How does one-click trading work?
One-click trading is a feature provided by trading platform developers that allows traders to place a trade order within 1-2 seconds.
When trading highly volatile financial instruments, this feature allows traders to avoid slippage and enter the market at the current price.
One-click trading is an indispensable tool for short-term intraday traders.
And also for those who prefer to open orders with insignificant target levels during the release of macroeconomic news.
According to unofficial statistics, most novice traders use short-term methods to profit from asset pricing.
How to set up in terminal?
To set up one-click trading on the MT4 or MT5 platform, simply right-click on the chart window and select "One-Click Trading."
If done correctly, a menu for quickly opening orders will appear in the upper left corner of the terminal:
This panel displays the current market prices of Bit and Ask . The user only needs to specify the trading volume and, when a trading signal is generated, open the desired order type in accordance with the strategy rules.
Benefits of one-click trading
When trading short-term or during news releases, the importance of one-click trading is hard to overestimate.
For those who profit from minor price fluctuations within a day, every step is crucial. The standard process for placing a trade order involves the following steps:
1. Open the "New Order" menu.
2. Select a currency pair and specify the trade volume and order type, then place the trade order.
3. Confirm the action.
Some traders also immediately set stop-loss and take-profit orders.
On average, opening a new trade using the standard method takes at least 30-40 seconds, which is 30 times longer than opening an order using the One-Click Trading option.
This time savings may seem insignificant to some novice traders, but in reality, it plays a crucial role in day trading.
To understand this, it's recommended to consider two situations:
The price of liquid currency pairs with moderate volatility , such as EUR/USD or GBP/USD, changes every second.
After a signal to open a trade is generated, when working with M1 or M5 timeframes, market entry should be performed immediately, as the signal takes an average of 5-10 minutes to process.
After the signal is generated, the trader opens a new order using the standard method and sets the stop-loss orders with a target level of 8 pips.
As a result, the actual profit will be 3-4 pips, taking into account the spread . Within the 30 seconds it took to place the order, the chart moved 2 pips in the direction of the forecast. It's worth noting that this example represents the most optimistic scenario.
Using the "One-Click Trading" option in this case, the trader would have been able to secure a higher profit due to the significant time savings.
Important! When trading short-term, placing safety orders when opening a trade is not necessary.
These values can be specified after the actual market entry or closed manually during a rapid price movement.
Conclusion:
One-click trading is recommended for short-term trading, as it significantly saves time on trade opening, which in turn can significantly impact profit potential.
