Crude Oil is one of the most volatile markets to trade. The opportunity for profit as well as the risk of loss can draw in many traders who focus on the big movements and see the potential trading opportunities. Most walk away with less than they came in with. Most don't have a strategy and while those who do, abandon the strategy at the wrong time.
Having a strategy gives us the best chance of success. In Algorithmic Trading Systems we go as far as any trading systems book can go to show you the exact rules of the trading system, including the open code in both EasyLanguage, PowerLanguage, and C# Ninjascript.
This books offers a practical approach to trading systems. You won't find any tricky mathematical formulas but a basic discussion of markets and trading systems.
You don't have to be a quant to have a trading plan.
The forex markets trade 24 hours a day. Discover how we find gap opportunities in 24 hour markets. (Hint - volume analysis). The trade on the right is a recent trade in the Euro Currency futures on Friday June 24, 2016. Britain voted to leave the EU. Overnight selling persisted until the European session open. It created a nice gap open trade that capture 99 pips during the #BREXIT on a counter trend trade.
Custom Sessions are one of the keys to analyzing 24 Hour markets.
We include two different trading strategies around "gaps" in the forex markets that give us an opportunity to take counter trend trades. The open code and setups for Tradestation, NinjaTrader, and MultiCharts are included for both of the forex strategies.
Discover advanced trading strategies for the futures markets. Trade multiple futures markets such as the E-mini S&P, Crude Oil, Euro Currency, DAX, and German Bund. Advanced techniques include multiple exit strategies and trend filtering. We discuss coding logic and include the open code for NinjaTrader’s C# and Tradestation’s EasyLanguage which also works in MultiChart's PowerLanguage.
We challenge the Lies of Wall Street that put money in your brokers pocket instead of yours with our Trading System Principles. “You can’t go broke taking profits” (indeed you can!) and “Don’t let a winning trade turn into a losing trade” (not always true) are two biased trading “pearls” that can hurt your trading account if they aren’t applied correctly.