* ROI Most brokers will
suggest at least twice margin for a starting bank
Trading is risky. See the disclaimers below.
Past results are not necessarily indicative of future results.
These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
These results have accounted for commission but not for slippage.
This month we are introducing a variation of the CTP Continuous Trade Program to The Danielcode which we call 6S.
The program is designed to keep you in the market almost continuously with a risk bias towards the apparent trend. Where possible we suggest that you trade a number of markets so some at least will be displaying a degree of volatility, that maker of profits. Unlike our traditional T.03 and PLUS signals, 6S is weighted more heavily towards Time signals on minor trends. This is basically a manual program where signals are posted daily to the DC website. We are also developing an auto trade program based on some of these and similar concepts which is in Beta for testing. The auto trade version is capable of running leader/follower programs or trading directly into your account and allows extensive back testing which is not readily available in the 6S model.
Neither the 6S manual program or the CTP auto trade program will match the results which DC Tutorial graduates can achieve. There are certain functions which are mainly science but partly “feel” which the educated eyeball will discern but which accordingly are not capable of being coded. If you would like to use these and other functions to their maximum extent to become an elite trader, please feel free to contact me about the DC Video Tutorials.
There is a short video on how to trade the 6S signals below.
Trade signals are created from completed daily bars. Our EOD data is provided by our partners Trade Navigator from Genesis Financial Technologies. Typically this data is provided shortly after 6:30PM New York time and the signals are posted 60 minutes after data becomes available. This means that many markets will have started their next session before the 6S signals are posted. For that reason and for general prudence, always ensure that your stop loss orders are in place and active.
Every 6S signal has an accompanying stop loss order. There is no trading without an attached stop loss order.
Every 6S signal has a nominated entry point. All signals are conditional upon this entry point being achieved by the market. When that entry point has been achieved we say that the signal has been “elected”. Many signals are not elected. That is a normal consequence of this type of trading. Signals are only valid for the trade date nominated in the 6S signals page.
If you are long one contract then the reversal signal is to sell two contracts both on stop. The first sell gets you flat and the second sell gets you short. Normal stops used in this program are either one or two bar stops if the program determines the signal is with the apparent trend and smaller trailing stops if the new signal will be against the apparent trend. If, as an example, we are long then for the reversal you will have a protective stop and a new entry also on stop. Both of these orders must be at the same price point. We cannot have a situation where we have a new conditional reversal point at one price point and the protective stop at another.
You will need charts and I urge you to check that the new signal entry points are at the True High/True Low of the setup bar. In particular you may be trading a market that is different to the charts which we use to create the 6S signals. We mainly use charts which contain “Settlement” prices and those can vary particularly from the electronic markets which use last trade for the close. You may also be trading mini contracts which can and often do have different True highs/lows to the contracts we use. Note that True Highs and True Lows account for chart gaps. See the video for more details.
If an outside bar arises on the day of a new order entry you must stop and reverse.
Disclaimer: All the reports, charts and content in the Danielcode web site are for educational purposes only and do not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author only and should be treated as such. Before acting on any of the ideas expressed, the reader should seek professional advice from a licensed broker in the appropriate jurisdiction.
Risk Disclosure for Front Page, Long Term Trend Charts: THE RISK OF LOSS TRADING COMMODITIES OR FUTURES CAN BE SUBSTANTIAL. COMMODITY TRADING HAS LARGE POTENTIAL RISKS, IN ADDITION TO ANY POTENTIAL REWARDS. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES OR COMMODITIES MARKETS. DON'T TRADE WITH MONEY YOU CAN'T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY OR SELL COMMODITY INTERESTS. THE USE OR PLACEMENT OF ANY STOP-LOSS OR STOP-LIMIT ORDERS MAY NOT LIMIT YOUR LOSSES AND YOU COULD LOSE MORE THAN YOUR INTENDED AMOUNT OF MONEY AT RISK. PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT INDICATIVE OF FUTURE RESULTS.
Risk Disclosure for Genie Results, T.03, T.03+ and TradeProgram: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.