European Exchange's process trading is an automated trading tool that allows traders to pre-set trading rules and then automatically execute them by the system. The steps of process transaction include: creating process, setting trigger conditions, setting execution actions, deploying process and monitoring process. Its advantages include automated trading, discipline and improved efficiency, but its disadvantages are its inability to cope with sudden market fluctuations, the need for technical knowledge, and potential risks.
European exchange process trading
What is process trading?
Process trading is an automated trading tool provided by Eureka Exchange, allowing traders to execute trading instructions according to preset rules.
Steps of process transaction:
1. Create process:
- Log in to Eureka Exchange and enter the "Process Transaction" page.
- Click the "New Process" button.
- Set the process name, trigger conditions, execution actions and other parameters.
2. Set trigger conditions:
- The trigger condition determines when the process starts the transaction.
- You can set trigger conditions based on price, indicators, time and other conditions.
3. Set execution action:
- Execution action defines the transaction order executed after the process is started.
- Can include operations such as buying, selling, stop loss and stop profit.
4. Deployment process:
- After setting up, click the "Deployment Process" button.
- The process will automatically execute transactions according to the specified rules.
5. Monitoring process:
- After deployment, you can monitor the running status of the process on the "My Process" page.
- Processes can be adjusted or turned off as needed.
Advantages:
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Automated trading: Free your hands and execute transactions automatically 24/7.
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Discipline: Execute transactions strictly in accordance with preset rules and avoid emotional decision-making.
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Improve efficiency: Set up the process once and execute the same trading strategy multiple times.
Disadvantages:
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Market Fluctuations: Process trading cannot cope with sudden market fluctuations.
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Technical Requirements: Some technical knowledge is required to set up and monitor the process.
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Potential risks: If the process is not set up properly, it may lead to losses.
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