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READY TO PLACE A TRADE?
P U L L T H E T R I G G E R - Y E S O R N O ?
1 Are my reasons for entering the market clear?
NO YES
What is my entry price?
Do I go long or short?
What order type do I place (stop, limit, market, etc.?)
Where should my initial stop be placed?
How much working capital do I currently have?
Is Semi-Automation Activated?
What is the relation between my domestic currency
and the currency of the instrument I am trading?
What % of my total account should I hold in reserve?
What % should I risk on this trade?
What is the current exchange rate?
How high is the resulting order size?
Should I scale in via several entry orders?
How many more trades can I open with my reserves?
Do I scale out at different profit targets?
How much do I profit at each target?
How much % of my position should I reduce at each target?
Should I reduce only part of my position at a target and manage
the rest manually?
Do I exit via stops or limits, or should I exit manually?
What are my profit targets?
Does it make sense to combine hard stops and soft stops?
Have I calculated the success probability of this trade?
Have I calculated the risk-to-reward ratio?
Do I still have time to place this trade?
Checklist complete.
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AgenaTrader semi-automation infographic (prepared by Karl Montevirgen)

  • 1. READY TO PLACE A TRADE? P U L L T H E T R I G G E R - Y E S O R N O ? 1 Are my reasons for entering the market clear? NO YES What is my entry price? Do I go long or short? What order type do I place (stop, limit, market, etc.?) Where should my initial stop be placed? How much working capital do I currently have? Is Semi-Automation Activated? What is the relation between my domestic currency and the currency of the instrument I am trading? What % of my total account should I hold in reserve? What % should I risk on this trade? What is the current exchange rate? How high is the resulting order size? Should I scale in via several entry orders? How many more trades can I open with my reserves? Do I scale out at different profit targets? How much do I profit at each target? How much % of my position should I reduce at each target? Should I reduce only part of my position at a target and manage the rest manually? Do I exit via stops or limits, or should I exit manually? What are my profit targets? Does it make sense to combine hard stops and soft stops? Have I calculated the success probability of this trade? Have I calculated the risk-to-reward ratio? Do I still have time to place this trade? Checklist complete. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24