Hi Traders... As you know, The BullTrading Chaos Trading System is a profitable trading system based on Fractal Geometry and non linear mathematics to trade the markets.
We finished to build the system nearly 2 years ago, but despite we knew we had some kind of edge to be consistent in the long run, we wanted something more than just being consistent. The first challenge was to improve the system in order to trade comfortably the 1 minute charts.
Now, maybe you are thinking...
Why to trade the 1 minute timeframe!!?? That's crazy man ... "small timeframes are noisy", "Daily charts are more reliable", "that's gambling," some people said. Without doubt trading costs much higher and definitely a good ECN broker offering very competitive spreads is essential to trade in this environment, but there are 3 amazing facts to consider trading the 1 minute timeframe:
·First of all, a good trading system must perform equally well on ANY timeframe and Financial instrument, if you learn to trade using 1 minute charts, you will be able trade the timeframe of your choice.
·There are plenty setup opportunities on a daily basis (5 to 6 trading signals per day).
·Most of the time you will enter the market and finish your trading day in matter of minutes.
It has been a long journey with many dead ends but despite each new obstacle we keep coding for many long hours, days, weeks and months.
Current version even has another name than the original because we implemented new functions and calculations to get advantage from the Elliott wave and fractal geometry. Just imagine, this version is the number 977.1 !! Because the huge number of modifications it is not practical to detail each new line to the script in this update (soon we will release training videos in our signal App), but basically the indicator is designed to alert the trader to spot laser precision entry points and stops in a friendly interface.
One final thought that resume the philosophy of the system is that TRENDS DOES NOT EXIST, trends only exists on the past of your charts, but if you respect the market, the market will be your best friend.