 Guided Tour | End-of-Day
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The process of using
MTPredictor End-of-Day to identify exceptional trade set-ups, evaluate
their Risk/Reward outlook and manage the exit strategy of the selected
trades.
MTPredictor EOD makes excellent stock trading software, futures trading software, forex trading software or options trading software. Most traders will monitor a portfolio of markets, so the first step is to scan your database...to cut the list to only those
with a high probability of ending their correction to a trend - and resuming that trend. Click here for the importance of the ABC correction.
With MTPredictor, this is a simple procedure - just select the
criteria to search for and run a scan. In
Standard Use, the three key trade
set-ups - TS1, TS2 and TS3 (all a simple ABC pattern) - are pre-ticked
on the main page of the Trade Scanner.
So, to scan a database for any of the three set-ups unfolding now, just
click on 'Show me':
Also pre-ticked for Standard Use
are the three restrictions. The Scanner will search for
markets that meet these three criteria: they are in an ABC correction-to-trend; at or very near the Typical price target (using Fibonacci numbers) and have a blue buy or red sell bar. They are potentially a simple TS3 set-up, a TS1 set-up
or a TS2 set-up (click
here for more info on the set-ups).
As shown above, two results from this US S&P 500® stocks scan were identified
as potential set-ups.
{Note that for Advanced Use,
simply un-ticking the 'Typical Wave C WPT' restriction enables the expert to scan also for trade set-ups at the two Wave Price Targets
either side of the 'Typical' - the 'Minimum' and 'Maximum' zones. The
expert user may also scan for an advanced ABC and additional Elliott wave patterns eg. Wave 2orB, Wave 4, Wave 5}.
The next stage is simply to double-click the first name on the list and
the chart is drawn automatically.
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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