| The BWT Precision Auto Trader delivers robust | | | | tick charts. |
| automated trading for day traders. Back testing and | | | | The system will manage all order and money |
| live trading results show that this system can deliver | | | | management aspects of the trade including various |
| good results over time. This article will explain more. | | | | profit, hard stop and trailing stop targets. No user |
| Based on the Ninjatrader and Tradestation trading | | | | intervention is required to initiate and manage trades, |
| platforms, the auto trader can be used to trade a | | | | although there are risks associated with running an |
| wide range of markets and timeframes. | | | | automated trading system unattended. |
| Unlike many trading robots, this system is not based | | | | Those who are familiar with the Ninjatrader charts, |
| on traditional technical analysis indicators such as the | | | | indicators and strategies will be pleased to see that |
| MACD, Stochastics and moving average crossovers | | | | BlueWave, who develop and sell this system, have |
| as these indicators are an unreliable representation of | | | | created a highly intuitive interface to set the various |
| price action. Instead, the system uses the time | | | | trade parameters. In no way is this system a "black |
| proven BWT indicators which are mathematically | | | | box" robot. You can use various BWT indicators to |
| based and are designed to detect trend and volatility | | | | trigger trade entries and exits and the charts display |
| changes. This brings the auto trader more into line | | | | what is going on with the trades in a clear and |
| with market dynamics. The BWT Precision Auto | | | | transparent way. This instills confidence as the trader |
| trader can be used for scalp, intraday and swing | | | | knows why a trade is taken and can therefore gain a |
| trades as it can be configured for a large range of | | | | good understanding about how the system works, |
| time frames including range bars, time based bars and | | | | and how it can be optimised. |