Talon Anchor
One possible entry a day from the first 15-minute range.
- 01The problemIt is hard to trust a chart tool when you cannot see its rule.
- 02Why it mattersIf the stop, the target and the size are hidden, you cannot tell what a backtest was really testing.
- 03What Talon Anchor doesTalon Anchor draws one rule on your chart: the range, the entry, the stop and the target. It runs a backtest on your own chart, so you can check it yourself.
The idea
How Talon Anchor works
- MeasureFirst 15 minutes after midnight Chicago (one 15-minute candle).
- WaitA later 15-minute candle closes outside the range.
- ShowAn entry, a stop and a target.
Why it helps
What Talon Anchor gives you
Feature
Draws the first 15-minute range, then an entry, stop and target for its backtest on your chart. Monday long only; Tuesday to Friday either direction.
Advantage
The stop is never moved. The target is smaller than the stop, so a win is smaller than a loss.
Benefit
The rule is plain enough to read in a minute and check on your own chart. You see the losses as well as the wins.
Settings
Sizing you can see and change
Two settings set the size of a trade. The member setup guide lists every input.
| Setting | Default | What it does |
|---|---|---|
| 01 Planned risk | 600 USD | How much one trade plans to risk, and so how large it is. A sizing setting, not a loss limit. |
| 02 Max contracts | 2 | The most contracts one trade can use. |
Through the day
When Talon Anchor can draw an entry
One Chicago day. The bar shows when the rules allow an entry, not how often one happens.
Illustration
Talon Anchor 15-minute chart. Range 12:00 AM to 12:15 AM Chicago time. 1 trade a day at most.
- Range is measured
- An entry can happen, on a candle that closes outside the range
- Flat window, 4:00 PM to 6:00 PM New York time: an open trade is closed. No new Anchor entries until the candle that closes at 7:15 PM New York time.
- No entries
On your chart
See the rule in action
Markers show the backtest's entries and exits. The info panel on the chart labels its figures BACKTEST. Its values are left blank here.
Illustration
What Talon Anchor does not do
- It places no orders.
- It connects to no broker.
- It gives no trade calls.
- It does not cap your losses. Planned risk is a sizing setting, not a loss limit.
- It does not show real fills. Simulated fills can differ from real fills, and chart marks can change while a candle forms.
- It does not handle contract expiry, so use the continuous MNQ1! chart.
- A trade still open after midnight Chicago can use up the next day's one trade.
Next steps
Start with the guide
The membership includes setup guides with inputs, limits and troubleshooting. Use a demo account first.