After eight months of hard work and many difficult obstacles, we are proud to offer our PATs 2nd Entry Indicator! The programming for our 2nd entry indicator was designed and created by PureLogik Trading. It took many hours of emails, video conferencing and coordination between multiple programmers to make this possible.
The purpose of this indicator is to assist new traders in spotting 2nd entries as you learn to read a price chart. We recommend that you use this indicator for training purposes only. It is designed to help you learn to find and spot 2nd entries on your trading chart. Once you learn how to identify a 2nd entry on your own, you should discontinue any further use of the indicator and let your eyes do the work for you!
Please make sure that you understand that this indicator is NOT designed as a trade entry tool or to point out entry locations on trades by itself. No indicator can do that with consistent success, so do not try and use our PATs 2nd entry indicator alone when making your trading decisions.
With the PATs trading strategy, context and market structure must always be considered prior to entering any trade. This indicator is not designed to determine context or market structure, but rather to help day traders find and spot second entries. The PATs second entry indicator will point out all second entries, even those we may not want to use for trade purposes, so please keep this in mind when using our indicator. It is designed solely as a training tool to help new chart readers spot and identify second entries. It is not designed for anything more than pointing out second entry patterns on a chart.
A purchase gives you the rights to one license, meaning you can use the software on only one machine at a time. After purchase, you must register your software using the included instructions. If you buy a new machine or want to change to a different machine, you can change your registration, but only one machine may be registered for each license. If you want to use the software on more than one machine, you will need to buy more than one license.
*NOTE ON ENGULFING BARS: The PATs 2nd Entry indicator is an accurate tool for finding and spotting second entries, but it cannot make sound judgement decisions on engulfing bars. Therefore, you should avoid any second entry notations that the software points out where either the first or second entry has an engulfing bar as part of the equation. An engulfing bar is any bar whose high and low is outside of the high and low of the bar just to the left of it.
Demo Video: You can see me demo the indicator in the video below. Be sure to watch the video in FULL screen mode, as it is difficult to see the stems on some of the bars and the breaks higher or lower without a full screen.
RISK DISCLOSURE: Trading futures and options involves the risk of loss. Please consider carefully whether trading futures, or any other market, is appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. You should understand these risks before using any of our trading materials or indicators.
Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, so carefully consider the inherent risks of such an investment, accounting for your own personal financial condition.