Danielcode Model Account
Forex T.03 Indicator Signals

• Trades are entered at the daily high or low of the previous day as indicated by the T.03 signal.
• An appropriate model account buffer is made to the recorded daily high/low.
• All signals and calculations are made from data supplied by Genesis Financial Technologies.
• As there is no central exchange for Forex, different data sources will have different daily highs/lows.

This may impact whether a Danielcode Model Account T.03 order is filled or not filled. Where the historic data sheet records no tick value the trade was not filled on Genesis data.

• The Daniel Code model account assumes a tick value of $10 for ease of calculation.

In Forex, actual tick value (pip) varies greatly from about $5.50 per tick to $14.00 per tick dependent on the cross and its price.

The Danielcode model account assumes that it is filled at the required theoretical entry price which may or may not be available on varying platforms and makes no allowance for brokerage or slippage. Forex pricing and availability of fills varies significantly across varying Forex platforms.

The model assumes that the stop loss on entry goes at the point where an outside bar would occur plus or minus a buffer as referred to above.

Forex Lot -- Margin Required -- Currency Pairs

For the purposes of calculating month to date and year to date returns, the Danielcode model account assumes an initial account balance of $50,000 so the initial risk on entry will range from 1% to 4%. It is not considered prudent to trade more than 2% of your account unless you are a very experienced trader with good stop loss technique.

The model uses dynamic stops to progressively minimize risk after an entry is elected.

It is the nature of forex markets that a number of crosses on the same currency will set up at once. So a big move in AUD might set up T.03 signals in AUD-CAD, EUR-AUD and AUD-CHF.

These currency pairs all have the same element AUD so there is a high degree of correlation in the trades. If one is a winner they will likely all be winners. If one is a loser they will likely all be losers.

To protect against making an improper allocation of capital we use "correlation tables" that reduce each trade by the appropriate amount. Correlation tables are available on the internet and your broker should have them. The model account simply takes all possible entries on the day and assumes that they all may be filled and divides the investment accordingly.

So if there are three possible entries in highly correlated crosses, the model will only invest 1/3 of a standard contract in each entry. If two possible entries then it invests 1/2 and so on.

Licensed Broker - Stops --

The Danielcode model account T.03 signals are for your education only and are not intended as recommendations or invitations to trade in securities. Do your own research. Consult a licensed broker in the appropriate jurisdiction before considering any investment in securities of any type. To learn more about The Daniel Code Please advance.

Danielcode Model Account with T.03 Forex