In today’s MTPredictor trading webinar we focused on how the software will help you avoid taking small wins and experiencing big losses like the majority of traders who fail do to taking small losses and having bigger wins like the professionals do. You will see how the software achieves this goal using the automatic trade setups with a trend filter.
Later, we took a little more advanced perspective to determine the larger degree trend using the MTPredictor Decision Point trend tool which is a leading indicator that you can have on the chart before the market opens to determine major support and resistance for the trading day.
As always we do this in the context of our 4-Step Trading Process
1. Find a trade.
2. Assess the risk/reward.
3. Determine your position size.
4. Control your exit strategy in order to maximize profits.