Day trading systems can easily become overly complex. Advanced mathematical formulas, subjective analysis, and lagging indicators are best avoided. Trading can be made simple. The most popular indicators are those that provide exact entry signals. Knowing when to enter removes the guessing. Day trading platforms like NinjaTrader, MultiCharts, thinkorswim, and others all provides ways for software to produce text or visual cues to enter a trade. These platforms also allow systems to fully execute trades on one’ behalf. However, that involves a considerable level of trust.
Day Trade to Win takes a different approach with day trading systems. They make it easy. There are no complicated indicators. The Atlas Line tells you exactly when a trade is expected to occur. There are no guarantees of profit or success. Generally, trading outcomes cannot be guaranteed. Many trading companies say otherwise. When the Atlas Line gives a signal, it expects the market to reach profit territory within 20 minutes. That is why one of the stop loss rules says to get out within four bars on a five-minute chart.
Why is the Atlas Line Different Than Other Day Trading Systems?
Many traders prefer manually trading the Atlas Line software versus full automation. It would be quite difficult to program the three or four stop loss strategies and dynamically compute the profit target. Also, when starting out, some traders prefer to be more conservative. A fully automated system would not allow for individual preference. All of the profit-taking and stop loss rules are taught in the live training and in the included video. Every situation is accounted for, or could be answered by John Paul via email support if missing, to say the least. This makes the day trading system objective. There either is or is not a trade – black or white.
In this video, there’s a long trade that was successful. A short trade occurred about an hour later. It, too, went into positive territory. The stop losses in place offered protection from increased chances of loss. You need to be present in front of the charge to adapt to real-time conditions. You may want to change your profit target or stop loss if the market changes volatility. Keep in mind, moving these values may put your orders in the “back of the line” or last to be executed, so act wisely. All traders who use the Atlas Line get the same signals, providing they are on the same data feed, there are no errors with the incoming data, and the chart is configured the same.