Day Trading Forex Live Review

82 Comments

1. Ojay March 21, 2017

   what gains have you made with dtfl percentage wise?

   Reply
   • Chris March 21, 2017

     Thanks for the question, Ojay. I make between 3% and 6% per month on average with a couple of losing months each year. So far, the worst was February of 2016, where I was down about 3% at the end of the month.

     That’s risking 1% per trade. Many of the other members risk 2% per trade. Sterling mentioned that he makes around 7% per month, risking 1% per trade. That was a while back. I’m not sure if he’s still doing that well or not.

     If you’re talking about yearly gains, most of the experienced members of DTFL are making between 30% and 60% per year.

     Keep in mind that I’m only trading the Euro and Pound with DTFL. Most of the other members are trading several other pairs. They have months where they make more than I do, and they also have months where they lose more than I do.

     Reply
2. Ojay March 21, 2017

   Do you have skype or something where I can contact you privately?

   Reply
   • Chris March 21, 2017

     You can message me on Facebook: https://www.facebook.com/FXDayJob

     Reply
3. Dave May 17, 2017

   Thanks for the review. Sounds interesting. Does this system use any indicators? I never see an edge in using them.

   Also what is the ideal session to trade it? London or US?

   Thanks.

   Reply
   • Chris May 17, 2017

     Thanks for the comment, Dave. You don’t have to use any indicators. There is an indicator, similar to iSessions, that you can use (if you use MT4) to visually display the important trading sessions on your chart. This can be pretty useful – especially for backtesting. There’s also an average daily range (ADR) indicator, similar to this one. The ADR is essential to the system… for analyzing trades, but you don’t have to use that specific indicator to get the ADR (in case you don’t use MT4). Any 14-day ADR will work.

     No indicators are used for the actual trade setups.

     As for the best session to trade this system in, Sterling says that it’s easier to make money in the London session. However, he trades the NY session as most American traders will. I tried the London session when I first started. Now I trade the NY session. I’ve made money in both sessions. I would just trade the session that’s more compatible with your schedule.

     Reply
     • Dave May 18, 2017

       Hi Chris,

       Thank you for the quick reply.

       Few more questions before deciding.

       1. From your personal experience, are you able to trade this method independently without relying on any support from the trainer or fellow students? How long will it take before you are independent?

       2. What is the average number of setups per day or month?

       3. When you measure your own average profitability of about 3 – 6% per month, do you use only the US session that you actually trade in? From the Youtube videos, I am unsure if Sterling calculates his returns based on actual trades he made during the US session or all available trades for both sessions.

       4. From your experience, does this method require you to take all (or most) trades in order to maintain the edge? Some methods are so finely balanced that you need to take all or most trades to get the edge while others offer more leeway.

       Thank you once again,
       Dave

       Reply
       • Chris May 18, 2017

         Great questions, Dave!

         1. It doesn’t take long to trade this system independently. You may still find it useful to take advantage of the community and/or the live trading sessions and market reviews/previews. Sterling has been trading for more than 17 years. He has more wisdom to offer other than the rules of his system.

         2. Based on my experience trading this system in the NY session, I would say that you can expect between 10 and 15 trades per month if you only trade the Euro and Pound. If it’s very slow, you might get less. During a hot period, you might get more. Obviously, trading more pairs will give you more setups. The low(ish) number of trading opportunities is a direct result of filtering out bad trades and only taking the best setups.

         3. My profitability numbers are based on trading the Euro and Pound during the NY session only.

         4. Yes, you need to take every trade – especially considering the number of trading opportunities. Every mechanical system is like that. If you commit to taking setups on the 15-minute chart during the NY session, you need to take every setup. In order to really let your edge work out over time, you have to be consistent. Anything else is gambling.

         I hope that answers your questions. Good luck!

         Reply
         • Dave May 19, 2017

           Hi Chris,

           Thank you for the detailed reply. Will probably order this over the weekend.

           Thank you again,
           Dave

           Reply
           • Chris May 19, 2017

             No problem, Dave. I’m glad I could help.

             Reply
4. Sheryar May 28, 2017

   Hi Chris

   That was quiet an explaination of the system. You talked about the average gain in terms of percentage can you please elaborate it a little more in terms of pips gained an risked per trade and per month?

