Remek! Momentum PRO STR Technical Reference: tHE CHARTS

The Workspace

The Remek! Momentum PRO STR v3 workspace

Remek! Momentum PRO STR offers a fully customizable trading environment for technically motivated directional traders. Charts can be set up to trade any bar type and any timeframe. We included five timeframes (5min, 15min, 60min, 240min, daily) that can handle timeframes most frequently used by traders, but traders are free to modify these charts, including the timeframe, bar type and visual characteristics, as they wish.

Notes

  • In PRO STR, our algorithmic signal launches an ATM strategy, which can be customized by the user. All trade management features available for ATM strategies in NT8 (e.g. modifying stops, targets manually during the trade) are available for the user.

  • ATMs in NT8 cannot be backtested automatically, however, they can be tested on past data in Market Replay (called “Playback Connection” in NT8). So if you want to answer the question “what would have happened if I had run this strategy between …. and …. in the past?”, simply run the strategy in Market Replay for the examined period.

  • Visit Ninjatrader’s ATM page.

Remek! Market Scanner Pro

Remek! Market Scanner Pro allows us to monitor a list of instruments with ease. Its five columns is all we need to identify opportunities across any number of many markets in an instant. (Reminder: we mostly trade pullback trades. Remek! Market Scanner Pro was built to identify pullback trades.)

The description of the columns’ default settings. Settings are fully customizable to accomodate the requirements of the trader:

  • Instrument: the instrument

  • Days: days left until rollover. Highlighted in yellow if less than 3 to warn of upcoming contract expiry.

  • RRR: the Remek! Relative Return indicator on a daily timeframe. This indicator identifies unusual moves on the market. (We trade markets that move.) Highlighted in green if larger than 2, and in red if less than -2.

  • Setup: the setup on the 240min timeframe as identified by our Remek! Momentum Pro algorithm. The setup indicates that most, but not all, of the conditions necessary for a trade are present. The missing condition is “the re-emergence of momentum”, in the form of price movement. (LONG indicates the presence of a long setup, SHORT indicates the presence of a short setup. You can easily jump the the chart to check out the opportunity by clicking on the instrument’s name.)

  • Signal: otherwise known as the trigger, on a 240min timeframe. Indicates the arrival of the last condition, “the re-emergence of momentum”. (LONG indicates the presence of a long signal, SHORT indicates the presence of a short signal. You can easily jump the the chart to check out the opportunity by clicking on the instrument’s name.)

  • KScore: the position of price within the Keltner Channel. Larger than 1 indicates price is outside the upper Keltner, -1 indicates price is outside the lower Keltner. 0 indicates the Keltner midband. The position of price within the Keltner Channel is crucial information for us within our trading methodology.

  • Note: the “extended” version of the Remek! Market Scanner Pro also contains two more fields: the RRS and the RC. You can get RRS and RC in the shop, and easily add the two extra columns.

Remek! Market Scanner Pro

Note: columns, including timeframes are fully customizable to suit your trading style and account size.

The Charts: Daily

Remek! Momentum PRO STR daily chart layout

  • Blue line: Remek! Keltner Channel (2.5,20)

  • Shaded area: Remek! Keltner Channel (2.25,20)

  • Blue-yellow-red dotted line: Remek! ADXVMA (12)

  • Blue-brown lines: Remek! MACD (SMA, 5,20,8)

  • Black-red vertical columns: Remek! Relative Return (RRR) (1,20). This is the same as the column RRR in Remek! Market Scanner Pro.

  • Red and blue arrows: Remek! Momentum Pro signals

 

The Charts: 240min

Remek! Momentum PRO STR 240min chart layout

  • The only difference between the daily and the 240min, as we use it, is
    - the absence of RRR
    - the use of OHLC bars
    - the painting of bars outside the Keltner

 

Remek! Momentum PRO STR 60min chart layout

The Charts: 60min

  • Vertical dotted lines: session boundaries

  • green-firebrick-red lines: NT8’s OHLC indicator

 

The Charts: 15min

Remek! Momentum PRO STR 15min chart layout

  • blue-pink shaded areas: (fully customizable) HTF pullback zones, which can be displayed optionally on any chart that has the Remek! Momentum PRO STR indicator or strategy on. Displaying HTF pullback zones (aka consolidation areas) can be useful for identifying the best pullback signals on our trading timeframe.

 

Remek! Momentum PRO STR 5min chart layout

The Charts: 5min

  • dark blue-light blue buttons: The Remek! Momentum PRO STR strategy

  • position on chart with entry, stop loss and targets as defined by the (fully customizable) RemekATM

  • RRR indicator with a (20,20) setting