uTrade Algos offers a powerful tool called the uTrade Strategy Builder, which simplifies the process of setting up trading strategies. This feature provides pre-defined strategy forms that allow traders to quickly establish their trading conditions. These forms enable the specification of dynamic entry and exit conditions based on various criteria, such as price movements and technical indicators.The Strategy Builder enhances trading efficiency by allowing users to customise their strategies without needing extensive coding knowledge. You can monitor option premiums or underlying prices, and the system will automatically execute trades when specified thresholds are met. The tool also supports advanced criteria for entry and exit conditions, including the use of indicators like moving averages, RSI, and MACD.Additionally, the Strategy Builder helps traders manage risk by incorporating features such as stop-loss orders and take-profit levels. This tool provides a streamlined and intuitive interface for deploying strategies, ensuring that both novice and experienced traders can effectively leverage algorithmic trading.
What are pre-defined strategy forms/Strategy Builder and how do they work?