By setting trade minimums, Advisors can tell the Autopilot trade engine when to remove individual buys or sells that are too small to justify a ticket charge.
Creating a Trade Minimum
You can find Trade Minimums in MENU > SETTINGS > AUTOPILOT > TRADE SETTINGS.
To set a trade minimum amount, simply enter a dollar value.
How are Minimum Trade Amounts Applied?
Once you've set the minimum trade amount, all future rebalancing will be analyzed for transactions where the total transaction amount (shares x price) is below the minimum. Autopilot then automatically removes these trades from your trading dashboard.
In the event that removing a sell order results in a client account having insufficient cash to purchase a buy order which exists in the same trade list, Autopilot will override the minimum trade amount and proceed with the sale. This prevents trade minimums from causing a client account to overspend and settle into margin.
If a Cash Distribution is scheduled on an account, Autopilot will override the minimum trade amount for SELL orders to ensure the Cash Distribution is fulfilled in the most efficient manner.