Customizable Trading Time Frames
You have the ability to set your session time to only allow signals and back testing between your preferred hours.
For example, if you only want to trade within the first 2 hours of the day, you can change the session time to only allow signals that occur within those first two hours. You also have the option to signal you close all open trades at the end of your preferred session time.
Pro Tip: The hours you may think are best may be different than what hours are actually best. Experiment with the session time and find your best zone.
10+ Combinable Trading Conditions
We have combined many of the best performing technical tools together into one easy to use indicator to allow you to mix and match variables to find what best fits your trading style.
For example, you may want to enter a trade when the price is above the 50 EMA and has a MACD crossing up. You can do that. Or maybe you want to enter a trade when the 8 EMA crosses the 21 EMA, you can do that as well.
Pro Tip: Don’t settle for default settings for the conditions. Try adjusting one variable at a time to see if the statistics improve or worsen.
Adjustable Stop Loss/Take Profit with Trailing Stop Loss
One of the greatest features of our indicator is the ability to customize your trading strategy by defining your own stop loss and take profit ranges. You can set it based on a certain percentage or by an actual amount of price movement.
For example, if you are trading ES futures and would like to trigger your take profit at the point where the price has moved $10 in your favor (i.e. $5500 to $5510) the indicator will give a sell signal once the price has reached that point. Additionally, you can set your own stop loss as well. If you wanted to cut your losses after a negative movement of $5 in price (i.e. $5500 to $5495), the indicator will alert you to exit at that point as well.
In addition to this, we have included a trailing stop loss to maximize profits. Let’s assume your profit target of $10 in positive price movement was reached, but you’d don’t want to exit too soon; you can simply add a trailing amount in the Take Profit Offset.
For example, if your profit target of $10 was reached and you had a $2 Take Profit Offset, your exit signal would come once the price decreased $2 after reaching your desired profit target. However, if the price continued to rise up to $15 in price movement before decreasing, the exit signal would come after it decreased to $13, which provided an additional $3 in price movement and additional profit.
Pro Tip: Experiment with all of these settings to find what numbers actually suggest the greatest profitability and win rate. Try using amounts that aren’t what you would typically use (try $4.75 instead of $5, or an offset of $0.50 instead of $1) as you may find them to be the most profitable.
Convenient Results Table
We have integrated a convenient results table enabling you to easily view how well your strategy is performing. This display will make it easier for you to evaluate whether your particular strategy is optimized ideally based on your settings.
Pro Tip: Experiment with different settings for different time periods as you may find that different settings work better depending on the time of day. You may also experiment with different time intervals as well (3 minute, 5 minute, 15 minute, etc.).
Want More Features?
Submit your ideas and we’ll take a look at them. If we find that they perform well enough, we’ll add them to the conditions.