Take a look at all of these signals produced by the DayTradeToWin Trade Scalper software. Would you take all of them or is there a way to filter out only the trades with the highest chance of winning? With purchase, you are given rules ot identify potential winners and filter out potential losses. For example, you can use the ATR (Average True Range) to gauge current market conditions and determine the profit target and risk.
As another idea, you can add a secondary system, such as DayTradeToWin’s Atlas Line. In this video, both systems matched up in terms of saying that Long/buying was the way to go. Yes, you can use them both on a 1-minute or 5-minute chart within the NinjaTrader 8 trading platform. By the way, you can get NinjaTrader for free with real-time/live practice data. You only need to pay for the platform when you want to trade with real money.
Ever trade using a range chart? Using the Trade Scalper scalping method, it’s possible to scalp for small amounts many times per day on range charts. Specifically, a 2-range chart is used. Range charts are an alternative used when the 1-Minute chart is too slow. Otherwise, a range chart can be very fast; especially true for scalp trading. By the way, don’t bother with the ATR on a range chart. As you can see, the shark fin-esque formation is meaningless; there are other rules that you’ll learn specific for scalping on range charts.
What’s the point in demonstrating all of these different chart types with signals? To demonstrate the power and versatility of these price action trading methods. There are many other trading systems out there advertised as overnight success makers. There’s a lot of hype and little explanation. There’s a lot of marketing and little history demonstrating success. With DayTradeToWin, you can go back many years and see the same methods in use and working again and again. This page has all of DayTradeToWin’s price action courses and software. After purchase, the instructions are provided via email including the applicable downloads.