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| The knowledgebase is organized into different categories, please select a category that you are interested in. Additionally, you can also search the entire knowledgebase by entering keywords in the navigation bar beside this text. |
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 | Articles |  |
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 | 60MT - COURSE CONTENTS |  |
| 60MinuteTrader Course Contents...
Introduction page 4
Why 60-Minute Trader works page 6
Spreadbetting page 10
Tools of the Trade page 12
Technical Analysis page 15
Technical Indicators page 21
Money Management
Trading Capital page |
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| 60MT - $20 CONTRACTS? |  |
| Chris trades 4 contracts.
The $20 quoted within out trading results equates to 4 x $5 trades. To trade these 4 contracts would require a trading account of $4,000 deposited with your broker.
To trade two contracts at $5 each would require $2,000.
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| 60MT - WHAT MARKETS DO YOU TRADE? | |
| 60MinuteTrader is specifically for trading the Dow futures contract symbol (YM) or spread betting on the daily Dow (Wall street cash).
There are reasons why it is so specific, the Dow is popular so the market has great liquidity, the spread between th |
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| 60MT - TESTIMONIALS | |
| The Internet has allowed many individuals and organistaions to spring up with so called trading systems, many not even having traded ANY system let alone having traded the system they are selling, so I undewrstand your caution.
We know words can be che |
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| 60MT - HOW MUCH IS REQUIRED TO TRADE? | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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The account minimum has been reduced to $2,000, you only need more than this if you are going to trade indiv |
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| 60MT - ADX AND WILLIAMS SETTINGS FOR THE INDU AND YM | |
| The settings for Bigcharts are used as is, for Sierracharts we use a williams setting of 10 for both the YM and INDU. The ADX for the INDU is 10,4 and 10,8 for the YM. Yes all 1-minute charts.
I believe E-signal is the same as TS and I suggest that yo |
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| 60MT - DEMO TRADING | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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You could fund an Interactive brokers account and use bracket-trader in demo mode with a live feed. If you d |
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| 60MT - CAN THIS SYSTEM WORK FOR AUSTRALIANS? | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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You can trade from Australia, we have many clients who do just that. You should be aware of the time scales |
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| 60MT - CAN TRADING BE AUTOMATED? | |
| The course teaches you to spot the entry and exit indicators/points.
Automation is not possible and forecasting is not possible at this moment in time.
Problem is that trades are only 10, 20 or 30 minutes long, some as short as 9 seconds the entry |
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| 60MT - BIG CHART SYMBOL? | |
| The symbol for Big Charts is DJIA.
http://www.60minutetrader.com |
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| 60MT - BRACKET TRADER SET UP? | |
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Hi, to set up Bracket Trader just download BT and when you open it, it tries to connect to IB straight away.
Just enter the figures as below.
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| 60MT - BROKERS? | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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For spreadbetting we suggest https://www.capitalspreads.com they take debit/credit cards and personal cheque |
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| 60MT - ALTERNATIVE BROKERS | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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Try http://www.tradebolt.com
They do list http://www.cytradefutures.com - Their platform is free and wit |
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| 60MT - CHART START TIME | |
| The start time should read 9:30 am EST, the open of the cash market.
http://www.60minutetrader.com |
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| 60MT - EASY LANGUAGE | |
| We have tried to code it with easylanguage but have not had success, this is because we monitor more than one market to make our entry.
The more that you trade it the better you will be.
http://www.60minutetrader.com |
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| 60MT - CHARTING & DATA FEED PACKAGES | |
| BROKERS
For futures we suggest http://www.interactivebrokers.co.uk/php/main.php they take personal cheques, wire transfers and transfers from other brokers.
CHARTING PACKAGES
Most charting packages have them. Out of the ones mentioned in the book |
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| 60MT - NOT RECEIVING INDICATOR SERVICE | |
| We send out the daily emails once per day each working day. These are also sent directly to your desktop if you download our 60MT Adobe Air application here:
http://www.elertgadget.com/downloads/verify.php?id=111
They are free with the course purcha |
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| 60MT - DIVERGENCE - HOW TO USE? | |
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Divergences are usually good for 15 to 20 points.
