Autopilot
Automated Trading
Take Long, Short, or Trend Positions
Take X Positions is a method of choosing whether or not to trade the market from only the long side, or from only the short side. Selecting "both" tells the Autopilot to trade either side, long or short.
We also have the ability to allow the computer to determine a directional bias by adhering to a specific indicators market directional indication.
By selecting "Trend" from within the drop down menu, we tell the Autopilot to only take market long and short positions based on a specific indicators trend indication.
Example: If you choose Trend in the first drop down menu, the second and third drop down menu’s become active.
In the second drop down window, you see a list of all the active charts. Select which chart you want to use to determine the overall long term trend. Once the chart has been selected, the third drop down window will display each of the indicators available for use on that particular chart. Choose the trend indicator of your choice, and the Track 'n Trade Autopilot will then only trade the trend, based on your selection.
One such strategy would be to trade the five minute chart, but to use a 25 and 50 period moving average crossover from the 30 minute chart to determine the trend. When the market is trading above the 30 minutes 25 and 50 period moving averages, we only take long positions on the five minute chart, and when the market is trading below the 30 minute 25 and 50 period time frame, we only take short positions on the five minute chart.