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® “Home-Study Course” Study Manual  Page 155

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ART® Trend Trading Program

1. Enter your trades based on the first Primary “Pyramid Trading
   Point®” entry signal and set your initial stop-loss one-tick below
   the “Base Leg.”

2. Calculate your “Trade Size” using the “Trade Size Calculator ™”
   set at no more than a 2% risk.

3. If the market moves in your favor and your initial position is
   profitable enough, then “Scale-Out” of enough positions so you at
   least break-even if the initial stop-loss is hit on your remaining
   positions. Wait for an ART® signal to “Scale-Out”.

4. If your initial stop-loss is never hit, then adjust your stops
   (trailing stops) as new “Pyramid Trading Points®” occur.

5. Eventually you will be stopped out, preferably at a profit.

6. If a trend develops and you get four consecutive “Pyramid
   Trading Points®” in the same direction (an indication of “Trend
   Exhaustion”), you can “Scale- Out” of positions using “ART®
   Reversals” in the opposite direction of the trend you are in.

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