In this weeks Algo Futures Trading Live Update AFT John demonstrates how to use the TrendOmeter and AlphaBias trend correlation system as a trade filter for both long and short trades using AFT7 trading in demonstration mode on the live futures market using NinjaTrader Platform and AFT trading the NYSE session open.
Please visit the links for TrendOmeter
Note the TrendOmeter settings filtered out good trades and allow through good trades as it was set tight at 50%, this is a stringent setting when used with a session breakout system and can be easily altered in realtime and saved. With session open breakout trading, the amount of trade signals and opportunity will be less than when used in a trend reversal and pullback continuation scenario which will allow trades to be taken further away or anywhere on the chart and using a smaller time frame.
As you can see we don’t cherry pick or cut, edit videos as John recollected “the system still made money overall that day using trendometer and there will be days where it will filter out lots of bad trades and some days where it filters out good.”
AFT Trader John Weekly Trade Roundup Info. Each week AFT Trader John we will be showing a summary of the trades, futures trading systems and methods with algo futures trader on the live market using the NinjaTrader Platform. More depth and coverage each week as this new series starts to take shape.