   Reply
   • Chris May 28, 2017

     Hi Sheryar,

     We risk 20 to 25 pips to make 40 to 50 pips respectively – depending on the situation. The risk and reward on some pairs (that I don’t trade) are a little different.

     As far as gains are concerned, talking about profitability in terms of pips is pointless. For instance, a swing trading system will give you more pips because trading moves on the daily chart means you risk more pips and target more as well. However, you should still be risking the same low amount of money per trade (2% or less).

     Reply
5. Aldrich June 30, 2017

   Hello now is july first isit still possible to get the discounted price? Are you able to teach through webinar?

   Reply
   • Chris July 2, 2017

     Hello, Aldrich. It looks like Sterling still hasn’t changed the price, so you’re good if you act fast. He’ll probably change it later today or tomorrow. Sometimes he just gets busy and forgets.

     Reply
6. Chris July 13, 2017

   Simple, Jamie. There are many ways to make money in the Forex market. Trading stop runs, as we do in DTFL, is just one way.

   Reply
7. TOBYASFX August 25, 2017

   NOSOTROS HABLAMOS ESPAÑOL, ¿OK?

   Reply
   • Chris August 25, 2017

     Todos los materiales de instrucción y el comercio en vivo están en inglés.

     Reply
8. Zat September 21, 2017

   1. With the DTFL, what can be said to be the recommended minimum starting bank? $200, $500, $1000 ? etc ? With your experience what would you recommend for starting small? 2. Can one hit the ground running with the DTFL or must take say a month or so of training before commencing live trading? I mean for those already trading, is the course easily learned (assimilated} that you can even start trading it live in few days? I’m curious because I’ve been preparing to join DTFL after watching some of its public videos. I may not necessarily be rushing but I believe some should be in a position to move faster or is it time consuming to learn the strategy?

   Reply
   • Chris September 23, 2017

     Everyone has to start somewhere. Just keep in mind that opening a brokerage account with a deposit of less than $3,000 (preferably $4,000) will likely get you added to the B book. That means your broker will trade against you and hunt your stops because they expect you to lose anyway. After all, if you were a successful trader, why would you open a trading account with such a small amount of money? This isn’t really much of a concern with this system, though. DTFL is a smart money trading system, meaning it isn’t as susceptible to broker shenanigans as other systems may be. We don’t get in until after the stops are hunted.

     Also, keep in mind that using starting account size for B booking is just a guide. Brokers can and will move you to the B book if you’re unprofitable regardless of the size of your account. You can also be moved to the A book with a smaller account. It all depends on how well you trade.

     The system itself is easy enough to learn, but I don’t recommend trading live until you get plenty of demo experience. Even then, you should start by risking as little as possible. You do this to prove to yourself that the system works. You’ll need that confidence in the system during periods of drawdown. You need to have the fortitude to keep trading the system, even through periods where it’s not getting much traction, in order to let the edge that the system creates play itself out over a large sampling of trades.

     If DTFL is your first trading system, you’re very lucky. Most of us had to try a lot of bad systems before we found DTFL. Just ask plenty of questions. Make sure you’re trading it correctly and listen to Sterling. Good luck!

     Reply
     • Zat September 23, 2017

       Chris, sure what you’ve written is a great reply to me. You’ve given me an insight on what DTFL would likely be giving me when I join. 1. I also love that bit on Brokers grading one into the B group. Sometime you need to start small before being comfortable with a strategy. I’ve observed what said on the Brokers, starting at $1000, $2000 was not quite comfortable as with $10,000. I could see some tricks with smaller amounts more so you’re forced to take micro lots because of the small account size thereby trading against a Dealing Desk,market maker. 2.You know I have been confused as whether to go for Trader Dale’s (TD’s) course or DTFL because the two strategies appear close, more so Sterling introduced him that they’re working together on the TD’s while he’s still with Chad at DTFL. Have you ever had an opportunity to assess TD’s strategy or talk to some who’re using it right now. I know for sure DTFL is a one-off lifetime payment while TD’s is a subscription based course. I’ll love to make a decision on my choice within few days. I’m attracted to the two as Sterling is also involved in TD’s though may be not too deeply as with DTFL. Can I hear from you very soon?

