"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."
|