NEW v4.5.x – Watch This Video First
NOTE: The current Alert Software version is 4.5.1 – the only difference is that DAX has been replaced with 6E.
The Power E-Mini Desktop Alert Software – What Is It?
Program Overview: The Power E-mini Alert Software is a stand alone Windows program that receives ES Trading Signals directly from my new Automated Momentum Breakout Alert System. It is a 100% completely Mechanical, High-Point Scoring System, specifically designed for day trading the S&P E-mini (ES), that on average, issues 1-3 Momentum Trade Alerts per day for the Momentum Breakout System and roughly 20+ Alerts per day for the Power Scalper System.
This new strategy works by adaptively monitoring dynamic market price boundaries where the market has a high likelihood of breaking out and exploding into large-scale momentum moves. It utilizes a formula I developed which I named the “Dynamic Trigger Range”, a super exciting new price analysis concept that I came up with during my research – which quite frankly gives the best E-Mini Trading Signals I have experienced during my 9 years as a futures day trader.
The Momentum System consists of 2 components. The System runs on a U.S. based server and directly sends signals to the Desktop Alert Software which resides on your computer. The beauty of the stand-alone Alert Software is that you can trade with any broker you choose and use any platform that you want.
Just open the Alert Software from your Desktop shortcut icon and you will hear an audio confirmation that the software is live. You will instantly see the Dynamic Trigger Range. Simply plot 2 horizontal lines on your chart at the Range High and Range Low and consider it a “no trade” range when price is trapped between those levels.
Each time the price approaches the Range Low or Range High you will get a “heads-up” “sonar” audio alert. When the price hits the actual Trade Barrier the system will issue an unmistakable audio alert and you’ll see the Visual Alert pop in the software. Once you’ve worked with it for a few days it will be very clear which audio messages are which.
Since the number of signals varies with market conditions, you can be doing other things and don’t have to stare at the screen. When you hear an audio alert just check the software.
Keep in mind that once the price hits a Trade Barrier you will want to use the Entry Strategy outlined in the other sections of this documentation. Keep in mind the Alert Software runs 2 different ES trading Systems – the Momentum Breakout System and the Power Scalper System. Both are based on the same “Momentum System” algorithm, but they are calibrated much differently. (More info below).
Desktop Software Features
1) Audio Alerts give you a heads-up when a trade is pending – when a Trade Alert Signal is given – when a Trailing Stop gets moved up – and when new System Notes are posted.
2) The Time Stamp lets you know exactly when a Signal was given (in your local time zone).
3) The Dynamic Trigger Range is the Key to the system. It auto-adjust throughout the trading session and provides key levels to watch – they are your visual reference points on the chart.
4) The System Notes keep you on top of what is going on during the day – System Notes are timestamped Chicago CME Time Zone.
5) The Online Tutorial is your comprehensive Strategy Guide – with all the information you need to trade profitably using the Alerts.
6) You can adjust the font size in the System Notes to suit your preference.
7) This is the Alert Window – When a Signal fires it displays the Trade Price Barrier.
8) Once a trade is open – This section displays both the Macro Target and the current level to have a Trailing Stop.
9) Choose the software color scheme that you like.
10) The Momentum Meter uses a sophisticated set of indicators behind the scenes – to provide a real-time glimpse at “participant commitment”.
11) The Trend Direction indicator gives an intra-day look at the near-term prevailing trend.
12) The Average Volume indicator lets you know how active the participation is – It’s a 3-minute average of the number of contracts traded.
Alert Software Audio and Visual Alerts
The EDGES of the Dynamic Trigger Range represent the level where we can expect a HIGH PROBABILITY BREAKOUT Attempt to occur in the direction of a TREND – (that is either underway or trying to start). As price crosses the “TRADE PRICE BARRIER” you are presented with a TRADING OPPORTUNITY based on the fact that price now has a High Probability of ACCELERATING in that DIRECTION after crossing the barrier.
The Alert Software is designed to give you several warnings and alerts as price gets closer to the Range Barriers.
(1.) When price gets within 2 ticks (0.50) of a Dynamic Trigger Range High/Low you will hear a Sonar Audio Alarm and see a GREEN DOT appear for the Range High OR a RED DOT appear for the Range Low. This is your first Alert that price is getting close to one of the barriers.
(2.) When price TOUCHES the Dynamic Trigger Line Price Level you will get a TRADE PRICE BARRIER ALERT with corresponding audio with the exact price level given by voice. This is your Wake-Up Call for potential Price Action. NOTE: Important concept to keep in mind. The Trade Price Barrier Price is NOT an entry trigger (in and of itself) or the exact price you must be filled at.
It is better to think of it as a BARRIER TO TRADE. i.e. as long as price remains at or inside the barrier a trade entry is NOT RECOMMENDED. The first hint that the Buyers/Sellers are going to attempt to run the price is when they able to BREAK ACROSS THE BARRIER.
Working With the Tabs in Version 4.5
The New version of the Alert Software has a Settings button that allows you to turn on the Tabs for the different symbols and algos you want to get alerts on. When you first install the Alert software only the top ES-S tab will show. Click the Settings button to display the Tabs and turn on alerts for the other symbols you want to follow.
Use the Settings screen to select only the symbols and systems you want to follow.
The Tabs work in conjunction with the “Send Top” On / Off selection at the top of the screen.
Here’s how the Tabs work.
You click the Tab corresponding to the symbol you want to “brought to the front” of the Alert Window.
Notice the “Send Top” On / Off at the top of the screen.
This brings whichever symbol is currently receiving an Alert to the front – if you have it set to “On”. By default all symbols are set to “Off”.
In other words, if both the ES and NQ are set to “on” and you are on the ES tab – if the NQ gets a new alert – it will bring the NQ Alert to the front screen.
If you are only trading one symbol and prefer to have that symbol stay at the front of the alert window, simply click the tab on the other symbols and change the “Send Top” to Off.
To summarize, when you have the “send top” set to “on” on any Tab, when that symbol gets an Alert it pops to the front of the screen. This makes it easy to follow alerts on multiple symbols at the same time.
The ES Momentum Breakout System vs. The ES Power Scalper System
Your Power Emini Desktop Alert Software includes 2 separate ES trading algorithms. The top ES tab in the software runs the Momentum Breakout System, which is intended to capture LARGE POINT MOVES (10, 20, 30, 50 points) on days where the market makes a big directional, trending impulse move. See this page for Trading the Momentum Breakout System.
The Power Scalper algo is for active intraday trading – based on tighter tolerances and a different calibration of the Dynamic Trigger Range. The Power Scalper runs the same Momentum Breakout System algorithm, but the different calibrations means the Dynamic Trigger Range is much narrower and you will see a lot more alerts throughout the trading session. See this page for Trading the Power Scalper System.
The difference between the ES Momentum Breakout System and the ES Power Scalper System
Here’s a recent example of what the system is capable of – during extreme market conditions.