Position management tools in day trading help traders monitor, adjust, and control open positions to optimize performance and manage risk effectively. These tools ensure traders can react quickly to market movements while maintaining disciplined risk management.
The cTrader Moving Average Trailing Stop is an automated trading system that can manage your stop loss for new and existing orders by trailing it behind the price of an instrument based on the cTrader standard MA indicator which is provided for free. A moving average is a default indicator that is commonly used in technical analysis.
The cTrader Prior Day Close Indicator is a sophisticated tool designed to provide traders and investors with crucial insights into market trends and potential price movements. It's not just another data point – it's your key to staying ahead of the curve.
This little buddy will close an open losing or winning position that has been running for a specified period of time in minutes, hours or days. Now you can set expiry times on losing or winning open positions.