Springboard Algo

Overview:

The ARC_Springboard Algo is a price action-based automated trading solution for Ninjatrader which scans for price patterns to exploit reversal setups. These signal logic of the Springboard Algo does not use any indicators or exotic bartypes but rather uses a pattern recognition algorithim to identify specific candle sequences as a prerequisite for a trade entry. The design of the software embodies the philosophy that a simple core trade setup can be very effective when combined with a rich assortment of signal filter logic to optimize for the best conditions. Minimal data requirements result in very efficient processing and fast deployment. While this automated trading software can be applied to any timeframe, it is well suited for scalping smaller timeframes because recognizing the correct patterns and acting on them in real time can be next to impossible to do manually.

Purpose:

Traders need the Springboard Algo software because manually recognizing price patterns is time consuming and it is difficult to identify a valid trade setup and place your entry orders quickly enough. This causes you to miss out on most of the profits. When you take the time to optimize the algo settings for the instrument that you are trading, you can rely on the software to automatically trade the best setups and allow you to focus on strategy development and managing risk to protect your trading capital.

Elements:

1. Autotrade price action patterns for frequent scalp opportunities
2. Trade hidden reversal breakout setups
3. Fully customizable trade setup rules to optimize for any instrument
4. Fully automated trade plans with stop placement and up to 3 targets
5. Dynamic trade sizing including Fixed Dollar Risk and Percent of Account Balance
6. Comprehensive trend, momentum, and market structure directional filters
7. Dynamic Stop Placement based on volatility
8. AutoTrail and Breakeven strategies
9. R-multiple target placement
10. Time filters, Day of Week filters, and money management
11. On screen trade signals, entry/exit markers, stops/targets,  realtime P&L
12. Built In Backtesting and Optimization capability

Functions:

The Springboard Algo is best used by first selecting your favorite instruments to trade and identify a suitable timeframe such as 1 minute bars (although any bartype is compatible). Use the built in backtesting and optimization features to get a preliminary strategy configuration. Next forward test your strategy in live simulation mode. And once you achieve consistency you can deploy the algo using risk capital. Many traders take advantage of such a comprehensive autotrading solution by using freed up time to continue to focus on testing and improving their strategy. While it is important to monitor the algo while it is actively trading, it is still reasonable to be able to devote attention to strategy development work in the background. In this way you are always able to adjust to changing market conditions.

Problem Solved:

• Stops traders from missing out on difficult to identify reversal breakout setups
• Stops traders from entering too late and missing out on most of the profits
• Stops traders from sabotaging their trading due to indecision and fear
• Stops traders from dealing with the stress of manual trading
• Stops traders from failing to recognize price action patterns
• Stops traders from having to wait all day for one good trade setup
• Stops traders from trading against momentum, market structure, and directional bias
• Stops traders from failing to manage risk appropriately
• Stops traders from failing to identify the best days to trade
• Stops traders from failing to adjust to market conditions