 Why the 5 key Trade Set-ups?
1. Automatic, simple ABC trade set-ups
The 4 main MTPredictor™ set-ups (TS1/2/3/4) are all a simple ABC or 'zig-zag' correction-to-a-trend - a simple part of Elliott wave theory. The software finds
corrections with a clear 3-wave pattern which is against the direction
of the trend - also found by the software.
 The ABC correction is human psychology
For
example, after a strong rally, sellers bring the price down (Wave A).
Then, traders who missed the initial rally or who think price has fallen
enough, buy in (Wave B). After this, traders who missed the first sell
opportunity (Wave A) or who think price is too high again, sell out (Wave
C). Finally, sellers are exhausted and traders who either sold higher
or who missed the initial strong rally re-buy - the uptrend resumes...
Entering a trade at the end of a potential ABC correction
enables the trader to position for the trend re-start - with strong Risk/Reward
odds
MTPredictor's End-of-Day and Real-time software automatically identifies
the three trade set-ups when they are at a critical price level and
showing signs of price reversal.
Full risk/reward details and automatic profit targets complete the job
~ The
Risk/Reward ratio at profit targets for the set-up is displayed.
~ Wave Price Targets (profit
targets used for Risk/Reward analysis and exit plans) are placed on the chart of
the set-up - evaluate your Risk/Reward outlook
and visually confirm your exit stop policy.
Trading a group markets, the
Scanner finds the opportunities for you
This leaves the trader ready for the crucial assessment
of potential return vs. initial risk of loss and position size.
All of the essential information is at hand to evaluate a trade quickly
and decisively, BEFORE deciding whether to take it!
Click on the links below for more:
2. Automatic Decision Point™ (DP) trade set-up
The DP set-up is designed to alert you to a change in trend, not a resumption of trend. It is different from the other 4 set-ups above.
Read about the DP set-up in this document
Risk Disclaimer and Disclosure Statement
Trade at your own risk. The information provided here is of the nature
of a general comment only and neither purports nor intends to be, specific
trading advice. It has been prepared without regard to any particular
person's investment objectives, financial situation and particular needs.
Information should not be considered as an offer or enticement to buy,
sell or trade. You should seek appropriate advice from your broker, or
licensed investment advisor, before taking any action. Past performance
does not guarantee future results. Simulated performance results contain
inherent limitations. Unlike actual performance records the results may
under or over compensate for such factors such as lack of liquidity. No
representation is being made that any account will or is likely to achieve
profits or losses to those shown. By purchasing the MTPredictor program,
you acknowledge and accept that all trading decisions are your own sole
responsibility, and MTPredictor Ltd, MTPredictor.com or anybody associated
with MTPredictor Ltd including S. E. Griffiths and A. P. Beckwith cannot
be held responsible for any losses that are incurred as a result
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