Sniper Algorithm Strategy apps on TradeStation is applicable to fund managers, long-term investors, day traders and swing traders. Our unique market timing software generates both long-term trend change as well as short-term day and swing trading signals on equities, ETFs, futures and currencies . Sniper Algorithm Strategy can be deployed as an automatic plug-and-play trading system, or used for decision support by discretionary traders. We also use this software to provide subscribers with signals and trade Alerts . For more information send us an email [email protected] or go to http://www.technicaltraders.net The Sniper Algorithm Strategy was build to help you recognize Synchrony when Trend, Momentum and High Volume Area are confluent . The calculations are based on a unique Algorithm that combines the three elements giving clients an anticipated signal to help make long or Short decisions around key Areas. As a Trader discretion and according to your personal risk management user can combine different asset classes . Discretionary trading also can be applicable in conjunction with Sniper Algorithm Signal indicators. Higher Time frame Signal can provide Indication when Automated Signals system can be more accurate and automation can be setup for specific trading time as user discretion. Sniper Algorithm Strategy can be adjustable to trade only when specific Signals are confirmed and turn it off when Signals aren't present any longer. This system is an excellent support for discretionary traders who prefer confirmation on specific signals.
Sniper Algorithm Strategy on TradeStation – User Guide version 2.0
Method: Synchrony Between Trend, Momentum and High Volume Areas
Style: Day Trading ,Swing Trading
SETUPS: Use in Mean Renko only available on tradestation 9.5
INPUTS: TimeSetup: False: there's no trading time restriction. True: As user discretion needs set trading time EntryTime /ExitTime: User Discretion. (i.e EntryTime: 0930 ExitTime: 1550) Quantity: User Discretion according to Risk management plan. Settings: Data - The system requires a minimum of 180 days of data . Suggested Range : 6 months
Suggested Intervals: user discretion .
Our Traders use this strategy with the following intervals
SPY: 0.2 settings = quantity: user discretion, market Time Restricted : true , ini Time : 930 exit time: 1550 QQQ: 0.2 settings = quantity: user discretion, market Time Restricted : true , ini Time : 930 exit time: 1550 DIA: 0.2 settings = quantity: user discretion, market Time Restricted : true , ini Time : 930 exit time: 1550 IWM: 0.2 settings = quantity: user discretion, market Time Restricted : true , ini Time : 930 exit time: 1550 all others can be set up at user discretion . Intervals should be according to symbol ATR Entry Logic The system will enter at a limit price and will stay with that position until the default target using a limit price is achieved, or there is a change in the signal, or the default stop has been triggered at market price set by inputs in Exit time settings. Sniper Algorithm will then automatically look to close any open positions at the market price. Since trading technology is not fail-safe, all automation must be used with caution and constant supervision. It is important to ensure that no position has been left open and carried. if system doesn't close trade will be safer exit before market close.
DISPLAY Time Zone =ET Important: The automatic exit will only work correctly if this system is set to Exchange Time in NY. PROPERTIES FOR ALL Commission = $0.01 per Share Position Slippage = $0 per Trade* Max number of bars study will reference = 200
* Sniper Algorithm is run on Tick bar .The only slippage that occurs is when stopped out or when the system exits at the end of the day. This slippage will vary between systems and between traders due to a variety of factors such as the type of order, the speed of your machine, the version of your trading platform, the bandwidth and latency of the network between your machine and the Exchange, your place in the order queue, the volume on the opposite side of the trade, the speed of the market at that time, and the delay setting used to convert an unfilled limit order to a market order. All this requires fine- tuning on your part. Sniper Algorithm cannot automatically optimize any of this. There are other factors, but the most important one to be aware of is this; in simulation trading, TradeStation judiciously records a trade as filled the moment the price is touched. In real life one may or may not get filled at that value. These trades are easy to recognize. They happen with the Trend. Naturally there will be a deviation in the overall performance of simulated trades versus real trades. The simulation will generally have a higher performance. Data Information is limited on tick bars up to 6(six months). This document is intended as an introduction and user guide to the apps available to users on TradeStation. Sniper Algorithm Strategy apps on TradeStation is applicable to fund managers, long-term investors, day traders and swing traders. Our unique market timing software generates both long-term trend change as well as short-term day and swing trading signals on equities, ETFs, futures and currencies . SNIPER ALGORITHM AUTOMATED can be deployed as an automatic plug-and-play trading system, or used for decision support by discretionary traders. We also use this software to provide subscribers with signals and trade Alerts for more information send us an email [email