A Brand-New stand-alone day trading strategy specifically designed for trading the new ES Micro contract – MES.
Easy to Follow – Low Risk – Low Stress – ESM Trading
Check out this video to see how it works.
The Power Target System – Basic Components
5-Minute Opening Range
Trade Price Barrier Alerts
Dynamic Price Targets
Initial Protective Stop – Trailing Stops
At the Market Open we wait for a breakout of the opening 5-Minute range
When an Alert is received, just wait for a 1-minute close past the Trade Price Barrier to enter the trade.
The Benefits of Trading the ES-Micro (MES) Power Target Strategy:
1) It’s super-easy to follow along with the Alerts.
The system starts up 5-minutes after the market opens (cash session) and shortly thereafter you will get a Trade Alert. Simply wait for a 1-minute close past the Trade Barrier and pull the trigger on the trade. The software will show you the initial stop-loss and the 1st Target. Sell a partial position at the first target and follow the system trailing stop with the remainder of your contracts.
2) Trading the ES Micro Contract lets you trade multiple contracts and use wide stops
Since this is a “targeting system” we are looking to enter a directional move off the 5-minute opening range and the system calculates high-probability targets. With multiple contracts we can pull some contracts off at each target and hold the remaining contracts for the next target.
3) It’s easy to get started with very little risk and a small account size.
The MES (ES Micro Contract) is 1/10th the size of the regular CME ES contract so each MES contract represents only $5 per point. You can trade the MES without fear of big drawdowns and it’s the perfect way for a beginner to get started in the Futures market and learn the ropes. Build your confidence trading live with the Micro contract.
4) We’ll include the NinjaTrader on-chart indicator at no extra charge.
We have a “companion indicator” for both NinjaTrader 7 and 8 that plots everything on the chart for you – making it even easier to follow along. You’ll see the opening range, trailing stops and Targets right on your chart – and they adjust automatically. Just let us know which version of NinjaTrader you’re using and we’ll send you the download instructions. If you aren’t using Ninja, no worries – the system is still easy to follow and trade on whatever trading platform you are currently using.
5) The strategy is consistently profitable and scores big points.
As soon as the CME announced the new Micro contract we realized that it would open up a whole new world of possibilities for a strategy we’d developed that required an enormous account size to implement. Most traders don’t have the account size to trade this system with the full sized ES contract – due to the nature of the wide stops and aggressive targets. Since it’s a “targeting strategy” the idea is to enter with multiple contracts and jump in on the early trend of the day, while keeping the trailing stop wide enough to stay in through normal market fluctuation.
The system is designed to keep you in for the big point moves – as it takes partial profits along the way. The trailing stop ratchets up as price moves.
The system is simple to follow no matter what trading platform you are using.
If you are using NinjaTrader 7 or 8 we include the “On-Chart” Indicator at No Extra Charge. If you are using a different trading platform you simply plot 3 horizontal lines on your chart – one at the Trade Barrier Alert Price – one at the Trailing Stop – and one at the current Target.
Screenshot of the Alert Software running the ES Micro Power Target EZ Strategy
The Introduction of the MES ES Futures Micro Contract is a Game Changer:
The beauty of the ES Micro Contract is that we can use a wider initial stop – which lets us trade the primary trends without getting knocked out by normal price fluctuation. With the regular ES contract, using a 5-8 point stop is not feasible for most traders, but with the Micro Contract it’s no sweat. This flexibility, in addition to being able to trade multiple contracts is what makes this system perform so well.
While the Trailing Stop starts out fairly wide, it tightens up quickly based on the price action.
The system automatically generates multiple Dynamic Targets – but only the current Target is displayed in the Alert Software and on the NinjaTrader chart. If the first Target gets hit you will see the Target change to the next one. You want to sell some contracts at each of the Targets and continue to follow along with the system trailing stop.
Here’s an example of what you will see in the Alert Software System Notes.