Fast Track Eddie - Entry

Overview - 

Fast Track Eddie will auto-enter more contracts if the following is true:

  • The last price is back X ticks from your true average price. 

What order will it place? 

  • It will place an order for X contracts each time unless you ask it to increase the order size. (See settings below)

Will it place an order X ticks back from the last price or the average price?

  • It will use the last price of the market as long as the it is X ticks back or more from your True Average Price. 

How long will it wait to place a new order? 

If you max contracts are not met, then it will wait per the inputs. 

The waiting is a key feature on GFP. As you start to use this function, you will start to see why how having the setting set up this way works.

Why would you use this function?

Using Fast Track Eddie can significantly improve your average price from your original entry. You can set the max number of contracts to enter.

You do not have to tinkle around trying to place exact orders to improve your position in the direction you believe the market is trading. The app will systematically and automatically do this for you.

You will be in more control of your average price and spend more time concentrating on the market rather than placing orders. Don't guess where to place the orders? The GFP app will do this for you automatically.

Fast Track Eddie will organize your trade entries using preset inputs and timing. 

You will be better off because you can stay close to market turns or take advantage of set back on break-out orders known as RBBS Buy / sell patterns. 

If the model works, you will have more positions and exit sooner if you wish above or below your true average price. 

This function is key to how we stay close to the market automatically.

Settings -

On/Off = You have the option to use this function or not. You can turn this function off is it was on during the life of a trade.

Qty - The number of contracts to place each time the conditions are met.

Max Qty - The max number of total contracts to accumulate. If set for 10, than it will not place orders if the total number of contracts are at 10 or more.

Trigger - The number of ticks back the market has to be from your True Average Price to trigger and order to be placed.

Delay (Sec) - The number of seconds after the last order has been filled to wait for a new signal. This is a key feature to how this all comes together.

Ticks - How many ticks back from the current last price to place to the new order.

Progressive On/Off - You have the option to use this function or not. You can turn this function off is it was on during the life of a trade.

What this function does is add more contracts above your starting Qty above for each order.

Add X Qty - The number of contracts to add to each NEW progressive order after the first order above is filled. 

For example, If you started with 1 Qty and have 1 Qty to add, then next order would be 2 contracts.

Max Qty - Progress up the number of contracts, but this will stop the progression when it reaches your max and the max Qty above is not met. So, they work together.

Frequency - It will wait every X fills. If set to 2, then it will wait every 2 orders to place the higher Qty orders according to the inputs.

Free Demo

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Cycle Trader Pro is a complete trading software company that has created many custom indicators that show momentum and cycle reversals better than most others. We build custom auto order entry and exit applications, and auto trade system strategies.

The overall purpose of the Cycle Trader has been to continue to create trading indicators to show market momentum & reversals better than most other indicators. To create trading models to help traders understand what pattern the market may be in at the time to help them make the best choice in direction at the time.

We have designed trading apps to help traders save money entering and exiting positions. The goal was to make the trading apps automatically handle orders after entry. This way, you our traders could concentrate more on the direction of the markets than placing orders all the time. Then we added value for each trade from start to finish displaying personal trade data. The trade data with the CycleTraderPro apps is data one would not expect from others apps.

We run all the indicators, charts, Go Fish Pro and the Auto Entry on NinjaTrader

We offer just the indicators on MetaStock, TradeStation, MetaTrader and MultiCharts

Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.