The TrendRisk Scanner is a valuable tool for identifying potential trading opportunities.
To access the TrendRisk scanner, tap the icon at the bottom of your home screen and then tap the ’TrendRisk scanner’ tab.
You will see a list of suggested trading opportunities with the following details:
- Risk/reward ratio
- Target – suggested take-profit limit
- Close – recommended close level
- Stop tip – suggested stop-loss limit
Within this screen, you can perform the following actions:
- Refresh the provided information by tapping the
icon.
- Search for a trading opportunity on a particular instrument by tapping the
icon in the top left corner of the screen.
- Filter the listed trading opportunities by timeframes by tapping the
icon in the top right corner. You can also filter trading opportunities by time, security, or risk/reward by selecting the respective tab.
- Place a trade according to the defined parameters by tapping one of the rows of trading opportunities. Once you tap it, you will be given two options: open a position or show the instrument’s chart. If you choose to open a position, you will see a screen with the new order and automatically pre-set stop-loss and take-profit levels.
Please note that the TrendRisk scanner is not a trading system that can give you information on when to open a position. It’s a tool that gives signals about the potential reward at a certain level of risk. Every trader must make their own decision on whether to place a trade.