Hawkeye Traders :: TradeStation ChartTools :: Hawkeye GearChanger FX for TradeStation

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Hawkeye Traders TradeStation ChartTools Hawkeye GearChanger FX for TradeStation

Printable version

Hawkeye GearChanger FX for TradeStation

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SKU	TS-GCfx
Price:	$210.00

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The Hawkeye GearChanger FX uses previous and current price data along with the 3 optimal tick settings (speeds) from the Hawkeye GearBox FX to calculate which tick setting to use at any given time during the trading day. We refer to the 3 speed values as Gears, similar to gears in the transmission of your car. The BLUE gear is fast, the YELLOW gear is medium, and the RED gear is slow.

In conjunction with the Hawkeye Trade Times indicator, you see exactly when you should be trading AND the optimal Chart setting to use (in Ticks) to increase your probability of capturing profitable price movements.

Use
1. Select the tick speed setting displayed in YELLOW on the Hawkeye GearBox FX and apply that tick setting to the chart you are using to trade.
a. Blue = fast setting when the market is moving fast
b. Yellow = normal setting for normal market activity
c. Red = slow setting for slow or low volume market activity
2. Note: use the companion tool Hawkeye GearBox FX to obtain the values for the colored speed settings mentioned above.
3. HINT: Change the “ I ” interval link setting of the TradeStation window to be the same color as the YELLOW Gear (speed) setting chart, and change the “ S “ symbol link setting to be the same as the symbol link setting of the YELLOW speed chart. This way, if you change symbols or intervals, the GearChanger will automatically change too.
4. Start looking for trade setups using the chart analysis window set to the appropriate speed color. For example, if the Hawkeye GearChanger FX is YELLOW, you should look for trade setups on a chart set to the tick value color coded YELLOW (from the GearBox FX).
5. As the day progresses, the Hawkeye GearChanger FX will change colors, indicating which chart speed is best for trading during that time interval.
6. If you are already in a trade and the color changes, simply start managing your trade using the new chart analysis window identified by the appropriate color (blue = fast, yellow = medium, and red = slow).

**You MUST already own the Hawkeye Toolkit or higher package**

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