The BWT Precision Auto Trader delivers robust automated trading for day traders. Back testing and live trading results show that this system can deliver good results over time. This article will explain more. Based on the Ninjatrader and Tradestation trading platforms, the auto trader can be used to trade a wide range of markets and timeframes.
Unlike many trading robots, this system is not based on traditional technical analysis indicators such as the MACD, Stochastics and moving average crossovers as these indicators are an unreliable representation of price action. Instead, the system uses the time proven BWT indicators which are mathematically based and are designed to detect trend and volatility changes. This brings the auto trader more into line with market dynamics. The BWT Precision Auto trader can be used for scalp, intraday and swing trades as it can be configured for a large range of time frames including range bars, time based bars and tick charts.
The system will manage all order and money management aspects of the trade including various profit, hard stop and trailing stop targets. No user intervention is required to initiate and manage trades, although there are risks associated with running an automated trading system unattended.
Those who are familiar with the Ninjatrader charts, indicators and strategies will be pleased to see that BlueWave, who develop and sell this system, have created a highly intuitive interface to set the various trade parameters. In no way is this system a "black box" robot. You can use various BWT indicators to trigger trade entries and exits and the charts display what is going on with the trades in a clear and transparent way. This instills confidence as the trader knows why a trade is taken and can therefore gain a good understanding about how the system works, and how it can be optimised.
Source : azinearticles
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