👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on guys if you’re using trade of8 you should probably watch this video before I jump into it we stream live every day 10:30 to noon 2: p.m. to 4:30 if you like this video smash the like subscribe and if you want to support the stream use coupon code Cove Trader it will automatically give you the biggest discounts at all the prop firms take profit Trader Apex my funded Futures tradify and many more let let’s just jump right into this
These are all the things that you should know about trade of eight before trading or while trading but one of the things most people don’t know is on top of the normal indicators there is explore Community indicators and this is where I get uh my vwap indicator from this is where I set up my opening range um indicator so you can kind of see we’re on gold right now but these blue lines are the orb indicator so you could see the
First 15minute opening range and then the hourly everything you could see is here that I use and you can change the colors um I have the vwap is listed here as well and those are out of the community indicators so if you didn’t know that you should know uh you should know about reports if you want to look about click that button right there uh let’s just see what this report is this month we’ll just go this year and you can
Look nice I have a 79% win rate uh yeah so this is where you can see your win rate your expecting see you can see all everything about your trades see how good you’re doing everything like that the log what even better when you go over uh application settings argument sake say you have a PA account that’s over see how I have this account that’s over let me go to 164 I’ll go here say I don’t want to lose more than
50 bucks I go in here I go to the account risk settings and I can set my Val loss limit to 50 bucks honestly if you’re brand if you’re new and you got your first funded account I would set your daily loss limit to maybe $300 that way you do not blow your account in one day it allows you to have a daily loss limit therefore you don’t go on tilt yes you can go in there and change it after it’s
Made it’s not set in stone but at least Le it’s there to let you know you’ve lost your $300 and you just don’t go on tilt hitting a bunch of buttons um and things like that uh if you’re wondering yes these are all funded accounts I don’t have any um evals currently but uh yeah so that’s it my setup is pretty simple on here I do not use trade of eight to make all of my decisions I basically use trading view
But I do like to have certain things on here I have my moving averages I have the uh 15 and hourly opening uh ranges I have vwap and I have uh stochastics right here to kind of let me know if we oversold or overbought in a particular situation you could also copy trade most people don’t realize that you go to manage groups say I set this name up to um Trading Group one okay I move this one I move this one
As you could see you could I could save it saved Trading Group one is in here so I would go to one of the accounts go here so now what’s kind of weird about this is you’re trading the account plus Trading Group but that’s how you would trade multiple accounts at one time within uh trade of eight that’s how you’d set it up I personally use ninja Traders replicant set that up on ninja Trader and then because it’s set up in
Ninja Trader it works on trade ofate anyways so that’s how I copy trade on trade ofate myself is I set it up on ninja and then I bring it over and uh it automatically does it over here without using uh any of these groups I just unchecked that and now we’re back trading singles the one last thing you probably should know about is I have orders I click this little button right here and I basically set up that I have a
Takeprofit and stop loss on all of my orders and what’s good about that is say I buy oh it doesn’t let me but you you kind of see it see how it it’s green those other dotted red orders where the de red lines aren’t in so basically once you get filled those orders come in place and as long as once one of them gets hit the other gets cancelled so it’s nice I have a take profit a stop loss and if
I want to leave I can leave knowing that if my stop loss gets hit the other one stops it’s not like you just Market in and buy and then I got to put a a sell here and a sell there and then if it hits this sell I have to get rid of this so everything works it’s all automated using this and that’s also how I bracket trade with news which is in a whole another video but yeah so this is
Uh pretty much everything you should know on trade of super easy platform to use works with all the prop firms and um yeah if you want to see if you have any questions or you want to see me use it Live come on the live stream ask or comment on the video and I’ll get right back to you
Leave a Reply