Tutorial

The Best Pro Trade Automated Scalping Trading Systems

Indicators, in conjunction with the trading panel, inform traders when to enter, when to exit, and when to stay out. Many traders lose most of their money when attempting to counter areas that do not hold or by chasing momentum-based moves after it’s too late. For a typical novice, what may be perceived as correct anticipation is merely an illusion of undefined and uncertain probabilities. Best Pro Trade ends the guessing game by empowering clients with an edge that transcends the competition.

Algorithms, upon which core indicators and trading panel are based, are synchronized, which is the key element of our edge. They are designed to integrate with Fibonacci confluence areas and specialized hybrid Renko bars that change color to identify trend pursuant to algorithms that are integrated with their other functions. While code is secure, protecting interests and investments of our clients is also a priority. Thus, specific parameters of the indicators, the trading panel, and the trade types are not described here.

See the following chart of DAX stock index futures (i.e., FDAX):

The trading panel combines several components to analyze trend, momentum, and supply and demand in real time and in multiple time frames. The panel simplifies proper interpretations of other indicators, while executing various trade types. For this example, the panel is formatted for ES. In the window directly below, a chart of ES is running with BPT Hybrid Renko bars. ES is the symbol for the emini S&P 500 futures contract.

Trading Panel Template. To create a trading panel in Ninja Trader, go to file, new, chart. Load a template from the pull down menu. Select an instrument. For bar type, select minute with a value of five. Load 30 days of data. Click okay. Use your mouse to move and resize the window.
Components. The trading panel is creatively designed by the engineer so that trader’s eyes can see all indicators with a single glance and in a logical format.

In the lower section, there are ten basic indicators, labeled as BPT 1 through 10. In the upper section, there are three components. To the right are three groups of three time frames. In the center is the Multi-BPT indicator. To the left are two sets of trend-momentum indicators.

Multiple Time Frame Indicators. The three groups of three time frames include 1-, 3-, and 5-minute; 5-, 10- and 15-minute, and 5-, 15-, and 30-minute. BPT buy signals are green and BPT sell signals are red. For each time frame within these three groups, ten indicators are analyzed (e.g., ten for 1-minute, ten for 3-minute, and ten or 5-minute). For each group, signals are generated by algorithms that synthesize combinations of these three sets of ten indicators. For each group of three time frames, 30 indicators are analyzed. Ten by three is 30. Thirty by three groups is 90. So, at any given time, a total of 90 indicators are being analyzed.

How are these indicators applied? Focus first on the 5-, 10-, and 15-minute group of time frames. This is the preferred group for entries. The probability of a trade type being a winner is greater when two or more buy or sell signals fire at the same time, for example, 1 3 5 and 5 10 15 or 5 10 15 and 5 15 30; or — in a strong move — buy or sell signals may fire in all three groups of time frames. For exits, monitor signals in the group of smaller time frames in the opposite direction of the trade.

Multi-BPT Indicator. The Multi-BPT analyzes volume in multiple time frames. Buying is indicated by the green meter being greater than the red. Selling is indicated by the red meter being greater than the green. Relative strength of buying and selling pressure can be inferred from these meters. Below the meters, numerical values are reported.

When the meters show a preponderance of sellers, do not enter long trades because probabilities would indicate a 90% chance of failure for long trades. Conversely, when the meters show a preponderance of buyers, do not enter short trades.

In addition to confirming reversal and continuation signals in multiple time frames, the Multi-BPT is useful for interpreting when to stay in winning positions and for deciding how and when to scale out. For counter-trend, trend, and momentum trades, the meters show whether an area is expected to hold and, if so, when it may be appropriate to consider countering the market. For example, where there is strong buying pressure, price potentially may break to the upside and above an area of resistance. For counter-trend trades, probabilities tend to increase after buying or selling pressure has eased and after a signal in the intended direction of a trade fires in the group of smaller time frames or in a combination of groups of time frames.
Trend-Momentum Indicators. The indicators on the left, which are configured as a market analyzer, provide further confirmations of potential entries. These include, on the right, smaller time frame indicators for one-minute through six-minute and, one the left, larger time frame, broader market indicators for one-minute through 30-minute.

Applications of the Trading Panel. How do we evaluate whether to execute a trade type? First, we’d see two or three groups of time frames signaling a potential trade (i.e., the smaller and medium-sized groups or the medium- and larger-sized groups — or all three). Second, buying or selling pressure, as shown by the Muti-BPT, would be in the intended direction. And third, the probabilities of a trade being a winner are greater when multiple time frame signals on the right — and the Multi-BPT in the middle — are confirmed by one or more trend-momentum indicators on the left.
When no signals are firing in the upper sections of the trading panel, there are no higher probability trades. However, when trend, momentum, and volume line up in conjunction with a trade type, probabilities are high.

The trading panel serves as your radar for interpreting movements of price in multiple time frames. These innovative indicators can dramatically improve performance of traders regardless of their instruments, time frames, bar types, and methods.