Overview:
The ARC_Unizones Algo is an automated trading solution for Ninjatrader which exploits trade opportunities at key areas of interest (AOI’s) which are derived based on pure price action. There are 3 different types of zones which can be traded: Supply/Demand Zones, Orderblocks, and Traps (Fair Value Gaps). The software scans price action and displays Zones which represent good trade entry locations. A trade plan can be specified to control trade entry location, stop size, and up to 3 targets. There is also an option to define the stop distance as a function of the Zone size rather than a fixed distance for each trade. All of this combined with a comprehensive set of trade management, money management, and entry filter options make the Unizones Algo an excellent tool for auto trading price action-based support and resistance zones.
Purpose:
Traders need the Unizones Algo software because automating the process of tracking multiple zone types, adjusting risk based on zone size, and optimizing for the best strategies is very difficult to do manually. Once you configure the algo, you can be confident that your trade plan will be consistently executed with the added benefit of making it easy to adjust the strategy at any time. Money Management, multiple trade filters, trading time windows and Breakeven/Trail strategies give you all the tools you need to autotrade your favorite markets.
Elements:
- Autotrade Supply and Demand zones, Orderblocks, and Fair Value Gaps
- Ability to enter trades at the zone edge or inside the zone
- Ability to set stop size based on the thickness of each zone
- Utilize flexible zone filter to control frequency of zones
- Trade both reversal and continuation strategies
- Comprehensive trend, momentum, and market structure directional filters
- AutoTrail and Breakeven strategies
- Money Management (Max Daily Loss, Profit Goals, High Watermark Trail)
- On screen trade signals, entry/exit markers, stops/targets, realtime P&L
- Backtesting and Optimization
Functions:
The Unizones Algo is best used by configuring the algo strategy for your favorite markets and initially remaining consistent with your trading style. This makes it easier to remain within your risk limits. You can focus on your preferred Zone type or optimize to find the best. You won’t miss out on good opportunities due to the ability to choose from multiple zone types. Leverage the power of the flexible core trading engine to customize your trade plan, trend and momentum filters as well as enable money management to protect trading capital. The built in optimization and backtesting will help refine your settings. Lastly, always be sure to trade in Sim to establish stable performance before risking live capital.
Problem Solved:
- Stops traders from second guessing support and resistance
- Stops traders from missing out important areas of interest
- Stops traders from sabotaging their trading due to fear and uncertainty
- Stops traders from dealing with the stress of manual trading
- Stops traders from entering at the wrong place or time
- Stops traders from trading without optimizing their strategies
- Stops traders from failing to adjust to market conditions
- Stops traders from trading against momentum, market structure, and directional bias
- Stops traders from breaking their money management rules
