Designed for high-volume and advanced traders, the MO-Trader smartphone application offers a wealth of information on a real-time basis. Thanks to lightning-fast trade executions, you can leverage even the smallest of price movements of an asset to your advantage.
That’s not all. With the new TradeGuide Signal (TGS) feature in the MO-Trader app, you can now supercharge your trades with the help of advanced algorithms and artificial intelligence. Excited to learn more about how this new feature in the app can make you a better trader? Here’s what you need to know.
Because profitable trading opportunities are usually gone in a flash, as a trader, it is important for you to constantly be on your toes. You need to be able to predict the price movements of assets to a certain degree of accuracy if you hope to make full use of a trading opportunity.
Here’s where the TradeGuide Signal (TGS) feature comes into the picture. It is an advanced analytical predictive engine that combines artificial intelligence, machine learning, complex algorithms, rule-based trading strategies, and more to predict the market trend.
Whether you’re an intraday trader, a positional trader, or a swing trader, the TGS tool provides you with buy and sell signals, which you can use to plan your trades accordingly. The TradeGuide Signal works on all three major asset classes - equity, currencies, and commodities.
How to Use the TradeGuide Signal Feature in the MO-Trader App?
Putting the TradeGuide Signal to use is very easy and can be accomplished in just five simple steps. Here’s a step-by-step guide designed to walk you through the process.
To provide you with accurate recommendations and trading signals, the TGS tool needs to first understand the kind of trader you are. Therefore, the first step that you need to take is a simple Traders Test. All that you need to do is answer 14 simple questions. Based on your answers, TradeGuide Signal will determine the type of trader you are.
Once the tool has identified the type of trader you are, the next step is to identify trending assets. The performance tracker feature of the tool has been designed especially for this. The tracker extensively backtests various scenarios using past performance data to provide you with a list of trending assets that you can trade on.
Now that you have a list of trending assets, the next step that you need to make is to select the right asset that you wish to trade on. When picking assets, make sure to take your trading style and risk appetite into consideration. You can also use the various filters and functions to narrow down the list of trending assets to make it easier to choose.
Once you’ve picked the right asset that you wish to trade, the next logical step is to create a trading plan. The TradeGuide Signal tool allows you to pre-plan your trades in a logical, emotionless, disciplined, and objective manner. You can create a trading plan by defining multiple parameters of the trade such as what, when, and how to trade. Some of the parameters that you can define include position size, future expiry, profit target, risk-reward, and stop loss.
The TradeGuide Signal tool has a tracker that displays buying and selling opportunities for various assets. Using predictive analysis and extensive backtesting, the tool generates entry signals, stop loss, trailing stop loss, and exit signals for different assets to help you trade objectively without any personal bias.
Using the information from the signal tracker, you can enter into long or short positions on the asset of your choice and exit at the recommended time.
TradeGuide Signal is a one-of-a-kind trend-guiding tool that does most of the heavy lifting for you including data sorting and analysis, tracking, and decision-making. Since most of the work is already done, all that you would need to do is execute the trade with just a few clicks based on TradeGuide Signal’s predictive analysis. Sounds easy, doesn’t it? So, go ahead and give it a shot right now and transform the way you trade!