Did you take this Atlas Line trade today? What about the follow-up Strength (S) and Pullback (P) trades? If not, consider purchasing the Atlas Line to receive the same automated trading signals.
If you’re new to the Atlas Line, let’s break down what we’re looking at on the chart. Firstly, the Atlas Line plugs into NinjaTrader as an indicator. Once added to the chart, it will plot signals depending on price’s behavior in relationship with the plotted line. When two signals occur above the line, a Long signal will appear. When two signals appear below, a Short signal appears, as is the case here. Today’s short signal for the E-mini S& 500 (ES 12-18 in NinjaTrader) appeared around 10:00 a.m. EDT (GMT-4, New York time). This allowed plenty of room to get in on a winning short trade. According to the rules, you use the ATR (Average True Range) to determine the profit target and stop loss. This Short trade looks like it would have been worth well over three points. The reason for using the ATR is to allow a flexible profit and loss goal that’s based on recent price activity.
If price does not intersect and close twice on the opposing side of the line, you can still look for additional signals. These are the Strength and Pullback signals mentioned earlier. The rules for trading these are taught in the included training video and live training.
Many traders tell us they like the Atlas Line because of its mechanical nature. When a system takes the guesswork out of trading, there can be less stress and tendency to second-guess.
We offer two different license options: a 6-Month or Lifetime. If you want to upgrade to the Lifetime License, let us know within the first 30 days of your 6-Month purchase. We’ll gladly apply your 6-Month purchase credit towards your Lifetime upgrade.
How is your trading lately? Hopefully, your winners have been more sizable than the losing trades. Before checking out those feedback emails, take a look at this video that discusses ways to potentially avoid trading risk…
Also, here’s a number of screenshots of recent emails we received from our clients. It’s a good sign when someone continues to our methods long after the original purchase! Did you know that we offer discounts towards Mentorship based on past purchases? That’s right – if you purchased one or more of our trading methods in the past (Atlas Line, Trade Scalper, ATO 2, etc.), we can provide a discount towards our eight-week Mentorship Program. Our next class begins tomorrow, Oct. 9, 2018. It’s not too late to register. Click here for details.
Do you trade CME U.S. futures/indexes like the E-mini S&P 500? Well, it’s time to roll over your contracts again! The official rollover date is Sep. 13, 2018. You may have seen the reminder when starting up NinjaTrader earlier today. The NinjaTrader platform requires that you manually roll over your contracts. Fortunately, the steps are rather straightforward. We will be using thhe E-mini (ES in NinjaTrader) as an example).
Before we continue, just an update from one of our Mentorship students who found success when she traded using real money…
Want to learn the same strategies and get all of our courses and software, too? The next class starts Sep. 18, 2018. Click here for more details.
Back to the rollover…
Firstly, this rollover from ES 09-18 to ES 12-18 occurs on Sep. 13, 2018. If you try to roll over on Sep. 12, 2018, you probably won’t be able to select ES 12-18 as an option. On Sep. 13, 2018, before you start trading the ES, it may be wise to roll over your contracts. Some traders wait even longer, preferring to switch once the volatility has “transferred” to the new contract period. This usually occurs within a few days after the official rollover date. These traders prefer to trade whatever contract period has the most liquidity. We’ll leave it up to you. If you want to monitor ES volume, here’s the CME page to do it. Don’t wait until the actual ES expiration date, which is Sep. 21, 2018. See all future roll and expiration dates on this CME page. The next time you’ll need to roll over is Dec. 21, 2018.
How to Roll Over Contracts in NinjaTrader
1. In NinjaTrader’s Control Center, go to Tools > Database Management. The Database window should appear.
2. Providing you are following these steps on or after Sep., 13, 2018, you should see row for the ES and possibily other markets. NinjaTrader automatically detects which markets (aka instruments) need to be rolled over and lists them here. All you need to do is click the Rollover button and close the window. NinjaTrader will roll over everything listed.
3. Your ES chart(s) may automatically switch over to the ES 12-18. Check the top-left area of the chart window and see if ES 12-18 is displayed rather than the old ES 09-18.
Are you still not signed up for our eight-week training program? Our Mentorship Program teaches all of our trading methods in one comprehensive package. Training is twice a week. The next Group Mentorship class begins Sep. 18, 2018.Click here to enroll or find out more
In Group Mentorship, you can type your questions and get instant answers. One of our students completed the eight-week class and said some nice things about her experiences. See the screenshot below.
In case you’re wondering, we use Adobe Connect to conduct the training sessions. Adobe Connect is a webinar platform. We forwarded the chat log of this session to ourselves to take the screenshot.
