Tradovate Walkthrough – How To Use Tradovate – Tradovate Review

Tradovate Walkthrough – How To Use Tradovate – Tradovate Review

Transcript

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What’s going on Traders so basically trade of eight is one of the most popular platforms you use when joining a one of these prop firms and for newer people they’ve never heard about it before so I’m going to do a quick walk through how to use it my setup and if you have any questions just comment in the video um and I’ll get right back to you guys so this is the most common platform a lot of them give you the

Option to uh use maybe like rhythmic Trader Pro which is free they and then you can use paid ones like Quant Tower or Sierra charting um but if you want the easy webbased um trading platform you go the trade of vapor app and this is what it looks like um basically you have to set everything up so you would hit indicators right here and and then you would choose what you want is is how it would go so basically I would

Do moving averages if you use the EMA you do EMA the period you would type in your period so say I just did 100 I click on the color say I want it to be um we’ll do red and then you just hit save now I have a red line already so you can see there’s two red lines right here and that’s pretty much it and then that’s how you add them and then if you want to take it out you

Go to chart elements you would go to Ema so I have the 34 the 8 the 20 and the 105 I do the 105 because that’s the 21 on the 5 minute and that’s pretty much it um I do these pivot Points that you can’t see on a on a one minute chart but when you go to the 15 you can see the pivot Points in yellow I will show you how you get all this stuff so on the indicators you

Have all the ones that they give you oscillators moving averages channels and then you go down down here to explore Community indicators and these are ones that other people have used so you can get you know vwat bands these are all the actively used ones you can see how many times they’ve been downloaded some of them are indicators there’s a few chart setups um it gets I mean you can you can add all different types of stuff and then basically you

Just hit install and once you hit install it will pop up in your indicator list and it’ll be like Nom tools and then you click there and it’ll be in blue and that’s how I got the vwat bands um these are all in these are all Community Fibonacci pivots um anchored vwap so these are ones you got to add if that’s what you want um um I added the pivot Points just show you again um I added the Pivot Point things

And the viop bands so I don’t I don’t primarily use this chart as my charting tool I use trading view on another screen and then I put my orders in through here but you still want to look at this and say hey like what’s going on I don’t want nothing to be on it so I add uh a couple indicators um yeah so you know the white line is vwap vwap fans and then basically you could left click on the chart

And I can set orders to sell or buy here um you know and they’ll stay in so say I wanted to to buy down here I just click buy and then you can see it right here this is the green line it will buy once you hit and if you want to get rid of that you can hit the X also say I wanted to buy down here but something happened I no longer want to I can click here exit all

Positions cancel all and this will sell you out of your positions and cancel all orders within that account but if you want to switch accounts you have to click up here and you have to switch the account you can also buy and sell up here right here is where you can have other um you know things to trade we’re on the NQ um you would click this and then you would type in you know whatever you want so this is you

Know micro gold gold I would suggest you doing your research before you just go up and trade anything I mostly trade the NQ so I have it here and that’s pretty much it um yeah I mean this platform I’ll be honest with you is super basic um I suggest if you are trading for real that you get a real platform that has um all the indicators something like trading view um you know it it’s not that expensive and um you need

Insight when trading so being that this does not provide the majority of the tools that I use I can’t make the best decisions that I have just using this but like I said I want a couple things on here so that’s why I have you know the 200 obviously we’ve been chopping around this is a low volume day this is actually Memorial Day so that’s why it kind of looks like this but mostly the you know moving averages will be spread

Out um and yeah I just use the vop bands to kind of show me where it’s getting extended or too extended um but the platform is uh um so the platform is just very basic here um and you could see like I just scrolled out I don’t even know where the vop bands went here they are but this is glitchy um I don’t like I just scrolled out and things moved around um that’s why I always check on trading view to

See where everything really is um I don’t know it’s definitely it’s definitely not the best trading platform but I you know I use it to put my trades in and like I said I’m primarily looking at another platform and then I’ll just come in here and whatever but you don’t want to sit here with nothing on it so that’s why I just kind of throw stuff stuff there but it is definitely um not the best I’m seeing what else we can

Use here moving averages and then obviously you can add I use this actually on here a lot I don’t know why it doesn’t save even though I saved the charting on here um stochastics do not save for some reason um and then you got some things on here you got some reports you can look at just basic basic basic stuff I never used the the chat here’s all the notifications achievements never I have no idea I don’t even know if that

Works on here because maybe when you use trade of8 with like a an actual broker it works and of a uh prop firm um but yeah I mean that’s pretty much it there’s not a lot to it I mean you can definitely draw on here and make um some trend lines and things like that like you know right here and then when it broke trade above but um it’s kind of not the greatest but I will say it’s easy to get

Going it’s web based as soon you know you don’t have to set up the uh rhythmic Trader Pro which I’ll make another video on how to do that um you know this is like the beginner to prop firm but like I said you got to make your decisions on another platform and then this is uh for you know just inputting your order I have people that just use mobile apps so they look at a chart on say trading View and they

Just use like trade of on their phone with the app just to you know just to put the order in and they don’t even use it on here because all they use it for is just inserting orders um so yeah I mean that’s pretty much it you know it’ll give you open p&l and then you have your you know your draw down um that’s draw down to the account smoked and your total profit on the day your open p&l it’s pretty

Simple I mean there’s not much to it really um it’s really easy to use I showed you how to set up the indicators and um I mean that’s pretty much it so if you have any questions just comment on the video I will get back to you um you know I would I would suggest playing with it a little bit and then as you play with it definitely um definitely hit me up if you run to a snag or something like

That all right take it easy guys