The E.G. Trigger Point – EGIndicators (2024)

The E.G. Trigger Point calculates significant price levels (i.e., support and resistance) delivered daily 10 hours before the market opens; it’s based on an AI engine running on a dedicated cloud server, providing you with deeper insights valuable for the current trading day. These insights are derived from historical and correlated data while utilizing heavy computational resources not readily available on home PCs. This unique approach is our competitive advantage, enabling our AI to learn, adapt to market changes, and perform at a higher level.

Our AI-based levels are specific price points on a chart expected to attract the maximum amount of either buying or selling (i.e., significant price levels in contrast to random price levels). The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers.

Specifically:
The resistance level – indicated by a horizontal line, higher than the current market price; it is a price point on the chart where traders expect maximum supply (in terms of selling) for the asset. The resistance level is always above the current market price; The likelihood of the price rising to the resistance level, consolidating, absorbing all the supply, and declining is high→ The resistance often acts as a trigger to sell.

The support level – is indicated by a horizontal line, lower than the current market price; it is a price point on the chart where the trader expects maximum demand (in terms of buying) coming into the asset. Whenever the price falls to the support line, it is likely to bounce back. There is a maximum likelihood that the price could fall until the support, consolidate, absorb all the demand, and then start moving upwards→The support often acts as a trigger to buy.

• AI-based support and resistance levels
• The levels are fixed (non-repaint)
• Delivered daily 10 hours before the market opens
• Calculated from historical and correlated market data
• Platforms: NinjaTrader 8 and more

Frequently Asked Questions

1. What is the E.G. Trigger Point?

   The E.G. Trigger Point is an AI-Based indicator designed to aid traders in identifying potential support and resistance levels in the futures market. It operates within the NinjaTrader 8 platform and is delivered daily between 1AM and 3AM Eastern Time. The indicator draws support and resistance lines on charts for selected assets, helping traders spot clear signals amidst market noise.

   The E.G. Trigger Point AI algorithm is based on a very important principle: learning historical imbalance. It identifies significant price levels using statistical formulas (e.g., average, median, and standard deviation), considering features identified by domain experts, like price action and volatility (average true range).

   The algorithm was optimized to provide the highest-likelihood prices expected the market to react. One challenge it addresses is liquidity grabs; it utilizes statistical measures to balance between providing trade opportunities and minimizing the risk.

2. What assets does the E.G. Trigger Point support?
   The E.G. Trigger Point indicator is compatible with the following assets: ES, NQ, RTY, YM, GC, CL, NG, ZB, ZN, UB, SI, HG, and 6B. These assets are commonly traded in the futures market.
3. How does the E.G. Trigger Point work?
   The E.G. Trigger Point operates on the principle of identifying clear signals amidst market noise. When attempting to predict a specific numerical value, traders often encounter a barrage of random data. The clearer the signal extracted from this noise, the more accurate the prediction can be. The indicator leverages algorithmic trading and complex mathematical models to identify situations with clear signals, such as when the market approaches support or resistance lines.
4. What are support and resistance lines?
   Support and resistance lines are key levels in the market where asset prices tend to stall, reverse, or experience significant movement. Support refers to the price level at which an asset’s decline might halt, while resistance is the level at which a price advance could be constrained.
5. How does algorithmic trading play a role in the E.G. Trigger Point?
   Algorithmic trading utilizes advanced mathematical models and statistical analysis of market data to automatically identify optimal trading opportunities. The Trigger Point indicator employs these techniques to pinpoint situations where a clear signal is present, such as when the market interacts with support or resistance lines. This allows traders to make informed decisions and execute trades with higher potential for success.
6. Is the E.G. Trigger Point indicator suitable for all traders?
   The E.G. Trigger Point is beneficial for traders who are interested in utilizing support and resistance levels to enhance their trading strategies. Whether you are a seasoned trader or just starting, understanding these key levels can provide valuable insights into potential market movements.
7. Can I customize the Trigger Point indicator’s settings?
   There are some parameters that you can change in the indicators’ control window. You may like different colors, line thickness etc? Be free to make it on your own!
8. How can I access support for the E.G. Trigger Point?
   If you encounter any issues with the E.G. Trigger Point indicator or require assistance, you can seek help by emailing support@egindicators.com
9. Is the E.G. Trigger Point indicator a guaranteed prediction tool?
   Like any trading tool, the E.G. Trigger Point indicator provides insights and signals based on historical data and mathematical models. However, no trading tool can guarantee specific outcomes in the market. Exercising prudent risk management and combining the indicator’s signals with your trading strategy and analysis is important.
10. Are there any best practice suggestions for Stop Loss for each supported instrument?
    There are several techniques to determine the Stop Loss: (a) ATR-Based (ATR measures the volatility of the asset), (b) Historical-Based (looking historically around the area of a level, deriving the Stop Loss from the market’s behavior observed), (c) Constant-sized.
11. How exactly do you trade with your trigger points? What is your typical SL and TP of the markets?
    The E.G. Trigger Point presents significant price levels where traders extract their position entry signals. Since these price levels are pre-calculated by our AI engine, one approach is placing pending orders on these levels. When an order is filled, there can be several methods to place the stop-loss and the profit targets. Some traders prefer to trail and stop loss and place the profit targets at 1:R for R greater than 2. There are several ways to determine the stop-loss, and most of them consider the volatility of the asset: (1) constant, (2) ATR-Based, and (3) historical-based.
12. Any possible guidelines on the recommended targets and stop loss (risk) for each instrument based on your development and testing?
    There are several factors we take into consideration:
    1) Timeframe we are trading on: this is important because, on every timeframe, your stop will be different unless you are basing it off of something technical in the underlying market, IE, a trigger point.
    2) Technical analysis or thesis leading to your entering the trade. IE, are you taking a 15-minute opening breakout or playing for some type of reversal?

    The truth is, there is no right or wrong answer here. If we are playing for a trigger point to cause a reversal, IE the morning high reversal on NQ today, then we place our stop a few points above this trigger point, knowing that if it breaks this level 1) Our thesis has been invalidated and the market is not going to reverse or 2) We get taken out with a small hit and await another entry signal (long or short).

    We always have a plan in mind before entering a trade.