DSP Daily Trading Systems

By: MDF Trader  06/16/2014
Keywords: Trading System, Electronic Trading, Day Trading

Our Daily Single-Position (DSP) trading system is designed to be convenient yet powerful. The idea is to assume, at most, a daily single position in the $5 E-Mini Dow market. That may be Long (buy) or Short (sell), but sometimes the system will call for a No Trade position for the day. The word “Single” does not mean that only one contract may be traded. To the contrary, this system proposes a money management strategy to determine the exact number of contracts to be traded, based on account equity balance, trader risk tolerance and money management rules. Simple DSP Trading Procedure: Step 1) The client simply logs into the secure members' area of our site to view the indicators for the day, or checks their email for the Daily Signals Newsletter email containing the signals. Step 2) It takes no more than a few minutes to examine the trade signals to determine if a Long or Short is indicated. If so then the accompanying Limit and Stop order levels will be posted along side. The client can then browse to the DSP Members' Money Management Center. On that page are available online calculators that compute the appropriate contract lot size based on account equity balance and risk tolerance. Step 3) If the client would like to test any of the DSP systems in real time they may login to an online account of their choice to place the appropriate orders with an online brokerage. (We offer information about online brokerages here.) As noted in step 2 above, when a trade is indicated, there will also be a Limit order price and a Stop-Market order price indicated. These orders are often placed at the same time as the entry order, and will sit waiting for the price to reach them. Order placement can be accomplished with an OSO (order-sends-order) and OCO (order-cancels-order). Each online brokerage is slightly different in how they process those types of orders, and if you plan to test our trade strategies, then you should check with your broker to learn the proper techniques. Also, in the case that a Limit or Stop order is not triggered during a trading session, an End-of-Day (EOD) order should be used to exit the market 5-10 minutes before the session ends. This is described in more detail in the DSP User's Guide. The next daily (or session) indicator will be given after the market closes between 4:15 and 5:00 pm CST. During that time the Mini Dow price typically does not move very much because the DJIA is closed for trading. So there is some time available in which one can look at the indicators and determine the next day’s position.

Keywords: Day Trading, Derivatives Trading, Electronic Trading, Emini Dow, Emini Dow Futures, Swing Trading, Trading Algorithm, Trading Strategy, Trading System,

Other products and services from MDF Trader

Automated Ninjatrader Strategy for 7-Minute Emini Dow Charts from MDF Trader thumbnail
06/16/2014

Automated Ninjatrader Strategy for 7-Minute Emini Dow Charts

We offer an electronic trading strategy for the CBOT $5 Emini Dow Futures based on 7-Minute charts for use with the Ninjatrader software platform.