       Reply
       • Chris September 23, 2017

         I’m glad I could help you. I haven’t had the chance to test Trader Dale’s course. I can only speak for DTFL personally. Maybe I will get a chance to test TD’s course in the future. Right now, I’m working on other things.

         Reply
9. dogiangnam September 29, 2017

   Hello sir, i am interesting in DTFL. Is this robot ? it can trade automatic? which broker does it support? how much i do pay per month for this EA? Because i do not know DTFL how to trade ? i can use it for small acount less than 1.000$ if it is ok i wil make account bigger

   Reply
   • Chris October 5, 2017

     Hello. DTFL is not a robot. There is an EA that you can use to trade the initial levels automatically if you choose to, but it doesn’t work on any secondary levels that may form unless you are there to readjust the EA to the newly formed levels. The DTFL system will work with any broker and any size account.

     Reply
10. David October 6, 2017

    Hi Chris,

    Thank you for your review of Day Trading Forex Live. I do have a couple of questions regarding the course. More specifically, I am interested in this and Top Dog Trading courses and I was wondering why you would recommend Day Trading Forex Live over the Top Dog Trading? What are the advantages of this course over the one? Does the Trading Forex Live have a high strike rate just like Top Dog Trading?

    Reply
    • Chris October 7, 2017

      Hello, David. As far as strike-rate goes, it depends. DTFL uses one trading method, basically. Top Dog Trading, on the other hand, teaches several trading methods. Some of them, like the scalping techniques, will usually have a higher strike-rate than DTFL. However, strike-rate isn’t the only determining factor for profitability.

      Top Dog Trading is a more complex system. That means it’s harder to setup up and switch between the charts that you’re trading, it takes a much more hands-on approach to find qualified trades, and the complexity of the system means you will find fewer qualified trades during any given time period. To compensate, you will most likely trade many different currencies and time frames. That’s what I did. That will, of course, add to the complexity of the system and the screentime it takes to trade it consistently.

      With Top Dog Trading, there is no ongoing training, unless you pay for it. Even then, you get a few videos emailed to you each week. This would certainly be useful to new traders and traders looking to learn the system as fast as possible, but it’s a little lacking compared to other courses that I’ve taken.

      Contrast that with DTFL. You trade only two currencies (you can trade others). You only trade on the 15-minute chart and only during certain times. The charts are very easy to set up. The system is fairly easy to learn and implement, and it doesn’t take a lot of super focused screentime each day to trade it consistently. There is a member chat full of active traders (some of which are very experienced) to help you get up to speed and with your daily trading. There is a sense of community because you all take the trades together in the chat. The trades or lack thereof are reviewed at the end of each day, and the new levels that will potentially be used the following day are discussed. On top of all that, there are two live trading room sessions each week (during the NY session). There you can ask any questions you may still have and take trades along with Sterling live.

      Don’t get me wrong, Top Dog Trading is a good trading system. I learned many valuable lessons from that course that I still use today. However, if you can only do one or the other, I know you will get more out of DTFL and be more satisfied with that purchase. You’ll also be more likely to actually make money with DTFL for all the reasons I mentioned above.

      I’ll add a couple of caveats to that. If, for some reason, you can’t trade during the opening hours of the London session or NY session (you only need one or the other, but you can trade both) or if you can’t spend enough screentime each day to consistently trade on the 15-minute chart, Top Dog Trading might be the better choice for you. That’s because you can use the Top Dog Trading system on any time frame including the daily chart, meaning you can use Top Dog Trading as a swing trading system (checking your charts only once per day).

      Reply
      • David October 10, 2017

        Hi Chris,

        Thank you so much for reply to my message. I have decided to subscribe and be part of the DTFL community. Under what nickname can I find you? On the forum, I am there as “smirksy.” Since I am still quite new to trading and I am still learning, is it ok if I ask you some questions regarding the bank trading system down the road? I would highly appreciate it.

        Reply
        • David October 10, 2017

          Hi Chris,

          One more thing, I would just like to ask you if you only use the DTFL bank trading strategy or you use a combination of this strategy and the Top Dog Training strategy? Do you think it is a good idea to use both strategies at the same time or do you think it is a better idea to just stick to one system?

