Switching from a trend-following mode to a short-term swing mode, The Thermostat Trading Strategy capitalizes on the market's two modes, Congestion and Trend. The short-term swing system is an open range breakout that incorporates pattern recognition, while the trend-following mode uses a trend following mechanism similar to the one found in the Bollinger Bandit. This strategy suggests a general flexibility and versatility by switching its approach as indicated; "Many times, you will have a position on when the market switches modes. If we switch from trending to congestion, we simply use the short-term entry method to get out of our trend mode position. However, if the market switches from congestion to trending and we have a position on, we then use a three average true-range protective stop." Could this system meet your trading needs? Find out by downloading your free copy now ... download the eBook to read more
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