🔂Otto Mate

Otto Mate (smart orders for intraday + swing trading)

Otto Mate is designed to place limit order based on specific pairs, time, and direction

What is it?

Otto Mate is your tactical ally for orchestrating limit orders in the dynamic forex market. It is designed to place trades using a specific algorithm but you have the ability to filter by time, pairs, and direction. Essentially turning into an intraday/swing trading assistant.

How to use It

  1. Strategic Gold Plays: Suppose GOLD is showing a bullish trend. With Otto Mate, you can command it to execute buy orders exclusively from Monday to Thursday, precisely at 7 am Eastern on the 1-minute chart. This strategic move allows you to capture potential upward movements with pinpoint accuracy.

  2. DXY Bearish Sentiment: In a scenario where the US Dollar Index (DXY) is bearish, Otto Mate empowers you to capitalize on this trend. Direct Otto Mate to buy specific XXX/USD pairs, limiting trades to the time window between 7 am to 9 am Eastern. This tactical approach aligns your trades with the perceived weakness in the DXY.

  3. News-driven JPY Plays: During news events, particularly in the energetic London session at 3 am Eastern, Otto Mate opens the door to sophisticated plays. Configure Otto Mate to trade two XXX/JPY pairs, covering both buy and sell directions on the 1-minute chart. This dynamic strategy allows you to navigate the currency market efficiently during high-impact news releases.

Settings explained

Otto Mate

Variable
Explanation

Market Watch Loaded Symbols

Organized pairs for trading based on the market watch order

Trading Direction

Choose trading directions for pairs

Maximum Trades Per Asset

Maximum individual positions allowed per pair

Maximum Trades Per Account

Maximum individual positions allowed per account

Enable Broker Time Filter

Yes/No for broker time filtering

Trading Session Start

Military time for trading session start (e.g., 14:00)

Trading Session End

Military time for trading session end (e.g., 16:00)

Trading Days Setting (Sunday-Friday)

Yes/No for trading days

Entry Timeframe Setting

M1-H1, choose between 1 minute - 1 hour chart for entry

Allow Signals Trading

Yes/No for allowing signals trading

Signal Alert Pop Up Message

Custom message for signal alerts

Signal Alert to Email

Yes/No for email alerts

Signal Alert Push Notification

Yes/No for push notifications

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