The Basic SATS2 Trading Expert

The extended SATS2 system application consists out of four different parts.

In this first part we just look at the SATS2 expert. Here there is no user interference except of course opening the stock chart with the SATS2 expert linked to it. SATS2 will then clearly show the buy and sell signals. In this part we will also look at money management.

In the second part we are going to show techniques to avoid SATS2 losing trades or to make a faster exit for more profit. For this we will heavily rely on 3 customized indicators and Elliott wave analysis. One of the indicators will help us to make these Elliott wave counts.

Important is that the opening trade is always initiated by SATS2. That way it will be almost impossible to have trading results that would be worse than just using the SATS2 system by itself.

In a third part we will introduce the use of PUT options for compensating losses during price correction phases and market downtrend periods. For this we will basically use trendlines and support and resistance lines.

Part four finally is the basic technical analysis part of this manual and introduces the user to the techniques used in parts 2 and 3.

SATS2 basic application

The SATS2 basic application consists of the SATS2 expert function.

Once SATS2 is attached, the bar chart or the candlestick chart will automatically be colored green for long positions (figure 1.14).

The closing price of the first green bar after a red bar is a signal for opening a long trade (buying the stock).

The closing price of the first red bar after a green bar is the signal to close an open long position (sell the stock in possession).

That’s it, very simple!

Figure 1.14: Green colored price bars by SATS2 expert function.

SATS2 Basic Application NEXT -Part 1 -Part 2

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