Trade PilotUpdated 4 min readBy the FXNOD team
How to trade manually on Deriv with Trade Pilot
Trade Pilot is FXNOD's manual trading screen for Deriv. Pick a market, pick a trade type such as Rise/Fall or Multipliers, set your stake and duration, read the payout Deriv quotes, and press Buy. The trade is placed on your own Deriv account and stays on the chart until it settles.
What Trade Pilot is
Trade Pilot is one screen with three parts: a live chart, a market picker and an order panel. You decide every trade yourself. It runs on the Deriv account you connected to FXNOD, demo or real, and you open it from Options in the FXNOD menu.
The ten trade types
| Trade type | What you are predicting |
|---|---|
| Rise/Fall | Whether the price finishes higher or lower than where it started. |
| Higher/Lower | Whether the price finishes above or below a target you pick. |
| Touch/No Touch | Whether the price touches a target at any moment before time runs out. |
| Matches/Differs | Whether the last digit of the final price is the digit you picked, or any other digit. |
| Even/Odd | Whether the last digit of the final price is even or odd. |
| Over/Under | Whether the last digit is higher or lower than a digit you pick. |
| Accumulators | The payout grows every tick the price stays inside a band, and the trade ends if the price reaches the edge. |
| Multipliers | The position follows the price with a multiplier. You cannot lose more than your stake. |
| Turbos | The price has to stay on your side of a barrier. The trade is knocked out if the price crosses it. |
| Vanillas | A Call or a Put against a strike. The payout depends on how far the price finishes past it. |
If a name is new to you, open the trade types guide inside Trade Pilot. It shows a short animation for each type, which is quicker than any description.
Placing a trade, step by step
Check which account is selected
The account selector shows whether you are on demo or real. Look at it before every session. It is the difference between virtual funds and your own money.
Pick a market
Open the market picker, browse by category or search by name, and star the markets you use so they are one tap away next time.
Pick a trade type
Choose one of the ten types above. The order panel changes to show only the fields that type needs.
Set the stake and the terms
Enter your stake, then the duration, target, digit, multiplier or growth rate, depending on the type. Multipliers and Accumulators also let you set a take profit, and Multipliers a stop loss.
Read the quote
Before you buy, the panel shows what Deriv will pay for exactly those settings. Change anything and the quote changes with it. Do not buy a contract whose payout you have not read.
Press Buy
The trade is placed on your Deriv account. The entry is marked on the chart and the position is listed until it settles. Where Deriv offers a sell price for an open contract, you can close it early from the position.
The chart
The chart updates with every tick. You can change the chart type, add indicators such as moving averages, RSI and Bollinger Bands, and draw on it with the drawing tools. Indicators describe what the price has already done. They do not know what the next tick will be, and on a synthetic index nobody does.
What it costs
Trade Pilot requires an active tool package. Review current pricing and access periods in Discover. The stake, the payout and the result of every trade are the ones on your Deriv account.
Questions people ask
- Is Trade Pilot the same as Deriv's own trading app?
- No. Trade Pilot is a separate interface built by FXNOD. It places trades on your Deriv account through Deriv's API, so the contracts and prices come from Deriv, but FXNOD is an independent product and is not affiliated with Deriv.
- Do I need to deposit money into FXNOD to trade?
- No. Trade Pilot uses the balance in your Deriv account. On a demo account that is Deriv's virtual money.
- Can I use Trade Pilot on a phone?
- Yes. Trade Pilot runs in a phone browser and there is nothing to install.
- Can I close a trade before it expires?
- For contracts where Deriv offers a sell price while the trade is open, yes: sell it from the open position. Some short contracts, such as one-tick digit trades, simply run to the end.
- Which trade type is best for a beginner?
- Rise/Fall is the easiest to understand, because there is only one question: will the price finish higher or lower. Easy to understand does not mean safe. A losing Rise/Fall trade costs the whole stake.
Try it on a demo account
Create an FXNOD account, connect your Deriv demo account, and use every tool with virtual funds.
Get started