          Reply
        • Chris October 10, 2017

          Hello, David. I’m glad you decided to join. I’m “chris” at DTFL. I’d be happy to help you when I’m on, or you can contact me via my Facebook page: https://www.facebook.com/FXDayJob.

          In regards to trading two systems at once, I’ve done it in the past. Now I only trade the DTFL system. The advantage of using two trading systems is that you get more trading opportunities. However, using more than one trading system can also cause problems. For instance, you will eventually get conflicting signals. Which signal do you go with? You have to choose one or the other (unless hedging is legal in your country). As soon as you choose one, you’re not consistently trading the signals of the other. That can mess with the edge that the system provides, as both of these trading systems are mechanical (which is a good thing, BTW).

          Also, picture this scenario. You take a swing trade on Euro using the Top Dog Trading system. That’s great. Those are really good signals. However, now you cannot take another trade on the Euro until you have closed this swing trade (again, unless you can hedge or aren’t affected by FIFO).

          In short, if your country hasn’t tied your hands, it’s perfectly fine to trade two systems at the same time. Just make sure you’re consistent with both. Unfortunately for me, this isn’t the best strategy. I hope that helps. Good luck!

          Reply
11. Zat October 9, 2017

    Chris, I found your site sometime ago, read through and asked you two questions about DTFL which you answered well. Unfortunately, I couldn’t locate your site again as I had challenges. Just today I’m able to search and successfully reach your site. I must commend you because you made me join DTFL. I’m just few days old. It can be overwhelming at the start especially when you’re trying to understand the terminology of a group or community. One very positive thing I’ve seen is that it’s a lifetime on-going training course with criteria that are adapted as market conditions keep changing. Another advantage is that two days in a week it’s done from a Live Chart and trades are taken in Live Market during this, while you’re guided by a Daily Market Review based on previous day’s market . There are criteria for levels which a student needs to learn and this is possible in few days, in fact for an already experienced trader they already know how to get them. I’m only new but I’m believing the system will be profitable. As Ster says if trading is not boring to you then you might not be trading right: those two default pairs may not have setups for days or weeks. What do you do? Move to other pairs and apply your knowledge of DTFL. Thanks Chris, you’re a good man.I just felt I should support you. How do I link up with my DTFL Senior Member(you) personally?: I need it. Facebook? What’s the link?

    Reply
    • Chris October 10, 2017

      Thanks for the kind words, Zat. Most other members do trade other pairs, so they get more trades and rarely have a slow month. I just stick to the Euro and Pound. If you are going to trade other pairs, I would just advise you to trade them consistently. In order for the edge the system provides you to work out, you need to take all qualifying trades on your selected pairs. In other words, I wouldn’t advise trading extra pairs during certain times (like when you’re not getting enough trades from the two default pairs) and not others. Just be consistent. You can contact me via my Facebook page if you need to: https://www.facebook.com/FXDayJob.

      Reply
12. Jon October 30, 2017

    Hi Chris,

    Thanks for the review and I love the blog. I have some questions about this program as I’m thinking of getting it under your link:

    1) You said a lot about timing in the comments. Am I right to say that the best timings are the beginning of the London and beginning of the NY session. You wrote that somewhere. But could you be more specific? THe first 30 minutes or the first 1 or first 2 hours of each session?

    2) Would this work in the Asian session? And would this work at other times of the NY/London session (i.e not the beginning of both these sessions)

    3) What time is the live trading room exactly and how long does it last? Also, is it still being held every Tuesday and Thursday?

    4) You mentioned Infinite Propsperity – that you could work only 20 mins per day on the system. How many pips would that yield per month? What would be the percentage wins for this system on average?

    5) And how many pips on average would you get from DTFL system per month? What would be the percentage wins on average?

    6) How many hours per day on average do you trade with the DTFL system. And what other systems do you use and how many hours per day do you use on the other systems?

