Solas Trend Finder Software FAQ’s
What is the Solas Trend Finder?
Solas Trend Finder is a suite of proprietary trading algorithms that provides buy and sell market conditions for any market, in any timeframe.
What type of trader can use the Solas Trend Finder Product?
The software can be used by intra day, swing or longer term traders and investors.
What markets does the Solas Trend Finder work on?
The Solas Trend Finder works on liquid Stocks, Futures, and Forex markets.
Is the system curve fitted?
No, it works on any market, so the algorithms by definition cannot be curve fitted.
Can I trade directly from the Solas Trend Finder?
Yes you can, we suggest you use the algorithms in conjunction with sound technical analysis trading techniques. Remember you have choices of 1000’s of instruments to trade from with the Solas Trend Finder. We suggest you trade the instrument that are clearly trending and have the higher probability of follow-through.
Be discerning on your trading choices, do not take signals on range bound stocks.
I only trade Forex, can this product help my trading?
Absolutely, we even have version for Forex traders. The Solas Trend Finder works especially well with the major cross rates, they tend to trend well and trades tend to follow-through very smoothly. The risk management is especially elegant for the major pairs.
What is the best Timeframe to Trade using the Solas Trend Finder?
This is largely a personal choice and is driven by risk tolerance, profit expectation, and the type of instruments you trade. For example if you are trading leverage instruments such as Forex pairs or futures, you will most likely trade using a lower timeframe.
Internally we have a preference for 30-60 minutes timeframes and hold positions for several days or even several weeks. We take our bias from a daily chart and then manage our trade entries and risk on the lower time frames.
Generally using slightly longer timeframes improves your signal accuracy and the trends last longer. You do need to take slightly higher levels of risk on each trade but winning trades can be very profitable as you are in them longer. With a slightly longer time horizon, trading activity is lower which is much less stressful than very active intra day trading.
Can the software be used to trade on fundamentals?
Absolutely yes, if you have a good investment idea to buy a share, simply wait for the Solas Trend Finder to indicate when to buy, the Solas Trend Finder will then automatically tell you where your risk stops should be.
Does the software have a preferred – hot trading ideas capability?
Yes, the software has the capability of doing a search each day to highlight the stocks that have given a new long or short signal. You can do this from a select list, i.e. only scan the Nasdaq 100 or Dow 30 for new long short market conditions.
Why do you have a monthly subscription?
We charge a nominal upfront fee for software, which includes setup on your pc, training, daily mentoring on how we use the software. The charge of €95 per month supports the costs of all upgrades, daily training and support on how to best use the software in various markets. There is no minimum contract, you pay the monthly fee only while you are getting value and profit from the product.
Who is SolasTrader.com?
Solas Trader is a division of Solas Financial a financial services firm based inDublin andCork,Ireland
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