bradkent Regular  Posts: 97 Joined: 3/22/2006 Location: New Jersey, USA  User Profile | For stocks, I am now using VisualTrader 9 with a symbol list containing about 30 to 40 moderately volatile stocks. I don't really use the map concept of industry groups but mostly use VT for the leading indicator to keep an eye on the market trend. My symbol list is monitoring "Trend with Changes in Trend" and I track the 5, 15, and 60 minute timeframes, but trade on the 5-minute. I keep a chart up with MZ levels to help with targets and let certain CPRM patterns show for confirmation. On the symbol list, I have columns for the Composite Leading Indicator, pattern direction, and Setup (MTC in use) which ebb and flow during the day to help confirm trades or pick up early on potential moves. All signals come from Real Time Stocks Strategy 2.0 which has replaced my previous custom systems for stock trading. A nice balance of intraday signals to cover a range of scenarios and setups. I do not mechanically trade these signals. I check confirmation in the symbol list columns and types of patterns. If I choose to take the trade, my trade plan requires 0.25 ATR movement past the high/low of the signal bar to enter. That helps significantly with hit rate. I use a trailing profit on most days (0.25 threshold, 1 cushion). Most of my methodology was developed during the lifetime of SignalWatch Live thanks to helpful interaction with Nirvana staff and other traders. Since I don't own VT10 yet I have been testing RTX-3 in OT 2014, but have not yet obtained performance similar to my current VT9/RTSS2 setup. I am watching this Trading Lab to see what others are doing with RTX-3. I also actively trade ES on an intraday basis, but I use other software for those trades. - Brad | |
