focused on professional low risk/high return trading
Built for both swing traders and longer-term position-takers, it is perfect for those seeking trades lasting from several days to several weeks.
Either way, the single goal is to help traders build a successful trading plan by identifying, evaluating and managing 'ideal trades' uncovered by the software, time after time. Whilst keeping completely focused on the Risk/Reward ratios essential for success.
Finding ideal trades, analysing risk/reward
outlooks, managing exit stop placement
At its core, the Trade Scanner automatically searches for a recurring and simple type of market movement (an 'ABC' correction-to-trend). In Standard Use, the Scanner can sift through your database of markets to find any chart showing an ABC correction which is not only at a critical price level but also showing specific signs of price reversal. The vital Analyze function both calculates and displays the Risk/Reward outlook of any such 'ideal set-up'. This helps assess whether its potential return sufficiently outweighs its initial (money) risk of loss - an 'ideal trade'.
The Initial Risk Calculator module determines the size of the position to trade. Using either the fixed or variable fractional method, this helps ensure that any initial loss is kept within the % risk parameters for the fund - 'ideal trade size'.
The Analyze display function projects the relevant Profit Targets for the trade onto the chart (including the price at which 100% of initial money risked will be covered and the price at which 2-3x risk will be made). This enables visual evaluation of Risk/Reward prospects and visual confirmation of the exit stop strategy - 'ideal trade management' and 'trading psychology'.
Longer-term & shorter-term trades can be identified easily by using the Major and Minor waves options in the software, while traders can also learn from history by checking previous examples of trade set-ups using the Historical Search module and Training Mode.
For Advanced Use, the Scanner allows other valid trade set-ups to be found within the MTPredictor process eg. Minimum & Maximum price zones for unfolding set-ups, early warnings of emerging set-ups, set-ups not showing an ABC sub-division etc. Time/volume/oscillator indicators can be used to add weight to set-ups, if desired. Expert traders can also use the selective library of advanced techniques (including manual analysis) to uncover set-ups. Advanced Use also allows expert trade management plans to be followed eg. multiple-position trading.