Yesterday, the E-mini produced great trades for the Atlas Line and ATO 2 proprietary indicators. The first of the NinjaTrader entry signals was generated by the Atlas Line at 2442.75. Soon after, an ATO 2 entry signal appeared at 2443. These signals occurred about 10 minutes from each other. You can count on the Atlas Line generated a generate within the first 30 minutes of market open (and usually one or two more later in the day). Because the Atlas Line can provide an indication of expected market direction so early, the ATO 2 is a perfect accompanying strategy.
All clients who use the Atlas Line and ATO 2 receive the same signals as John Paul. You are taught a total risk/trade management strategy. The ATR (Average True Range) is used to assess risk in the moment. This ensures trading goals are within a reasonable amount. There’s no need to extend your account and take on more risk than is necessary. The Atlas Line and ATO 2 are sold separately. The only time they are included is in the eight-week Mentorship coaching program.
Later, an ATO-C trade appear. This denotes an ATO 2 Trade Chaser setup. These are potential money-making opportunities that occur after the main signals. Watch the full video to see how this trade panned out in real-time. Notice how the Atlas Lines Strength trades (small S letters near the candles) coincide with the ATO signals. Again, another example of synergy between the two strategies.
Beyond NinjaTrader Entry Signals
John Paul was able to place the profit target and stop loss quickly because of predefined values. Configure an ATM Strategy and select it in the SuperDOM. The next time you place a trade, the profit target and stop loss will be placed for you. When using a 5-min chart, timing is very important. Combine an ATM Strategy with the Bar Timer to time each trade perfectly. Yes, ATM and the Bar Timer are included for free as part of NinjaTrader.
If you want to be a professional trader using the ATO 2, Atlas Line, and a whole bunch more methods, sign up for the next Group Mentorship class. The next eight-week class begins July 11, 2017. Classes are Tuesdays and Thursdays at 6 p.m. EDT. All courses and software are provided with lifetime licenses. Each training session is recorded, so you can log in and refresh through playing back videos.
On June 13, the ATO 2 software for NinjaTrader 8 generated a signal worth 7 ticks or 1.75 points. The entry price was 2432 and the profit target, based on the ATR (Average True Range) was 2430.25. To compute the profit in dollars, remember that the E-mini is worth $12.50 per tick. This trade is worth seven ticks, so do $12.50 x 7 for a profit of $87.50. If you were trading 10 contracts, the profit would have been $875. Note that the profit here is an estimate and does not include broker costs, slippage, or other potential trading expenses.
Of course, the best time to trade the ATO 2 is when the ATR is at least one point. At market open, certainly on the E-mini S&P, price often exceeds the one-point minimum. On average, the ATO 2 fires off a couple signals per day. You may also see a Trade Chaser trade (notated as ATO-C on the chart). These Chaser trades provide additional opportunities. It’s sort of like the ATO 2’s Pullback or Strength signals, only a much different pattern. The ATO 2 works for markets other than the E-mini. Think of how many markets become volatile when they first open for the day or around the time the big markets open for trading (e.g. 9:30 a.m. US/Eastern).
What Else Is Included With the ATO 2 Software?
In conclusion, with purchase of the ATO 2, you will receive the digital course and live training. The training covers all aspects of finding the patterns manually and using the signal software. In addition, you receive a training video from a previous live training session. Combined with email support for trading questions and optional remote support for installation, it’s a great deal. What else is included? The bonus ABC software and bonus “How to Trail a Stop” video. Yes, you are given an additional signal software that compliments your ATO 2 trades.
Don’t you just love it when multiple trading strategies agree on market direction? That’s what we see here on this E-mini chart using the Atlas Line and ATO 2 software on NinjaTrader 8. The Atlas Line’s Strength and Pullback trades are also in the long direction. Later in the day (in section B as John Paul calls it), the Atlas Line produces a Short signal. Two closing trades below the line is what caused the signal. Based on the ATR, the profit target is around two points. Price did reach the profit target. Price action has been slow lately, but because the market tends to operate in cycles, John Paul believes volatility will soon pick up.
