MSS Hunter
How MSS Hunter Works?
MSS Hunter is designed to capitalize on Market Structure Shifts and Fair Value Gaps (FVGs). Market Structure Shifts are good indicators of direction. MSS Hunter identifies these shifts first, marking them on the chart for reference. When FVG is aligned with this shift, it signals the possibility of a market move.
Next, MSS Hunter looks for an FVG, which is a pattern of three candles where the wicks of the first and third candles do not overlap. This gap suggests an imbalance in market pricing, indicating a trading opportunity.
How MSS Hunter Opens a Position?
Once an FVG is identified and confirmed to be within the current trading range, MSS Hunter evaluates its size based on predefined criteria, ensuring it meets a minimum tick size. If the conditions align with user configurations, the tool will execute a long or short position through traderspost.io, which integrates with Tradovate. This seamless integration allows for precise and timely order execution.
Features
Auto Scaling
This feature determines the appropriate quantity of micros or minis, based on Max Risk setting. If it is set to $300 then no trade will risk more than $300 and will scale accordingly.
Trailing Stop Loss
This feature adjusts the stop loss level as the market moves in favor of the trade, protecting gains. It is moved based on internal criteria.
Time Blocks
Users can block out specific time periods to avoid trading during high impact news events.
Stop Loss Configuration
Set stop losses based on previous pivot highs or lows for strategic risk management.
Minimum Tick Size
Only engage with FVGs that meet a specified minimum size, ensuring trades are based on significant market movements.
