Managing Trades with Econ Power Trader
After the pending orders have been open – the high impact news event will typically happen seconds later.
If the result of the news is practically no movement in the market, then the trades will promptly be closed by the system to prevent a trigger of the pending orders into unpredictable trades that can go in any direction – we don’t want that.
Now let’s say the trades do open into active trades because of a strong movement in the market due to high impact news.
The next step is for Econ Power Trader to intelligently manage the trades using its creative technology. Let’s talk about that now.
The system is designed to outsmart your broker and outsmart the market. So there are a few tools built in to help you keep your profit instead of give it up like other systems.
Here’s what I mean…
- Tight stop loss usually no higher than 15 pips to 20 pips on average.
- The take profit usually can go as high as 100 pips or more.
- Double trailing stop protection: stop loss will be moved up to lock in profits, but just in case broker fails to accept stop loss adjustments, the system will always intervene, and close trades automatically based on trailing stop.
Note: The dollar amount in the image below is relative to account size,
a smaller account will have smaller losing and winning trades.
Average Win: $322 / 18 Pips... Average Loss: $123 / -6 Pips
Best Trade: $2,730 Profit... Worst Trade: -$429
One important point you should notice about Econ Power Trader that you will probably not find in most or any systems is the crazy high reward to risk ratio.
As you know when news happens and when it’s worth trading, there will be a strong movement, kind of like this…
If that goes against us or doesn’t happen, we don’t want to be stuck in the trade, but if we catch it in the right direction we absolutely want to ride it fully.
So, with that logic, the stop loss is very small, so small that it barely puts even a scratch on your account if you lose the trade.
But if you win, you can win up to 100 pips! Now that will make a huge dent of profit, right?
- Never uses grid
- Never uses martingale
- Never uses cost averaging
- Never over leverages
This makes Econ Power Trader one of the safest systems available on the market.
Now you know exactly why you can and will excel in trading with Econ Power Trader. And just in case you were wondering, you can be an absolute beginner and still easily get this software running on your account within minutes.
Trust me you can, I had my 10-year-old niece try - she figured it out in a snap. Let’s look at a few trading accounts that I’ve been running publicly so you can see it in action.