You’ve probably seen other videos explaining how the ABC method works. On the June 9 chart from the video, notice the A section of the day (shaded yellow). The market tests this range. Subsequently, short Atlas Line Strength and Pullback signals occurred. In addition, notice how the ATO 2 short signal appeared right outside the range of A. The ABC software seen on the chart produces signals. An ABC signal appears right after the ATO 2 signal. John Paul advances the video, and sure enough, look at that trend. What a great display of three separate strategies confirming market direction.
The ABC generates a signal late in the day around the late-day sell-off time. Volatility is good at around 11 ticks or three points. Remember to have your stops ready. Use NinjaTrader’s ATM Strategy feature to have the platform apply them automatically. Follow what price action tells you – don’t guess!
Multiple Trading Strategies, One Program
What’s the best way to get these three trading strategies at a low price? We have a new Mentorship class that starts June 19, 2017. All of our courses and software are included. You’ll walk away a pro trader with over 10 price action strategies in your arsenal. You’ll be able to spot the same trades John Paul sees on a daily basis. In addition, you’re provided a full practice environment that DayTradeToWin.com can help setup for free via remote support.
Do you know how to roll over contracts in NinjaTrader 8? If not, now is the time to learn! Very soon, if your contracts are not rolled over, you will end up with empty charts. The official rollover date for CME equity index futures was June 8, 2017. The next roll date is in September, 2017. For example, you will be rolling from the ES 06-17 to ES 09-17. These types of markets expire on a quarterly cycle: March, June, September, and December are all expiry months. The exact date of expiration varies, but NinjaTrader provides a warning message when it’s time.
Rolling over in NinjaTrader 8 is much easier than in NinjaTrader 7. In version 8, simply go to the Control Center > Tools > Database Management > all instruments (markets) needing a rollover will automatically appear in the list > click Rollover. If you have any charts open, they should immediately update to the new contract period. If not, go to the upper-left corner of the chart and select the market, e.g. ES 06-17, go to Futures, and select the new contract period.
Do You Have to Roll Over Contracts on the Expiration Date?
Some traders do not roll over on the expiry date. Instead, they wait until the bulk of the trading volume transfers to the new period. This usually takes a a day or more. See the CME website for updated trading volume. As of today (a day after the expiry date), the September contract’s volume is finally greater than June’s.
What happens when a market opens? Most often, volatility increases and the market maintains a direction for a few candles. The ATO 2 (At the Open 2) strategy from DayTradeToWin.com focuses on finding such trades. Yes, a specific pattern exists that you can apply to find winning trades in markets like the E-mini S&P. To make it even easier, the ATO 2 indicator for NinjaTrader 8 plots entry signals on your chart. These signals tell you exactly when to place trades and the anticipated direction.
What about the profit target and stop loss? The ATO 2 is designed with risk in mind. The ATR indicator (common on most platforms) is used to determine profit target and stop loss. Configure the ATR with a period value of four. Go back to the chart. See how the ATR line increases when there’s more movement? Well, if the ATR value is above 4.5 points or so, then the market is moving too fast to trade. Similarly, if the ATR is below one point, the market is too slow. Don’t trade and avoid the chop. Overall, the ATO 2 is adaptive based on realistic goals for current market conditions.
What About the ATO 2 Signals?
The ATO 2 produces two types of trades: regular Long and Short signals. There are also ATO-C trades, which stand for Trade Chaser signals. Trade Chasers are follow-up trades you can take to try to recover or add to existing gains. All of the signals are taught during the live training and included course.
At this time, the ATO 2 software is available for NinjaTrader 8 only. If you need to download NinjaTrader 8, DayTradeToWin.com support can assist. You will be able to practice with real-time markets and log performance in simulation mode. It’s a great way to practice.
Recently, the E-mini has been volatile. On the day this live webinar was recorded, there was a scheduled FOMC news event. Generally, market activity is choppy right before the event comes out. That’s because traders are waiting on the sidelines. Once it comes out, expect increased volatility.
Day trading is intimidating. Learning how to use NinjaTrader, or your preferred trading platform, can be difficult. A trading platform is the main or base software a trader uses to interact with a market. NinjaTrader 8 is an example of such a platform. Within NinjaTrader, there are hundreds, if not thousands of individual features and settings to be used and configured. Day trading is risky as it is. When you add the platform’s complexity, it’s difficult to know if you’re doing it all correctly.
