How does one-click trading work?
One-click trading is an option provided by the developers of trading platforms, through which a trader has the opportunity to place a trading order within 1-2 seconds.
When working with financial instruments of high volatility, using this option allows you to prevent slippage and enter the market at the current price.
One-click trading can be called an indispensable tool for supporters of short-term intraday trading.
And also for those who like to open orders with minor target levels when macroeconomic news is published.
According to unofficial statistics, most novice traders use in practice short-term methods of making money on asset pricing.
How to configure it in the terminal?
To set up one-click trading on the MT4 or MT5 platform, just right-click on the chart window and select “One-click trading”.
If this action is performed correctly, the corresponding menu for quickly opening orders will be displayed in the upper left corner of the terminal:
This panel displays the current market Bit and Ask . The user only needs to indicate the trading volume and, when generating a trading signal, in accordance with the rules of the strategy, open the desired type of order.
Benefits of one-click trading
When trading short-term or when opening trades during the period of news publication, it is difficult to overestimate the importance of one-click trading.
For those who support making money on minor intraday price fluctuations, every point is important.
The standard process of placing a trade order involves performing the following actions: 1. Open the “New Order” menu:
2. Select a currency pair and specify the transaction volume and order type, and then place a trade order:
3. Confirm the action.
In addition, some traders immediately set the values of stop loss and take profit safety orders.
On average, it will take at least 30-40 seconds to open a new deal using the standard method, which is 30 times more than the time required to open an order using the “One-Click Trading” option.
To some novice traders, such time savings may seem insignificant, but in fact, when trading intraday it plays an almost key role.
To understand this, it is recommended to pay attention to 2 situations:
The price of liquid currency pairs with moderate volatility , such as EUR/USD or GBP/USD, changes every second.
After generating a signal to open a trade, when working with M1 or M5 time frames, you should enter the market immediately, since the signal is processed on average within 5-10 minutes.
After the signal is generated, the trader opens a new order using the classical method and sets the values of safety orders with a target level of 8 points.
As a result, the actual profit will be 3-4 points, taking into account the spread .
During the 30 seconds it took to place the order, the chart moved 2 points in the direction of the forecast. It is worth saying that the most optimistic scenario is presented as an example. By using the “One-Click Trading” option in this case, the trader would be able to record higher profits due to significant time savings.
Important! When trading short-term, placing safety orders when opening a trade is not necessary.
It is possible to specify these values after actually entering the market or to close the trade manually during rapid price momentum.
Conclusion
One-click trading is recommended for use in short-term trading, as it significantly saves time on opening a transaction, which in turn can significantly affect the profit potential.