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anyone tried john needham's thedanielcode


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anyone tried john needham's thedanielcode

  #1 (permalink)
tradermark
madison wisconsin
 
Posts: 31 since Feb 2010
Thanks Given: 44
Thanks Received: 4

Hello,have any members tried John Needham's the danielcode service?What did you think?Thanks,Mark.

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  #3 (permalink)
 veigaman 
vienna, virginia, usa
 
Experience: Advanced
Platform: TradeNavigator, Multicharts
Broker: Optimus, TOS, IB
Trading: Gold, DX, Forex, Futures
Posts: 12 since Oct 2010
Thanks Given: 13
Thanks Received: 15


I traded the DC system faithfully for over 18 weeks this year, primarily in the Forex market. With conservative position sizing (never exceeding 2% for correlated pairs), I made over 20% returns with my average drawdowns being 1-2%. This was the best results I have ever traded in Forex in four years.

It is a countertrending system with very high win rates. it trades a diverse basket of currencies. One needs to use stop and reverse techniques and actively manage your stops once in the trade. I was able to get into a good rythm with the system since he publishes the signals in the evening. I was able to achieve better results than DC system because of my money management rules that I developed. Taking 1/3 position profits at certain levels. This was a derivation of what he taught.

I stopped trading the system because I was too dependent on his signals. At times the signals worked almost magically. When he was traveling, the quality and number of trades weren't there. For the monthly subscription , DC is a very good value. For $5,000 he'll teach you his method. That's a steep price to pay. Overall, it is an effective system and I would recommend it highly.

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  #4 (permalink)
 daviknu 
Zimmerman, MN
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, ZB
Posts: 4 since Feb 2015
Thanks Given: 12
Thanks Received: 5

I've been with DC for the last nine months. And have subscribed to multiple autotrade programs...I have yet to see the advertised 6-8% average monthly returns...

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  #5 (permalink)
 locky 
Brisbane Australia
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP
Trading: ES
Posts: 9 since Nov 2018
Thanks Given: 5
Thanks Received: 7

John Needham is offering a free week's access to everything on his website, simply by creating a free logon. This is the first time I've seen a free week in several years & it begins in the evening of Sunday, September 22.

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Last Updated on September 23, 2019


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