Trade Company Money by Day Trade Institute
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The purpose of this Echo Trade Strategy is to simply get you some experience with the Company’s key indicators and have your experience setting up scalp and swing trading.
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You will need full training. With training you will fully learn the Echo, TNT, Major/Minor, Pressure, Vector, and Put Call Indicators and their specific function and interrelationship to win trades. You will also learn general trade best practices of support and resistance, trade management with hedging and price averaging, and much more.
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This trade strategy will be finished shortly.
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The Signal (as currently known)The Signal (as currently known) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
♦ Attached is some back testing data.
♦ Trade any currency pair.
♦ Apply the method to any three indicator candlestick times. 
♦ Use the top three indicator bands.
♦ A Buy – When any two green signals occur simultaneously (in the upper three indicator bands).
♦ A Sell – When any two red signals occur simultaneously (in the upper three indicator bands).
♦ The practice has been to only be in one trade at a time to keep it simple.
• If you are in a sell trade and two green signals occur, then exit the sell trade and enter the buy trade.
• If you are in a buy trade and two red signals occur, then exit the buy trade and enter the sell trade.
♦ Simply being mechanical and getting in and out of the market when two of a color show up, seems to provide about a 755 – 80% success rate, as known thus far.
• My observation was that this method picked nearly every larger winning trade.
• My observation is that it misses 20% of the trades, but they are almost always smaller trades.  
• As such, the PIPs won is vastly more than the PIPs lost.
♦ That is it, more follows below. yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy
 
Improvement – With A Little Wisdom xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
♦ This is intended to be a simple starter trading method.  However, the success of the method is showing is can be used by more sophisticated traders and provide for consistent wins.
♦ Considering fundamental analysis and news is always prudent.
♦ Using technical analysis is expected to help.
♦ Trade protection with a pending hedge (ideally) or a stop loss (less preferably) should always be used.
♦ Trade take profits can be set as generally practices based off analytical analysis, or just let the trade run.
♦ Based on the time line being used, these trades seem to require less on-going attention.
♦ This method is best in trending markets and seems to catch all (or nearly all) trending trades.
♦ Expect for maybe 5% – 10% or so of the trades there is no need to jump into the trade immediately.  As such a person can jump in after the second indicator or a longer term indicator posts, etc.
♦ In ranging or stagnant trends, this method misses most of those movements:
• One method of dealing with this is to go to the analytical charts, look at longer Echo indicators, etc. and simply stay place a trade in the direction of the longer indicators instead of jumping in and out every 30 minutes or 60 minutes.
• Another approach would be to stay out of the marketing during the ranging periods or periods after a big move and then be ready to be in when it looks like the market is ready to start trending.
• It is almost always a cycle out of sync.  A method might be to simply buy the opposite and one would catch more of these.  Probably not recommended. yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy
My Personal Preference
At this time and with my current level of experience with this method, my personal preference is the following
♦ I want to be more mechanical about these trades.
♦ Basically take them as they come, unless I feel it is simply bouncing up and down in a ranging manner for the next few candles.  I might stay out or just leave a sell or buy in and ride out the ripples.
♦ Given that it catches virtually all the big moves I think I will mechanically trade it and see what occurs.
♦ I want to be comfortable with taking 15%, 20%, or even 25% losers and be comfortable with that for the following reasons:
• Most businesses only earn a few percentage profit off the risks they take.  A 75%, 80%, etc. win rate is great.
• In this case is it is not so much about how many losers occur, because they are usually small, and so the percentage lost is nearly irrelevant.
• What is interesting is that the wins are usually all big compared to the losers.
• So just trade it mechanically and take the bigger wins and let the little losers come and go. 
Next Action xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
• Just gain more experience with it and see what refinements can improve upon the method.
♦ Some at the office are wondering if there is a relationship between to signals that occur next to each other or if they occur separated by the middle indicators.  Meaning does that signal something.  They are looking at that pattern.
♦ Combining other indicators, charting, etc. yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy