In this video, we will discuss the autopilot trading system. I have recorded the first few hours of trading this morning and will share the signals, trades, and trade management with you.
It is important to remember that trading is risky, and one should not trade with funds that they cannot afford to lose.
The autopilot trading system is based on price action and looks for market movements, either up or down, rather than a stagnant range. Our current trade is a short trade, and as soon as the market moves into profitable territory, the system goes to break even to protect the trader from any losses.
The system also has a trailing stop feature that follows the market and closes out the position after a set number of candles if it is not producing a profit. The back end of the system is customizable with settings such as trading hours and maximum bars in a loss.
The system will automatically close out a position, protecting the trader from further losses if there is no real profit after two candles plotted. The autopilot trading system is hands-free and easy to use.
