| The Trading Rules for the Mini DOW Scalper Intraday System. |
CLICK HERE to download THE INDEX SCALPER 4XR automated trading system |
1) What is the Index Scalper
system?
It is a modified Range Trading System (RTS) with range progression dynamic
adjustment applied on the several intra-day time frames. This means that the
system dynamically analyzes the three time frames and when the results are
equal, a trade will be generated. That signal is counted as a "working signal"
and an order to buy or sell must be placed. That order is usually limit (within
5-15 points from the market on YM) or market order.
2) The System trades all sessions for the mini Dow (7:15 PM - 4:00PM CST), but until you have the way to auto execute the trades through your trading platform we recommend that you trade only the day session. (8:30 AM - 4:00PM CST). When the day session begins the Scalper intraday system turns on, analyzing the dynamic market conditions and current price developments. The system generates market (or limit) price orders to open and offset the open contracts.
3) During the day session the system updates every 10 sec, showing the direction of current price development, Market Pressure™, Dynamic Market Levels (BUY, SELL), the trade/order confirmation message and Intraday Trading Signals.
4) Most of the Intraday Trading orders are the limit orders and must be placed by you at exactly the specified price level, right after you received the Trading Signals.
5) Money management rule set on the system limits the daily drawdown to 10% of the account size ($700 on the $7000 account).
6) Note: the system does NOT place stop orders (ie, a buy order that is above the market or sell order that is below the market). If we had, for example, the buy order/signal placed at 10000, but the price had already moved to 9995, you would take the market price in this case to get filled long at 9995.
7) The System makes 2 to 10 trades per day (if we limit the maximum number of open contracts at the same time to 3). On average, 80 contracts per month. The Minimum account size required to follow the system in this case is $7,000
8) If we are still in the trade by 3:45PM CST (1:45PM PST) please look for the best market price to offset all open positions within next 15 minutes.
9) If you have no open positions at 2:30PM CST (12:30PM PST), cancel all pending orders and don’t take any new trades for this day.
10) NO OPEN POSITIONS SHOULD BE LEFT OVERNIGHT!
NOTE: The time stamp for all orders in the automated version of the Scalper system is Pacific Standard Time (PST).
It is not important what the Market does (rallies 100's points per day or stays inside a tight range), it is only important what YOU do in the Market!
The risk of loss in Futures trading can be substantial. Any performance results listed on this website represent simulated computer results over historical data, and not the results of an actual account.
"Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated 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 those shown."
- COMMODITY EXCHANGE ACT § 4.41(i)