For an algo trader, efficiently managing the risk is very important. For this purpose, uTrade Algos has come forward with the new global exit parameters. One can set these for all the portfolios for the current trading session. Three parameters can be set under these: global target profit, global stop loss and trail global stop loss. For better understanding, watch the full explainer video.
Here are the steps you can follow to set these for your account:
Step 1: Log in to your uTrade Algos account.
Step 2: On the homepage, click the portfolio icon and select global exit settings from the drop-down menu.
Step 3: Global exit settings page will open. On it, you can set various parameters for the current trading session for all your portfolios. These can be in absolute terms only.