Understanding the “Subtract Exit Quantity from Signal Quantity” Setting in TradersPost

The “Subtract Exit Quantity from Signal Quantity” setting in TradersPost helps automate position transitions by adjusting order quantities when switching from a long to a short position, making it ideal for automated strategies.

Tom Hartman

October 16, 2024

Setting Up Automated Entry with Manual Exit Approval in TradersPost

Automating trade entry while requiring manual exit approval provides a balance of speed and control. TradersPost users can set up this hybrid strategy using separate strategies for managing entries and exits.

Tom Hartman

October 15, 2024

Unique Use Cases for TradersPost: Scaling Across Multiple Prop Firm Accounts

Scaling trading strategies across multiple prop firm accounts is a powerful approach enabled by TradersPost. This platform helps traders automate and manage trades efficiently across accounts, overcoming prop firm limitations and boosting profitability.

Tom Hartman

October 14, 2024

Can Prop Firms Detect If You’re Using TradersPost?

Prop firms may detect the use of TradersPost, but compliance with rules can prevent issues. Using semi-automated strategies and manual oversight helps traders benefit from automation without violating firm policies.

Tom Hartman

October 14, 2024

Navigating Prop Firm Trading Rules and How TradersPost Can Help

Prop firm trading’s strict rules can make passing evaluations challenging. Automating trading strategies with TradersPost helps traders navigate these constraints by ensuring compliance, reducing errors, and managing multiple accounts seamlessly.

Tom Hartman

October 13, 2024

Avoiding Common Mistakes in Prop Firm Trading with TradersPost

Avoiding errors is critical in prop firm trading, where tight rules leave little room for mistakes. TradersPost helps traders automate strategies, reducing the risks associated with manual trading and improving their chances of success.

Tom Hartman

October 12, 2024

How to Succeed with Prop Firm Trading: Essential Strategies and Tips

Succeeding with prop firm trading requires more than a solid strategy; understanding firm-specific rules and adapting to changing market conditions are crucial. This guide covers key strategies for navigating the tight risk management policies and evolving rules of prop firms.

Tom Hartman

October 11, 2024

Troubleshooting Issues with Trading Both Sides of a Strategy in TradersPost

Issues with trading both sides of a strategy in TradersPost often occur when the “Both Sides” option is not enabled. Activating this setting allows for both long and short trades, ensuring the strategy functions as intended.

Tom Hartman

October 8, 2024

How to Test a Webhook in TradersPost Without Placing a Market Order

TradersPost allows testing of webhooks without executing trades through various methods like using TradingView alerts, sending test signals, or adding test=true in the payload. Tools like Hopscotch.io also offer manual testing options.

Tom Hartman

October 5, 2024

The Pros and Cons of Prop Firm Trading for New Traders: A Comprehensive Guide

Prop firm trading offers new traders access to larger capital and advanced resources, potentially accelerating their trading careers. However, it also involves strict rules, profit-sharing, and performance pressures. Weighing these factors can help determine if this path aligns with your trading goals.

Tom Hartman

October 2, 2024

The Reality of Prop Firm Trading: Navigating the Narrow Path

Tom Hartman

October 1, 2024

Can You Connect NinjaTrader to TradersPost Through Tradovate?

Traders can connect NinjaTrader to TradersPost via Tradovate by using their NinjaTrader login credentials. This integration streamlines access and supports trading across both platforms.

Tom Hartman

September 29, 2024

Does TradersPost Provide a Trade Log with Graphical Profit and Loss Statistics?

TradersPost is developing new analytics features to provide graphical P&L tracking and multi-level performance insights. These updates aim to offer a more detailed view of trading results across strategies, subscriptions, and individual trades.

Tom Hartman

September 28, 2024

Viewing Profit and Loss for Each Trade in TradersPost

TradersPost is developing new features to improve the tracking of profit and loss for individual trades, making it easier for users to manage performance across multiple trades.

