Once logged in to uTrade Algos, locate the Index Watch at the top right corner of the interface. Here, you can observe the current market situation and pin the dialogue box for convenient access.
Monitoring the market regularly is crucial when engaging in algo trading. Here are some tips to stay vigilant:
- Set Alerts: Configure alerts for specific market conditions, price levels, or indicators using your algo trading platform. This way, you’ll be notified when predefined conditions are met.
- Stay Informed: Keep abreast of financial news, economic indicators, and global events that could impact the markets
- Monitor Risk Metrics: This helps ensure that your risk management protocols are in place. This includes stop-loss orders, position sizing, and risk assessment tools.
- Utilise Analytics Tools: Leverage analytics and data visualisation tools on uTrade Algos like payoff curve to interpret market trends, patterns, and historical data effectively. Know more using payoff curve on our platform here
- Follow Market Hours: Keep track of the relevant market hours for the assets you’re trading. Being aware of peak hours and specific market behaviours during certain times can be advantageous.
- Adapt to Volatility: Be prepared for market volatility and adjust your strategies accordingly.