GetPips system is a special tool for trading management. It is not an auto trading robot, it is not an indicator for trading. It is a set of useful tool to secure and automate some of your routine trading tasks.
GetPips is doesn’t make money, it helps you to trade professionally.
It consists of 2 parts: C.T.O.N. tool and TrailingBot.
We would like to show “must have” pack for all part time traders – GetPips. It has 2 useful tools inside, CTON – Close Trades On News device and TrailngBot – that sets Stop Loss and Take profit for manual trades. Also, Traderbot allows Trailing Stop Loss and move Stop Loss to BreakEven. Let’s focus on each tool.
It’s easy to control your trades if you stay next to computer all day long, but quite hard to come in time for part time traders. Anyway, we found solution and offer useful tool – CloseTradesOnNews.
This tool can remind you about NEWS by alert/push notification. You can chose any action – alert/push or close all/profit trade any minutes before news.
How it exactly works:
#1 Find any free news source: there are lots of them, even brokers provide these information.
#2 Check your GMT OFFSET: set it manually or allow auto time settings. Anyway, please check it.
#3 Chose action: get alert/push notification or close orders (profit/all).
#4 Set news time for all day: use strong ones (up to 3 news). Time 00:00 means NOT ACTIVE.
#5 Make it more personal: chose kind of orders to close (all orders or just profit ones), chose which orders to close (manual orders, EAs orders or both), chose time (change time for alert before news come), chose pair/or all pairs (allow it to manage all orders or just on certain pair).
TRAILINGBOT – software device for auto setup of SL/TP & trailing.
Trailingbot is very useful device that allow to trader be fast. This is “must have” tool for manual trading. Once you place an order – it gets Stop Loss and Take Profit levels that you set in the inputs settings. No need to count it anymore… just put Stop Loss and Take Profit you want – and enjoy your trading.
It’s very important to set it fast… If you do it manually, you lose time and sometimes money. For example, if you place an order while news time – market can move for hundreds Pips in few second… You won’t be able to set it that fast. This can bring huge losses in the end. By using TrailingBot – you set Stop Loss and Take Profit as fast as possible. It makes it automatically.
Few more opportunities in simple device – Trailing Stop Loss and BreakEven. These options allow you to be even safer. Trailing Stop Loss allow you to move Stop Loss as soon as you reach some profit, but still far away from the Take Profit. Trailing SL allow you to fix profit and protect you from possible trend reversals. BreakEven works for extra security too. You can set any Pips quantity – once you reach it, SL moves to noloss position. It helps to fix orders in profit and allow you to avoid losses on trend reversals.
Simply install it on pair you trade and open orders like by using standard ways. Very useful in “one click” mode. This tool will manage all manual orders, which are without SL/TP. It won’t affect EA’s trading, cause monitor just manual ones (with magic 0). Here is simple video with explanations: