A strategy that uses intraday bars for analysis, The Super Combo Day Trading Strategy also uses daily bars to calculate buy and sell signals. Designed to day trade the stock indices, many different ideas have been incorporated into this system. Its code is complex, as is the system, yet TradeStation offers in depth commentary on programming to facilitate understanding. Super Combo uses both Breakout and Failed Breakout technology as the foundation of the system, making it a top performer.
Describing the breakout component of the system, TradeStations says, "The key to successful break out systems is finding the "sweet spot" above or below the open that foretells further movement in that direction." Of the failed breakout component, we read this; "Once a trade has been initiated, the system uses protective, break-even, and trailing stops to manage the position. The system also utilizes a protective stop reversal. Sometimes a trade is put on and failure occurs within the next couple of hours. This can occur without the system sensing a failed break out." Download your free copy to see if this system is right for you. ... download the eBook to read more
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