You are here

Thrust Prevention

Printer-friendly versionPDF version

Just like an engine has a governor to keep it from revving too fast, the Autopilot has a Thrust Bar Regulator. If the market revs up too high, the Thrust Bar Regulator will keep the Autopilot from entering the market. You’ll often time hear technical analysts refer to this phenomenon as the market having moved too far too fast.

If selected, you can specify how high, or low you are willing to allow the market to move during any single timeframe and within a specified number of price bars before allowing the autopilot to place an entry order.

For example, sometimes news events will radically move a market too far too fast, making it unwise to enter the market. Therefore this setting allows Track 'n Trade to monitor the market for just such an event, and if the market price jumps radically higher or lower, and gives what I call a "long-bar," and your chosen indicator then throws a buy or sell arrow at the top or bottom of that thrust bar, the Thrust Bar Regulator will keep the Autopilot from placing an order to enter the market.

This highly effective tool also includes a Q-Calc. button to help determine the best setting for your given market and strategy.