FAQs: Futures Trading for Beginners with Praedox Tools

Sentinel’s automated signals handle most entries. But when you see a setup yourself, four manual entry buttons put you in the market instantly.   BUY UP / SELL DOWN — One-click breakout entries placed at one tick above the last bar’s high or one tick below the last bar’s low. The setup develops, you click, and you’re positioned on the break. No typing prices. BUY CLICK / SELL CLICK — Precision placement anywhere on the chart. Click the button and your mouse becomes an order tool. A preview line follows your cursor in real time, showing you exactly where the order will land. Left-click to place. Right-click to cancel. Sentinel automatically determines whether to place a stop or limit order based on current price — no order type selection needed.   When you go manual, Sentinel steps aside. Automated signals pause automatically to prevent conflicts with your position. Click TRADING ON to resume when you’re ready to hand control back.

Once you’re in a trade, the sidebar transforms into a position management console. Every button has an immediate effect on your active position.   Move to Break Even — One click moves your stop to entry price. A configurable offset lets you lock in a small profit instead of flat breakeven — enough to cover commissions and then some. Get in the habit of using this aggressively. Once the trade moves in your favor, protect it.   Flatten — Emergency exit. Closes your entire position at market, immediately. Stops removed. Targets removed. Position gone. When something unexpected happens — news spike, flash move, gut feeling — press the button. Don’t hesitate.   STOP ± / TGT ± — Tick-by-tick adjustments to your stop-loss and profit target. Each click moves the level by a fixed number of ticks. Tighten your stop as the trade moves in your favor. Widen your target if you see the move has room to run. Precise, predictable, and fast.   ATR Stop / ATR Target — Set your stop or target based on a multiple of current market volatility. Each click cycles through multipliers — 0.25x, 0.50x, 1.0x, 1.5x, 2.0x, 2.5x — and applies immediately to your active position. The button displays the exact tick value before you click, so you always know what you’re getting. Stop and target multipliers are independent, giving you full control over your risk-to-reward ratio. Multiple targets scale proportionally — if you have a two-target ATM, both targets adjust in proportion automatically.

Not every signal should use the same stop and target. Sentinel gives you four dedicated ATM slots:   Main ATM — Used by most signals. Your standard risk profile. Aggressive ATM — Dedicated to early-entry signals that need tighter management. Vol Aggressive ATM — Dedicated to volume-driven entries where follow-through characteristics differ. Manual ATM — Used when you place orders yourself via BUY/SELL buttons. Falls back to Main if not set.   Each signal type routes to its assigned ATM automatically. You configure them once; Sentinel uses the right one every time.

When a signal fires, Sentinel draws projected stop and target lines directly on the chart using ATR-based calculations. Each line shows the distance in ticks, the dollar equivalent, and the risk-to-reward ratio. You can evaluate the quality of every setup at a glance before a single dollar is committed. Lines auto-remove when price reaches either level, keeping your chart clean as the session progresses.