M_exits. User Guide. [ pronounced meggzits ] Northington Trading Innovation Into Returns

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1 M_exits [ pronounced meggzits ] User Guide Northington Trading Innovation Into Returns

2 Disclaimer The risk of loss in trading securities, options, futures and foreign exchange can be substantial. M_exit users and customers must consider all relevant risk factors including their own personal financial situation before trading. Northington Trading, LLC assumes no responsibility for actual trading results based on using M_exit software, or any of its training or support media. M_exit software users and customers must use M_exit at their own risk. M_exits should only be used by investors who are aware of the risks inherent in securities, or currency trading. Northington Trading, LLC accepts no liability whatsoever for any loss arising from any use of these products or their contents. Northington Trading Innovation Into Returns

3 Developer MetaSwing add-on We welcome your feedback and questions. Inquiries mail to: Author Volatility-Based Technical Analysis, 2009, Wiley Trading Series, John Wiley & Sons Publishers. Kirk Northington, CMT

4 M_exits M_exit: noun [meggzit] 1: MetaSwing exit signals 2: high probability point for exiting an existing trade position Northington Trading Innovation Into Returns

5 Common Trading Mistake Focus mainly on Trade Entry Northington Trading Innovation Into Returns

6 Greatest Potential Improvement Focus mainly on Trade Exit Exit into Strength and Money Keep the $ Northington Trading Innovation Into Returns

7 M_exits 1. Identify exit points: capture most of the potential price move, with improved probability (quantitative test statistics available by request: 2. Flag trend entry points 3. Flag trend change Northington Trading Innovation Into Returns

8 M_exits 1. Identify exit points: capture most of the potential price move, with improved probability (quantitative test statistics available by request: 2. Flag trend entry points 3. Flag trend change Northington Trading Innovation Into Returns

9 Signal above price bar: Exit the long position. Signal below price bar: Exit the short position. M_exits

10 M_exits Any analysis time period: Intraday, Daily or greater Day Trading, Swing Trading or Position Trading Northington Trading Innovation Into Returns

11 M_exits are a subset of the full MetaSwing analysis suite. Just the exit signals. M_exits

12 M_exits signals are calculated intra-bar, and are displayed in real time. Depending on price movement they may appear, then disappear, and even re-appear. M_exits

13 M_exits are calculated using the Data2 input to the chart symbol. The Data2 input is a higher timeframe time series. This chart uses a Data1 input of 12 minute bars to display price candles. The M_exit is using a 60 minute Data2 input to calculate the signal. That is why it is displayed on up to 5 consecutive bars. M_exits

14 M_exits Best Practice for Exiting Five bar window for the exit decision. Upon the first bar s signal begin looking to exit over the next five bars. Remember that signals are real-time and may print onscreen in non-sequential patterns. This is normal. M_exits

15 (60) 1x to 5x ratio works well (300) The M_exit chart is the lower time-frame chart, with a higher time-frame signal displayed. (shown here on left) M_exits

16 The M_exit ShowMe signal is calculated and updated intra-bar. M_exits

MSW mexit Main (E) MSW mexit SR Signal (N) M_exit charts have two

17 Data requirement: Minimum 500 bars of data is recommended. M_exits provide two analysis techniques. Both are type ShowMe. MSW mexit Main (E) MSW mexit SR Signal (N) M_exit charts have two data sources Data1 (for plotting price bars) Data2 (for calculating signals) M_exits

18 M_exits M_exits can be applied to: Chart Analysis and RadarScreen

19 E signal failures can be good indications of trend change. Countertrend E signals can provide good trend entry signals Look for situations where price continues higher after 4 to 8 bars have passed. M_exits

20 Northington Trading We welcome your feedback and questions. Inquiries may be made at: Northington Trading Innovation Into Returns

21 Disclaimer The risk of loss in trading securities, options, futures and foreign exchange can be substantial. M_exit users and customers must consider all relevant risk factors including their own personal financial situation before trading. Northington Trading, LLC assumes no responsibility for actual trading results based on using M_exit software, or any of its training or support media. M_exit software users and customers must use M_exit at their own risk. M_exits should only be used by investors who are aware of the risks inherent in securities, or currency trading. Northington Trading, LLC accepts no liability whatsoever for any loss arising from any use of these products or their contents. Northington Trading Innovation Into Returns

Volatility-Based. Strategies for Trading the Invisble. Kirk Northington. With Companion Website

Volatility-Based. Strategies for Trading the Invisble. Kirk Northington. With Companion Website Volatility-Based T h i l Analysis Technical A l i : Strategies for Trading the Invisble Kirk Northington With Companion Website http://www. Kirk Northington BIO The author of Volatility-Based Technical