The Benefits of NakedMarkets Entry Rules
NakedMarkets Entry Rules allow users to setup pre-defined trade entry parameters that can be reused every time a trade is entered. These parameters can include the type of order, the stop loss, take profit and amount of risk.
Once an Entry Rule is created, simply drag and drop it on the chart when you want to enter a trade or pending order. This will save you a lot of time because you won’t have to setup each individual component of every trade.
Entry Rules can also be used later if you want to create a semi-automated for fully automated trading strategy.
Now that you understand the benefits, let’s get into how to set them up.
How to Create an Entry Rule
Start by opening the Rule Manager in NakedMarkets.
Go to the menu and select Rules > Rule Manager.
Keep in mind that you need to create 2 Entry Rules.
Conclusion
That’s all there is to it!
But this is just the beginning.
Entry Rules are great on their own, but they are even more powerful