Hybrid Trading Made Easier

The advent of Bloodhound is a big deal for hybrid traders. The vid below shows one of my hybrid trading workspaces.

I have two types of entries: Inside-Out and Outside-In. the new GoFloTM FloBots are both active on the chart but can be turned on and off with a single click. The logic, created in Bloodhound, does all the entry work. However, and this is where it gets cool, several bars before any possible triggering of a signal, as I see the picture may be coming, I just turn on the trade I want to take. As soon as Flo sees all the conditions have been met, a trade is immediately fired of to the broker. I don't need to be too much on the ball or even be quick. Flo does that. I then manage the trade with my rules that have been documented in my trading plan. There is a drop dead stop and a "this trade is no longer a go" exit rule so if I'm not paying attention then the world does not end. I can make the trade fully auto by entering a profit target.

I make the choice of when to turn a Flo on and whether I want the Inside-Out or Outside-In logic to be active, or both. The beauty is I don't have to be too alert or too quick to catch a trade. I can easily trade more than one market at a time.

My tools: Ninjatrader, Bloodhound, PureLogik Renko bars, GoFlo (the EL algos), and a specific trading plan governing my trade management.See details of the tools here.

I've made a video to show how I do it.