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MicroTrends EasyTrader does it work? trader opinions needed pls.


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MicroTrends EasyTrader does it work? trader opinions needed pls.

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  #1 (permalink)
OKC, OK
 
Experience: Advanced
Platform: Ninja Trader, Trade Navigator. ToS
Broker: PFG/CQG
Trading: forex, futures
 
nanook77's Avatar
 
Posts: 23 since Jun 2010
Thanks: 84 given, 8 received

A company calling itself MicroTrends has a group of indicators, including an ATM replacements for the NT7. They seem to require traders to open an account with Optimus in order to have access to the software. They allow simulated testing only, so can not try in real life without moving account etc. Does anyone know anything about this company or platform?

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  #3 (permalink)
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I am an Optimus customer. Matt called me several weeks ago and asked me to try the MT Easy Trader. He has bought several licenses and is providing the software free to his clients.

In order to use MT Easy Trader, you need the latest version of NT. If you have that, installation is a breeze.

The software has several excellent features. One is it provides real time feedback for risk management. You input what percentage risk per trade and the number of contracts, and you get the stop automatically for those parameters. This is a convenience and is not the power of the software.

The ATM features are better than NT as it provides more choices. Stops can be calculated based on dollars, percentage of account, percentage of ATR. There is an adaptive stop feature based on ticks, candle low/high, parabolic, SMA, ATR, daily high/low, Bollinger, Donchian, or previous low/high. These adaptive stops can be filtered by capping the max risk based on parameters you can set.
o
Trailing stops can be based on SMA, ATR stop, low/high, previous low/high, close, bid/ask, Bollinger, Donchian, parabolic, swings, or custom.

Targets can be based on ticks, price, currency, or percentage of ATR. There are 4 targets available.

There is a time based exit strategy and it appears they are working on a trend line based exit also.

The strength of the software is the ATM stuff....but all that said, all that is functional now is for a market order entry. Buy stop entries, limit entries, etc, are not enabled on the version I have. Matt is not the developer and he is not able to control when those features will be available. My particular trading style is to enter on a buy or sell stop, so the software is fun to experiment with but not ready for actual use yet. When it is fully functional, it will be a very powerful thing and worth your considering using.

I hope this helps.

My focus is on:
1. Avoid the opening chop.
2. Honor stops
3. Ensure reward > risk on all trades
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  #4 (permalink)
OKC, OK
 
Experience: Advanced
Platform: Ninja Trader, Trade Navigator. ToS
Broker: PFG/CQG
Trading: forex, futures
 
nanook77's Avatar
 
Posts: 23 since Jun 2010
Thanks: 84 given, 8 received

papa15 thx for insight and input.
Have also done further research and do no believe that this platform is quite ready for prime time.
Found it could also be purchased at NT indicator store for about $500 currently, with at $999 SRP. Kind of like : buy now, we will fix it later! approach.

I like the look and feel of the interface, the "to be added soon" features etc. Think will wait it out for prime time release. again thx.


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  #5 (permalink)
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mattz's Avatar
 
Posts: 2,487 since Sep 2010
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I just wanted to give you guys an update: I have spoken to the developer and now EasyTrader has the ability to enter limit orders as well. I have a few that I can give away for free if you have an account with us.

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