Tom Hartman

September 27, 2024

Trading Options for U.S. Equities in the Works on TradingView

TradingView now supports real-time options data for U.S. equities, enabling users to apply technical indicators directly to options contracts and automate trades through platforms like TradersPost.

Tom Hartman

September 27, 2024

Where to Share TradingView Indicators and Strategies in TradersPost’s Community

TradersPost’s Discord channel “Sharing is Caring” is ideal for sharing and discussing TradingView strategies. Community feedback helps refine trading approaches and fosters collaborative learning.

Tom Hartman

September 26, 2024

Algorithmic Traders in India Earn $7 Billion While Most Retail Traders Struggle

Algorithmic traders earned $7 billion in India in 2024, while 93% of non-algorithmic retail traders struggled with losses. Automating strategies with tools like TradersPost can help retail traders bridge the gap in trading success.

Tom Hartman

September 25, 2024

Managing Futures Orders During Contract Rollovers in TradersPost

Futures orders can close after rollovers, resulting in potential price discrepancies. Traders should monitor rollover periods and align trading symbols across platforms to avoid issues.

Tom Hartman

September 24, 2024

Trading Futures vs. Options: Which Is More Profitable?

The profitability of trading futures or options depends on a trader’s goals and strategy execution. Both instruments have their unique advantages, making them suitable for different purposes like trend following or hedging.

Tom Hartman

September 24, 2024

Can You Sign Up for Multiple TradersPost Accounts Using the Same Credit Card?

TradersPost allows multiple accounts to be created using the same credit card, with no restrictions. Future plans include an à la carte pricing model to simplify account management.

Tom Hartman

September 21, 2024

Does TradersPost Offer White Label Versions?

TradersPost does not offer white label versions due to cost and support challenges but remains open to future possibilities if demand justifies it.

Tom Hartman

September 19, 2024

Can MetaTrader 5 (MT5) Send Signals to TradersPost?

MetaTrader 5 can send signals to TradersPost through custom EA scripts that trigger HTTP requests. The integration requires manual configuration, but support is available to assist with the setup.

Tom Hartman

September 18, 2024

TradeStation Reward Program Details

The $50 TradeStation reward applies only to initial funding, while Robinhood Gold offers a 1% match on every IRA deposit and a 5.5% interest rate.

Tom Hartman

September 18, 2024

Security Risks to Brokerage Accounts When Sending Signals

While webhook URLs act like passwords, the risk to brokerage accounts is minimal as TradersPost encrypts API keys and limits permissions to trading only.

Tom Hartman

September 16, 2024

Managing Multiple Stop-Limit Orders: Canceling One When the Other Executes

Managing multiple stop-limit orders is challenging due to broker limitations, but workarounds like TradingView alerts can help handle these scenarios effectively.

Tom Hartman

September 15, 2024

Why Specifying an Asset Class Is Required for Strategies

Specifying an asset class is essential to ensure accurate identification of tickers, as symbols are not always unique across different asset types.

Tom Hartman

September 14, 2024

Handling Commas in Quantity Fields: Convenience vs. Complexity

Allowing commas in quantity fields can improve user convenience but risks misinterpretation, especially with different international number formats.

Tom Hartman

September 14, 2024

How Queued Orders Work Outside the Trading Window

Expanding the functionality of queued orders to respect custom trading windows would provide traders with increased control, reduced rejections, and greater flexibility in their strategies.

Tom Hartman

September 13, 2024

Identifying Options with High Open Interest and Volume

Filtering options by open interest and volume will allow TradersPost users to avoid low-liquidity options, improving trade execution and reducing slippage.‍

Tom Hartman

September 11, 2024

Session Alerts Indicator: Closing Trades Right Before the Session Closes

The new Session Alerts indicator tracks the start and end of trading sessions by counting bars on a lower timeframe, providing day traders with real-time alerts and more accurate session tracking. This innovative tool helps you stay on top of your trades without waiting for session bar closures.

Tom Hartman

September 6, 2024