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Commodity Futures Trading Club News.....The Commodities Futures Knowledge Network

"No Brainer" Software
Operating Instructions


BROKER and TRADER INSTRUCTIONS
NO BRAINER DAYTRADING SYSTEM Software Rules
and Methodology for trading NQ E-mini contract:

1. The Time Factor is very important to the trading success of the system. Each day you should visit the Time Factor Page located within the Paid Member Login area of this website to access the recommended time factor chart to use for the next trading day, The time factor will be updated at 12:01 AM Arizona MST Time Monday thru Thursday and Sunday night. Since the Time Factor is very important to the trading success CTCN will post on the website page each day the chart which is being traded the next day. The time frame traded could be based on 144 Tick, 89 tick, 3-min., 4-min., 6-min., or possibly other increments of tick or minute charts.

Click-here for the Time Factor.

2. All orders for entering new positions are at the Market. Of course, once we are in a position stop-loss orders may be moved in accordance with the Stop price shown against the moving Red Horizontal Bar. When stop orders are triggered they become market orders at that point.

3. System is traded throughout the Regular Day Session Nasdaq Trading Hours (RTH), with the exception of the first 5 minutes following the open and the last 20 minutes before the close. The period leading up to the close (last 20 min) may be used to exit positions but NOT to make new entries. All positions must be exited by close of RTH with no overnight carry-over. These before and after trading times are also subject to change by CTCN. Barring instructions to the contrary the above times will be used each trading day. The software also contains built-in code to not issue new signals during other hrs of the day, currently programmed for the so called lunch hour, between 11:30 and 12:30. These times are also subject to modification by CTCN.

4. Data must be continuous and include the ETH price action even though this period is not traded. Continuous unbroken data is necessary to ensure accurate signals.

5. Blue bars signify uptrend. Red Bars signify downtrend. Green bars are neutral.

6. A Cyan colored dot combined with up arrow signifies BUY at market. Magenta dot combined with down arrow signifies SELL at market and White dot signifies close of existing open position. All signals are usually accompanied by audio alert and pop up windows. In the event of these alert malfunctions act on the visual signals, i.e. the Colored dots. These visual dot signals take precedence.

7. A Cyan dot followed by a Magenta dot indicates a STOP & REVERSE signal. The same applies to a Magenta dot followed by a Cyan dot.

8. Regarding major market news and announcements. The broker will keep Dave Green/CTCN software owner advised concerning impending announcements that might affect the market being traded. Major market news the Broker and Dave believe to be significant will be posted on the same webpage where the days Time Factor is posted. Strategy for significant news days will be decided by the system owner in consultation with the broker and posted on the webpage. In the event of surprise news and events including natural disasters, that are likely to have dramatic impact on the market, trading is to cease immediately pending contact as above.

Dave Green, Pres., CTCN

Risk Disclosure: We are required to state and you should know: 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. Furthermore, only risk capital should be used for commodity futures trading due to the high risk of loss involved in commodities trading. 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 in actual trading. For example, the ability to withstand losses (and incur account drawdowns) or to adhere to a particular trading program in spite of trading loses are important issues 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, method or system, which cannot be completely taken into consideration with hypothetical performance results and will effect trading results & your P&L."