March 22, 2011
- in Uncategorized by schooloftrade
Automated Trading System Strategy Review Mini Russell and Gold
Here’s an update on the automated trading system from Monday. Last time we checked we were waiting for Gold to take profit and the Russell was flat.
Lets see if Gold made that final target we spoke about on Monday…
You can see this automated trading strategy got short @ 1431.7 and took a nice big profit at 1421.8 for 100 ticks of profit, or $1,000usd for each contract you traded.
Now the gold is short from 1424.9 with a target of 14.9 for another 100 ticks of profit.
These look great, but let’s look at the last 30 days of activity to make sure we’re ALWAYS making money, no matter what time of year, or type of market.
You can see we are hitting our monthly goals of $1500/contract/month so we are happy!
Low draw downs, never over-trading, wide targets and tight stops is a recipe for success on this automated trading system for gold.
We can’t forget about the Russell…our favorite of the e-mini’s
You can see the E-mini Russell took a loss early this morning for (-30 ticks) but we got right back into a winning trade for 60 ticks of profit.
Wait a second…risk 30…to make 60….i can get down with that J
We use a 1:2 risk/reward ratio to make sure we always make money in the most difficult trading environments.
This looks lovely, but lets make sure we have profit over 30 days…
Ok! We clearly have lots of profit on this automated strategy. $8000 over 30 days, that exceeds our goal of $1500/contract/month by a long shot!
Don’t forget the basics about the Auto Trader:
– Included with Advanced Membership
– Avg $1500/mo/contract (no overnight)
– Trade as many markets as your account will allow
– Requires $1500/contract you want to trade
– Does 100% of the work for you
– Flat Overnight = Low Risk = Low Margins
– Entry, Exit, Trade Management, everything
– Small Drawdown = Great equity curve
– Low Risk Reward Ratio (20tick stop / 80 tick target)
– Licensed to the individual trader
– Includes all future up-dates and 24/7 tech support
– Easy to incorporate with our Live Trade Room discretionary trading methods
– ‘Set it & Forget It’ Day Trading
– Has no monthly fees
– Runs on NT 7.0
