What Instruments Provide The Best Trades?

Recently we were asked a great question: What is the best instruments to use with the TriggerCharts trading systems ?

That is a great question that will depend on many factors. However, here are some tips to help you decide.

  1. For active trading styles , we have found that trading commodities and futures have seen some of the best profits with our traders.
  2. Swing traders can use stocks that are showing the most range over a short-term time frame to catch breakouts.
  3. Day traders can look at the most-active lists to seek out key levels that will help to squeeze shorts through “holes” or find support and resistance levels to bounce off of.
  4. Long-term traders have had the most success with a combination of Aileron and Altimeter to find deeply oversold conditions ripe for a rally by finding key turning points for a change in trend.

Let’s take a look at these one at a time to see the most profitable setups we have found for some of our indicators.

1. Active Traders

Commodity and futures trading is not for everyone. However, it can provide a very exciting and profitable experience for those that choose to work with these instruments. By using the AutoPilot and Altimeter (part of the Commander Series), traders have found that simply focusing on the support and resistance levels that are automatically drawn key them into important moves. Many use the 60 minute and 240 minute time frames to get an inside look at markets and use Long– and Short-Alerts signaled from the Commander Series Autopilot within the RadarScreen for entry confirmation.

Remember to use the generic future contract when applying these indicators and then trade the front month contract. Looking at only a front month contract for analysis will not provide enough historical reference for the indicator or for that matter most other indicators as well.

2. Swing Traders

By finding stocks that have had a wide range of price movement, the Altimeter can help to find entry and exit levels within the range. Often times, when stocks gap higher into resistance, there is a specified target on the top end that can be used as a long exit or short entry. Look for Altimeter widths that are much wider than ones previously seen on the chart. The ranges can be found by looking for the red and green horizontal lines that are drawn on the chart. Once the range has been established, one strategy that can be implemented is to short the top and buy the bottom of the consolidation range.

Many traders prefer to use the Daily time frame for these setups.

3. Day Traders

Using the TradeStation Hot-Lists are a great way to find those stocks that are moving quickly on the day. Shorter-term time frames (30 minutes) with Altimeter and Autopilot are a terrific way to find if there is the potential for a massive short squeeze above a key resistance level (Altimeter red line).

4. Long-Term Traders

If you recall, last month we discussed the Banger Pattern as a way of identifying the change of trend along with key support and resistance levels. Those traders that are searching for optimal entries and exits have had a great deal of success on daily and weekly time frames.

The pattern is easily identified by combining signals from Aileron360 and Altimeter.

We hear wonderful success stories every day from our subscribers. We hope that you can also bring us your profitable experiences to share.


You can always check the Education & Training section of the site for additional videos and articles of interest.

Our goal is to provide traders with actionable and reliable trading signals. This goes for day-traders, swing-traders and longer time-frame setups on any security.

Take a free-trial and see how TriggerCharts can help boost your profitability.


NEW – TriggerCharts EcoTrack can be downloaded directly to your platform from the
Tradestation Trading App Store.


If you want to see additional TriggerCharts indicators in action, you can check out the free video library for all of the TriggerCharts Indicators.


Take a 10-day FREE trial of any TriggerCharts premium products to see how they work!


Free Trials and More…

Commander Series Rated 5 Stars

Aileron360 adds TradeStation’s scanning capability to quickly filter hundreds of stocks, ETFs, futures and currency contracts to create trading ideas on dozens of different key conditions. From there, the RadarScreen can be used as a watchlist that will alert when conditions are prime for an entry into, or an exit out of a position.

Altimeter, Auto-Pilot and Radar can be used as either a standalone indicator or part of the TriggerCharts Commander Series for TradeStation.

You may download a free trial of any of the TriggerCharts indicators – by clicking the link below:
CLICK HERE FOR TRIGGERCHARTS FREE TRIALS

NEITHER TRADESTATION TECHNOLOGIES NOR ANY OF ITS AFFILIATES HAS REVIEWED, CERTIFIED, ENDORSED, APPROVED, DISAPPROVED OR RECOMMENDED, AND NEITHER DOES OR WILL REVIEW, CERTIFY, ENDORSE, APPROVE, DISAPPROVE OR RECOMMEND, ANY TRADING SOFTWARE TOOL THAT IS DESIGNED TO BE COMPATIBLE WITH THE TRADESTATION PLATFORM. DISCLAIMER : NO OFFER OR SOLICITATION TO BUY OR SELL SECURITIES, SECURITIES DERIVATIVE, FUTURES PRODUCTS OR OFF-EXCHANGE FOREIGN CURRENCY (FOREX) TRANSACTIONS OF ANY KIND, OR ANY TYPE OF TRADING OR INVESTMENT ADVICE, RECOMMENDATION OR STRATEGY, IS MADE, GIVEN OR IN ANY MANNER ENDORSED BY TRIGGERCHARTS, LLC. THE INFORMATION MADE AVAILABLE ON THIS SITE IS NOT AN OFFER OR SOLICITATION OF ANY KIND IN ANY JURISDICTION. PAST PERFORMANCE, WHETHER ACTUAL OR INDICATED BY HISTORICAL TESTS OF STRATEGIES, IS NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. THERE IS A POSSIBILITY THAT YOU MAY SUSTAIN A LOSS EQUAL TO OR GREATER THAN YOUR ENTIRE INVESTMENT REGARDLESS OF WHICH ASSET CLASS YOU TRADE (EQUITIES, OPTIONS, FUTURES OR FOREX), THEREFORE, YOU SHOULD NOT INVEST OR RISK MONEY THAT YOU CANNOT AFFORD TO LOSE.