Think of an Experienced Traders’ Brain as a blueprint for a trading algorithm. Then the desire to keep charts as clutter free as possible. What you see below is a blueprint of Paul Bratby’s thought process but even he admits, he is getting too old to focus on all of these!
• 9 Decision Points before Paul considers grading the trade a 3* trade
• Then another special Decision Point will make it a 4* trade
• Another for 5* trade
• And Finally, a total of 12 Decision Points being correct before he grades a trade 6* trade
So, to make his most successful trading strategy easier for him to use and then in turn for traders of all levels to use. He sat down with his developer to talk through his thought process, what he measures, how he grades the trades with different indicators and then asked the question.
Can you include of these “Decision Points” as an Algorithm, but leave them off the chart? And only print the signal with my Star* rating of the potential trade?
The answer was “Yes” and the XBrat Algo was developed.
Then over 150 Hours of manually back testing by Paul to ensure his ultimate strategy was being represented by the Algo was conducted. A few tweaks, as Paul is a perfectionist and it was ready to release.
What do you get
The xBrat Algo Indicator For The Tradestation Platform
|9 Decision Points before Paul considers grading the trade a 3* trade|
|Then another special Decision Point will make it a 4* trade|
|Another for 5* trade|
|And Finally, a total of 12 Decision Points being correct before he grades a trade 6* trade|
The xBrat Algo Indicator Proprietary Trading Indicator – PaulBratby.com
Note For TradeStation Users:
When using the xBrat Algo, we recommend using Heiken Ashi bars over Candlesticks. Just use this link to import from the TradeStation App Store
Specification: The xBrat Algo Indicator For Tradestation 10