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Clipper II (ER) Trading System
To learn more about this system,
Call 800.669.8838/312.987.0043 or Email us» . |
Developer: Jack Telford |
Market Sector: | Stock Indexes |
Markets Traded: | |
System Type: | Day Trading |
Risk per Trade: | about 4 pts |
Trading Rules: | Not Disclosed |
Suggested Capital: | $6,000 |
System Cost: | $19.00 Monthly Subscription |
Results Available?: | Yes View Performance» |
System Description: | Clipper is a daytrading system based on the Compass model that trades the Russell 2000 and Russell 2000 emini stock index futures. Like Compass, Clipper is distinctly different from any other mechanical day trading system. Clipper utilities a completely different concept to day trade the stock index futures markets. Instead of dependence on individual bars like systems based on technical indicators, Clipper attempts to identify and isolate a single consistent and reliable pattern that has always existed in the stock index futures markets. The design of Clipper relies on the consistency of the index markets to repeat that specific pattern. a pattern that should exist as long as stock index futures markets trade. Clipper is unique in the fact that it relies exclusively on price and time and contains no technical indicators. Clipper identifies a specific type of day in which a trend is established in the morning, has a shallow pullback during midday, and then re-establishes the trend in the afternoon. Once the midday pullback begins Clipper immediately generates a limit order for entry into the market. Clipper will then simply wait for the market to pullback and fill its limit order eliminating all slippage on market entry. Trades are exited Market On Close and the initial stop is is trailed at a predetermined .618 retracement level. Clipper generates only one setup per day and trades on average 10 days per month. Clipper does have the ability to reverse its trading position in specific situations. |
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