without a big loss.
Summarize.
Auto tools for trading from vfxAlert allow even beginners to start earning consistently, but only with constant monitoring of the trading session. The main thing is strict money management and reasonable profit targets.