    Thanks for your help 🙂

    Reply
    • Chris November 1, 2017

      Hi Jon,

      1) The London session is generally more volatile on its own than the NY session is on its own. However, peak volatility for any given trading day usually occurs when the London and NY sessions overlap. That period is commonly referred to as the “Power Hours”. It’s not the first 30 minutes to several hours in particular that make these two sessions good for trading. I don’t think I ever said that. A well-qualified trade could come late in these two sessions just as easily as it does right after the open. As far as the specific hours that Sterling uses to trade his system, that is proprietary information that you will learn when you sign up and study the course.

      2) As I mentioned above, Sterling’s system works throughout most of the London or NY sessions. It is not designed to work during the Asian session.

      3) The live trading room is 9:15 – 11:00 AM Eastern, Tuesday and Thursday.

      4) I don’t count pips. I never have because pips don’t matter. I could make a lot of pips swing trading and only make a few percentage points on my trading account. I could also make much fewer pips trading the 15-minute chart, yet make a larger profit relative to my account. Profit and loss are what matters. If you’re really interested, I guess you could check out my 100-Trade Test of Infinite Prosperity.

      5) As I mentioned above, I don’t count pips. I’m recommending DTFL because I make more money more consistently using Sterling’s system than I do with the other systems that I’ve recommended. That’s my personal experience. If you can’t commit the time to trade the DTFL system consistently, Infinite Prosperity may be a better choice for you. Both systems average about a 50% strike rate in my experience (with DTFL going as high as 65% during certain periods).

      6) I trade the DTFL system during the “Power Hours” of the NY session (4 hours). If a trade is taken late during that period, I may have to check back to close my trade before the NY session ends. I’m not currently trading any other systems.

      Great questions! I hope these answers help you make a decision.

      Reply
      • Jon November 2, 2017

        Thanks Chris for your reply.

        Maybe I’m a bit of a newbie or naive, but could you explain why pips don’t matter? Wouldn’t pips (nett profit) mean everything and the more pips the higher the ROI – all other things being equal (lot size, etc.)? Unless you’re not talking about all else being equal? Could you care to explain a bit more?

        Also, if both systems give about 50% strike rate, what is the risk/reward ratio?

        Reply
        • Chris November 8, 2017

          All things are never equal from one trading system to another or one technique to another. If you’re making pips, then you’re making money. However, when you’re comparing systems, comparing pips gained is useless. One system could make more pips but make less money, as I explained in my last reply.

          With DTFL, the planned reward to risk ratio is always 2:1. Your actual reward to risk ratio can vary because some traders (like myself) move their stop loss to break even, and we also exit early at times depending on upcoming news events or market hours. With Infinite Prosperity, you never start with a set reward to risk ratio. Instead, you use a stepping stop loss system from the start. I hope that helps.

          Reply
13. Bill December 6, 2017

    What time of day are the “initial levels” determined and posted and when are the “secondary levels’ you refer to posted? I ask this as I’m interested in trying DTFL but I have a full-time job elsewhere. I have no issue running EAs. I just need to know if the timing of this system works with my schedule.

    Also, for the Top Dog Trading strategies, are they completely 100% mechanical and can they be fully automated via an EA? Has anyone coded them yet? I code EAs and can code pretty much anything. However, my experience is that often times someone will say a system is 100% mechanical but then fail to mention all sorts of caveats they will employ which actually cause the system to fail. If there’s ANY discretion claimed with ANY of these systems, I’d like to know about it prior to putting my trust in the “system”. I often find even if the system is “99% mechanical”, that 1% of discretion can completely determine whether or not it works or not. Regardless, if there’s ANY discretion at all it’s not a system but a strategy idea, one which yields different results for different people depending upon what discretion they employ.

    Anyway, thanks in advance for answering my questions.

    Reply
    • Chris December 7, 2017

      Sterling posts the levels in the evening if you’re in the U.S. He posts them at different times, depending on what is going on in the market and what he has going on. However, they’re always posted before the London session begins, which would be the earliest that you’d need them. If you’re going to trade the NY session, and he hasn’t posted the levels by the time you go to bed, you would just need to get up earlier the next morning to input your levels. If you’re trading the NY session, you’d probably check in the morning anyway because secondary levels are likely to have formed during the London session.