In Mentorship, you can learn all of the same strategies she learned. All courses and software are included. The goal is for you to become a pro trader by the end of eight weeks. Aside from the live training aspect, you can log in and watch the recorded videos at your leisure long after the program is over. Of course, we offer continued email support for trading questions.
Also, we have a new trading video (see below) posted that shows the very popular Trade Scalper strategy. In case you’re new to trading, scalping is an approach that focuses on quick trades with the goal of making many small profits. The presenter here goes through a number of recent signals, showing both winning and losing trades. Click here to see the Trade Scalper or click here to see all of our offerings compared.
Want to learn how to day trade? There are three popular ways. Before we get into that, let’s reflect a little bit about day trading as a career – Labor Day is approaching, after all!
Day trading is appealing because retail traders (people who trade from home) often have no collegiate training. It’s considered a career option that requires no formal education, yet has the potential to produce income exceeding that of physicians and sports stars. We get it – you probably became interested in trading because of one or more of these ideas. Like any profession, learning to trade properly does require time and dedication. However, at DayTradeToWin, our goal is to shorten your learning curve and get you out there without wasting extra time or money.
Trial and error: unfortunately, this is a common route for many because we have a tendency to overestimate our abilities and refrain from taking others’ advice, including those who are more experienced. Have you ever started a home construction project to later regret that you did not get professional help from the start? Trial and error is great for learning, but you can easily find yourself in over your head quickly. When it comes to the markets, no one wants to be financially buried. Also, who has the time these days to try hundreds of trading strategies? And who has that kind of budget?
Reading books: thousands of books exist about the subject of trading. You can read recommendations and reviews, but the theories and approaches may not approach your particular style of trading. Is the person who wrote the book actually a trader or just an author? How abstract are these books – do the methods still work? Are the books interactive enough to be worth your time and money? Our students have told us that our videos and live training have been much more effective than traditional reading material.
Day trading coach that teaches his or her strategies: why try to reinvent the wheel? If you wanted to play the piano at a young age, you could mash the keys for a years hoping to hear something resembling Prelude No. 6, or your parents could have hired a coach (someone who knows how to play and knows how to teach) to put you on the fast track to success. Now that you are an adult, the reasoning here makes sense – it’s time to approach trading seriously. We have about 10 different trading strategies taught in our eight-week coaching program. Training is twice a week for about an hour each time. The goal is to learn all the methods so that you can tackle whatever the market throws your way. Click here to read more about Mentorship. Enroll today because the next Group class starts Sep. 3, 2018. We’ll send over the first week’s course and software so you can get started!
From all of us at DayTradeToWin.com, we hope you have a safe and happy holiday weekend! Remember that on Labor Day (Sep. 3), CME equities like the E-mini S&P 500 will halt early at 1 p.m. EDT and will reopen at 6 p.m. EDT. The EDT time zone is UTC-4 (New York time).
The market being traded is the German DAX (FDAX in NinjaTrader). In case you’re unfamiliar with the DAX, it’s kind of like the German equivalent of the E-mini S&P. Wikipedia defines the DAX as “…consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.” The European session is being traded, which opens at 3:00 a.m. US/Eastern time. Don’t worry – the Trade Scalper produces many opportunities throughout the day in many markets.
The first thing you’ll probably notice is all the Long and Short signals. You’re looking at the Trade Scalper indicator for NinjaTrader. This is not the same version that you will get. In fact, the version you will get is better because it draws a number of lines that guide your trading. We can’t show the customer version because it would be giving away too much. The Trade Scalper signal software looks for trades automatically and places signals. The signals let you know the direction price is expected to head. For those of you new to trading, Long means price is expected to rise. Likewise, Short means price is expected to fall. With trading, it’s possible to make and lose money trading in both directions.
The boxes that you see are simply measurements of distances between high and low price points so that you can get a better idea of potential profit or loss.
Check out that first losing trade! Yes, not every trade is going to be a winner. The goal is more winning than losing trades, or at minimum, the overall gains must outweight the losses. The Trade Scalper uses a maximum stop loss of six ticks to control loss on each trade.
The second signal looks like it would have been worth +3 ticks. With scalping, the concept is getting in and getting out quickly while stacking profits. With the Trade Scalper software, you can use an audio alert. This is helpful if you’re using your computer to work on other things (multitasking) and need to jump into NinjaTrader to place a scalping trade. Following signals makes it pretty easy. Of course, you will learn the method behind the signals. If you wanted to manually trade on a different platform using your understanding of the strategy, you have that option, too.
