Important Note
If you want to monitor the market and place the trades by yourself, then ignore the following paragraph.
ThePlan 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 ThePlan 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 based on ThePlan are executable through your trading house. Visit Brokerage Partners for a list of such trading houses.
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Samples of ThePlan the way you will receive it via email
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Sample of The Yen Plan
From: me
Sent: May 10, 2010 1:40 AM
To: you
Subject: The Yen Plan - Targets Attached
Dear Client,
I have attached the yen targets list. Following is The Yen Plan steps:
| Step
number |
|
Sell Trading Day |
05/10/2010 |
| 1 |
Sell
(Step1Price) |
1 |
at |
93.45 |
| 2 |
Sell
(Step2Price) |
1 |
at |
93.72 |
| 3 |
Sell
(Step3Price) |
1 |
at |
94.46 |
| 4 |
StopLoss (liquidate/reverse*) |
at |
94.50 |
* Liquidate all three open positions
at the stop loss level and reverse trades with a total of four positions. The
stop loss for the reversal will be four points below the recorded low of the
day at the time the reversal took place.
* If you are trading through NinjaTrader platform, the
strategy will liquidate all three open positions at the stop loss level and
reverse trades with a total of four positions.
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Sample of The Euro Plan
From: me
Sent: May 10, 2010 2:02 AM
To: you
Subject: The Euro Plan - Targets Attached
Dear Client,
I have attached the euro targets list. Following is The Euro Plan steps:
| Step
number |
|
Sell Trading Day |
05/10/2010 |
| 1 |
Sell
(Step1Price) |
1 |
at |
1.3042 |
| 2 |
Sell
(Step2Price) |
1 |
at |
1.3100 |
| 3 |
Sell
(Step3Price) |
1 |
at |
1.3168 |
| 4 |
StopLoss (liquidate/reverse*) |
at |
1.3172
|
* Liquidate all three open positions
at the stop loss level and reverse trades with a total of four positions. The
stop loss for the reversal will be four points below the recorded low of the
day at the time the reversal took place.
* If you are trading through NinjaTrader platform, the
strategy will liquidate all three open positions at the stop loss level and
reverse trades with a total of four positions.
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Sample Result from Trading Day 05.10.2010
The Yen Plan for 05.10.2010 made $1,082.02 in profit on one position.
The Euro Plan for 05.10.2010 made $3,340.00 in profit on one position.
Not bad for one day's work!
Click the little PDF file image below on the left to see the executions of both yen and euro plans done via the trading platform.
Click the little PDF file image below on the right to see the results of both yen and euro plans calculated by the trading platform.
Both plans (entry prices and targets etc...) were inputted in the trading platform before the market move.
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