Yes! I found the perfect, high-probability setup while watching my chart of Ford Motor Company. I knew that it had a high likelihood of turning a quick profit.

I promptly placed an order in my brokerage account for FORD – and got a fill.

I went back to my chart and just as I suspected, the trade went immediately in my direction. A tidy profit just as my backtesting would have predicted! I purposely don’t keep my P&L showing on my screen, so after a few minutes I checked… and my trade was negative!

Wait, what happened? I hadn’t taken a trade in Ford Motor Company (F) like I thought, but Forward Industries with symbol FORD. Whoops!

We’ve all been there – order entry mistakes are easy to make. It’s so common that when Ford Motor Company has big news, shares of Forward Industries often move substantially.

As the CTO of Trade-Ideas and a long time trader myself (I trade over 15 strategies daily), I know this first hand.

To counter this issue, we developed the ‘External Linking’ feature in Trade-Ideas. It allows you to create a link between Trade-Ideas and literally any brokerage platform or charting platform you use. When an alert appears in Trade-Ideas, simply double click on it to send the symbol to your trading platform WITHOUT having to type the symbol. No more mistaking FORD for F.

This feature doesn’t just prevent errors, but it also saves a significant amount of time, ensuring you don’t miss out on profitable trades.

At Trade-Ideas, we recognize there are many platforms that traders use and we make it as easy as possible to interoperate with any of them.

Learn more about External Linking in our User Guide.

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Dave Mabe is a trader and the CTO at Trade-Ideas. He helps traders make more money by improving their strategies.

You can also sign up for Dave Mabe’s personal newsletter here: davemabe.com