This video shows how it’s done – seems pretty simple eh? The ES moves fast and you can see why “getting the mechanics” of placing trades, setting stops and managing open trades is crucial.
This is why we ask you to Sim Trade the Alerts for 2 weeks to start. As we know, performance is measured over a series of trades over a series of time. With an average of 5-8 ES Trading Signals per day and typically a couple “sub-optimal” trading days each week it is important that you see how it “tests-out” over a couple weeks.
In addition, one “order entry” mistake – accidentally clicking to enter a trade on the wrong side of the DOM, or screwing up the placement of a trailing stop – can be extremely detrimental. I can’t stress enough how the mechanics – and knowledge of the Rules that accompany the Alert Software are crucial to your success.
As I mentioned, I use NinjaTrader but the Power Emini Alert Software lets you use your current broker. If you are already actively trading the ES Futures then following the signals will be a snap – if you are proficient on your chosen platform. If you are still in the learning phase, Sim trading along with the alerts will be the best learning experience you could have. Get used to placing orders, managing trades and taking profits and stop-outs – track all your results – and see if Trading the Emini Futures is right for you.
Keep in mind that some discretionary traders feel like they have to trade every wiggle on the chart – all day. This is not how the alerts are designed. The Momentum Breakout System algorithm has specific logic to identify no-trade congestion zones and the highest-probability entry points for a large point move.
The goal of Sim Trading the first 2-weeks is to effectively trade along with the signals – following the Rule Set – to experience what it takes to effectively trade with the system.