DayTradeToWin has attempted to simplify the process of learning how to day trading. In this video, a presenter tackles the basic setup and operations of the NinjaTrader platform. Learn day trading using the accompanying Get Started Trading Guide.
NinjaTrader 8 has numerous performance improvements. Most traders find it easier to use compared to the previous version. For example, you can easily open a chart via New > Chart > navigate through the type of market/instrument (e.g. futures) > configure the settings on the right > click OK. A chart will appear. On the top of the chart, enable Chart Trader’s hidden mode and the crosshair. Optionally add new charts to the same floating window via the tabs at the bottom.
How to Use NinjaTrader Video
Downloading and installing NinjaTrader
Obtaining a live futures data feed for practice (sim) trading
Correctly applying a data feed
Opening a chart and recommended settings (Chart Trader, crosshair, etc.)
Navigating between charts using tabs
Installing and applying indicators
Saving configurations (presets, templates, and workspaces)
Tracking performance using Account Performance
Installing indicators is straightforward. Go to Tools > Import NinjaScript Add-On > navigate to the folder containing the downloaded indicator .zip file and select it > click Open or OK > the indicator should import successfully. Next, right-click the chart > Indicators > find the imported indicator and double-click it > configure any desired settings on the right > click OK.
The E-mini S&P operates in trading cycles. Periods of volatility are meet with periods of stagnation. When there is considerable rise, the market will eventually stall and drop. In this webinar, John Paul discusses how to anticipate these conditions and what to do when they occur. He advises trading when the ATR (Average True Range) is between one and four points. Generally, these conditions occur within the first 2.5 hours of the day.
Be careful when trading at the end of the day. Traders are squeezed out of positions near the close of the session. A rise in volatility is also common at the close.
As seen in the video, the Atlas Line’s backend for NinjaTrader 8 is straightforward. You can set an alert sound that plays when a signal fires. You can set the market’s open time. This is the basis for the software’s internal calculation. There are a few different types of signals provided. There are regular Long and Short trades as well as S (Strength) and P (Pullback) trades. The goal is to manage each trade with a variety of exit strategies (profit and loss).
The news indicator for NinjaTrader 8 provides noteworthy financial news directly on the chart. Watch for high-priority events for countries that are related to the market you’re trading.
Roadmap Software vs. Trading Cycles
One great way to determine when cycles may start or end is to use the Roadmap software. Trending days typically occur back-to-back. Switch to a daily or hourly chart to see how long the candles are (red or green) and look for groups of three or more candles.
The Mentorship Program gives you an opportunity to work directly with John Paul. Learn all of his trading methods, from the revised ATO 2 strategy to the Roadmap and the Blueprint trade. Students receive about 10 different strategies taught live. You will receive all trading courses and software with lifetime licenses. You will learn from recent charts, including the current day.
John Paul from DayTradeToWin released a video showing his new ATO 2 software for NinjaTrader 8. In the video, you can see four consecutive days of winning signals. The goal of the ATO (At the Open – see a review here) is to go for over two points every day and be done by noon. The software and underlying strategy is based on price action. This means no complex equations, indicators, or tricky rules. No guesswork is involved. You fully learn how to find the trades on your own. Most traders prefer to use the automated signals.
What about the trades? Well, when you see an ATO Short signal, this means price is expected to drop and it’s time to place a trade. Similarly, ATO Long signals expect price to rise. The software generates these signals to allow enough time for you to use the SuperDOM or Chart Trader to place a trade. Four days of the E-mini are reviewed. Yes, the E-mini is the recommended market for the ATO method.
Notice the ATO-C signals. These are Trade Chaser signals. Think of them as follow-up trades that you can take later to possibly recover from earlier market activity or add to existing wins. Do not expect many trades beyond noon, US/Eastern. By that time, the market usually slows down. In the afternoon, you can use another strategy such as the Atlas Line, Trade Scalper, or others taught in Mentorship.
Like other strategies taught by DayTradeToWin, the ATR (Average True Range) determines the risk and reward. In the course and included live training, you will learn how to easily determine where to place the profit target and stop loss. Trading is risky. Only trade with money that you can afford to lose.
What’s Included With the ATO?
