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Chart #1 - Auto Controlled Risk Indicator
Chart #1 shows trades automatically generated by Auto Controlled Risk Indicator, which is used to manually enter and exit the trades. The indicator will generate the same trades as the strategy. Next Chart »
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Chart #2 - Trending Trades
You enter the trade as a scalp to be on-board if price starts to trend as shown on chart #2. Once you hit the first target, the protective stop will automatically go to breakeven and you let the remaining contracts run to catch a potential trend. Next Chart »
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Chart #3 - Scalping Trades
The chart on the right shows scalping trades with four ticks. As you can see there are many scalping trades and many winners, but I like to let the Runners run as I trail the protective stop. If price starts to trend, I’m on-board for the big move. However, some traders only want to scalp and they go for many small profits with multiple contracts. For example, a 4-tick target that generates $50 on one contract would generate $500 on ten contracts. Next Chart »
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Chart #4 - Buy and Sell Zones
These zones are generated automatically and can be used to determine good entry locations for the strategy or manual trades. You generally will not take all trades, but will use Buy and Sell Zones and other trade location indicators to determine where to use Controlled Risk Entries for potentially bigger price moves. Next Chart »
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DAY TRADE USING MY AUTOMATED STRATEGY AND INDICATORS ON NINJATRADER 7 OR 8 TO AUTOMATICALLY OR
MANUALLY ENTER AND EXIT TRADES.
Trend trade on S&P E-Mini Futures
Trading choppy markets on S&P E-Mini Future
Trend trade on Nasdaq E-Mini Futures
Trading choppy markets on Nasdaq E-Mini Futures
Trend trade on Dow E-Mini Futures
Trading choppy markets on Dow E-Mini Futures
Conway Market DNA Day Trading System can be used with Modified Renko Bars as shown above or Range Bars as shown below.
Automatic Entries and Exits
The Controlled Risk Entry Trading Strategy can be used to automatically enter and exit trades in any futures market. That includes currencies, such as the Euro, Japanese Yen, British Pound, etc. and commodities such as oil, soy beans, corn, etc.
You're In Control
Once the Auto Controlled Risk strategy enters the trade, you can choose to do nothing other than sit back and watch the trade unfold, OR you can manually control the trade. Additionally, you can enter and exit a trade manually without a strategy using the Auto Controlled Risk Indicator which gives audio and visual signals.
Targets and Stops
All trades start as a scalp with the first target. Once the first target is hit, you can go to breakeven so you get profit on the first contract and now have a zero risk trade (other than Commission and slippage) on remaining Contracts (i.e. Runners), where the bigger profits can be made.
Identifies Trade Locations
The Controlled Risk Entry Strategy and Indicator will help identify good trade locations plus, there are a dozen other indicators that can help identify good trade locations. Those include Buy/Sell Zones for possible reversal areas, a Point of Control indicator that is a simplified version of Order Flow and also prints potential targets on the screen, Modified Renko Bars that make trending easier to see, an intraday Volume Profile indicator, plus other indicators you may find helpful for trade locations.
