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What’s going on guys so here’s a couple things that you should know about trade of8 since that’s probably what the majority of you guys are using before I uh jump into the video I uh stream live every day so be sure to subscribe uh if you like what I say smash the like button and if you want to help the channel out use coupon code Cove Trader it will automatically give you the biggest discounts at all the prop firms so all
Right let me jump into this couple things that you probably don’t know that maybe you should know about trade of eight one is see where it says right here off you click the gear you turn it on and this is how you set an order that has a take profit a stop loss so look I go to put my Buy in here and see how these are dotted so this is the order when this order gets filled this will become my
Stop loss this will become my takeprofit and when one of them gets hit the other will get cancelled and then you can use these types of orders and then if you want to get rid of it you just turn it back off see and then it’s off this somebody actually asked me on the stream how to do it today and I was like you know what that’s a great question I’m sure other people have the same question so that that’s what
This does obviously um you can just click the chart to put orders in um somebody was asking about that another thing you got is is it applica application settings say I have this PA account and I’m over on it but I’m just trying to add or I need extra trading days or I’m trying to add but I don’t want to go under the payout threat hold I basically go to risk settings I click the daily loss and then I put my
Daily loss limit in here and that basically what that does is it’ll only allow me to lose that amount of money so say I’m over the threshold by $200 I’ll set that to 185 therefore I could trade I don’t have to worry about it and when I hit the 185 I’m out still above the payout threshold I get a payout out um that saved me plenty of times a lot of people don’t even know that exists people don’t realize that there’s
Reports in here you can pull up uh you can pull up let me see what we can see oh it’s because it’s today go to yesterday performance go you can see winning trades losing trades and then you can do over the course of more time um and that will allow you to see maybe hey if I trade in the morning I do much better than if I trade in the afternoon and you kind of figure out what works for you um
See it says p&l time of day so you can figure out what works for you oh I’m better off later on the day earlier on the day you can kind of see trends that how you trade what works best for you so that’s in there um so vwap is right here and a lot of times you got to scroll out I would scroll out and then it will recalculate I don’t know why I’ve used a bunch of different indicators be sure
To zoom out and then you can zoom back in see how I zoomed out and now uh the pivot Points are on my chart out of nowhere trade of8 has a couple issues with charting so sometimes you have to just zoom out Zoom back in it will recalibrate your whole trade setup and your indicators then will pop up on your chart as you just saw so that’s something that’s really cool um you have all the chart settings over here if you
Want to pull up all like your accounts and stuff that’s the plus button to add modules and this is all the stuff that you could add and then just like that you could save the template to whatever you wanted and that’s a couple things that you I mean and everything’s drag and drop like I can drag the accounts over here and vice versa and you can move all this moves around um and that’s pretty much it that’s like the gist of
It also if you can’t find an indicator indicators explore Community indicators and then there’s a whole slew of more indicators that you can install so that should be every thing that you need to know uh about trade ofate
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