by Murray Ruggiero oN by Tendfinder Ton 10 Tables 3 | Master Performance Table 12 | Vendor Index 57RC Beginner System: Logic and System Code A brave retreat is a brave exploit by Rickey Cheung Many of my friends asked me why I wanted to disclose the logic and strategies of the number | S&P Day trade system ranked by Futures Truth, In fact, I could sell it and make a handsome sum of money. (I could easily sell the system for $8,000 especially with the logie fully disclosed.) In trading and in life, occasionally we have to do things that we want to, not that we have to, especially at this stage of my life. I started to develop my first system in 2004 and sent it to Futures Truth and it has treated me well, being ranked at No. | 16 times. It's time for me to move forward to climb higher moun- tains. I did develop my own RC 9 indicator to practice trading ES(mini S&P) futures. ‘This indicator has performed and won consistently and has provided a definite edge in currency futures in the past. Now | reside in Hong Kong, happily trading, teaching and advising traders, In June 2008. I taught my first class of ES trading to a group of Hong Kong traders which had never traded ES futures before. So | came up with a RC Beginner course and also sent it to Futures Truth for ranking. The system won consecutively for 10 months after it launched, so it made No. | in Futures Truti and all the traders who learned and followed were happily rewarded. OF course many continue to join my advanced and professional courses in trading the ES. Even today I still cannot write a single sentence of Easyl [have to hire a programmer to help me code my systems. | simply told them the way 1 wanted a beginner student to practice. and they helped me code my system which is so simple that it takes less than one hour to compute the source code and also takes less than one hour for students to learn and fully understand The purpose of RC Beginner is to provide a logically sound methodology. which demonstrates a techni- cal edge, simple enough to learn and execute for the beginner ES trader, [will now explain the method ology in detail 1. Logie: NQ (Nasdaq, 100 futures) leads ES in most cases, and many traders know [have been using this simple logic since 2001, So NQ is the only indicator needed, no moving phisticated” calculation - pivot oF any “so: Futures Truth™ © Issue #3-2010 © wow.FuturesTruth.com: 45RC BEGINNER SYSTEM: LOGIC & SYSTEM CODE (continued) 2, Assumption: Market has no rules, not like chess playing rules to help novice traders learn easily, which has rules. So had (0 develop some 3. I divided market into ten conditions based on US central time 09:10 because most economic data is out at 09:00, Before we start with the deseription of the strategies we must apply the follow 1g rules : A) As most economic data mentioned will be out by 09:00 (US Central Time), we start trading 10 minutes after the last data is released under normal situations it is 09:10 a.m. B) We use 5 min bars, that means we sample data with 3m als. You may do it by hand with any quote machine or use TradeStation print log to generate it, Do not use 15 minute bars or longer, If the market moves fast you will miss the tra €) Once a Long or Short entry is initiated put a 12 pt stop on immediately. D) If the stop is not hit, we will close all position at 15:00 (US central time.) E) We only exe e 1 trade per day at most. Notations: s. Le. 0 to 9.75 * means single di + “D” means double digits, ic. 10, 15, 27 ete + te” means Up from yest market close. + “ve” means Down from yesterday market close. If we say ES +5 , means ES has Up 5 pts. from yesterday's close. If we say NQ -10 means NQ is down 10 pts. from yesterday's close, ‘These ups and downs will be available in any quote machine. “RC Beginner Strategy and Logic” 1. 09:10 Q +S. NQ >= ES, then wait NQ <=-13 SHORT- (“Short 1 2. 09:10 | NQ +8, ES > NQ, then NO TRADE 3. 09:10 ES -S.NQ-S. NQ <= ES. then wait NQ <=-13 SHORT - (Short 3°) 4. 09:10 ES -S. NQ-S, ES < NQ. then SHORT immediately at 09:10 - (*Short 4°) 5. 09:10 ES +8, NQ-S. then wait ES >= +2 and NQ >= +13 LONG - ("Long 5") 6. 09:10 ES -S.NQ 4S. then wait ES and NQ <=-13 SHORT - (“Short 6") 46 Futures Truth™ * Issue #3-2010. © ww w,FuturesTruth.com