PROFITABLE
TRADING WITH THE PT OSCILLATORS AND MECHANICAL BUY/SELL SIGNALS
Twelve
PROFITTRADER for METASTOCK Indicators have been combined into
nine templates with four sub-templates to show how the ProfitTrader
Indicators combine to analyze and trade markets based upon timing, trend,
and Mechanical Buy/Sell Signals.
A
word about Templates -- The MetaStock program does not allow control
of the indicator styles and colors. A consistent style of color and
thickness cannot be set for individual indicators to plot the same
on every chart. Therefore, ProfitTrader for MetaStock makes extensive
use of the Template feature to maintain the same identifiable styles
for individual indicators and combinations of indicators. PT Users, click here to learn more about the use
of Templates. |
Click
on (1) to begin:
- DoubleStoc10
Oscillator with Mechanical Buy/Sell Signals
The Double Stochastic oscillator (DBS10) is a powerful trading tool
and trend indicator that generates high-probability Mechanical Buy/Sell
Signals that also serve as identifiers of cycle bottoms and tops.
The accuracy factor of the Bressert DoubleStoc10 Buy and Sell Signals
is approximately 70%.
- DBS5
Oscillator With Mechanical Buy/Sell Signals
The Bressert DoubleStoc 5 tends to show the smaller cycles and generates
Buy and Sell Signals that are up to 90% accurate for the shorter-term
cycles. It also interacts with the DoubleStoc10 to form Buy and Sell
Patterns.
- BLine
Oscillator and Buy/Sell Signals
The Bressert BLine oscillator generates Buy/Sell Signals that are
even more accurate than the Bressert DoubleStoc in identifying cycle
tops and bottoms, 80% and higher depending upon the market and time
frame.. The BLine Buy/Sell Signals combine well with the DBS10 Buy/Sell
Signals, often confirming a Double Stoc Signal with a BLine Signal,
the following bar. A combined BLine/DBS10 Signal often occurs at significant
tops and bottoms.
- DBS5
and 10 with Buy/Sell Setup Signals and Oscillator Patterns
The DBS10 and DBS5 are powerful stand-alone oscillators that generate
high-probability Mechanical Buy/Sell Signals. When the DBS10 and DBS5
Buy/Sell Signals and Trading Patterns are combined, they become even
more powerful and are frequently followed by substantial moves, most
often in the direction of trend.
- All
(4) Buy/Sell Signals With the BLine Oscillator
Four Mechanical Buy and Sell Signals are combined into one Template.
The BLine Buy/Sell Signals give the strongest identification of cycle
tops and bottoms and trend reversals, but the combination of three
and four Trading Signals are often followed by significant moves
in the direction of the signal.
- Trend
Direction
The most consistent path to profits is to trade in the direction of
trend
and anticipate trend reversals. The EMA Trend Indicator
is an excellent tool for determination of the trading trend, and when
combined with the EMA %Diff and MA %Diff Indicators, the odds of catching
trend reversals is greatly increased... by watching the direction
of trend relative to the %Diff and the EMA lines, you can trade high-probability
Oscillator Patterns based on the interaction of the DBS5 and the DBS10
in Templates 1-4.
- Keltner
Bands and Buy/Sell Signals
Keltner Bands are an excellent and powerful analytical trading tool
to anticipate Support and Resistance levels in trending moves, and
to also identify Support/Resistance levels of Congestion Ranges.
- Detrend
Template Combines Trend With B-S Signals
The PT Detrend Template combines the EMA Trend Indicator, %Diff lines,
and Buy/Sell Signals to identify high probability trades that often
occur at cycle tops and bottoms in a trending market.
- Time
Forecasting With Timing Bands
The ProfitTrader Timing Bands, a powerful forecasting and trading
tool based on historical cycle tops and bottoms, forecast the most
probable time periods for future cycle tops and bottoms, and are used
in combination with the other indicators to determine trend and trend
reversals.
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To Apply
a Template:
1) Create
a chart with data.
2) Right
click in a blank space in the price chart.
3) Choose
"Apply Template" and locate the WB Templates Group which has the MetaStock
ProfitTrader Templates in it.
4) MetaStock
will create a duplicate of the original chart and apply the Template to
that duplicate.
5) Delete
the original chart and use the new chart.
NOTE: A Template
"erases" all of the indicators on the original chart, so do not try to
apply more than one Template to a chart as the second Template will plot
on a new chart. To apply two or more Templates use two or more charts,
applying one Template to one chart. The Templates allow you to be consistent
in applying the indicators to any chart without spending valuable time
changing colors and style. You can also plot a Template Combination, then
add and delete ProfitTrader indicators, or any other MS indicators to
build your own Template Combination, and save it as a Template with a
name of your choice.
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