Automatic Exit Strategy

Exit Strategy is a semi-automatic position management function that allows you to focus on trade instead of focusing on placing orders. For example: using exit strategies, you can preset Stop Loss and Take Profit before entering the position. You can also set the terms and conditions of automatic move of the stop to breakeven and trailing stop that will move the price, protecting your profits. These rules allow you to build your individual trading technique.

IMPORTANT! Exit strategies use orders that the user opens via ATAS. If the order was not opened by ATAS, this order will not be processed by the strategy. Thus, if a position is opened through the ATAS with the enabled strategies, it must be accompanied by ATAS as well. Otherwise, the work of an exit strategy will be broken.

If you are using Exit Strategies, your orders will be sent to the exchange server, but they will not be automatically tracked or cancelled. To make sure tracking/cancellation works correctly, your PC should be connected to internet and your trading account should be connected to ATAS.

The advantages of using the Exit Strategy:

• Reduced probability of error in order management.
• Speed (sending and changing orders by the computer is significantly quicker than by the human).
• Discipline (less likely to deviate from your trading plan).
• Full consistency with your trading strategy.
• Reduced emotional impact.

* Exit Strategy function is available both from the Chart trader menu (when trading from the graph), and from the Smart DOM.

To activate the Exit Strategy function:

Open Chart trader, then, in the Exit Strategy module, click on "+" button. List of available strategies will open:

This window has 4 strategies available:

1. Choose the strategy you want.

2. Setup its parameters.

3. Click Add.

If you have an open position and the "Activate by zero position" checkbox is checked, the strategy will place protective orders after you close the position.


If you have an open position and the "Activate by zero position" checkbox is NOT checked, then the strategy will immediately place protective orders.

*Strategies description:

1. Stop Loss & Profit Target(SL&TP) –This exit strategy automatically sets protective Stop Loss and Take Profit OCO orders.

Parameters:

Stop Loss – Stop Order offset (in ticks).

Profit Target – Take Profit Order offset (in ticks).

* If the strategy is on and the open position size is increased by a user, the size of the OCO orders increases respectively (scaling in). If one of the orders is cancelled or executed, the second OCO order is deleted (scaling out). When the position is flattened, both orders get cancelled automatically. When one of the orders is moved manually, the link between the two orders remains.

2. SL, TP, Breakeven –This strategy, in addition to SL and TP orders, also moves your Stop Loss to a breakeven point when certain profit has been achieved.

Parameters:

Stop Loss – Stop Order offset (in ticks)

Profit Target – Take Profit Order offset (in ticks).

Breakeven – profit amount (in ticks) at which your Stop Loss OCO Order will be trailed to breakeven.

Breakeven Offset – breakeven offset (in ticks).

For example: Buy, Entry Price = 100, Price Step = 1, Breakeven = 10, Breakeven Offset = 1. When position profit gets equal or greater than 10 ticks, Stop Loss will be moved to the price 101.

3. SL, TP, Trailing –This strategy, in addition to SL and TP orders, also moves your Stop Loss OCO to a breakeven point when certain profit has been achieved. After that it keeps trailing the Stop Loss order by a specified step.

Parameters:

Stop Loss – Stop Order offset (in ticks)

Profit Target – Take Profit Order offset (in ticks).

Trailing Stop – Trailing Stop offset (in ticks)

Trailing Step – Trailing Stop trailing step (in ticks)

For example: Buy, Entry Price = 100, Price Step = 1, Trailing Stop = 10,Trailing Step = 5, Stop Loss = 7

Initially Stop Loss is set at the price 93.

Thenwhen the price exceeds or becomes equal to 108, your Stop Loss order will be

moved to the price 98. Next, when the price reaches 113, the Stop order is moved to 103, etc.

4. Multiple SL & TP - The strategy is designed for more flexible setting of automatic Stop Loss and Take Profit for an open position - allows you to place protective orders at several price levels.
Parameters:

Protection levels - adding levels and setting Stop Loss and Take Profit.
Time in Force - selection of the "lifetime" of protective orders. DAY - until the end of the current trading session or activation by the price and Good Till Cancel - until manually canceled or activated by price.

*Auto-cancel orders option:

In case of strategy deactivation by switching to another strategy or to the "None" mode with enabled auto-cancel orders option, all pending orders (Stop-Loss, Take-Profit) in this particular strategy will be automatically canceled.

If this option is disabled, accordingly all pending orders (Stop-Loss, Take-Profit) of this particular strategy will remain active, but independent from each other and from the position.

If you need to change the parameters of one of the created exit strategies, choose it from the drop-down menu, stop and click the gear symbol near it.

Strategy settings window will open, where you can edit the strategy parameters.