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Guided Tour ~ Real-time 4.0
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This section shows the process of using MTPredictor™ Real-time 4.0 to
identify exceptional low risk trade set-ups, evaluate their Risk/Reward outlook
and consistently manage the exit strategy of the selected 'ideal' trades.
The majority of
traders will be following a portfolio of markets real-time, such as stocks,
commodities, currencies, futures or options. So, the first step is to scan a
list of markets and timeframes for trade set-ups - those with a high
probability of ending their simple ABC correction to an identified trend and
then resuming that trend. See 'The 3 key
Trade Set-ups' for the importance of the ABC correction.
With MTPredictor RT
4.0, this is a very simple procedure - simply set up your list of markets and
timeframes from eSignal® in the Real-time scanner, and let the software do the
rest.
As soon as the
Scanner identifies a trade set-up, you will be alerted (blue for buy; red for sell) via the
scan list to the left of the screen, as below:

By double-clicking on
the scan result, the chart and all relevant trading analysis is automatically
displayed for you, as below:

Instantly, you can
see and visually validate the set-up. You can quickly evaluate the trade as the
trade entry and initial stop trigger levels are displayed, with the 100%
initial (money) risk price, the 2-3x initial risk zone and the projected profit
targets also there to guide consistent trade management.
Typically, at
MTPredictor a set-up should only be considered if the first profit target (the
lower pink zone above) is beyond the 2-3x
initial risk zone (the blue zone above). This
indicates a Risk/Reward ratio of at least 2-3x at the first exit point.
Scanning for and
identifying ideal trade set-ups on multiple markets and timeframes is
a simple process in RT 4.0. A low risk/high return real-time trade set-up need
never be missed again !
The software is
designed so that all that is needed to identify an ideal trade set-up with a
strong Risk/Reward profile and clear profit objectives is a simple chain of
mouse clicks. In real-time, the RT 4.0 Trade Scanner notifies you of a set-up
the absolute instant it unfolds.
Moving forward in
time, this is how this particular trade worked out:

The market dropped
quickly over the next few hours. The decline reached the first projected profit
target (lower pink
zone above) - this was the ideal point for a trader to take at least partial
profits on the short position. The result was a profit at this zone of
approximately 3.2x the initial $ risk required to take the trade (ignoring
slippage and commission).
Can your current
software program identify, evaluate and manage such low risk/high return
set-ups as decisively as MTPredictor RT 4.0 ?
Please look though
the Examples section for more
recent trades on your preferred market and timeframe.
Using Elliott Wave for the business of Risk/Reward trading is now
possible with the MTPREDICTOR™ 4.0 series!