Power Emini ES Momentum Target System Trade Alert History
How To Interpret The Daily Performance Graphs
The Momentum Target System daily performance graphs show the direction of the trade, the Alert Price (in blue), the Targets that were generated and the final trailing stop level.
Here’s an example of how to interpret a particular day.
In this example you see that the Alert was to go Long and the Alert Price was 2980.25. The price hit all 3 Targets (shaded green) before finally tagging the Trailing Stop at 2994.50. Only the Final Trailing Stop is shown in the history for simplicity – because it constantly tightens-up as the session progresses and can move quite a few times before getting hit.
Targets that were hit are shaded in green. Targets with no shading means the Trailing Stop was hit before it reached that Target. Targets that are blank mean the system did not issue that Target. In cases where the market never hit the Trailing Stop during the cash session the Close is shown.
Note that once price makes it to Target 2, you would move your stop to breakeven on any remaining contracts, regardless of where the Trailing Stop is. Under extreme conditions we recommend getting to breakeven on remaining contracts when price hits Target 1. Also, once all 3 Targets are hit, the typical user would be out of the trade completely.
ES / MES Momentum Target System Alert History
NOTE: Stats prior to what you see above are not relevant as the Momentum System was modified to include “dynamic targeting” and began running 100% fully-automated in a production environment on 1/21/2020. We actually released the beta system at the start of 2020, but made some minor modifications to the back-end system over the following weeks. Any changes to an automated system such as this mean that results going forward will be different from those prior to the when the system was changed. So the stats for the “prior system” no longer matter because that’s not what is running in the software now and going forward.
Also keep in mind that different traders can trade the Momentum Target system differently. That’s why this is not an official Track Record.
One trader may choose to go in with 2 contracts and shoot for Target 1 and Target 2 each day, then wrap it up. Yet another might enter with 4 contracts, sell 1 at each of the first 3 Targets and hold the 4th contract until the trailing stop gets hit. It’s even possible to scale out different numbers of contracts at the different targets. That’s a reasonable strategy when trading the MES Micro contract.
Keep in mind that The Statistical Edge is Gained Over The Series.
In other words, there will be days where the market simply doesn’t get any “traction” and there’s no significant directional move – and you get stopped-out. However if you trade the system and stick with it each day (trade on Sim for a couple weeks) and track it on a daily basis – you will see that it pencils out over the series. The end of each week is a good time to review that past week’s trades – rather than focusing on any one day.
The system “quants out” with an extremely high degree of accuracy over time.
Where are the Results for the Power Scalper?
Scalping involves a degree of discretion. In other words there’s just no way for everyone to replicate exact trades in a fast-moving environment like scalping ES. No group of traders will have the same results and that’s simply the nature of the business.
Reaction times, slippage and no-fills are always going to vary.
No trading system will achieve the same results in all market conditions. Not all traders are going to trade the same alerts at the same times during the day.
Individual traders use different trade sizes and configurations and may vary their approach from time to time based on the market environment. One of the best things about our scalper system is that it allows for some flexibility so you aren’t locked into only one way to trade. One trader may shoot for 1-point on 10 contracts while another may target a 4-point move on 2 contracts.
A successful Scalp Trader stays in tune with the current market environment and that’s where discretion comes in. If the market is dull with low volume and trading in a sideways choppy range, a smart trader knows to avoid getting chopped up and wait for conditions to improve. Discretionary traders gauge market conditions and know when to trade aggressively in a hot market, and when to back off or sit on the sidelines. Again, that’s just the nature of the market and it’s your job to develop a feel for the price action and trade accordingly when scalping.
You are NOT going to be able to trade every Scalper Alert – nor should you attempt to – so your goal is to be very selective.
This is why it’s meaningless to publish stats for the Scalper system – it’s simply too discretionary. The scalper works great for astute discretionary traders but if you’re looking for a completely mechanical “no discretion involved” system, trade the Momentum Target system.