I have spent most of my working life trading derivatives of some sort, so I am usually not enamored with trading programs or automated trading systems.  Most systems do not achieve the accuracy that I expect and the total return, relative to the cost of the system, simply makes most trading software a waste of my time.

On the other hand, I do use one trading program to which I have become attached.  DecisionBar trading is a program that integrates with a number of the larger charting systems, including Multi-Charts (my favorite), Trade Station and a host of other programs.  The platform wide usability of the program gives it great appeal.

The question, of course, is does it work?  I have improved my trading 27% using this system.  DecisionBar approaches support and resistance as transient indicators and signals actual buys and sells on breakouts and breakdowns in the transient support and resistance lines, which are charted on your page as bars break out.

I highly recommend this program for the beginning trader as it keeps him/her out of trades that have a low probability of success.  As you might read on my block, which is at http;//www.emini-maven.com/wordpress/, there is a tendency for new traders to overtrade, or trade at the emotional level, which is a recipe for trading disaster.  You can take a free 30 day ride on DecisionBar at the following URL:  http://tr.im/nDBM

The one indicator in the system, and it is always the most difficult to ascertain, is price exhaustion.  For that reason, I generally ignore price exhaustion reading from DecisionBar.  The program also has a very handy risk oscillator that dovetails with the buy/sell signals.  For my use, I only take long trades when the oscillator is above 0, and visa versa for short trades.

For those early in their trading careers, this program will keep you out of a lot of bad trades, and position you into some very good trades…and that is the name of the game.

I have included a DecisionBar Chart for you to peruse, and I think you will get the general Idea as to the functioning of the program as you review the chart.