The TradeTrend© Signal Software was created by Jeff Tompkins, founder and President of The Trading Profit, LLC and developed by MetaStock. TradeTrend© provides entry and exit signals for stocks, futures and FOREX using a proprietary formula created by Mr. Tompkins. The signals can also be used to make more informed and confident decisions for a wide range of Options strategies. TradeTrend© helps traders stay on the right side of the market and momentum for both long and short positions using daily and intraday time frames.
Momentum trading is a technique in which traders make decisions according to the strength of recent price trends. Price momentum in trading is similar to momentum in physics, where mass multiplied by velocity determines the likelihood that an object will continue on its path. The basic premise is that as an asset is traded, the velocity of the price movement approaches a maximum as new investors enter that asset near peak prices. As demand and money flow into the asset decreases, the tendency is for the price trend to reverse direction. Similar principles apply for momentum continuations.
TradeTrend© pinpoints long and short entry setups based on an algorithm that identifies momentum shifts or continuations that are likely to persist. Since momentum is a significant component of the foundation of TradeTrend©, a key feature of the strategy is to enter trades on a confirmation of the anticipated momentum direction. Therefore, ‘Buy Stop’ orders are used for long setups and ‘Sell Stop’ orders are used for short setups. This allows for filtering of false signals while only entering trades with the highest probability of success.
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