T.03 Plus Trade Performance

by Dave
(Danielcode)

January 5,2010 -- As we prepared the T.03 Plus program John asked me to track the results of the signals so that we could monitor their performance. Today I shared December’s results with him and he has asked me to share them with you too.

I actually started tracking the signals on December 1st, almost two weeks before we completed our testing and began issuing the signals for you on the website. I am including the early trades in the statistics because they were still valid trades, even if they weren’t posted for the public. From December 1, until the last day of Danielcode trading in 2009 on December 23 there were a total of 210 signals issued. Of those, 77 were not elected. Of the 133 trades that were elected, 116 (86%) were profitable and 17 (13%) were losers.

Those of you who have attended John’s Tutorials and Seminars or watched the Webinars know that John tells you to take the “Stop and Reverse” on a losing trade. If you had taken the “S&R” on the 17 losing trades in December, you’d have closed a profitable trade on 14 of them. Two of the S&R trades ended up as losers in their own right. One of the losing trades didn’t fill the requirements to enter into a Stop and Reverse position so there wasn’t a chance to make money back on that trade.

Before you all head off to your trading platforms to start trading the T.03 Plus signals, expecting that 86% of your trades will be winners, you’ve got to know how I traded these signals. Here are the rules that I used to achieve these results:

All entries were taken on the daily charts. There were no advanced entries off of shorter term charts in this study.
The stop strategy used was a 2-bar trailing stop on the daily chart. Again, no shorter term charts were used.
Stop and Reverse was taken on every losing trade.
The 20-tick crash stop was used in every trade. John has covered this in some of his tutorials, but some of you probably haven’t learned about this yet. I’m going to start a new thread in the forums to review this exit strategy. If you don’t understand how to use this exit technique you need to read through that thread.
No entry was taken in markets where the opening gapped past the 20-tick profit point.

No NFTY trades were taken since I don’t have access to that data.

This was a very basic trading strategy. With all entries and stops managed on the daily charts it doesn’t get much easier than that. Managing your 20-tick crash stop exits can be done automatically in the trading platforms that I’m familiar with. You should be able to automate your exits and stops when you place your entry orders. This lets you walk away from your computer for 24 hours, knowing that you will make money on over 80% of your trades.

Dave

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David Hunt
Director of Product Development

Try our Free Danielcode Trial and learn how to trade so you can get these results,today! After you sign up with us for our free trail, go on over to Trade Navigator where you will also get their Free Trial and you will receive our complete Daniel Code Library as part of the whole package.