AutoTrader jobs numbers are a big economic number that comes out of Fridays mornings, and on this particular release the numbers came in lower than expected. So that means the volatility for the day will also pick up. And that is what the autotrader likes, big moves up and down. So on this day we set the autotrader to start trading at 9:00 am and were trading 3 contracts with profit targets. We use profit targets to lock in profits on the moves, so first contract I will have profit target at 14, second profit target I usually times the first target by 2, so it would be 28 and third one is the runner that catches the full trend. You can use any combination profit target that is suitable to your trading style. Some one that scalps may use 10,20 profit targets, or 8 and 16. Look at the chart pre-market and see the ranges from highs to lows. And you can set a profit goal, or set the setting to false and it will trade until you shut it off, or you hit stop loss.
So as the chart below shows it caught a nice down trend in the money to start. Then it gets some smaller waves down and up and within a half hour we have over $1000 in profits. So if I had set the profit goal to $1000 it would of stopped trading. I could unenable the strategy reset it and start it again if I wish. With our autotrader that is used in Ninjatrader Trading platform there are no restrictions on times, or profits. Follow our live trades on Twitter each day https://twitter.com/trading123net
Auotrader jobs numbers are very profitable days to trade. The chart below is continuation of chart above, have to use two separate charts due to space. So the red —— lines you see above and below the price on the charts are the stops. The green —— lines are when it hits our price targets, LX1P means it exited at the price, so were trading 3 contracts LX2P is exiting at the second profit target. So here it caught nice big move down, and reversal up. And are profit and loss is displayed in real time, and we are up $1670 on three contracts. And we book or profits for the YM, nice profits for just over 1 1/2 hours of trading. For more info check out http://trading123.net/autotrader/