      Secondary levels aren’t posted. They develop during the normal trading hours of this system (during the London or NY sessions). If you can’t watch your charts, you will miss these. If you’re trading the NY session, as I mentioned above, you would input any new levels that had developed during the London session into the EA.

      Both of these systems are as mechanical as they can be. Some things, like choosing support and resistance levels, are more of an art than a science. That being said, even Sterling’s method for choosing trading levels is as mechanical as it can be. You can’t program an EA to stay out of the market during certain types of news events. Luckily, with DTFL, you can benefit from Sterling’s experience in the market (nearly 20 years I believe) on a daily basis. With Top Dog Trading you are more or less on your own.

      I believe it would be difficult to program an EA based on the Top Dog Trading system because of the use of multiple charts for fractal energy and because I’ve never seen an EA that can beat the human eye and experience when it comes to drawing significant support and resistance levels. The good news is that not all of the Top Dog Trading strategies require multiple charts and support and resistance levels aren’t as critical to Barry’s (TDT) strategies as they are to Sterling’s (DTFL).

      Reply
      • Bill December 7, 2017

        Thanks for the cogent response. With respect to “You can’t program an EA to stay out of the market during certain types of news events.”, actually, you can. All one needs is a timestamped listing of news events. That’s easy to get at ForexFactory and elsewhere.

        On that note, does the DTFL Pro EA not exit or prevent entries before big news events requiring manual attention to this?

        You mention elsewhere that some DTFL members only trade the strategy using the DTFL Pro EA. That would be my use case. Looking at some of the track record videos Sterling posts I see that some of the trades that get booked come from the secondary levels which the EA traders miss. How many trades per day/month in Sterling’s record are triggered via the primary vs secondary levels?

        Thanks

        Reply
        • Chris December 9, 2017

          Programming an EA to accept timestamped inputs and programming an EA to make intelligent decisions to stay out of the market during certain news events on its own (which is what I was referring to) are two separate things. Just like programming an EA to accept support and resistance inputs and programming an EA or indicator to choose significant support and resistance levels on its own are two separate things. My point is that EAs have their limitations. You can’t replace skilled human analysis with an EA, regardless of how well it’s programmed.

          I haven’t personally used DTFL Pro. I’ve only heard other traders in the members’ area and Sterling talking about it. I would imagine that you can tell the EA to stay out of the market during certain times because that’s part of the trading strategy. Sterling and the others wouldn’t use the EA if it didn’t have that kind of flexibility.

          As far as the record for primary vs secondary levels goes, you’ll have to ask Sterling or one of the other members about that. That’s not a metric that I track. I can only tell you that many days secondary levels aren’t formed at all, so I would imagine that more setups are taken from the primary levels.

          Reply
14. Ms Reesè December 10, 2017

    Hi CHris

    I really find your website full of very useful and down to earth information its very easy to understand. I am curious about the benefits of subscribing to DTFL as I am subscribed to a few price action forums and supposedly trade set ups however to this day they are very much hit and miss, I am looking for a genuine high probability service and trade set up. Would DFTL be that one? At present I am trading and have been trading naked price action for about 3 years now but it has not delivered consistent winning trades.
    Thanks Reesè

    Reply
    • Chris December 11, 2017

      Thanks for the kind words. I had a similar start to you – trading naked price action. Although, I gave up on it much sooner. In my opinion, it is very hard to make consistent profits with price action alone.

      It sounds to me like you have good discipline already (sticking to your system for so long), and you’ve probably had enough trading experience to be past your rookie mistakes. I think DTFL would be a good fit for you. You’ll probably find the system and community to be very refreshing like I did.

      I wouldn’t necessarily classify DTFL as a high-probability trading system. Top Dog Trading is what I consider to be a high-probability trading system, yet I make more money with DTFL. That’s because strike-rate isn’t the only thing to consider when comparing trading systems. I will say that Sterling’s system beats any strike-rate I ever achieved with naked price action.

      If you’re thinking about it, I’d say just go for it – especially considering the sale price going on this month. Sterling’s confirmation entry is worth that price alone.

      Reply
      • Ms Reese December 11, 2017

        Hi Chris

        Thanks for the reply I am going to go with DTFL it does seem to have a lot of pluses over other systems. I do like the confirmation entry signal and also the community that if you are in a bad position at least you can get a answer why that trade should not be taken.

