AT_Trader Algo Release Webinar
Overview:
The ARC_AT Trader Algo is an automated trading solution for Ninjatrader which uses trendline detection to scan for reversal setups when a trendline is broken. “The trend is your friend until the end” is the mantra of trend traders. But what happens when the trend is over? The AT Trader Algo software applies trendlines on the chart and captures the critical moment when there is an actionable reversal setup. When that happens, the price move is often quick and powerful, providing enough followthrough for either quick scalp trades or larger daytrades depending on how the algo is configured. While the market is trending, the trendline can be tested periodically which makes it difficult to know when the trend is actually over. The key is to have a proven scheme to determine what defines a valid trendline breakout. The software waits for the right moment and then enters into a reversal trade immediately when all conditions are met. The fact that this approach can be equally applied to either major reversals or minor reversals within a larger trend makes the AT Trader Algo a truly excellent reversal autotrading tool.
Purpose:
Traders need the ARC_AT Trader Algo software because it is too difficult to manually calculate all the conditions for a reversal setup on the fly in realtime. When using this tool, you can have the confidence that the rules for a trade setup are constantly being evaluated by the software and a trade will be entered immediately when all the conditions are met. In this way you can let the software do the heavy lifting and this allows you to focus more on monitoring performance and adjusting the algo settings when conditions change.
Elements:
- Autotrade trendline break reversal setups on any timeframe
- Control the frequency and type of trade signals with just a handful of settings
- Use Buffer Zones to control the amount of confirmation needed before entering a reversal trade
- Customize Stop placement based on market structure
- Utilize optimization functionality to get the best signals
- Apply fully automated trade plans with stop placement and up to 3 targets
- Utilize R-multiple target placement
- Comprehensive trend, momentum, and market structure directional filters
- AutoTrail and Breakeven strategies
- Utilize dynamic trade sizing to control Dollar Risk per trade
- Time filters, Day of Week filters, Holiday filters, and money management function
- Built in trade signal graphics, execution markers, stop/target graphics, realtime P&L
- Built In Backtesting and Optimization capability
Functions:
The AT Trader Algo is best used by selecting instruments with significant volume and volatility. Most markets will at times reverse against the dominant trend even if only temporarily. This provides numerous opportunities to profit from reversal setups. The key is using trendlines constructed from a large enough Zigzag Structure mapping so as to avoid too many false breakouts. This is where backtesting and optimization come in. Once you have a configuration that is profitable based on historical data, it is best to trade live in Sim to verify your settings. When you have achieved consistency in Sim, you can deploy the algo live. The automated trading system will follow the signal rules and pre-defined trade plan exactly as configured, so you don’t have to worry about execution and can focus on improving performance as well as periodically adjusting to changing market conditions.
Problem Solved:
- Stops traders from missing out on trend reversal setups
- Stops traders from getting in too late
- Stops traders from not knowing where to place their stops
- Stops traders from getting whipsawed by false breakouts
- Stops traders from not allowing the data to guide their strategy development
- Stops traders from trading without a well defined trade plan
- Stops traders from dealing with the stress of manual trading
- Stops traders from sabotaging their trading due to indecision and fear
- Stops traders from failing to adjust to market conditions
- Stops traders from failing to adjust their strategy to the instrument being traded
- Stops traders from failing to identify the best days and times to trade
- Stops traders from failing to manage risk properly
- Stops traders from trading against market structure bias
- Stops traders from trading without a good and easy way to compare performance of different strategies