Talon Crest 45s
A 45-second chart tool for breakouts of the first 15-minute range.
- 01The problemA 15-minute candle hides what happened inside the range.
- 02Why it mattersWithout the smaller candles, you cannot see how the range formed or how a move out of it played out.
- 03What Talon Crest 45s doesTalon Crest 45s watches the same 15-minute range on a 45-second chart. It draws the entry, the stop and the target on your chart and runs a backtest on your own chart.
The idea
How Talon Crest 45s works
- MeasureFirst 15 minutes after midnight Chicago, as 20 complete 45-second candles. If the range is incomplete there is no trade that day.
- WaitA later 45-second candle closes outside the range, before 3:00 PM Chicago time.
- ShowAn entry, a stop and a target.
Why it helps
What Talon Crest 45s gives you
Feature
Builds the range from 20 complete 45-second candles, then draws an entry, stop and target for its backtest on your chart. Monday to Friday, either direction.
Advantage
The stop can trail once a trade is in profit by half the stop distance. After the first trade closes, one more is possible that day in the opposite direction.
Benefit
You can see how the range formed from smaller candles, and check the rule on your own chart. If the range is incomplete there is no trade that day.
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 Crest 45s can draw an entry
One Chicago day. The bar shows when the rules allow an entry, not how often one happens.
Illustration
Talon Crest 45s 45-second chart. Range 12:00 AM to 12:15 AM Chicago time, or no trade that day. 2 trades 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 entry.
- No entries
On your chart
See the rule in action
Markers show the backtest's entries and exits. A small panel on the chart marks its figures as simulated.
What Talon Crest 45s 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.
Next steps
Start with the guide
The membership includes setup guides with inputs, limits and troubleshooting. Use a demo account first.