SnapSold FAQ (Frequently Asked Questions)
Futures are financial contracts between two parties, the buyer and the seller. Unlike stocks, however, futures are to be bought/sold for a specified price, on a specific day, in the future. To clarify, the seller must sell, and the buyer must purchase the asset at the set price, without regard to the market price at the expiration date.
SnapSold trading algorithm currently works with NinjaTrader 8. It’s the most reliable platform that provides seamless integration with all major brokers.
The platform can be connected to any broker which supports NinjaTrader. However, we recommend Kinetick – one of the best Real-Time and Historical Market Data provider for analyzing the world’s leading markets of futures, FX, and stocks. You’ll also be able to personalize your platform by building custom strategies and indicators and simulate different scenarios to sharpen your trading skills.
The main feature of SnapSold is its simplicity and clean design. Without all the clutter in the form of ancillary indicators, it’s much easier to focus on the essentials of trading. It can still be a little overwhelming at the beginning, but we are here to help you learn the program and adjust the settings up to your trading style.
Any markets. You won’t have any restrictions on times to trade, the number of trades a day, share size, or contracts.
Absolutely. You can trade any markets worldwide, without any restrictions on trading times.
Yes, the feature is built into the software.
Yes, every signal is designed to work on its own, so you can use SnapSold trading algorithm on several instruments at the same time.
There is no risk-free trading system out there. No matter if you are trading futures, Forex, or stocks, there is always risk involved. You should only trade with the amount you can afford to lose.
For futures, for example, an investment of $10,000 would be a minimum if you plan on trading full contacts. With micro contracts, on the other hand, you can start with as little as $1000 or $1500.
While there are a few rules that you need to learn that apply to future contracts only, such as expiration date, you’ll have no problem getting up to speed with futures trading.
This depends on each trader’s risk tolerance and Trail Stop settings. For day trading, we recommend risking no more than 1% on every trade.
Unfortunately, there is no definite answer to this. There are many factors to this, such as the pace of the markets and times of the day. For day traders, some trades may be over in a few minutes, while others may last hours. SnapSold trading algorithm allows you to set take profit level and will close the position as soon as the market price reaches it.
The license is valid for one computer only.
Check the NinjaTrader 8 minimum requirements. As of now, it supports Windows 7, 8, and 10 without any issues.
Easy. We’ll just need to change your machine ID in our database, and you are good to go.
If there is an issue encountered with the system or strategy provided, we offer email support. All inquiries will be answered within 24 hours during business days.
Our strategy could be used a set-and-forget; however, for our customers we provide recommendations on an advanced and comprehensive trading system. With the number of features and the amount of functionality SnapSold offers, you should definitely expect a learning curve in place. With our automated trading strategy, you’ll get a top-notch manual that walks you over the parameters and functions of the tool, everything you need to know to use SnapSold to your advantage.
Unfortunately, we aren’t able to offer free trials. The system in place is designed for serious traders only. We need time to train and support SnapSold’s paying customers.
However, we offer a 2-week trial for only $499, which will be credited towards the software application purchase, if done within 30 days of the trial.
Orders & Returns
As per the CFTC Risk Disclosure Statement, no guarantees can be provided regarding future performances. Never risk capital you aren’t ready to lose. Please read our Risk Disclosure for further information.
Due to the nature of the industry and digital products, all sales are final. You are responsible for reading the Terms and Conditions before purchasing a licence.