One click trading – use the terminal’s capabilities to the fullest
A novice trader, like a sponge, absorbs information that is of a secondary nature, forgetting about the most important.
Indeed, at first, a trader wants to rush into battle, study the practical side of analysis, which, as a rule, is done first.
However, in the pursuit of knowledge, beginners do not study the functionality of the trading platform, which leads to the fact that the trader begins to limit himself in actions.
Not realizing that from the very beginning the functionality is capable of solving many problems and challenges that it may encounter.
One of these functions, which all traders without exception have seen, but do not fully understand why it is needed, is One click trading.
One click trading is an auxiliary function of the MT4 and MT5 trading terminals, which allows you to bypass the standard scheme of opening a transaction with multiple confirmations and carry out transactions with one click of the mouse directly on the chart.
Use cases for One click trading
1. Implementation of the pipsing and scalping strategy
Pipsoving is a trading style or strategy whose targets are several points.
More about pipsovka -
http://time-forex.com/skalping/pipsovka-1 A characteristic feature of this style, which allows you to make money on minimal price changes, is the incredible accuracy of the entry point, which, as a rule, appears only at the moment an impulse occurs in that or the other side.
Consequently, a pipsing trader does not have time to call a standard window for opening a position, since the order execution point may shift significantly.
If we talk about scalping, the trader has a little more time to implement the transaction, since the targets are significantly different.
However, when using a scalping strategy on several trading assets at the same time, delaying the standard position opening scheme can lead to you simply missing signals. 2. Implementation of news strategies
The publication of strong news never goes unnoticed by the market, which leads to sharp price jumps. However, the surges occur so quickly in time that they can last only a few seconds.
Strategy on news -
http://time-forex.com/strategy/torgovlya-na-novostyakh Therefore, the One click trading function allows you to implement any jump during news.
Also, do not forget that global news leads to activity in many currency pairs at the same time, and the One click trading module will allow you to open several pairs simultaneously in a matter of seconds.
3. Ideal locking for two-way grid trading
One of the popular trends in trading is the construction of order grids and trading in two directions at the same time.
However, this approach has one small drawback, which is that when opening two oppositely directed orders to create a lock using the standard scheme, you can get a large negative lock.
If you use this feature, you will be able to open the lock very easily, which will result in the difference between positions being only in the spread.
4. Setting a stop order and profit with one click on the chart
Previously, in order to place a profit and stop order for your position, you either needed to upgrade the order or set these values at the time of opening the position.
When you activate this function, you can drag these orders to the required points directly on the chart with one click.
How to enable the module.
Pros and cons One click trading is a functionality that is available to all traders using MT4 or MT5, regardless of which broker they are trading with.
It is very simple to enable it, because you need to call up the auxiliary menu directly on the chart and click on the “One-click trading” line.
A window should appear in the upper left corner in which you will see two direction buttons for buying and selling, and you will also be able to set the transaction size in lots.
By the way, the moment you open a trade using this module for the first time, the platform will ask you to give permission to fully activate this function.
If we talk about the disadvantages of One click trading, we can note the fact that you cannot immediately set a stop order and profit in points, namely, specify at least a static value in the settings.
Thus, on the one hand, this functionality seems to allow you to speed up the process of opening a deal, but at the same time you will have to place a stop order and profit by dragging them on the chart.
This will also take up your time. Moreover, you must clearly understand that when using the module on news, there is a possibility that the price will have time to move significantly against you before you have time to place a stop order, even with one click of the mouse.
Downloading useful scripts - http://time-forex.com/skripty