December 6, 2010

Look Ma’….No Hands! Day Trading with Automated Trading Strategies

It brings me great pleasure to begin posting our auto trader results each day on this section of our blog.

The goal of this auto trader is to produce a 100% automated trading system that takes every trade for you, entry, exit, stops and targets…it does it all.

In my opinion, this is a perfect complement to any trading style for a few reasons:

– I can make more money trading with both systems now (auto and discretionary)
– I can make money easily now with less work.

You’re in the right place if you want to make more money with less work, so lets get this started.

I’m going to show you a few things on this post:

– The trades the auto system took today only
– The overall 30 day performance of this strategy
– If you have any questions, please email me, we will be adding more as this process develops

Let’s start with Gold Futures
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Gold was our big winner of the day today. We use tight stops and wide targets, and the gold market made us 70 ticks on the first trade short off the highs, and then we see us entered long as of 1:15pm EST for what looks to be our second winner of the day shortly thereafter.

As you know, automated trading methods are NOT viewed 1 trade at a time; we look for LONG TERM consistency, so here is the last 30 days of activity on this strategy so you can see its long term effectiveness.

The best part of this auto trader is the long term success…check out these results!

– $3790 / contract / mo

o Invest $2,000 for margin and earn monthly residual

– Less than 1% drawdown…yes!

– Takes 1.5 trades every day…perfect!

o Your broker wont be getting rich from this one!



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Crude Oil Futures took a loss on the only trade today…

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I’m not too worried about this loss because we use 20 tick stop loss and 60 tick target, so this is a 1:3 risk reward ratio…doesn’t get much better than that.

You can see the long term results speak for themselves!

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The mighty E-mini Russell Futures look similar to crude oil this morning

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We took 1 trade for a loss, but remember that we use 20 tick stops and 60 tick targets, so this is only a small bump in the road.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The Euro Futures tried to get this trade to work off the lows, but you can see the only trade on the euro today was a loss

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Once again, we aren’t worried about the losses, they are only 20 ticks each, and we use 60 tick targets, so we can easily make that money back with the next trade.

Im looking for LONG TERM SUCCESS with this auto trader, so im not concerned with today’s results, im focused on these long term results right now.

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Once again, this is the first post of this auto trader results, and we have a lot more coming in the future.

We will be posting these every day so you can see how our automated trading system is doing.

I would love to hear your feedback, so feel free to email me directly, JJ@SchoolOfTrade.com

Attention Members: make sure you attend this Wednesday training @ 1130am EST for more info on this.

    schooloftrade

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