Wednesday, January 15, 2014
Using 3X ETF's....Maybe this is now Doable
But our friend and trading partner Chris Vermeulen is trying to convince us that he has it figured out. He has been telling us this for years but now he has created a program that....well, in all honesty looks like he was right.
Check out Chris new AlgoTrades Program
Here is his most recent trade using the ES Mini futures contract.....
On Jan 13th 2014 our algorithmic trading system took a long position in the SP500 futures trading contact. In less than 24 hours our algorithm system was able to identify resistance in the market the following session. This invisible overbought market condition which only our algorithmic trading system identified automatically sold 1/3rd of our long position for a quick $1100 profit and adjusted the protective stop to breakeven on the balance of the position.
Quick note: While this trade was executed on the ES mini futures contract using our futures trading system, we do have a 3x automated trading system for ETFs. We know the most of our followers and the general public prefer ETF trading because they understand them more and have less risk. So we built this 3x automated trading system using the 3 times leveraged exchange traded funds.
As of today (Jan 15th) we are sitting with a risk free trade, $1100 in realized gains, and another $2400 in gains on the remainder of our position. This type of trade setup has happened twice in the past 10 days. The first trade took $500 in profit and was stopped out the next day and now this trade.
Click here to read Chris' entire article and check out his chart work on this trade.
Don't miss Chris' 7 Steps to win with Logic