        Reply
        • Chris December 12, 2017

          Yes… the community is excellent, especially while you are still learning the system. You end up taking the trades as a group. Anytime I had a question about a setup, I would ask the other guys or someone would have already mentioned it. It takes the guesswork out and you can learn as you trade. Best of luck to you!

          Reply
15. Tracie March 26, 2018

    I just watched your video how to hide SL and TP from broker. After entering a trade and dragging ST and TP, I can see them printed on the ‘order’ line on my chart. Since I can see them, can my broker see them?

    Reply
    • Chris March 28, 2018

      I don’t think I have a video out about how to hide SL and TP, although I know it’s possible. You may be thinking of someone else. The problem with using an EA to hide your SL and TP from your broker is that, if your computer crashes or loses power for some reason, you’re fully exposed in the market.

      On a separate note, if you’re using the Day Trading Forex Live system, you shouldn’t have to worry about stop hunting by your broker anyway. We specifically look for clues that brokers are stop hunting and then get in the market (after the stop hunting) in the same direction that the big banks and brokers are going to move the market.

      Reply
16. lucas April 17, 2018

    hi sorry if this has already been asked but do you still trade this system profitably in 2018 ? thanks

    Reply
    • Chris April 19, 2018

      Yes. Me and plenty of others. This kind of system will work as long as brokers, banks, smart money, etc., are making money in the market… so forever.

      Reply
17. StopLoss April 19, 2018

    whoah this blog is fantastic i really like studying your articles.
    Keep up the great work! You already know, lots of persons are searching round for this information, you can aid them greatly.

    Reply
    • Chris April 19, 2018

      Thanks for the kind words. I’m glad you found these articles useful.

      Reply
18. Meier April 26, 2018

    Thank you for your reviews. I have bought TD, DFTL and IP through your links. Your reviews have been (very) useful to me and I don’t regret buying the courses.

    However I have a little thing to add to your DFTL review, because that’s what I miss and I think it’s important to know. Those who are looking for a well organized and clear course, may become very disappointed in DFTL. This is because the structure and organisation of the DFTL course is very bad. The course videos are of very low quality, confusing and not to the point. In one of his live rooms even Sterling himself advises not to watch his own videos, because they will lead to confusion. I think that says a lot. Personally I have learned the strategy from other members on the forum. And those members openly give in that they are not certain about the rules of DFTL themselves. Consider this as a FYI.

    One last thing: since a couple of months the member’s chat/shout box has been removed. So there is no shout box anymore. Also, Sterling does not stick at the Euro and Pound anymore, but he selects 2 pairs each day, which can be JPY, CHF or CAD to name a few.

    Reply
    • Chris April 26, 2018

      Thanks for the update, Meier! I’m glad I could help you choose some good trading courses. I hope you’re doing well.

      I won’t say that I disagree with you about the course being disorganized, as I have mentioned that before. When I joined, I watched 5 or 6 videos that were 45 minutes long to get the rules and theory of the trading system. Even then, I learned a few of the finer points of the system from the other members and the live trading room.

      However, I guess it depends on which members you ask about the system. When I was more active on the forum there were plenty of members who knew the rules of the system well. I certainly know them.

      It’s often the case that the best traders are not the best teachers, but I think Sterling does a pretty good job. Also, I recently received an email from Sterling related to the trading course. If you’re on the mailing list, you will have received it too. He is redoing the course to make it easier to understand. According to him, each video will be a shorter, high-quality video about 1 particular topic. That will make them easier to reference if you need work on a particular subject.

      The last thing that you mentioned is particularly interesting to me. I may start logging in on a regular basis again to see Sterling’s daily analysis on the varying pairs. That is a more discretionary way of trading his system, but that is exactly how Sterling actually trades it. As long as you’re following his analysis, I image the system is even more profitable.

      Of course, this won’t change much for those traders who were already trading a handful of pairs each day using Sterling’s system. The only difference is that you’ll get Sterling’s analysis on some of your other pairs.

