Classifying trades with Remek!

Hi Traders, this a useful video from our Documentation on how we think as potential setups emerge on the chart. Check it out if you haven't yet.

Let's recap the Remek! process:

  1. We trade three setups. Look for them on the Trading Chart as they emerge. Identify your area of business.

  2. Wait for price to enter our area of business. Switch system to the appropriate direction (Long or Short).

  3. Two things can happen: a) you get triggered into a trade within the area of business. b) price leaves the area of business without triggering a trade. If b), you Disable the system.

  4. If you were triggered into the trade, two things can happen: the trade works or it doesn't. In either case, the trade will be managed by the pre-defined algorithm with precision and consistency. 

1. above is a discretionary, rule-based step. Learn the three setups. Make sure you review and customize the bbs file to your needs. Then SIM a few hundred trades, record them, analyze the results. Consider which Remek! trading style (swing or position) and which Edition best match your trading style. The three Editions and the swing/position variants within the Editions provide a solution for most situations. 

Mindful v2.0 trading!

Classifying signals with the Remek! System Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle.