In focus: Remek! OHLC with sound
Ferenc here, coming to you from the heart of Europe, the Central European University, easily one of the most beautiful campuses in the world, and my current centre of algorithmic trading! I hope the markets have been treating you well in these so difficult times! (If that’s not the case, consider joining us daily!)
As you recall, we’re running specials on our indicators this month to help you all turn the corner at the best possible price points. So far, we’ve had a look at
Remek! Converter, which helps answer the most important question in risk management: how much money do I need to safely trade this chart at this time? (if you think you know the answer and you do not have Remek! Converter on your chart, think twice and read this, and you may also want to check out the product documentation.)
Then we had a closer look at the brain behind everything we do: the Remek! Momentum Pro algorithmic signal itself. This is the indicator behind both our Bloodhound/Blackbird compatible and our standalone Cheetah products, and represent the ‘top of the food chain’ when it comes to trading strategies in the NT8 space. Remek! Momentum Pro Indicator is, as the name suggests, an NT8 indicator, meaning, it will do everything our strategies do, except for entering and managing trades. (Note: all our indicators, including this, can be accessed from Bloodhound, so there’s nothing stopping you from building your own trading system using our indicators!) Unlike the countless gimmicks out there, Remek! Momentum Pro Indicator trades a real, verifiable market behaviour that has shown an enduring edge: the re-emergence of momentum out of consolidation areas. (Building the skill to trade this pattern is key to becoming a successful trader, therefore this indicator should be on the desktop of all traders in the NT8 universe.)
After this recap, the next indicator we’ll look at is Remek! OHLC with sound. To cut to the chase, every intraday trader should have this indicator installed. Why is that so? As all intraday traders will know, catching and trading ‘trend days’ successfully is a crucial part of intraday trading success. Trend days, which occur about 1.5 times a month on US indexes, is characterized by strong and relentless unidirectional price action throughout the regular trading session. As an intraday trader, a large chunk (20-25%?) of your annual intraday trading profits will and should come from trading the approximately 16-20 trend days that occur in the year. The problem is pocketing this “easy” money is not that easy! How many times have you looked at the strongly unidirectional intraday chart at 4.15pm EST, and screamed in pain “how come I didn’t see this?”, “how could I not recognize this relentless trend?”.
Well, you will scream no more, if you just have Remek! OHLC with sound running on your intraday chart (whatever the bar size or bar type)! You can even walk around with your bluetooth earpiece for a healthier lifestyle, or be at the coffee machine, on your patio, or on your stationary bike and you will not miss a trend day, guaranteed! The default rearm setting of “60 seconds” works just fine, and just in the past month and a half, this indicator helped us catch two trend days on the indexes (a fact to which any Premium member can attest).
Enter DA38JA3 at checkout now to grab a copy of the indicators mentioned in this article at 25% OFF while this code lasts! Alternatively, why not have them all and start turning them into profits?