protected] The SNIPER ALGORITHM Strategy was build to help you recognize Synchrony when Trend, Momentum and High Volume Area are confluent . The calculations are based on a unique Algorithm that combines the three elements giving clients an anticipated signal to help make long or Short decisions around key Areas. As a Trader discretion and according to your personal risk management user can combine different asset classes . Most of the trades close at the end of trading session. Good ideas are often not hard to find, but timing entries and exits can often be the most challenging part of trading and investing. Knowing when to buy and when to sell is often as or more important than knowing what to buy and what to sell. From managing positions in equities and ETFs to day trading futures and options, you need to know when the market is about to turn because timing is everything in this business. Sniper Algorithm Strategy usually is used as a Entry Point for Swing moves. Most of the times Sniper Algorithm coincides with Institutional levels created by High Volume Areas where strong Volume has been present .Traders are suggested to create their own strategies around this levels. As much higher is the time frame more accuracy will be in the signal. Important: Important: By default, TradeStation provides 6 months of historical tick data, so the back-testing of the Advanced Chart Types (Mean Renko) using a 1-tick underlying interval is limited to a 6 month historical period. In order to get expressed back testing results shown in this website by Technical Traders , user must have all data since results are presented. i.e July 1 , 2015. The Advanced Chart Types (Mean Renko), with the exception of Kase Bars constructed from 1-tick data, use synthetic data to fill price gaps. In back- testing and in automation, then, fills can appear on prices that did not actually occur in the market. Data range is as user discretion. Data range can affect back test results due to Synthetic bar like Mean Renko which are designed by Range of ticks.
Continue improvement and development is created to support provide the best service possible to our clients. Please if any questions send us an email to [email protected] or go to http://www.technicaltraders.net
The following procedure is optional but for better strategy execution clean your TS cache once a month ( see instructions attached) SNIPERALGORITHM – Risk Disclaimer In using any portion of JSP Trading LLC or Technical Trader's Indicators, you agree to the Terms and Conditions governing the use of the service as described in this disclaimer. Our disclaimers, policies and terms are subject to change without notice. 1. You understand the financial implications and risks of trading stocks, options, futures and Forex. You have sufficient liquid funds to invest. 2. Under no circumstances, including, but not limited to, negligence, shall this site be liable for any special or consequential damages that result from the use of or the inability to use, the materials provided by this site. The materials and information provided on this site are not, and should not be construed as an offer to buy or solicitation to buy and/or sell stocks, options, futures and Forex . You agree that JSP Trading LLc. ,will not responsible for your personal trading results. Past performance is not necessarily an indication of future performance. Please read the following statement: There is significant risk of loss trading futures and options. Futures and options trading may not be suitable for everyone and you should carefully consider the risks in light of your financial condition in deciding whether to trade commodity futures and options. Further, You, assume the entire cost, lost and/or risk of any trading you choose to undertake; All funds committed should be purely risk capital. You may sustain a total loss of the initial margin funds and any additional funds that you deposit in your account to establish or maintain a position in the commodity futures and options market. You should realize that when trading futures and/or granting/writing options one could lose the full balance of their account. It is also possible to lose more than the initial deposit when trading futures and/or granting/writing options. Under no circumstances, including, but not limited to, negligence, shall this site be liable for any special or consequential damages that result from the use of or the inability to use, the materials provided by this site. The materials and information provided on this site are not, and should not be construed as an offer to buy or solicitation to buy and/or sell any of the named materials or commodities. Past performance is not necessarily an indication of future performance. 3. By purchasing this system you agree not to discuss trading Technical Trader's or JSP Trading LLC methods with others, and to keep all the information, notes and other materials strictly for your own private use. Above all, you are not allowed to teach or train others in the method. 4. The testimonials we received are the opinion of the person giving the testimonial. Individual performance depends upon each student's ability and skills based upon time commitment, and effort put into the course material. Students sharing their stories have not been compensated. Student stories have not been independently verified by our company. These results may not be typical and individual results will vary and may not be representative of the experience of other clients.