Two bonuses are included with purchase of the day trading course: the How to Trail a Stop video and the ABC software for NinjaTrader 8. Yes, the ABC software provides entry signals. The ABC is a nice addition because the method can find additional trades in the afternoon. Of course, expect the same highly reviewed support, optional remote installation assistance, and a training video for the ATO strategy itself.
NinjaTrader 8 has been out for a while. Now that the platform has proven its stability, many traders are making the switch from NinjaTrader 7. After installing NinjaTrader 8, you may be surprised to find a few differences. Firstly, the platform defaults to a dark color, straying from the grey look of version 7. In addition, the Control Center’s menus have been rearranged. Instead of managing data feeds and accounts via Tools > Account Connections, use Connections > Configure. Rolling over contracts is handled by Tools > Database Management with designated buttons. Rolling over is much easier now. Indicators are now imported via Tools > Import > NinjaScript Add-On. Like the previous version, the main features of the platform such as charts, SuperDOMs, Strategy Analyzer, etc. are in the New menu.
Navigating around menus, opening charts, and multitasking within the platform may seem a bit snappier, too. That’s because the NinjaTrader 8 uses multithreading to distribute various tasks to system processors. Market data is more precise. Data is delivered at sub-second intervals. Also, historical bid/ask data is is now stored with each last trade tick. If supported by your broker, the long-awaited MIT (Market-If-Touched) orders feature will place an order if price touches a specific value. In total, NinjaTrader claims there are over 500 enhancements.
NinjaTrader 8 – Best Indicators
DayTradeToWin’s trading indicators is now entirely compatible with NinjaTrader 8. Yes, you can use the Atlas Line, At the Open (ATO), Trade Scalper, ABC, News, Multilines, and Roadmap. Most of the indicators have been updated/enhanced in some way. In addition, the default colors have been tested to work with both light and dark charting themes. The recorded webinar shows John Paul using the indicators with real-time data. New clients will automatically receive the new versions. Clients with active licenses who wish to upgrade may email DayTradeToWin’s support team for assistance.
DayTradeToWin has been in the educational day trading industry for over 10 years. They’ve seen popular trading systems come and go, trading schools disappear, and brokers implode. It’s a regulated, demanding industry. Their expertise can help your trading. The day trading courses and systems are designed for beginners as well as advanced traders. Every few weeks, you have the opportunity to join a new eight-week coaching class. This class is called Group Mentorship. It teaches you price action fundamentals. Over 10 strategies are included.
One way to reach people who are interested in becoming day traders is to conduct live webinar presentations. A live webinar gives you the opportunity to sit in front of a real-time chart and see the same candles/bars plot and get the same signals as though you were really day trading for income. Of course, there are some differences, but overall, the feeling is very much the same. Getting an understanding of a trading platform like NinjaTrader can be intimidating. However, the learning curve is lessened with the live training and customer support from DayTradeToWin.com.
There are two main ways you can approach day trading: figure it out on your own by trial and error or by paying for education. The former is very costly. The market will eat up your money, especially if you don’t know what you’re doing. In addition, the only time you have to play with the market is when you’re trading with live, real funds. You won’t be able to get any good real-time practice in. Instead, DayTradeToWin.com offers a real-time learning environment with the NinjaTrader software. You can practice with real-time charts as though you’re trading with a real account. No money or risk is involved. Also, you’ll get to learn a few trading methods that will help you stay objective.
DayTradeToWin.com Trading School
Live webinars provide beginners and advanced traders alike a way to gauge the style and performance of a trader who is offering his or her products. Take a look at this recent live webinar conducted by John Paul of DayTradeToWin.com. You will see that he makes an effort to answer all of the questions in the room and provides honest answers. In fact, he even says he prefers trading 5-min charts over scalping and using 1-min charts. For him, bigger moves and fewer trades are better. However, every trader is not the same. You might find that you prefer taking more trades with smaller profit targets. That’s one of the reasons he provides the Trade Scalper course.
What’s the best way to become a professional trader? DayTradeToWin.com’s Mentorship Program. In Mentorship, you receive all the courses and software with lifetime licenses. You’ll learn over 10 strategies. Training is twice a week for eight weeks. You have direct, live access to your teacher during the lessons. Afterwards, you can email him with any of your trading questions. The support team can also assist with installation of the materials. There’s no other program on the market like it, and the testimonials and longevity of the company speak volumes.