Interested in forex (fx) trading? Recently, we announced the ATO 2 would be coming to MetaTrader 5 and MetaTrader 4. Here’s a video with more information. Take a look at the short entry signal that appeared today for the EURUSD currency pair. This signal occurred soon after the London open.
Next week, we will begin supporting MetaTrader users. For about 10 years, we’ve focused exclusively on NinjaTrader. NinjaTrader is an excellent platform that we will continue to support. It’s also good that we branch out and support other popular platforms. MetaTrader is one of the most popular platforms for currency trading. For some time, we’ve received requests to support MetaTrader.
ATO 2 Details
• The ATO 2 (At the Open 2) method focuses on finding trading opportunities within the first or so after market open.
• Signal(s) usually appears within minutes after the open
• Profit target and stop loss are based on current market conditions, using “realistic” rules
• You fully learn the strategy, so you understand why the indicator signal is saying to go long or short
• Compatible with forex opens for New York, London, Frankfurt, Tokyo, and Sydney
• Uses a 5 Minute chart (“M5” in MetaTrader)
• No need to hold a trade longer than 20 min. The idea is to relax and enjoy the day after trading.
• Know when to trade and when to stay out to potentially mitigate some risk
• Easy to learn rules for entry and exit (systematic)
Here’s another example of how the ATO 2 and Atlas Line work well together. They both agreed the E-mini’s price would rise. The long signals occurred around 10 a.m. EDT. The prediction was correct. The online training video and live training explain how to interpret the signals and time your trades correctly. Remember that the ATO 2 and Atlas Line are normally sold separately. Our eight-week Mentorship Program (next class begins Aug. 14) includes all courses and software. Mentorhip is the best way to get everything in one complete package.
This video also covers indicator installation. We’ve discussed this in previous videos. By the way, we provide our clients with remote support to help with such installation. It’s a good idea to keep the indicator .zip files around after they’re installed. If you get a new computer or need to restore your current one, using existing files is faster than our (already fast) customer support.
Have you been following the January Effect in 2018? We posted a video earlier in the year. Since April, we’ve seen E-mini price rise overall. This has provided swing trading opportunities. Most of the time, we focus on intraday trading. If your trading account can handle positions held through multiple days, review the strategy. Note that price needs to surpass the 50% level to prove the market is ready. The Fibonacci tool in NinjaTrader (and possibly other platforms) can be configured to only draw 0%, 50%, and 100% levels. We use the tool to determine the halfway point between two price values. If your platform has a measure or line tool, that may work, too. Once you get in above the 50% level, the idea is to ride the price up and get out with profit. In some cases, we’ve seen how the January Effect, especially using a daily chart, may give us an indication of the day is expected to trend or not. Of course, nothing is guaranteed.
Interested in getting a deal on both? We have a special sale going on right now for the ATO 2 and Atlas Line when purchased together. Contact us at [email protected] for details. The Mentorship is also a great way to get all of our courses and software (see below).
The ATO 2 and Atlas Line produced a long (buy) trade signal that matched up really well. When multiple strategies confirm the same direction, we tend to feel more confident. In this video, the E-mini S&P is being trading with NinjaTrader 8. Look at the Long signal generated by the Atlas Line at 10:20 a.m. EDT when the bar closed at 2822.75. We placed a buy market order soon after the signal appeared.
By the way, you can set up these signals to play a sound file in case you’re away or doing other things on your computer.
Take a look at the profit target and stop loss in play. See how they automatically appeared with a green line on the chart? That’s because prior to this trade, an ATM Strategy was set up. ATM Strategies let you predefine profit targets and stop losses. The ATM Strategy in use here uses a profit target of 2 points and a stop loss of 4 points. If the profit target is hit when trading with one contract, that’s a profit of $100 on the E-mini S&P. Of course, you can trade with more contracts (providing you have enough funds in your broker account). For example, 2 contract would produce $200 in this example, before any broker commissions are applied. Remember that you can fully practice sim trading the Atlas Line and ATO 2 with NinjaTrader. If you need help with this, let us know. NinjaTrader is free to use for sim trading (as well as MetaTrader).
Yes, you can change your profit target and stop loss while in a trade in order to adapt to real-time conditions. However, doing so places you “at the back of the line” so only do this when it’s necessary. If the trade is going against you (according to the rules of the strategy), then it may be best to simply close the position via the DOM.
In case you’re new to trading, a profit target is your “goal” for how much you want to make (always keep it within reason) on a trade. The stop loss is how much you are willing to lose (keep this within reason as well). Too small of a stop loss can result in an early loss that may have turned into a profit had the stop been larger. A stop that is too large simply opens you up to too much risk if the trade goes against you.
