# Trade Settings

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## **Trading Mode**

Offers various modes for automated trading

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* **Fixed take profit**&#x20;
  * This does not use a trailing stop at all and will always trade with a fixed take profit, based on your risk management settings
  * **Profit Target (see Risk Management section)**

    * Automatic Position Sizing Mode
      * The fixed take profit will automatically be calculated based on your risk settings
    * Risk Management - Manual Mode

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    * The value entered in the Fixed Take Profit (currency) field is the amount in currency you want for your take profit.&#x20;
    * The order qty is factored into where this profit target order is placed
* **Scalp Mode (currently in beta)**
* **Trailing Stop Based on Zones**
  * This is a very powerful way of trading and is the recommended way to trade if you are using a trailing stop
  * The stop will not move until a new zone is formed.&#x20;
  * The stop will be placed at the low of the new demand zone or high of the new supply zone
  * For example, if you are going long on a demand zone and price starts moving upwards, the stop will remain in place until a new demand zone is formed above your current filled market position. The stop will then move below the low of the new demand zone, locking in gains and moving to a safe position that is less likely to result in you being stopped out, as zones act as support and resistance areas in this situation.
    * The opposite example will occur when going short and the stop will move down only when new supply zone is formed below your current filled market position
* **Incremental Trailing Stop**
  * This will not use any take profit and will trail the current price based on an incremental value
  * The incremental value is the amount the price needs to move in currency before the stop will move. Based on the risk of the zone (e.g $200 zone risk) means the stop will move in $200 increments.
  * Trailing Stop Incremental Multiplier will allow you to set the distance the stop will maintain always between the current price.&#x20;
    * For example, if you set the multiplier to 4 and the zone risk amount is $200, this means that the stop will not start moving until price has reached at least $800 gap (multiplier of 4 times zone risk of $200), between the stop. The stop will increment down by the zone risk amount ($200, always maintaining a distance of $800 between the current price.&#x20;
* Trailing Stop Based on EMA

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## **Incremental Multiplier (incremental trading only)**

* This will not use any take profit and will trail the current price based on an incremental value
* The incremental value is the amount the price needs to move in currency before the stop will move. Based on the risk of the zone (e.g $200 zone risk) means the stop will move in $200 increments.
* Trailing Stop Incremental Multiplier will allow you to set the distance the stop will maintain always between the current price.&#x20;
  * For example, if you set the multiplier to 4 and the zone risk amount is $200, this means that the stop will not start moving until price has reached at least $800 gap (multiplier of 4 times zone risk of $200), between the stop. The stop will increment down by the zone risk amount ($200, always maintaining a distance of $800 between the current price.&#x20;

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## **Take profit at opposing zone (recommended way to trade fixed take profit)**

* This is a very powerful way to trade and will intelligently place the the take profit at the nearest opposing zone to your trade.
* For example, if you took a trade on a demand zone, you are going long. When your entry is filled at the demand zone, your take profit will be placed at the nearest supply zone, above the current price.

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## **Include EMA Take Profit Mode**

* This mode will automatically close long positions that close above the EMA line and have a minimum amount of profit and then close back below the EMA line. You can enable this mode to any trading mode.

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## **Entry Padding in Ticks**

* Value is in ticks
* This setting controls the amount in ticks that you wish to have your order entry price set at above a demand zone or below a supply zone

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## **Stop Loss Padding in Ticks**

* Value is in ticks
* This setting controls the amount in ticks that you wish to have your stop loss price set at below a demand zone or above a supply zone