Underlying Methodology and Concept:
The SuperSignalQuad is tailored to identify momentum shifts that start on the 1 Minutes time frame but the added longer stochastic bands give us a much more accurate trend shift on the larger time frames giving traders more upside potential due to the longer duration of the trade. This configuration helps traders identify high-probability trades
by:
1. Confluence of internal time frames identified by the preprogrammed parameters of the 4 stochastic bands, this is considered "part one" of the signal, part 2 and required for the buy alert is a when the price and momentum diverge This special formula identifies if there are multiple in-synch momentum shifts on multiple time frames
2. Special Safety Net feature: As this is a Buy Side strategy, using it in a strong downtrending market your parameters
must be adjusted to compensate for the lack of buy side momentum. ****** I now added a switch where you can choose to take the trade off on the first rotation of the 9-3 stochastice. This a great feature that will force you to take your profits into strength.
Key Features and Benefits:
- User defined parameters
-Parameters are:
Take Profit 1 = !st defined target eg. 4 ticks
Take Profit 2 = 2nd defined target
eg. 12 ticks
Take Profit 1 Lot = how many contracts you are selling at first profit target.
Take Profit 2 Lot = How many contracts you are selling at second target.
Stop Loss Ticks = How many ticks to stop out
Trailing Start Ticks = How many ticks of profit before you set a trailing stop
Trailing Stop Ticks = How many tick to follow behind price moving up (never moves down)
Lot = How many contracts you are entering in the trade with.
2 Different Stop
options
Ticks: (This is placed under the initial price of the trade)
Signal Bar Low: ( Another fantastic feature that automatically places the stop under the divergence low that the signal was generated on) This is already calculated and placed for you.
How to Use the Super Signal Quad Strategy
1. Assess Market
Conditions:
Begin by evaluating the overall market environment to identify any trends. Make sure to avoid trading during volatile times, such as major news releases, as these can disrupt expected patterns and increase risk.
2. Adjust Settings:
Under the settings tab, you’ll find various user-defined parameters that can be adjusted to suit your specific trading contracts. This strategy was developed with futures
trading in mind, but it can be adapted for other types of trading instruments.
3. Set Stop Loss Types:
The Super Signal Quad Strategy offers two types of stop losses:
• Signal-Based Stop: This stop loss is automatically generated and placed on the chart just below the divergence low.
• Tick-Based Hard Stop: This is a fixed stop loss defined by the number of ticks below the entry price. Unlike the
signal-based stop, the tick-based stop remains stationary and does not move with the trade.
4. Experiment with Time Frames:
The bot performs well across multiple time frames. Some recommended charts to try include:
• Tick Charts: 300-tick and 1000-tick charts
• Volume Chart: 1000-volume chart
• Minute Charts: 1-minute, 3-minute, and 5-minute charts
Make sure to
adjust your parameters according to the time frame and the expected duration of your trades.
5. Use the Safety Net Option:
The Safety Net feature is especially useful in downtrending markets. When activated, this option will close your position on the first rotation of the 9-3 Stochastic, helping protect your trade from unexpected reversals.
6. Monitor Your Bot:
Remember, the bot cannot
predict or react to unexpected news events and doesn’t analyze market conditions in real-time. Always supervise your bot and stay aware of the current trading environment.
Originality and Unique Value:
This unique timing method has been developed over 17 years of trading and has been tailored to identify momentum shifts that start on the 1 Minutes time frame, but the added longer stochastic bands give us a much more accurate trend shift on
the larger time frames giving traders more upside potential due to the longer duration of the trade.