Timesetup: True/False User Discretion Please Refers to the Suggested Setups Used by Developer
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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 and look for SniperAlgorithm Strategy Bonds http://www.technicaltraders.net/research/tutorials/ 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: True/False User Discretion Please refers to the suggested setups used by developer EntryTime /ExitTime: User Discretion. (i.e EntryTime: 06:00 ExitTime: 20:00) No new position will be place outside specified time. Stops and targets will be working as normal as long as network connectivity is present. 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 . (Please refers to the suggested setups used by developer
Our Traders use this strategy with the following intervals @TY : 0.05
Entry Logic The system will enter at specific 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.
FORMAT SYMBOL - for Live Trading @TY Symbol=@TYxYY x= H (Mar), M (Jun), U (Sep), Z (Dec) YY= year. Example: @TYm16 for TY contract expiring in June 2016 Our traders use an adjusted contracts Example: @TYH16 =103xn Indexes 103xn , currencies & BONDS DISPLAY Time Zone =ET Important: If User isn't located at EST. Exchange time zone will be suggested. PROPERTIES FOR ALL Commission = $4 per Trade round trip Position Slippage = $0 per Trade* Initial Capital = $50,000 per e-mini contract Account Size = $50,000 per e-mini contract Max number of bars study will reference = 200 Please keep in mind, should you be considering automating your trading, that automation features of TradeStation are NOT designed to enable you to trade without paying close attention to your transactions on-screen as they occur. Situations may arise that require your prompt intervention.
* 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. 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: 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. Important: Strategy automation is not designed for unattended trading. At all times traders need monitor order execution. It's important that every time data reconnection occurs make sure that the strategy position on the chart coincides with your position
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
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