Trade Management
There are several trade management options if you want to manually adjust a trade. Video coverage for trade management is included in Automation Bootcamp on Academy.
Deactivate a Strategy
You can choose to deactivate a strategy from the Edit Strategy slider. If you deactivate an active strategy, any remaining trades become unmanaged by the automation platform. Any currently open trades will no longer be reported in the automation platform. Future trades will not be opened.
Close Trade Now
If you click the three dots next to an active trade on the Live page, you will see an option to Close Trade Now. This affects only that trade. After closing it at the brokerage, future trades continue to be automated, and the closed trade appears in reporting.
When you select Close Trade Now, additional options appear.
You can select a partial position, or the entire position.
Additionally, you can use a market order.
Alternatively, you can use a limit order, and set the execution parameters, with an option to switch to a market order after "x" attempts are exceeded.
Halt Management
If you click the three dots next to an active trade on the Live page, you will see an option to Halt Management.
You will get a confirmation prompt informing you that the automation will halt management and reporting of the current trade, but future trades will still be automated. Resting broker orders are not affected by halting management.
Note: Halt Management will irreversibly stop the automation from managing the trade, and there will be no way to re-enable the management again.
If the user has a halted order, the exit price can later be entered manually by clicking the Management Halted field under the Reason for Close column on the strategy page. The user can enter the closing price and other details if desired.
Pause All Trading
If you click the three dots to the right of the purple icons on the Live page, you will get an option to Pause All Trading.
No open trades will be managed by the automation platform as long as "Pause All Trading" is active. No new positions will be opened by the automation platform as long as "Pause All Trading" is active.
Note: When Pause All Trading is active, broker resting orders are not impacted. The automation does not run resting-order health checks while this setting is active. If an order was closed while Pause All Trading was active, the automation will pick up the closing order after Reactivate Trading.
Note: After Reactivate Trading is selected, the automation will resume active trade management.
Pause Opening Trades (Pause an Individual Strategy)
You can also pause individual strategies from the strategy screen by selecting Pause Opening Trades. All currently open or live trades will continue to be managed by the platform.
Pause Opening New Trades
Users can select this to stop the platform from opening new trades while continuing to allow the platform to manage open positions.
Edit Exit Conditions
Users can edit the exit conditions, including execution parameters, for live trades. This is done by clicking the three dots and selecting Edit Exit Conditions.
Note of caution: Certain variables, such as the current profit target and current stop loss, are tracked and modified over time due to trailing stops, time or profit actions, and similar logic. If the user modifies the P/L or Time Actions section of a live trade, those tracked variables will be reset.
Open Trade Now
If you want to manually open a trade, click Open Trade Now. This option appears when a strategy is saved and active, even if it is paused.
Open Trade Now skips the normal entry conditions and launches the strategy immediately.
Note: "Open Trade Now" will respect "Use Exact DTE"
You can set the quantity or allocation, along with the entry execution parameters.
Underlying opening and closing price after manual entry or exit
When the user initiates a manual entry or exit of a trade, the automation platform uses the opening or closing price values for that specific minute.
For example, if the user clicks Open Trade Now or Close Trade Now at 09:59:58, the automation uses the underlying value at 09:59:00 for the opening or closing price, along with leg-selection conditions such as strike offset or delta.
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