The WaveRider trading system is longtermtrading.com's answer to the Turtle system - WaveRider requires you spend 1/10 to 1/50 as much time to implement and trade as the Turtle system and our profit/drawdown ratio blows it away . The WaveRider system is so named because it catches the very longest and broadest waves in the market. Position lengths extend from a week or two if you are quickly stopped out to up to 2 years in what are sometimes referred to as megamoves. These are the ones that can put from $15,000 to $30,000 per contract into your pocket.

The WaveRider trading system, like the Turtle system, is a reversal system in that a trader generally reverses from long to short and vice-versa. The only exceptions are if a money management stop is hit subsequent to entry or if a profit retention stop is hit during the course of a move. In this event the position is exited and the trader awaits a new signal to enter in the same or opposite direction. The WaveRider system is viewed in its most simple form as an adaptive price channel breakout system with a profit retention-based and a money management stop.

Position lengths extend from a week or two if you are quickly stopped out to up to 2 years in what are sometimes referred to as megamoves. These are the ones that can put from $15,000 to $30,000 per contract into your pocket. WaveRider averages about 3-4 trades per year per commodity.

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