TradeOnAuto

Would you like to profitably day trade high octane futures markets while minimising losses?

Are you unsure of the kind of strategies that are necessary to be successful?

Are you having problems following a disciplined approach that gets real results?

Are you knowledgeable of risk management methods that avoid expensive trading mistakes?

Do you have time restraints that prevent you from effectively monitoring markets, indicators and realtime conditions resulting in below par trading decisions?

Is your current approach resulting in poor profits, frustration and losses?

 

There is a better way……..

the exclusive and unique TradeOnAuto control panel will manage your risk and trading strategy, monitor your chosen market, execute the entry and exit, set and reassess stops in real time all on your own PC or Mac without you even needing to be present!

 

• TradeOnAuto is a unique trading product. It enables you to use your PC to trade a futures market almost anywhere in the world and be set up ready to execute a trade hours BEFORE the market opens! 
  

• Once set up, the TradeOnAuto interface panel handles everything; order entry, risk management, position sizing and exit strategy. You don’t even have to be there!
  

• Each part of the process is handled according to a range of strategy options set by the trader in the TradeOnAuto interface panel.
  

• A picture tells  a thousand words, so watch these videos to get an idea of how TradeOnAuto can enhance your trading experience and your bank account.

• TradeOnAuto Demonstration Video

• A Typical TradeOnAuto Day Trading Session

 

Background

My name is David Bennett and I have been a futures trader since 1998. In the early days I tried a variety of trading styles and techniques before I found one that was right for me – day trading futures contracts because of its great profit potential, quick results, and reduced risks. 

To improve my performance, I wrote a manual setting out my trading rationale and methodology. This eventually became an eBook available on my 12oclocktrades.com web site.

Since publishing the eBook I have coached many traders on a one- to-one basis. In 2009, my methods were featured in the book “Day Trading Grain Futures” published by Harriman House, available from Amazon.

Most clients encounter difficulty in two areas: 

• Consistency.   Markets move quickly, and often a trader simply makes a mistake due to time pressure. This can be overcome through practice, and some people are better at it than others, but even a couple of significant mistakes each month can make a huge difference to returns. 

• Sticking to the Plan.  Even if simple mistakes are avoided, traders often fall into the trap of watching the market and making emotional snap decisions to change their plan. Maybe they exit a trade early, don’t take a profit at a planned target level, or take trades that don’t meet their normal criteria. Falling into this trap means they are no longer trading a predefined plan, which is one of main reasons traders fail. 

TradeOnAuto© is very fast and doesn’t make mistakes due to time pressure. Nor does it let emotions induce it into deviating from the predetermined plan. It is absolutely consistent. 

Many clients struggled with the time commitment required for trading. Although I made every effort to reduce the time required, a trader still needed to spend one or two hours each day executing their trading plan. The time commitment wasn’t flexible, insofar as it was geared to the markets. For example, in Australia I had to get up after midnight each night of the week, and trade the grain markets when they opened at 9:30am in Chicago. 

Some people were simply unable to make this commitment, and to others it became a real grind. For me, even though it was my only regular “job”, I found myself constantly tired. 

TradeOnAuto© can be started in a few moments at a time convenient to you, hours before the trading session. Once started, you don’t need to watch it because the entire process is automatic!

Interactive Brokers provide tools for programmers to build automated trading software, but I ignored this for a long time because I knew that automating my process properly would be a major project. I have a background in IT and a degree in Computer Science, so I had a good appreciation of what I would be letting myself in for. 

Eventually, I bit the bullet and wrote a program that implemented a very simple form of my strategy. For me, it was life changing!  No longer did I need to set the alarm for that midnight start, then struggle to get a few hours sleep before it was time to get my son ready for school. The program, simple though it was, worked brilliantly. It became the prototype for TradeOnAuto©.

TradeOnAuto©  has been designed from the ground up as a commercial product. When you try it, I’m sure you will agree that it is a truly liberating trading product, and you would never want to go back to trading manually again!

Successful trading is achieved by repeatedly executing a strategy with a positive “expectancy”. For example, if you tossed a coin each day, receiving $200 if it’s heads, and losing $100 if it’s tails, you would expect to make money over time. This is not the same as always winning. You could easily have four or five losses in a row. However, as long as you have enough capital to survive the occasional bad run, you should win in the long run.

TradeOnAuto© lets you place high expectancy trades day after day without disrupting your lifestyle! Operational errors are avoided, and risk is managed in a professional manner!

 

 

What Markets Can Be Used?

TradeOnAuto links to an Interactive Brokers trading account, and can trade any futures contract you could trade manually from that account. (Click on the "futures" tab on this table of margin requirements to get an idea of the vast array of contracts available.) I like trading the grains – wheat, corn, soybeans – but other traders prefer equity index contracts, commodities like gold or oil, currencies or financial instruments like bonds. Any futures contract with good liquidity and volatility is a candidate for day trading. Nor are you restricted to the US markets, because IB provides access to Exchanges around the world. For example, here’s a screen shot showing TradeOnAuto trading the Australian SPI 200 futures contract:

(This trade hit its target very quickly and made a great return on the A$20K account being traded.)

 

What Strategies Can Be Used?

TradeOnAuto trades according to the principles set out in my book "Day Trading Grain Futures". It seeks to determine the market trend as quickly as possible, by looking for breaks of support or resistance, and then trades in the direction of the trend. The software comes preset to trade the ECBOT wheat contract using the settings shown in my book, but that’s where the fun starts! The TradeOnAuto control panel enables you to adjust the way the program operates in a variety of ways.

 

You can specify which contract to trade, when to trade it, what time frame to use for charts (anything from 5 seconds up to 1 hour!), what kind of pullback to look for before a breakout, whether to wait for the breakout or anticipate it, what level of risk you are prepared to take, where to set stops and targets, how to adjust for slippage, and whether stops are to be "trailed". The standard settings are fine for most contracts, but as traders become familiar with the process,  they appreciate being able to adjust one or more of these factors for their favourite market.

This is no "black box" system where every client will be taking identical trades! In fact, not only will we be limiting the number of copies of TradeOnAuto sold, but every customer is likely to be running slightly different settings. 

TradeOnAuto is UNIQUE!

We invite you to search the web. You won’t find another product that matches TradeOnAuto’s amazing features!

• Sets up a trading session hours before the market opens.

• Automatic (hands off) trading completely handled by your PC.

• Access to a huge range of markets.

• Ability to change and refine strategies with no programming knowledge required.

• Engineered to minimise risk, even if your PC fails or loses connection to the internet.

• Easy to use!

Using TradeOnAuto is like hiring a well trained, reliable futures trader to sit at your desk and place disciplined trades day after day, following your trading plan to the letter.

 

What Kind of Computer Is Required?

TradeOnAuto runs on computers capable of running Interactive Broker’s TWS software (see "Systems Requirements tab here). A reliable internet connection is important.