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| 60MT - DO YOU HAVE AN AFFILIATE PROGRAM? | |
| Yes you can create an affiliate account here:
INFORMATION: http://www.60minutetrader.com/affiliates/affinfo.php
REGISTER: http://www.60minutetrader.com/affiliates/signup.php |
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| 60MT - ENTER TRADE | |
| When the market is trending the indicator rises, a "vee top" or downturn on the ADX indicates the end of the trend and this is when to enter the trade.
http://www.60minutetrader.com |
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| 60MT - E-SIGNAL | |
| Hi we personally use Interactive Brokers with Sierra Charts.
I believe E-signal is the same as TS and I suggest that you use an 8 period ADX.
TradeStation only has one input for the ADX and an 8 period setting comes the closest to Sierracharts.
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| 60MT - TRADING ALL DAY OR FIRST HOUR? | |
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Our system is based on
trading for just 60 minutes per day.
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| 60MT - WHAT ARE FUTURES? | |
| To understand more about the futures market we trade, we have prepared a tutorail, please use the link below:
http://www.netnewsrelease.com/cbot/
http://www.60minutetrader.com |
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| 60MT - FUTURES VERSUS SPREAD BETTING | |
| Our trading results are based on trading futures, we take off 1 point spread and 1point commission and then only count 50% of the move, this helps with spreadbetting profits.
We do recommend trading futures because you will make more money trading futu |
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| 60MT - HOW MANY CONTRACTS? | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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You can actually trade 2 contracts with $2,500 during market hours with IB and 1 contract overnight.
You |
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| 60MT - HOW MANY TRADES? | |
| The concept is just one trade per day.
The main trade is at the open at 0930 US (EST) time and would this be 1430 GMT, this is where you will get the best win ratio.
Most trades like yesterday are completed within the first 30 minutes i.e. 14:3 |
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| 60MT - HOW MUCH PER FUTURES CONTRACT DO I NEED? | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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It depends on the broker some will let you trade 1 contract with as little as $500.
With Tradestation you |
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| 60MT - INDICATORS | |
| We use an ossilator the Williams%R and a trend indicator the ADX.
You may get different results with a different charting package, the one we use costs just $10 per month.
http://www.60minutetrader.com |
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| 60MT - MACS | |
| We do not use Macs and know people have had problems with ther other programs using Macs and virtual PC. I suggest that you ask Sierrachart about compatability.
Sierrachart gets the data from IB see:
http://www.sierrachart.com/Home/Static/data.html |
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| 60MT - MYTRACK $5 OPTION | |
| Go to http://www.mytrack.com and click on "myTrack Service Plans" on the left-hand side.
It is the first package "Basic" $4.98
Individual stock prices are delayed, the 4 indicies that we use are real-time. |
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| 60MT - NAKED SELLING | |
| Naked selling is usually concerned with options, we trade index futures. We use a stop order and there is an optional time rule to limit losses. |
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| 60MT - ORDERS? | |
| We place 3 orders with one click of the mouse, an entry market order, a stop-loss order and a profit target limit order. |
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| 60MT - PAYMENT OPTIONS | |
| You may also make your purchase with us by sending your payment by check/cheque, draft or money order as follows:
Amount: £84 or $149
Payable To: Internet Unlimited Corp.
Send To:
Suite 9
Sandown Business Centre
College Close
Sandown
IOW
E |
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| 60MT - COURSE DOWNLOAD FORMAT | |
| The course is delivered to you by PDF - if you do not have acrobat reader you may down load this here:
http://www.adobe.com/products/acrobat/readstep2.html |
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| 60MT - PROFIT PER MONTH | |
| On average the monthly points gained for one trade per day only is 120 points, this is half the maximum possible and net of any losers and commissions, if you have been trading you will know how difficult it is to hit the highs and lows of any trade.
