Order Type - Market orders predominantly, limit orders rarely used.

Order Size - Round 10, 20, 40 lots, based on subscriber feedback - Tradebullet subscribers can use scaling factor percentage settings (use only 10% or 20%, of Athena IIs lot size).

Contracts - CBOT mini-size Dow and CME E-mini S&P 500 instruments (less frequently: CME E-mini Nasdaq-100 Futures). Known on Collective2 as @YMXX, @ESXX, and @NQXX.

This system does not release stops to subscribers. Positions are monitored fully by the system.

This system attempts to capture intra-day swings/legs - not precision in/out scalping, therefore average length trades held: 4 hours - overnight.

Athena II is cyclical in nature, meaning at times up to 10 traders per day are made. The opposite end of this spectrum is to have only two or three trades occur during a week (rare). I keep subscribers aware of any changes in trading frequencies.


If feedback overwhelmingly shows that overnight trades are less desirable by subscribers, Athena II will be split into two systems: a day trading system only (RTH only, no overnight positions) and the original system.

I trade this system on my personal accounts. Although it is a fully automated process, I do not wish to relinquish that much control to any automated process Therefore when trades are on, I am also actively involved in monitoring how and when trade signals are sent to Collective2.

Broadcasts are sent to keep subscribers aware of how open positions are being managed, based on the current system structure. Specifically for positions that are being held overnight. What is an example broadcast message? For example, at the end of the day, if it is anticipated that a closing order could occur overnight or no further orders will occur until the open.