CodeForTraders

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JAJ Pro-Trader's Toolbox

Package:  Jason Alan Jankovsky's Pro-Trader's Toolbox for TradeStation

CodeForTraders is very pleased to present for the TradeStation platform Jason Alan Jankovsky's Pro-Trader's Toolbox.

Celebrated trader, educator, and Wiley Finance author Jason Alan Jankovsky is one of the most successful, well-known, and widely followed professionals in the business.  Jason has distilled his 24+ years of experience trading the markets into a specific set of signals that he personally uses (and teaches to others) .

Until now, these signals have been available only to users of Genesis Trade Navigator.  No more!  CodeForTraders (Progster) has teamed up with Jason to bring the Pro-Trader's Toolbox to the TradeStation platform (and to other platforms to follow).

What It Is

The Pro-Trader's Toolbox for TradeStation is an indicator package for TradeStation charting and RadarScreen that displays all 10 of Jason's preferred signals  (5 buys, and 5 sells) on the markets and timeframes of your choice.

The included signals are:

Trend Buy/Sell

Strong Trend Buy/Sell

Exponential Reversal Buy/Sell

Hook Reversal  Buy/Sell

Exhaustion Reversal  Buy/Sell

along with suggested initial stop levels.  Each of these signals/levels is calculated per Jason's own proprietary live-trading-tested algorithms.

The Story of the Toolbox     img
"The Pro-Trader’s Toolbox is the result of my observations made over the years of my personal trading development. It is unique in that it is not based solely on mathematical formulas but rather based on an attempt to discover where a change in the underlying order flow is most likely to happen. In other words, the toolbox is not attempting to find ratios or overbought/oversold areas in the underlying market; it is attempting to identify places where the loser in the market is likely positioned on the wrong side.

For example, in my years of trader education I noticed that a very high percentage of losing traders are working on time frames that are too short for the underlying order flow to develop; such as the one, three and five minute time frames. In fact, these traders are trading random noise and not the true market structure. Additionally, these traders usually wait for “confirmation” before entering a trade. That means the market must have already moved in the direction these traders want to be on; and that increases the risk that random noise will wash them out. The Toolbox tries to find reversal points based on the fact that 80% or more of traders on these small time frames are taking consistent losses. The reversal points on the larger time frames are usually very accurate because (when used on the larger time frames) the algorithm that creates the signals is designed to quantify how the larger time frame behaves differently compared to the smaller time frame. The larger time frames are usually the winners in the markets and they often sell against buyers who have waited for “confirmation”.

The complete set of signals are based on many such observations over the course of my career. The Toolbox has what I feel are the best sum-total of the signals I have discovered that are based on something more than just a mathematical ratio or relationship between prices. All the signals are attempting to take advantage of psychological relationships and behavior I have discovered is always in the market between the winners and losers. Since the winners are winning so often and the losers are losing so consistently, it follows that the winners must be thinking something different than the losers are thinking. The winners place themselves into the markets at different pricing and for different reasons. The toolbox is attempting to quantify that activity, and that is why it can create a lead in the market more often than not.

I use the Toolbox signals everyday as they are the same signals I would be calculating manually or looking for visually anyway — the only thing the toolbox does is engage the computer to notify me when the relationship I naturally look for happens to show up. It is an edge in the markets; nothing more. I still have to manage the edge and hold my exit for as long as possible. Sometimes the edge has a lot of potential in it but I only actualize a smaller portion of it because my exit management on that trade could have been better.

The signals work best on larger time frames but they can be used on any time frame. It is important to remember that smaller time frames are populated with the loser in the market so using the toolbox on the lower time frames will mostly result in signals within random noise; those are less reliable. The toolbox can also be used in any traded market such as futures, equities and indices; but it was initially designed for cash FOREX. It is advised that if you intend to use the toolbox on something other than cash FOREX that you do your own review of the historical signals signals in your market(s) of interest before you begin trading."

- Jason Alan Jankovsky  Nov. 2010

What It Looks Like

The signals are plotted on a chart marked by single letters.  Suggested initial stops are displayed as dots.  Relevant averages are displayed for context.

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Ready-to-go demonstration workspaces are provided, with both dark and light backgrounds.  Signals may be plotted on either higher or intraday timeframes.

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RadarScreen demonstration workspaces are provided, pre-configured to show both "as of last close" and "as of latest tick" signals.

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Multi-frequency RadarScreen display workspaces are also provided.

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With this package, you'll be up and running with Jason's signals in no time!

Video Introduction

Jason has prepared a 15 minute video introduction to the package.  To watch it on YouTube, click here .

What You Get

A .ELD file containing 3 TradeStation indicators (average and signal display for charting, and signal display for RadarScreen).

Ten demonstration workspaces (5 with dark background, 5 with light background), including chart displays, single timeframe and multi-timeframe RadarScreen displays.

Documentation in Word format, and Customer Support as needed to get it all running.

The indicators are locked to your TS customer number, and the source code is undisclosed.

Requirements

This package requires TradeStation 8.8 (or later compatible version).

The Pro-Trader's Toolbox works for stocks, futures, and forex, on any time-based data stream (e.g. normal Weekly, Daily, and Intraday bars).

What It Costs

$695 will buy you visual charting and RadarScreen access in TradeStation to the same signals used by Jason every day.* 

Hedge funds and private trading pools may wish to write advanced applications or strategies based upon this code.  A commercial license and programmatic access to underlying functions may be purchased for $4500.  Interested parties, inquire here:  questions@CodeForTraders.com

Jason Alan Jankovsky's Pro-Traders's Toolbox for TradeStation -  $695 

How You Get It

After your PayPal payment is processed, you will be queried by email for your TS Customer Number, after which your copy of the package will be prepared and emailed to you.

Please allow up to 72 hours for order fulfillment.

Please be aware of the caveats before you order. 

More from Jason

Learn more about Jason, his trading, and his educational and consulting offerings at Jason's website:

       www.theliononline.com   

Also, on the PTT page there you will find links to archived recordings of previous PTT training sessions and introductory videos on PTT features and benefits for each of the platforms supported. 

Check out Jason's Wiley Trading books on Amazon:

The Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets

Trading Rules that Work: The 28 Lessons Every Trader Must Master

Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets

* Differences in data feeds occasionally result in signal differences on different platforms, or on the same platform.