Operating EnigmaSignal Quant Trader in Autonomous Trade™ mode is a quantum leap in trading for most traders. With Autonomous Trade™, you remain in complete control of what, when and how you trade. You just don’t have to be in front of a screen.
You select the type of trade you want Autonomous Trade™ to make. You set all parameters for the trade. Then Autonomous Trade™ will trade exactly as you have specified. Things you can set include maximum daily risk, maximum risk per trade, times to avoid trading, risk-reward ration and more. This is a level of sophistication usually only available to banks, hedge funds and the super wealthy. Trading is a risky business. EnigmaSignal™ is designed to control risk.
Here, Autonomous Trade™ has entered a trade and calculated the trade will generate 158 ticks of profit. The target is set (in blue) and the trade is entered. Stops are automatic (orange) and all orders are automatic. In this case the target is hit, profit banked and Autonomous Trade™ waits for the next opportunity.