FAQ
Does auto-trading enter and exit trades hands-off?
Yes, entry and exit signals are generated by Mercury55 and forwarded to AlgoPilotX who will then send the signal to your AlgoPilotX account and finally to your broker.
Can I exit a position entered via AlgoPilotX?
Yes, with a simple click of a button you can exit a position using the AlgoPilotX InstraTrade feature.
What are the advantages of auto-trading versus manual trading?
There are numerous advantages to auto-trading including avoiding click errors in fast markets, eliminating emotional trading by relying on specific rules of a proven strategy, and free your time to trade other strategies or enjoy something outside of trading.
If I have questions about a RoboTrader strategy is there a place to go?
The signals are generated by a team with over 75 years of active trading experience. General information about the strategy is disclosed; however, the signal generation algorithms are proprietary and are not disclosed.
Can I pause a RoboTrader strategy that I have subscribed to?
Yes, within AutoPilotX you can “pause” an automation from entering new positions with a simple click on the automation menu.
Can I follow my trades if I am not at my computer?
Yes, AlgoPilotX has a powerful mobile app that has most of the features you would use on your computer. Additionally, no software needs to be downloaded to run on a computer since AlgoPilotX is web-based.
What is the main advantage of RoboTrader auto-trading?
It works!