How do I set up the autotrade rule for the Contrarian strategy?
Autotrade is a system that allows MCTO to send trade alerts to your broker to automatically make trades in your brokerage account. The minimum required capital for the Contrarian service is $10,000. We currently offer autotrading for the Contrarian service through Autoshares, TradingBlock and Global Autotrading via Interactive Brokers or E*TRADE. If your broker is not listed please contact us and we can contact the broker to possibly enable autotrading.
Please refer to the following steps to set up an autotrade rule in your brokerage account:
Step 1: Sign-up as a paying subscriber to the Contrarian service. We offer a special rate for first-time subscribers of $5 for the first month.
Step 2: Log into your brokerage account and navigate to the autotrade page.
Step 3: Select MCTO Contrarian service, and in the pull-down parameter window select “Specified Dollar Amount”.
Step 4: Decide how much you would like to allocate to the service, in total. The minimum amount to trade is $10,000, and then it increases in $10,000 increments.
Step 5: Input the dollar amount that you would like to allocate to each trade that is sent to your broker. If you would like to allocate $10,000 to the service, please enter $600 as the autotrade rule. What this means is that each time we send in a trade to your broker, they will allocate a maximum of $600 to the trade. If you would like to allocate $20,000 to the service, please enter 600 x 2 = $1200 as the autotrade rule. If you would like to allocate $30,000 to the service, please enter 600 x 3 = $1800 as the autotrade rule. And if you would like to allocate $70,000 to the service, please enter 600 x 7 = $4200 as the autotrade rule.
Step 6: Click on OK and you are done. The broker will contact us to confirm that you are an active client and then will enable your autotrade rule.
If you have any questions about setting up your autotrade rule please contact us. To talk to someone directly please call 877-248-7455, or email us at email@example.com.
Who is the chief publisher for this strategy?
Enrico Pegoraro is Chief Publisher of the Contrarian Fund. He has worked in the investment and options trading industry for over 15 years. His primary area of interest is the development and optimization of algorithmic trading strategies.
What is unique about the Contrarian strategy?
The Contrarian Fund identifies stocks that have been out of favor for the last 6 to 18 months, and sometimes longer. Most of these companies have spent up to two years addressing their internal issues, such as reorganizing management, eliminating poorly performing products, introducing new and more competitive products and cutting their cost structure. Once these companies start to demonstrate to investors that they have “righted the ship” and that they are able to grow revenue and earnings again, the stock will bottom-out and start to recover. Moreover, many times these recovering stocks will hold solidly above past support levels, even during times of increased market volatility.