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Eric Lefort profit target and stop orders
Trading like Eric Lefort
This pack for the NanoTrader trading platform contains Eric Lefort’s unique profit target order (Intelligent Scalping target) and his two special stop orders (the Intelligent Stop and the Super Stop).
The profit target can be combined with one of the two stop orders to protect any position. All three orders are suitable for any market, any financial instrument, and any time frame.
The Intelligent Scalping profit target
Eric Lefort's unique order automatically adapts the profit target to the evolution of the market price. In order to do so, the order analyses how the market price moves.
Initially the order is placed at a certain distance. The Intelligent Scalping target starts to analyze market trends and moves progressively closer in order to catch an impulse top or bottom.
By analyzing the price extremes, the precise moment to close a position is identified.
This example shows a long position. The market evolves sideways. The intelligent target goes down but only on every major price impulse. The market goes up, and the position is closed with a profit.
This example shows a short sell. The position is going badly. Nevertheless, the Intelligent profit target tries to chase the impulse highs to exit at the best condition possible. The intelligent target moves up as the risk increases. When the market goes down again, the stop target remains in place. In many cases, this approach helps to reduce a potential loss.
The Intelligent stop order
The Intelligent stop is a trailing stop for markets in a strong trend. This stop adapts to the market movements in order to keep the position open as long as possible. The stop automatically detects the right moment to exit.
This example shows that the Intelligent stop is designed to keep your position open during a trend. This is possible because the stop detects signs of weakening. In this example the Intelligent stop detects a price slow down followed by a price range. The stop moves as close as possible to maximize the profit.
This example shows the Intelligent stop detecting the absence of momentum and the existence of a price range. The stop moves closer to reduce the size of a potential loss.
This example shows the combination of the Intelligent target and the Intelligent stop. The market price reaches the target. The position is closed with a profit.
The Super stop order
The Super stop is a trailing stop based on the high price, the low price, and price volatility. The stop is designed to make the most of market impulses.
This example shows how the Super stop adapts to market impulses.
This example shows the combination of the Intelligent target and the Super stop. The market price reaches the target. The position is closed with a profit.
After your purchase the pack is located in the WHS Store > Eric Lefort folder in your NanoTrader platform.
Activate TradeGuard + AutoOrder for the orders to be
automatically placed after you open a position.
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