With both the ATO 2 and Atlas Line strategies, we use the ATR (Average True Range) to first determine whether the market is good to trade (a good amount of volatility). Next, we use the ATR to determine our profit target and stop loss for each strategy. As mentioned, we like to keep the profit target and stop loss within reason. There’s a quick mental math formula for this that is explained in the training materials provided with the purchase of both strategies. In short, the market can possibly produce a bigger profit in faster conditions, so we use a larger profit target when the market is more volatile. The inverse of this is true, where slow conditions require a smaller profit target. The same idea is used for stop losses. For the Atlas Line, we actually have three different stop strategies we teach for various conditions. It sounds advanced, but most people get the hang of it rather quickly.
The light gold market in the price axis of the chart indicates the entry position. Price movement relative to the entry position dictates the profit or loss. The DOM shows profit and loss in real-time, as does the text (green in this case because of the profit) that’s “connected” to the entry position on the chart.
Overall, the main idea of our strategies is to let price “show us what it wants to do.” We follow price action. Get in and get out with the least amount of risk and using confirmation as much as possible. We want to keep it simple and realistic. No need to stay in trades for longer than we have to.
The next Group Mentorship class that begins on Aug. 14, 2018 is the best way to get all of our courses and software with live training. Training occurs over eight weeks. We teach you all the strategies. Every class is recorded for later playback/review. We can also provide remote support to help with installation and configuration of your trading platform. The live training room allows you to ask questions. We also provide email support for your trading questions.
Our powerful ATO 2 trading software will soon be available for MetaTrader 4 & 5. We are currently applying the finishing touches to the indicator and finalizing testing. Many traders have asked us to support MetaTrader because it’s one of the most popular platforms for forex trading. Well, the time has come!
We are providing a special 20% off discount for the ATO 2 for the first 10 people who purchase.
Note that you are purchasing the ATO 2 in early access. The ATO 2 indicator will be provided to you as soon as it is complete (approximately within two weeks – subject to change). Lock in your savings now and we’ll send over the indicator once it’s ready!
The final version of the ATO for MetaTrader 4 & 5 will include:
Automatically ATO 2 shaded regions and entry lines
Supports for all major 24-hour forex opens (NY, London, Tokyo, Sydney)
Support for futures markets (MetaTrader 5)
Customizable colors and other settings
Live training, online training video, and email support included
Is the ATO 2 for NinjaTrader still available?
Of course! We are just rolling out support to a new trading platform.
I have the ATO 2 for NinjaTrader. Can I get the MetaTrader version for free?
We only support one platform per customer. If you would like to permanently transfer your NinjaTrader license to MetaTrader, contact us at [email protected] Please be sure that you will only want to trade with MetaTrader in the future. If you use our other products as well (e.g. Atlas Line), it’s probably best that you wait until we have our other products available for MetaTrader.
Is this version superior to the NinjaTrader version?
Both are equivalent and will produce similar signals. There are some visual differences in how the signals are represented.
All trades should be considered hypothetical. No guarantees or claims of performance are offered. Past performance is not indicative of future results. Day trading is risky and may cause substantial financial loss. Individual performance may vary, as trading subjects your finances to new, unexpected market conditions. You are responsible for executing trades. Before trading, consult with a licensed broker and a financial expert see if day trading is suitable for you.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH TRADING FUTURES CONTRACTS CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION SINCE ALL SPECULATIVE TRADING IS INHERENTLY RISKY AND SHOULD ONLY BE UNDERTAKEN BY INDIVIDUALS WITH ADEQUATE RISK CAPITAL.
ANY ADVISORY OR SIGNAL GENERATED BY DAY TRADE TO WIN IS PROVIDED FOR EDUCATIONAL PURPOSED ONLY. ANY TRADES PLACED UPON RELIANCE ON WWW.DAYTRADETOWIN.COM SYSTEMS ARE TAKEN AT YOUR OWN RISK FOR YOUR OWN ACCOUNT. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. WHILE THERE IS GREAT POTENTIAL FOR REWARD TRADING COMMODITY FUTURES, THERE IS ALSO SUBSTANTIAL RISK OF LOSS IN ALL TRADING. YOU MUST DECIDE YOUR OWN SUITABILITY TO TRADE OR NOT. FUTURES RESULTS CAN NEVER BE GUARANTEED. THIS IS NOT AN OFFER TO BUY OR SELL FUTURES OR COMMODITY INTERESTS.