S |
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| 60MT - PROFIT POTENTIAL - SPREADS AGAINST FUTURES? | |
| You will get about 2-3 points less profit per trade using spreadbetting because the SB spread is 4 points compared to 1 point spread and 1 point commission charges via futures.
Futures are the best way to go.
It is difficult to compare a $250 SB acc |
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| 60MT - REFUND POLICY | |
| The 60MinuteTrader refund policy is quoted on the website:
http://www.60minutetrader.com/order.php
The Following Refund Policy Dated 1st February 2005 Supersedes And Replaces All Previous Versions
REFUND POLICY - http://www.60minutetrader.com/f |
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| 60MT - REWARD TO RISK RATIO | |
| We use a 17 point maximum stoploss but have not needed to use it so far this year. There have been 2 losing days of 1 and 5 points.
The average winning trade for April is 9.50 points, this is 50% of the maximum move less 1 point commission.
The win |
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| 60MT - RSI SETTINGS FOR SIERRA CHARTS | |
| We use a 14 period RSI on Bigcharts.
You can use the reversal of the RSI (RELATIVE STRENGH INDEX) as an extra confirmation, there is also a different trade which will be explained in one of the daily emails called divergence trading.
There will be a c |
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| 60MT - SELL FIRST - BUY LATER | |
| That is one of the advantages of trading futures, you can sell first and buy later unlike shares where you mostly have to buy first and hope that the market will go up. |
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| 60MT - SET UP SIERRA CHARTS WITH IB OR MYTRACK | |
| We use the data feed from interactive brokers for Sierracharts because it is free, you can use Mytrack but this costs money.
Setup Sierracharts with either IB or Mytrack see:
http://www.sierrachart.com/Home/Static/data.html?PHPSESSID=4a348ed894b52 |
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| 60MT - SIERRA CHART SETTINGS | |
|
For set up instructions of Sierra Charts please go to:
http://www.sierrachart.com/Home/Static/IB.html
For Sierracharts we use a williams setting of 10 for both the YM and INDU. The ADX for t |
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| 60MT - WHEN DO AFFILIATES GET PAID? | |
| http://www.60minutetrader.com
We have recently reduced the cooling off period for your customers from 14 days down to 0 days which is why you will now see commissions appear immediately within your affiliate account.
This now allows our affiliates t |
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| 60MT - SIERRA CHARTS - PRICING | |
| SIERRA CHARTS - Software and Data Pricing
The current software pricing is as follows: $15 for 1 month, $39 for 3 months, $65 for 6 months, and $108 for 1 year. These prices are for the software only. These prices do not include possible data costs. Da |
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| 60MT - SLPPAGE AVOIDANCE | |
| We use market orders on entry so that we do not miss a trade, for exits we use a free piece of software that places a profit target limit order at the same time as the entry, orders are processed on a first come basis and this way the limit orders are pla |
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| 60MT - WHERE DO I ORDER? | |
| You may order here:
http://www.60minutetrader.com/order.html |
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| 60MT - SPREAD BETTING | |
| We do recommend trading futures because you will make more money trading futures and it is easier than spreadbetting. Chris traded via spreadbetting for 4 years before moving to futures and would not go back.
DATA FEED - SPREAD BETTING
If you go to |
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| 60MT - STEP BY STEP INSTRUCTIONS | |
| Open an Individual trading account for futures with IB and subscribe to the free US market Data.
Download IB's stand alone TWS trading platform.
Subscribe to Sierracharts (about $10 per month) and download their software.
They have several instru |
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| 60MT - STOP LOSS | |
| We recommend a stop loss of 17 points which is $85 |
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| 60MT - TIME OF DAY? | |
| The main trade is at the open at 0930 US (EST) time and would this be 1430 GMT, this is where you will get the best win ratio.
Most trades like yesterday are completed within the first 30 minutes i.e. 14:30 to 15:00 GMT.
