Trade Clock
The Trade Clock feature helps traders maintain discipline by preventing from adding new orders to their existing trades for a set period, while still allowing to manage and exit the open trade.
How the Trade Clock Works
When enabled, the Trade Clock prevents traders from entering new orders related to their existing trade. However, traders will still have the ability to manage their open positions by adjusting or closing them. This feature is ideal for those who want to follow a structured trading plan and avoid impulsive decisions.
Key Features:
Prevents new order entries: Traders cannot add new positions or orders
Manage open positions: Traders can still modify and exit existing trades
Configurable time intervals: Select from predefined or custom time durations
How to Enable the Trade Clock
The Trade Clock can only be enabled when there is at least one open position and/or working order in the market. Follow these steps to activate it:
Navigate to Risk Settings:
Open the platform settings.
Go to the "Risk Settings" tab.
Set a Trade Clock Timer:
Select from available time options (e.g., 1 min, 2 min, 5 min, 10 min, or custom.)
Enable Trade Clock:
Click on “Enable Trade Clock.”
A confirmation modal will appear, summarizing the lock period and restrictions.
Confirm Activation:
Click “Enable Trade Clock” to proceed.
Managing Trades While the Trade Clock is Active
Once the Trade Clock is enabled:
Traders cannot add new positions or orders until the timer ends
Traders can:
Add or modify stop-loss and take-profit orders
Flatten or exit their current positions
Cancel existing working orders
Important Notes
The Trade Clock is irreversible once enabled, meaning it will remain active for the selected duration or until the active position and/or orders are closed/cancelled.
A warning message will be displayed before activation, ensuring traders are aware of the restrictions.
If there are no active trades or working orders, the Trade Clock cannot be enabled.
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