Let’s Make It Simple – Box & Band
First, our special tool will “BOX” out areas that are deemed “untradeable” – Ranging Market, Sideway Market, Congestion, Consolidation, Ledges, Test-of-Bottom, Test-of-Top, High of Pivot Low, Low of Pivot High and whatever terms you have heard of! It all means the same to traders – Areas that you Don’t Trade!
The objective of the Box is simple:
– Identify Areas NOT to trade
– Cut down non-profitable trades
Here is an example of how we ‘box’ congestion areas (focus on the blue lines – the brown box is for visual effects to show you how the areas are boxed!) By boxing the ranging areas or congestion areas, we can know quickly know when there is a transition that gives this method an edge over trend-following.
Now, please remember. These areas are NOT your Gold Mine. Instead, they are your LAND MINES!! Avoid at all cost!
Once we have identified when not to trade, next we need to know when is the exact time to enter and exit a trade.
So the secret is…….. the Dynamic Band!
We already have the box. Now, what we need is a Band. The key feature of this Dynamic Band is
• It is an Adaptive Band that is SENSITIVE to Price Movements
• It Responds to Market VOLATILITY
• It can Generate TRADING SIGNALS
Just remember these 2 components:
1. Dynamic Line – Single Line -> Low Volatility -> Congestion Area
2. Dynamic Band – Twin Lines -> High Volatility – > Range Expansion Area
Take a look at a simple illustration below and the idea is simple. You should only consider entering a trade if the price starts to move into a Dynamic Band and exit as it turns into a Dynamic line.
When you combine Box and Dynamic Band together, you have a unique and powerful trading tool that allows you to
– Enter a profitable trade early before anyone else
– Cut down on non-profitable trades
– Control your risks in trading (trades are limited to Overlapping Bar Risks but ENJOY Runaway Bar Gains! )
And that is exactly what we did. We have combined the box and band method into a Simple-To-Use Metastock Addon that you can literally plug in to your Metastock* and start profiting!
*Why Metastock? Because MetaStock is a well known Technical Analysis software created by Equis International, a Reuters company. MetaStock is widely used by serious traders and has won multiple awards. We highly recommend it because it is easy to use yet very powerful when coupled with good MetaStock formula like our Dynamic Band. It is a complete package suitable for both novices or expert traders! Requires Metastock Version 10 and above.
Introducing the Revolutionary…
DYNAMIC BAND!
We are extremely excited about our latest launch because never before had anyone come up with such a simple method to capture the Hungry Money! When you use this dynamic trading tool, we guarantee it will blow your mind!
In this Metastock Addon, you will find out more how you enter and exit the market using the unique “Box and Band” method. Included in this set are