HOW-TO Use the MTPredictor Trade Setups

28 dic 2020

In this "How-To" video we take a look at how to use the MTPredictor Trade (and Advanced Trade) setups. As you will see in the video, MTPredictor is not a "black box" system where you look to trade all of the setups. This is because we consider that Markets are random about 50% of the time.

We look to use our MTP Decision Point (DP) tool on the higher time frame Chart ( a time frame that is 3-5 times higher than the time frame you are trading off) to then project "in advance" areas of support/resistance. Then, "If" the Markets makes a reversal at this DP level, we then consider that the picture is clear. This then defines the larger degree trend and as such which direction (Longs or shorts) of trade setups to consider.

The Trader can then place the Analysis on the Trade setups that gives guidance as to the number of Contracts/lots/shares to trade, this is calculated using Position Sizing. The idea is that this keeps the losses (and there will always be losses) small relative to the Profits over time.

Please remember that losses can and will unfold when Trading.