Trading Tools » How Trade Plans Work
Trade Plans use a step-by-step process to manage a trade. Each step contains conditions that define what to do if that condition is met. The following flow chart illustrates this process for a hypothetical Trade Plan:
Flow Chart of the Trade Plan Process
When the Trade Plan moves to a new step, the conditions from the previous step are no longer active. A Trade Plan can have a single step (sell/cover 100% of the initial order) or multiple steps.
VisualTrader looks for the initial order to be resolved in the Trade Plan. It also checks all of the conditions and orders to make sure that they are valid. If it finds a conflict, the conflicting area is highlighted in orange. You will need to resolve the problem before you will be able to save the Trade Plan.
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