Black Box and Gray Box Automated Trading

The Plan

TMAT is a powerful tool but you still need a plan.  Your plan should be to make money by utilizing TMAT's features to help you do things with regard to trading that you may not be fast enough, disciplined enough, or have enough trading prowess to do on your own consistently.

Since it doesn't take a lot of movement to make an extra $100 a day when trading ES or CL, we will start with some examples that reference those two trading instruments.

Example 1:  Configure TMAT to trade ES and scalp trade $100 and then shut-off once that goal is achieved.  As you configure TMAT, you should decide on a reasonable "profit target" and "stop loss" for each ES trade and your loss limit for the day.  For ES maybe start off by using a "profit target" of 4 ticks and a "stop loss" of 6 ticks or less.  Select TMAT Auto Trade triggers.  Also, configure the "Risk Management" settings as desired.  Do you want your stop loss order to be moved to breakeven if a trade has moved your way 2 ticks or 3 ticks or ?  Or, do you want to use a trailing stop instead?  Enable TMAT and turn-on the trade triggers by clicking the red button.

Example 2:  Configure TMAT to trade CL and scalp trade $100 and then shut-off once that goal is achieved.  As you configure TMAT, you should decide on a reasonable "profit target" and "stop loss" for each CL trade and your loss limit for the day.  For CL a "profit target" of 10 ticks and a "stop loss" of 10 ticks or less.  Select TMAT trade triggers that agree with your current trade bias (trade the UpTrend, DownTrend, Pull-Backs, or any other available combination of trade triggers).  Then configure the "Risk Management" settings as desired.  Enable TMAT and turn-on the trade triggers by clicking the red button.

Keep in mind you can schedule TMAT to trade all day or for any portion of the day.  So if you only want TMAT to trade for 1 hour, you can configure it to do so.

Spend some time with TMAT and let it trade in simulation mode (no risks).  Soon you should find a TMAT automated trading recipe that consistently works for you on each instrument that you trade.

       

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