No slippage has been deducted (not applicable to a limit order strategy). $5 per round-trip commission has been deducted. No element of this strategy has been optimised or curve-fitted. Here are the results of trading this strategy with a single E-Mini S&P futures contract over a one year period. For less volatile returns, experiment with a longer term trend filter (such as the Delphic Anchor Trend) to provide a market bias, and exit rather than reverse your position on opposing signals counter to the trend filter bias.Stop-and-reverse, holding your position until an opposing signal is given.Keep both a buy limit order in the market at the вЂLong StopвЂ™, and a Sell limit order at the вЂSell StopвЂ™ On a short timeframe chart, add the Delphic Intelligent Stop indicator with the default settings to display both a long and short stop loss.A word of caution though: market making is a relentless and intense activity, not for the faint-hearted! Traditionally this was the job of the floor trader, but transferring this timeless edge from the pit to the screen can provide a consistent and methodical route to profits. Taking the other side of intra-day order flow can be a very lucrative tactic, especially in non-trending markets. Market Maker Strategy with the Delphic Intelligent Stop The Intelligent Stop has locked in a profit of 6.25 points. Your profit target is almost achieved, but price then reverses and your trailing stop is elected at 1239.50. Your stop would only be moved up to the position of the green dot at D after that bar had closed.Д®. ItвЂ™s important to note that you are not stopped out at point D. This is nine times further from your entry than your initial stop-loss is.Д. A profit target is plotted as a red dot above each bar that develops. Your strategy calls for a 9:1 ratio of reward-to-risk, so you enter вЂ9вЂ™ as the ratio in the вЂRatioвЂ™ input. It will then begin to trail favourable price action.Д¬. The initial stop-loss is plotted as a green dot below the entry bar. In the вЂFormat IndicatorвЂ™ window you enter the entry price into the вЂLongEntryPriceвЂ™ input, and you enter 0915 as the time of the entry in the вЂEntry_TimeвЂ™ input.Д«. You decide to enter a long position, buying at 1233.25 on the close of the bar. On the right we examine an example of a hypothetical long position and see how various features of the Intelligent Stop and Target can be used to track the position and maximise profits.ДЄ. This means that only long or short stops will be displayed at any time, dependent upon price action.Д«y inputting a specific price and entry time, a custom stop-loss and profit target in a user-defined ratio can be plotted (see the example of a long entry with stop and targetвЂ™ below). In default mode, the stop-loss continues to plot regardless of whether price moves through it.Д«y setting вЂStepOnвЂ™ to вЂTrueвЂ™ in the indicatorвЂ™s вЂInputsвЂ™ tab, the stop will either remain unchanged, or move in the favour of the trade, but will only reset once it has been hit. The long stop-loss is plotted below the price bars as a green dot, and the short stop-loss is plotted above the bars as a red dot. The default setting for the indicator is to plot stop-losses for both long and short positions. Once a stop loss has been hit, the indicator recognises this and will reset itself.By inputting the entry price for your trade, a profit target can be plotted at a fixed ratio from the stop, so that you can maintain a positive risk/reward ratio tailored your own particular trading style. As well as stop-losses, the indicator can also be set to plot profit targets based on the same volatility adjusted criteria.Stops for both long and short positions can be switched on and off, helping to keep your charts un-cluttered and allowing you to focus on opportunities based around your current market bias.The stop-loss only ever moves in the direction of the trade, so even if volatility increases or prices begin to reverse, it will never increase your risk. Trailing stop-losses вЂ“ the Delphic Intelligent Stop trails favourable price action, enabling you to lock in profits as a position moves in your favour.Here are some more features of this versatile indicator: Using a unique proprietary method for measuring volatility, stop-losses for both long and short positions are plotted above and below current prices.Д«y factoring in current market volatility, the Intelligent Stop is designed to ensure that your stop-loss is placed beyond the reach of current market noise, and will only be hit if the market moves significantly against you, giving a clear signal that itвЂ™s time to protect your capital. The Delphic Intelligent Stop is a вЂcannedвЂ™ risk management tool that has the potential to be incorporated into any strategy.

Tradestation trailing stop