Track 'n Trade Autopilot Plug-in
Long, Short, & Trend Entries
In this Track 'n Trade Autopilot video, we're going to be discussing the Market Directional tool.
Take x positions as a method of choosing whether or not to trade the market from only the long side or from only the short side. Selecting both, tells the Autopilot to trade either side, long or short.
We also have the ability to allow the computer to determine a directional bias. By adhering to a specific Indicator's market directional indication. By selecting Trend, from within the drop down Menu, we tell the Autopilot to only take market long and short positions, based on a specific Indicator's trend indication.
Let me give you an example:
If you choose Trend in the first drop down Menu, the second and third drop down Menus become active. In the second drop down window, you see a list of active charts. Select which chart you want to use, to determine the overall long term trend. Once the chart has been selected, the third drop-down window will display each of the Indicators available for use on that particular chart. Choose the trend Indicator of your choice, and the Track 'n Trade Autopilot will then only trade the trend, based on your selection.
One such strategy would be to trade the 5 minute chart. But to use a 25 and 50 period moving average crossover, from the 30 minute chart, to determine the trend. When the market is trading above the 30 minute 25 and 50 period moving average, we only take long positions on the 5 minute chart. When the market is trending below the 30 minute 25 and 50 period time frame, we only take short positions on the 5 minute chart.