This is the ABSOLUTE BEST set of advantages for your trading! Here is why
I added spreadsheet now for both the real time watch list and position manager with targets. Targets can be used for running profit. It will cut your trades fast if things go bad depending on your current or original calculated ATR (average true range).. There are some really good reasons for this:
- Protect your account by removing the emotion. It will cut your losses fast and keep it to a minimum! The ATR is usually between 6-12% which is puny.
If you have a running profit, it will allow it to run as long as it stays positive! It will not prematurely kick you out prematurely.
This is all virtual which means you are not needing to signal back to your broker your intentions of stop loss! This will enable you to have trailing stop loss within your system which gives you market orders access for better execution. You will also be able to get your video at the top of your broker’s order book. It will also not let your broker manipulate your positions because they have a market order dept to screw you.
http://quantlabs.net/blog/2018/07/latest-automated-watchlist-and-positions-manager-from-facebook-live/