Questions & Answers
Please read the Qs&As below for better understanding of The Plan. There is important information regarding possible adjustments you need to make to your trading platform.
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Q1. What is The Plan?
A1. The Plan is a trading advisory sent by email to all members around 1:15 a.m. Pacific Time in usual market conditions. I will let you know when and if there is a delay in sending The Plan. The email will include entry levels and a stop loss point which will be the reversal point as well. The Plan shall not have more than four open positions at one time. All positions are automatically liquidated around 23:59 Monday through Thursday, and around noon Friday. There will be absolutely no hedging (holding buy and sell positions at the same time). A targets list will be included as an attachment to the email. You ONLY need to input the targets list file name once a day for every plan in the strategy window from within the trading platform. A sample of The Plan email is posted here.
Q2. Can I apply The Plan in a different trading platform than NinjaTrader?
A2. You can place the trades manually in any trading platform but this is time consuming. Unless you are placing the trades manually, no you cannot. The Plan includes a set of rules to enter, exit, reverse positions, stop loss and trailing stops. Some rules are targets based and some are time based. Applying The Plan in a different trading platform than NinjaTrader WILL NOT work. In a different trading platform, some rules will not function at all. Make sure that the actions triggered in the trading platform are executable at your trading house. Visit NinjaTrader for the most recent listing of such trading houses.
Q3. What is the minimum account size needed to apply The Plan?
A3. For long term safety it is suggested to have a $50k trading account (if trading both the yen and the euro).
Q4. Can I trade The Plan with a small account size, say $5k?
A4. I am afraid $5k is too low. On some trading days we may end up trading seven lots. We start with one lot then add a second then a third as the market is going against us. At a certain point (stop loss/reversal point) we liquidate the three lots and reverse with four fresh lots in the opposite direction. Such days are not uncommon and if you take into consideration the margin required and the loss taken on the first three lots before the reversal, that could eat up almost all the $5k and you may be forced out (margin call) of the market before you get a chance to reverse.
Q5. How much does a membership cost?
A5. The Plan costs $50 per currency per trading day. There are different options to pay and you can pay for several plans at one time from within the membership page. I will send you a plan a day until your balance is zero. I will send you any unused balance upon your request.
Q6. Where do I input The Plan numbers in the trading platform?
A6. Once you become a member I will send you a script file (the program of The Plan) which you will import to the trading platform. Once imported, you select The Plan from the strategies window to input the targets list file name. This is done by typing in the attachment file name sent in the daily plan email into the trading platform. The strategy import is done one time only. That is the first time you become a member. Extensive how to apply The Plan is posted here. If you can have your computer time set to Pacific Time, then you do not have to worry about any time adjustments.
Q7. What time will I have to apply The Plan?
A7. You need to input The Plan numbers as soon as you receive them by email. That is around 1:15 a.m. Pacific Time. If you are on the east coast, that will be around 4:15 in the morning. International clients need to compensate for the time difference as needed.
Q8. What time will I receive The Plan by email my local time?
A8. The following service should have the answer World Time Server My Time.
Q9. What time is it now in California?
A9. The following service should have the answer World Time Server CA Time.
Q10. What do I need to do if I am not located in a Pacific Time zone?
A10. Please visit the how to page and make sure you apply the time adjustments where needed in your trading platform. If you can have your computer time set to Pacific Time, then you do not have to worry about any time adjustments.
Q11. Do I need an uninterrupted internet connection?
A11. Yes, as long as you have open orders in the market you need to have a live internet connection.
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