I think pretty much everyone who is reading this page already owns a copy of the original AutoScaler.

I created AutoScaler back in 2010 to counter a dramatic slowdown in Gold price action, which had been fairly active the previous couple of years thanks to the worldwide disruption caused by the housing crash and related economic bombs that went off.

The idea was traders could sit at their platform, wait for their favorite entry and then scale in a bunch of trades for as long as price action cooperated.

AutoScaler was never the “perfect” trade management EA but it was pretty close after we added the Step Stop.  Now you could severely limit your loss exposure while taking advantage of all the price runs that took place on your favorite charts.

But there was always one flaw with AutoScaler: a feature so many people requested but I couldn’t produce due to the framework we used for AutoScaler:

Manual/Original Pending Trades.

So many traders wanted the option to set up a pending trade based upon whatever rules they used at the time, and then scale in all the additional trades if price reached their entry point.

And if price failed to reach the entry point?

No problem.

No trade was ever taken.

But as of today, the problem of the lack of pending trade options is no more!

Introducing AutoScalerPv1.

The P stands for Pending, and v1 is our original release.

Here is how it works:

You set up pending trades, either Buy or Sell and either as Stop or Limit trades (and I always say, if you don’t know what a Limit trade is, you want to place Stop trades.  Trust me).

You can either set the entry at a specific price or set it “W” pips away from current price when you place the trade.

Then the AutoScaler you know and love swings into action, setting up X trades spaced Y pips apart, with the options for Stop Losses and Take Profits and even the Step Stop, which is a trailing stop that moves “Z” pips each time price moves “Z” pips.

And as always, you control the value of W, X, Y, and Z within the Inputs when you place AutoScalerP onto your chart.

So now you have the option of using AutoScaler for your real time market order trades and AutoScalerP for your pending trades.

But there is more going on than just Manual Pending Orders.

For the last few weeks I’ve been chatting with Cynthia Macy about a presentation she attended a while back where the presenter was advocating taking a series of Buy and Sell trades on some of the major currency pairs whenever the Non Farm Payroll number is released.

In trading terms, that’s called a straddle and it is tough to pull off during major news unless you have the entire setup automated so there's just a single button to push to set up all the trades.

I traded a bunch of straddles back in the Wild West days of Forex, but without AutoScaler, since I hadn’t created it yet.

I got away from straddles after a while because the whipsaws were just brutal and I couldn’t move quick enough to close the un-executed side of the straddle while moving the Stop Loss on the live trade to a point where I would make at least some money on the trade.

And in the end, more often than not, price would whipsaw so far and so fast I would find myself in competing Buy and Sell trades, so whatever I made on one trade I lost on the other, except for those times when price moved back to the middle, placing me in two crappy losing trades instead of just one.

But those problems are now a thing of the past with AutoScalerPv1.

Built into the EA itself (not as an adjustable input but as a hard coded feature) is the One Cancels the Other (OCO) function.

With OCO, when your pending Buy trade executes, your pending Sell trades are closed out and removed from your platform un-executed.  No more competing trades wiping out your profits and no more seeing price middle you so that both your Buy and Sell trades are losing at the same time.

I did a short video when I first got the EA back from my guy which shows you the OCO and the Step Stop in action.

Take a look:

Then, this morning, just for grins, I set up another trade at 8:29 a.m. eastern time in anticipation of the Core PCE number coming out at 8:30 a.m.  I used Cynthia’s Currency Meter to land on the GBPUSD as my chart to trade as there seemed to be enough divergence between the currencies to make the trade attractive.

Here’s how it went:

So now, instead of sitting in front of your platform for lengthy periods, waiting for something to happen, now you can time your arrival to scheduled news events that are known to generate decent price action, and simply set up a straddle.

After that, AutoScalerP does all the rest.

As you might recall, the original AutoScaler retails for $179 and I still sell copies every month, even after almost 14 years on the market.

