Factions

The Pro Trader includes five major factions. Mongols, Rangers, Spartans, and Vikings each represent a unique algorithm, and Wizards consists of nine separate algorithms or 'spells'.

Faction

Specifies the Primary Faction (algorithm) used to generate trend signals. The Pro Trader will not use other algorithms to determine trends unless they are activated as Secondary Factions in the Confluence or Super Trends section. In this case, Secondary Factions must agree with the Primary faction in order for trend signals to fire. If Secondary Factions do not agree, the system will enter a Technical Ranging condition. Technical ranging is indicated by a 'Ranging' signal and chart candles and the Calculations Table will appear yellow.

Technical Indicators

Each customizable algorithm determines trend direction with calculations based on the technical indicators shown below:

Mongols

Average True Range (ATR)

Rangers

Relative Strength Index (RSI)

Spartans

Average Directional Index (ADX)

Vikings

Moving Average Convergence/Divergence (MACD)

Wizards

• Price Action (Bollinger) - Bollinger Bands
• Price Action (EMA)

  • Exponential Moving Average (EMA)

  • Simple Moving Average (SMA)

  • Hull Moving Average (HMA)

  • Weighted Moving Average (WMA)

  • Rolling Moving Average (RMA)

  • Simple Weighted Moving Average (SWMA)

  • Volume Weighted Moving Average (VWMA)

• Price Action (Heikin Ashi) - Heikin Ashi candle formula
• Price Action (Ichimoku) - Ichimoku Cloud and Exponential Moving Averages (EMA)
• Price Action (TPO) - Time Price Opportunity (TPO)
• Price Action (TSI) - True Strength Index (TSI)
• Price Action (Impulse)

  • Simple Moving Average (SMA)

  • Exponential Moving Average (EMA)

  • Average True Range (ATR)

• Price Action (VPVR) - Volume Profile Visible Range (VPVR)
• Price Action (VWAP) - Volume Weighted Average Price (VWAP)

Isolating Factions for Optimization

Each faction can be used in isolation or in confluence with other factions. If multiple factions are used in a strategy, each faction should be isolated and optimized individually before backtesting the complete strategy. The Strategy Optimization section provides details on Isolating Factions.