In the third entry of the dt Pro webinar series, Trading Off of the Charts, Daniels broker Jace Jarboe demonstrates how the pricing chart is much more than a visual reference. You can easily integrate it into your approach to the markets, while promoting both trading efficiency and strong decision-making.
Whether used in isolation, or in concert with the depth-of-market (DOM) interface, dt Pro’s chart trading feature gives users a way of engaging futures rapidly and confidently. Here are a few key elements of the software suite highlighted in Trading Off of the Charts:
- Chart navigation
- Advanced features and functionality
- Order execution
- Open position management
- Strategic considerations
The futures markets are constantly changing environments, capable of evolving swiftly and unexpectedly. At the end of the day, profitability depends upon solid execution. Trading directly from the pricing chart is one way to reduce unwanted latencies and to streamline your approach.
Chart Trading with dt Pro
Self-directed online traders have two primary methods of interacting with the marketplace: DOM and chart. Both are great ways to study price action and to enter/exit the market efficiently. However, a good number of futures traders forego the DOM’s price ladder to execute trades from a more spatial perspective. That is where chart trading comes in ― orders are entered via a mouse click directly from the pricing chart.
Chart trading is especially useful for those implementing strategies involving candlestick patterns, Bollinger bands, or any other technical analytics that rely on visual interpretation. In this dt Pro webinar, Jace breaks down the areas vital to trading off of the chart using our powerful software platform:
- Market entry/exit: Achieving optimal market entry and exit is all about deciding which order types are best suited to your strategy. With this in mind, dt Pro’s chart trading feature is designed to support a variety of basic and advanced orders. Traditional market, limit, stop market and stop limit orders are all readily accessible. More advanced types — such as order-sends-order (OSO) and order-cancels-order (OCO) — are also available. A variety of extended order options may be easily applied to your market entry/exit game plan, including good-till-cancelled (GTC), fill-or-kill (FOK), and immediate-or-cancel (IOC) designations.
- Position management: One area where dt Pro’s chart trading feature excels is in the arena of open position management. Stop losses and profit targets may be modified quickly through a simple drag-and-drop. Execute complex trade management strategies seamlessly by using the bracket and multi-bracket functions.
- Custom options: In the live market, it’s important to be comfortable. dt Pro provides a large array of options for the customization of everything, including appearance and essential functionality.
A central theme in each dt Pro webinar is the user-friendly nature of the platform. The software suite is designed to be intuitive, catering to the needs of the active trader. If chart trading is your game, rest assured that dt Pro has you covered.
From executing a basic market order to implementing multi-brackets, all you need to become a proficient user of dt Pro is practice. Perhaps the best way to fine-tune your trading chops is to sign up for a complimentary two-week dt Pro demo account at Daniels Trading. Working with the demo is a great way to examine how the platform operates in real market conditions, free of any financial risk or obligation.
Get up to Speed with the dt Pro Webinar Library
As technology advances, so does a trader’s ability to access information in an on-demand format. This is a big deal for most traders, as the rigors of everyday life often make free time a scarce commodity.
For more information on our flagship software trading suite, check out the collection of dt Pro webinar resources available online. No matter the time of day or night, access them at your convenience, 24/7/365.