The 3 key Trade Set-ups
- MT Predictor
Automatic TS1, TS2 and TS3 trade set-ups
The 3 main MTPredictor™ set-ups
are versions of a simple ABC or 'zig-zag'
correction-to-a-trend - a simple part of
Elliott
wave theory. The software finds corrections with
a clear 3-wave pattern which is against the
direction of the prior trend - also found by
the software.
The ABC
correction is based on
human psychology
For example,
after a strong rally, sellers bring the price
down (Wave A). Then, traders who missed the
initial rally or who think price has fallen
enough, buy in (Wave B). After this, traders who
missed the first sell opportunity (Wave A) or
who think price is too high again, sell out
(Wave C). Finally, sellers are exhausted and
traders who either sold higher or who missed the
initial strong rally re-buy - the uptrend
resumes...
Entering a trade
at the end of a potential ABC correction enables
the trader to position for the trend resumption
- with strong Risk/Reward odds
MTPredictor
software has a unique module that combines three
functions into one. The
Trade Set-up module
incorporates the
Show Elliott Waves,
WPT (Wave
Price Targets - Fibonacci ratios) and
Coloured Reversal
bars
modules. It can automatically identify
the three trade set-ups when they are at a
critical price level and showing signs
of price reversal.
The Trade Set-up
module also sports two more vital functions
1). The
Analyze
function
calculates the
Risk/Reward ratio
at each appropriate profit target for the
set-up, and also gives the price levels at which
100% of the initial money risk would be covered
and at which 2-3x the initial money risk would
be made.
2). The
Analyze display
function projects the Wave Price
Targets (profit targets used for Risk/Reward
analysis and exit plans) onto the chart of the
set-up. This enables visual evaluation of the
Risk/Reward outlook and visual confirmation of
the exit stop policy.
When monitoring a
group markets, the Trade Scanner should be used
to compile a reduced list of eligible trade
set-ups
It
incorporates the T module's analytics, leaving
the trader ready for the crucial assessment of
potential return vs. initial risk of loss and
position size.
All of the essential information
is at hand to evaluate a trade quickly and
decisively, BEFORE deciding whether to take it!
Click on the links below for more:
General information only - Non
Advisory
Before making an investment decision on the basis of this
software, the investor or prospective investor needs to consider,
with or without the assistance of a securities adviser, whether the
advice is appropriate in light of your particular investment needs,
objectives and financial circumstances of the investor or
prospective investor. Paritech Financial Services Ltd provides
extensive training on the use of this and other products. Please do
not hesitate to contact us for further information.
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