November 8, 2011
- in Uncategorized by schooloftrade
Euro Automated Trading Strategies; Day traders chose how to use it
We’ve worked hard to develop the best Automated Trading Strategies that will work on any market, with any account size, and allow the trader to decide how they use it to meet their goals.
Here is an excellent example of two (2) ways you can use this Automated Trading Strategy.
First, you can use this Automated Trading Strategy as a 100% fully-automated system. It will take the trade, manage the trade, and never miss a trade because of fear or emotions.
Fully-Automated Trading Strategies are great in many ways. You don’t need to do anything, they do ALL the work for you. Some traders love this ability to ‘set it and forget it’ while some traders like a different type of Automated Trading Strategies…something with more control.
The second way to use this is very exciting, and the snapshot below is a perfect example of how effective a manual exit can be when used correctly.
Let’s compare the 2 trades the Euro took with this Automated Trading Strategy over the last 2 days. You can see 1 winner, and 1 loss. The winner was easy, but the loss, it clearly could have been saved, but the computer doesn’t know where the additional resistance was because it lacks the intelligence of a human trader to adapt.
Look what happens when you add some trend lines to this Automated Trading Strategy on these charts! It’s easy to see the first trade was a straight winner. No resistance in the way, it was easy. The 2nd trade is the great example. The profit target for fully-automated was up at 1.3900, but it’s EASY to see that a simple trend line would have found a better target around 1.3880, which is why we LOVE the way we are using this Automated Trading Strategy with a discretionary exit.
There are many reasons this discretionary exit is effective: It never misses a trade ENTRY, it doesn’t have FEAR, and when you combine this Automated Trading Strategy with our simple trading plan you can easily some amazing results.
Take a look at our 90 day results trading the Euro with this Automated Trading Strategy on 100% automated. This is NOT using the discretionary exit, and you can see how powerful this is.
$13,990 Net Profits – $510 in commissions (yes, that’s all) = $13,480 profit over 90 days
$4,490 net profits per month trading 1 contract using our Automated Trading Strategy
I love this Automated Trading Strategy because it doesn’t take too many trades (1 per day) and you can see from the long term results this has been making money over the long run with no problem.
Anyone can use our Automated Trading Strategy, for any market, any risk tolerance, and any account size. These numbers are based on ONE CONTRACT, so do the math with larger contract sizes!
