Here’s an example of the Alerts, and some screenshots of the new Power Emini Power Target EZ Strategy using the brand-new MES S&P Futures Micro Contract.
This is from the Friday ahead of the 3-day Memorial Day Weekend.
Click the images below for full size
Since it was Friday headed into a 3-day weekend I decided to just go for the 1st Target using an “all in and all out” strategy. I wanted to keep it simple and wrap thing up early.
Here are the screenshots of how the first two hours of the trading day transpired – click the images for full size.
This first image shows where the initial Alert for the day was given (SHORT – Trade Price Barrier 2836.50) and the Time Stamp, 9:49 AM Eastern. The standard entry strategy is to wait for a 1-minute close past the Trade Barrier.
When I saw the first candle close past the barrier I went to my Chart Trader on NinjaTrader 8 and clicked to enter the trade at Market with 4 contracts. You can see I had some slippage but this is no big deal trading the MES. That’s one of the great things about it – you don’t have to sweat the small stuff. It’s only $5 per S&P point with the Micro Contract.
These images are the Power Emini Alert Software superimposed on NinjaTrader 8, using a 1-minute chart – that has our “companion indicator” installed. So you can see how the price chopped around for a while in a range. It came close to the Target a couple times. You can see where I had the Sell order for all 4 contracts set at 2832.50 -the 1st Target (image below).
Below is the screenshot where the price hit the 1st target and took me out of the trade. Normally I would have set my order to just take partial profits at the 1st Target and then held some contracts for a move to the 2nd (and perhaps 3rd) Targets. But again, it was Friday morning ahead of a 3-day Holiday weekend and I wanted to wrap things up early and just keep it simple for this post.
Here’s the snapshot of the following 1-minute price candle after my trade got closed. It actually filled my order on the first big down red candle there, but you can see how the very next 1-minute candle followed-through to the downside, so anyone would have definitely received a fill.
Here’s a screenshot (below) where the price went on to hit the 2nd target a little while later. Notice that the Trailing stop had moved and that the 2nd target was now showing up in both the Alert Software and on the Ninja 8 chart. The Targets appear automatically on the chart as a thick orange dashed line.
Below is the final screenshot – where the price went all the way down to the 3rd Target at 2821.00. Once you get familiar with trading this strategy you will want to scale out at the various targets – and use the system Trailing Stop along the way. You can see that it was a 15.5 point move from the Alert price to the 3rd Target. This is an example of what you’ll see on days when things work out well for our system. Obviously every day isn’t going to be a walk in the park like this, but the great thing about trading MES with our Power Target Strategy is that you don’t have to worry about big draw-downs and you don’t have to sweat the small stuff. MES is the perfect trading vehicle for the beginner or anyone with a small account.
If you have any questions about how this strategy works, just use the Contact page and we’ll be happy to answer any questions you have. It’s super-simple to follow along with the Alerts and easy to get started with very little risk – and a small account size.