Use the Platform to the Fullest: How to Customize It According to Your Strategy

August 7, 2022

5 min

Is it possible to make trading a little bit easier? Not really, as it is a complex business that involves learning and practice. But the practice part of it can be convenient and straightforward. The IQ Option platform is fairly intuitive, traders don’t need to spend a long time figuring out how to use it. However, there are certain features that only experienced traders know about and use. 

When you customize the IQ Option trading platform using the following features, it might help make your trading more effective. You may use them to customize the platform according to your unique approach and strategy. Try them all out to make your trading life just a bit more convenient!

Calculator

This one may not be a groundbreaking discovery, but isn’t it convenient when you can calculate your investment amount right there, on the platform? No need to go anywhere or search for your phone, simply click on the investment amount and find the calculator icon. 

The Calculator option on the IQ platform

This feature may be useful for traders who need to recalculate the investment amount constantly. It may also be handy for those who stand by the 2% rule and want to be precise in their calculations. Keep in mind that this feature may not be available to margin accounts.

‘Last amounts

Another great feature in the investment amount section is the ‘Last amounts’ option. There are presets of investment amounts on the platform for your convenience. However, if you always use the same investment amounts, you may find this feature useful.

The “last amounts” button in the investment section

Click on the ‘Last amounts’ button, and you will see the last 6 investment amounts that you have used in deals. You may use it to save time and always choose the investment amount that you need.

Indicator templates

Let’s say, you have one specific indicator combo that you like to use almost every time you trade. Many traders do, so this feature is specifically designed to help you apply the same indicators quickly, without spending time on finding them in the menu and changing their settings. To achieve that, it is necessary to save an indicator template. It can be easily done in just 3 steps:

  1. Open the indicator menu and choose the indicators you wish to save;
  2. After you applied them to the chart, find them in ‘Added’;
  3. Click on the ‘Save Indicator Template’ button and give the template a name.

“Save Indicator Template” button

Once the template is saved, you can quickly find it in the ‘Templates’ tab. It will be possible to access it on any asset. Now you can use your favorite indicators in seconds, without losing precious time.

The “Templates” section of the platform

Alerts

Did you know that you can receive notifications when the price reaches a certain level? It is possible to create alerts in two ways. The first way to do it, is to simply find a price point on the chart, for which you wish to receive an alert. As it is shown in the example below, simply click on the plus sign and then on ‘Create Alert’.

The alert button in the traderoom

Another way to do it is in the ‘Alerts’ tab, just click on the Create Alert button and choose the necessary settings. 

The ‘Alert’ section in the menu

Alerts may help a trader not to miss an important price change and enter or exit deals on time. It could be quite an important and helpful tool in anyone’s strategy.

Customize the left menu

The icons on the left side can be changed, switched places or removed! For instance, if you always use the Alerts tab, you can enable it in the settings and remove another, less important for you, icon. 

The menu customization setting

To do it, go to settings (click the settings wheel in the right bottom corner) and find the ‘Customize menu button’ in the ‘Appearance’ section. You can remove tabs or add those that you use daily for faster access.

As you can see, the platform offers plenty of different features to customize the IQ Option platform appearance and make it fit your particular needs and wants. Do you use any of these options? Check them out if you haven’t already!

What should you learn next? Turn the wheel to find out!

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