April 9, 2011
- in Uncategorized by schooloftrade
Automated Trading Software Review
Auto Trader
o It executes live trades on any market, any timeframe, and any number of contracts.
o We provide the code, you own the auto trader, you are NOT leasing
o We provide the exact settings to use, all you need to do is match the settings.
o It can take trades 24/7 if you wish
o If you don’t want to trade overnight you can easily do that as well.
o Most of my setting do NOT involved holding trades overnight.
o My goal when developing this strategy was to earn $1500usd/market/contract/month
o Gold = $1500/mo/contract
o Crude = $1500/mo/contract
o $2000 min to start (1% drawdown)
What is the best way to learn as a new day trader?
o Learn what the best patterns look like
o Learn what the entry trigger is
o Learn how to manage the trade
o Start on the Fast Track
o Streamlined and VERY SPECIFIC trading plan.
o It keeps it simple and does NOT allow for trading outside of your rules.
What is the 3 strike rule?
– I don’t want to get into the habit of cutting my winners early
– Patience is something we train you on, using the Fast Track Method