You can make additional t |
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| 60MT - TRADING ALL DAY | |
| Yes you can trade all day using the same rules, a reversal (vee top) on the ADX and trade between the ends of the Williams. Chris has made up to 19 trades in one day with 18 winners and just 1 small loser.
The open trade has the highest win rate. |
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| 60MT - TRADING RESULTS | |
| It is important to remember that we our results are based purely on one opening trade placed each day...we have pages prepared for you to see the trading results, you need to access this via this page:
http://www.60minutetrader.com/tradingresults.html |
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| 60MT - TRADE STATION SETTINGS | |
| TradeStation only has one input for the ADX and an 8 period setting comes the closest to Sierracharts.
I would use a 10 period setting for the Williams.
Using these 2 settings on TS gave only 2 losing days in June.
Make sure your start and end |
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| 60MT - CAN I TRADE FROM THE UK? | |
| The answer is yes absolutely, 60MinuteTrader.com was written by Chris who lives and trades from UK.
http://www.60minutetrader.com/order.php |
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| 60MT - WHY STOP LOSS 17 POINTS AND PROFITS EXPECT ONLY 6 POINTS? | |
| If the stop loss is too close it will get hit more often.
Your exit should be when the Williams reaches the opposite end of the range. Year to-date this is 6.58 after commission taking just half of the move, so if you are good you can double this. |
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| 60MT - WINSPREAD VERSUS 60MT | |
| 60MT is an update of Winspread based on customer feedback and what they want.
There is now much greater detail with exact entry and exit points.
60MT has been tested on futures and can be traded semi-automatic with details of a free API (Aplication |
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| 60MT - PROFITS | |
| Question: With the track record, just exactly how are the profits figured? For example, a straight 6 ticks per trade or 1/2 of Williams extremes or something else.
Answer: The entry plus half of the best exit on the Williams less 1 point commission. Lo |
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| 60MT - INTERACTIVE BROKERS REQUIRE 100 TRADES | |
| UPDATE: 26th June 2010 - We are now able to align our clients with Global Futures who will only require a $500 opening balance.
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Firstly, please just complete the form at IB and specify that you have traded more than 100 trades. You can |
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| 60MT - ESIGNAL | |
| We personally use Interactive Brokers with Sierra Charts.
I believe E-signal is the same as TS and I suggest that you use an 8 period ADX.
TradeStation only has one input for the ADX and an 8 period setting comes the closest to Sierracharts.
I wo |
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| 60MT - HOW WILL I GET PAID AFFILIATE COMMISSIONS? | |
| Payments will be made via Paypal. Therefore, you must always ensure you provide the correct email address within your profile.
If you do not want sales notices to go to your paypal email address put your paypal email address within the 'Company Name' f |
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| 60mt - INDUE CHART | |
| Question: Please can you show me the diagram of the indu chart and settings. my ym chart is ok.
Answer: Everything is the same as the YM chart except the ADX is set to 10,4
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| 60MT - IB BUNDLED OR UNBUNDLED? | |
| Bundled is correct, this is a fixed fee and you know where you are with the costs.
Unbundled can work out cheaper if you trade many contracts but the costs are variable. |
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| 60MT - IB And Sierra Charts | |
| Please do a search on the knowledge base for: Sierra Charts
http://www.internetunlimitedllc.com/support-hub/index.php?_m=knowledgebase&_a=view&parentcategoryid=2&pcid=0&nav=0
Alternatively:
Setup Sierracharts with either IB or Mytrack see:
htt |
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| 60MT - INDICATOR SERVICE CANCELATION | |
| We send out the daily emails once per day each working day. These are also sent directly to your desktop if you download our 60MT Adobe Air application here:
http://www.elertgadget.com/downloads/verify.php?id=111
They are free with the course purcha |
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| 60MT - Fade Trade Versus 60MT | |
| 60MT and Fade Trade will show you how to trade the opening trade of the day.
However, both use a different approach with different indicators and charts etc.
If a customer has bought Futures Uncovered and is already trading using that method we wo |
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