When the website for AutoScalerP launches January 1^st, it will retail for $179 as well.

But anyone who has been on my list for any length of time knows, when I release a new product I always give my list first crack at it for a significantly reduced price.

And that’s what’s happening starting now until December 30^th.

Right now you can get a copy of AutoScalerP for the low low price of just $39.

And for that $39 you get:

Of all the tools I’ve created for trading over the years, AutoScaler was always my favorite, and now AutoScalerP is tied for first place, because the same rules that govern AutoScaler also govern AutoScalerP:

Just Added: A new indicator which finds "hidden ranges" on certain charts at certain times of day.  When price "breaks" these ranges, price tends to make some pretty impressive moves.  With AutoScaler-P, you can set these trades up in advance and be ready to pounce as soon as a breakout occurs.  I had originally planned to release this indicator as a solo product, but it dovetails so nicely with AutoScaler-P I decided to add it in today as a Bonus.

Watch this video for more details.

So in yesterday's video I mentioned I was working on locating some additional "spot play" types of trades similar to the 2 I mention in the video above (the 30M SPX500 and the 5M USOil trades).  I should have kept my mouth shut.

I woke up this morning to almost a dozen emails asking if I could share what the other trades are I was looking at.

While I'm not comfortable (yet) sharing all the trades I am studying, one is proving to be extraordinarily profitable and if you trade Gold, this solves a problem I've long known of but wasn't really able to do much with.

The charts below are 30M charts with the RangeFinder set up on the 15:30 candle (that's 8:30 a.m. eastern time).

For a very long time I've noticed there always seems to be a really nice price bump with gold in the very late morning or early afternoon, but I never seem to be in front of my platform when it happens.

But look at the charts below (which by the way are all from mid-December forward...I didn't have to look very far to find these trades):

Now all I have to do is set up some pending trades around the time London closes (which is 11-11:30 a.m. my time) and let AutoScaler-P do the rest.  I can keep my normal daily routine and not need to worry about missing some truly stellar trades because I can't be at home in front of my platform every waking hour.

But remember, there are only a few days left to get AutoScaler-P at the $39 price.  I'm taking this page down on Sunday night in anticipation of launching the new AutoScaler-P website with JVZoo on Monday, January 1st (and the price goes up to $179 at that time).

So if you want the convenience of using Pending AutoScaler to grab your portion of the avalanche of pips that is available even when you aren't, grab your copy now by clicking on the Buy Now button below.

You may recall me mentioning that Cynthia Macy was instrumental in getting me to create this Pending Trade version of AutoScaler based on her working with a new program that involved taking Straddle trades during the NFP release.

Straddles are back in fashion now that most currency pairs are once again reacting to major news releases in a more-or-less predictable fashion.

But most of the traders I know who are interested in news trading have some concerns about it from the standpoint that it helps to have a solid grasp on the fundamentals surrounding both the pairs and the news before you venture off into trading with or without straddles.

And that is where we come in.

We are now launching a service designed to assist news/straddle traders make the decisions on what to trade and exactly how to set up AutoScaler-P to minimize the risk and maximize the gains you can realize from trading at news time.

To give you an idea of what kind of data we will be providing (initially for US news releases, we will be spreading out into Asian and European news as we proceed), go to our Straddle Sample page to get an idea of what you can expect for each major (red folder) news release during the U.S. session. Click the button below and the Straddle Page will open in a new tab:

Here is your shot to add a new trading tool that literally pays for itself in just a trade or two for less than the cost of a night out.

But this offer and this page goes away on December 31st when the new website launches and JVZoo takes over handling the transactions.

So don’t let this one slip through your fingers.  Hit the But  Now button now while you’re thinking about it and lock in your new soon-to-be-favorite trading tool now.

After your transaction is complete, please allow PayPal a few seconds to re-direct you to the download page.  If your are not redirected to the download page, get back to me immediately at jeffglenellis @gmail.com and I will email you the download link as soon as I see your message.

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