Power Emini NQ Momentum Target System Trade Alert History
One of the main challenges of posting “Official Trade Stats” based off of Automated System Alerts is that not everyone will trade the signals in the exact same way. In other words, unless every variable, i.e. position size, discretionary trailing stop rules, scaling methodology etc. is strictly quantified, for every single trade, the concept of “Official Trade Results” is meaningless. Traders are at different levels and can employ different tactics and money management rules in their approach to trading the system. Different traders can end up with different results based off the same alerts and use different scaling and stop placement techniques.
*stats updated over the weekend – alert history since August 19, 2021 when the NQ Momentum algo logic was re-calibrated
*stats do not reflect additional “runner contracts” or different scaling out strategies
How to Interpret the Performance Stats
The worksheet shows the results for trading each Alert, entering with 2 contracts and just shooting for Target 1 and Target 2.
Sell 1 contract at Target 1 and the other at Target 2 and use the main system trailing stop. This strategy has a high win rate and is simple to manage and easy on the nerves. You can set easily up an ATM strategy that places the sell orders at the targets and sets the stop – then you simply drag your orders on the chart to the proper levels.
In the worksheet above you will see the Target 1 and Target 2 columns shaded green for Alerts that hit the targets and you will see the number of points gained / lost on each Alert in the T1 and T2 columns. The Exit column shows the level where the Trailing Stop was hit when price didn’t make it to both targets. The NET column shows the total point gain / loss for that alert.
How to Trade Along with the Momentum System Purely Mechanically
To keep things real basic and the initial risk low we recommend EVERYONE get started following the Momentum Breakout System with only 2 Micro contracts and take profits at Target 1 and Target 2 – using the main wide system Trailing Stop. Target #1 has roughly a 75% or greater chance of getting hit and Target 2 will get hit about half the time for a significant point gain. You will enter 2 micro contracts (NMQ) at market after the official trade entry confirmation and then immediately place a sell limit order to exit 1 contract at T1 and a limit order to sell the other contract at T2. Place your initial protective stop loss at the system stop level and then just move your stop when the momentum system alerts you to do so.
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