AUTOEXIT BOT is a trade management tool designed to automate exit strategies for manually operated trades. It continuously monitors all open positions and provides automatic safety features to manage risk and protect profits. Key functionalities include:
- Safety Stop Loss: Automatically sets a fixed-distance stop loss for trades without one, ensuring initial risk control.
- Dynamic Trailing Stop: Activates a trailing stop once a trade reaches a specified profit level, adjusting the stop loss in predefined increments to lock in gains as the market moves favorably.
- Compatibility: Works with any trading symbol and timeframe, making it versatile for various markets.
- Use Cases: Suitable for scalpers, day traders, and swing traders who prefer automated stop loss management without manual intervention.
The bot operates without opening new positions, focusing solely on exit management to reduce unexpected losses and maximize profit retention. It integrates with Pepperstone UK broker and supports risk management through stop loss and trailing stop mechanisms.