      Reply
19. Meier April 27, 2018

    Thanks for replying. That’s correct, he is going to redo the course (videos). I think that is going to be a big improvement. However, Sterling likes to postpone things. The first videos were scheduled for April, but now they have been rescheduled for July,August….

    At the time you joined DFTL these first 6 videos may have been useful, I don’t know, but today the strategies taught in these videos are not used anymore. The official strategy is a totally different one. It took some time to find that out.

    Correct. Some members may know the rules well, but I want 100% certainty that these rules are right. There are a lot of forum threads, and same questions appear in different threads, but the answers given to these same questions are different and contradictive. Then there should be a person (preferably Sterling) saying what’s correct and what’s not, but that person is not present. So how to find out what’s correct? Difficult for beginners.

    I don’t think the analysis will be very different. He only wants to select the higher probability levels. Sometimes other pairs then Euro&Pound have better levels, and so he goes for those pairs instead. This approach may be more profitable, but it has to prove itself first of course. In the first week of his new approach there were no setups on the pairs he had selected. But at the same time, the Pound had a winning trade, which was missed….

    Reply
    • Chris April 30, 2018

      I’m sorry you’re having trouble figuring his system out. I would stick with it if I were you because it’s really not very complicated and it’s been consistently profitable for me since I joined in 2015. I recommend this system over the others for a reason.

      That being said, I talk to Sterling on a regular basis. You claim that the official strategy is “a totally different one” than the one I learned. I don’t want to send my readers to a system that I haven’t tested, so I emailed Sterling about this. Here is part of the response I got from him:

      “What I’m guessing is that he hasn’t been through the new member intro video that I direct everyone to. When they first sign up they get a specific set of instructions, that is listed as number 1 or 2. This video directs people to the course add on videos, which were the first/only updates I made to the course (2014). If he doesn’t understand the strategy then I’m guessing he hasn’t been through those videos. As a side note, if he isn’t emailing me questions then he should not be surprised that there is confusion.”

      According to Sterling, the strategy hasn’t changed since I joined back in 2015. In fact, there has only ever been one update to the rules of the system and that was back in 2014.

      If you’re unsure about the rules, you need to make sure you’ve watched the correct videos (as Sterling mentioned), ask questions during the live trading sessions, and email Sterling with anything that you’re unsure about. You’re not left to figure everything out on your own. I hope this helps to clear things up a bit. Stick with it. You won’t regret it. Good luck!

      Reply
20. Joe May 22, 2018

    I started my trading career in 2012, after a couple of months i stumbled upon DTFL and their follow the smart money approach really intrigued me. So i joined them exactly 6 years ago. At that time, besides Sterling there was another instructor Chad who wrote the daily commentary and trade the London session. His approach was a bit different from Sterling as he focused more on the trapping candle patterns rather than the confirmation entry. I was an advocate of Chad and I saw him as my mentor and will always be grateful for what he taught me.

    Unfortunately, as an inexperienced trader, we all want to look for the holygrail, so after a couple of years i didnt trade the DTFL method anymore. I started to learn the supply and demand strategy, the naked chart strategy. And during these few years results were quite mixed. I was lost for while and didnt enjoy trading. I finally realised that, there is no holygrail in trading, at the end of the day, trading is about consistency, and be happy to do what you do every single day. Thats when I decided to return to trade the DTFL strategy in the beginning of this year.

    Till now the results been great, I found the passion of trading again and feel happy. I like to the London session, when I learned the strategy from Chad back then, he taught a lot of tricks that the smart money do day in day out during the London session to trap traders before running price for the day. (Sterling deleted most of the Chad’s stuff from the site, there are still some of his videos from the youtube channel though) And thats the beauty of trading the London session, you are basically looking to pick the top/ bottom of the day and then ride it through the whole daily range, it gives a great reward to risk ratio as you can easily get a 3:1 or more RR on your trade.

    Even though Chad is not in DTFL anymore, I would still highly recommend anyone to join DTFL. The subscription fee is a bargain no matter how you look at it for such a solid and profitable trading method. True that Sterling has his own shortcomings that some have stated above, but no one is perfect, as an instructor I think he already does a lot better than most out there. DTFL might not be what you dream to be, but i doubt you would find better out there.

    Reply
    • Chris May 23, 2018

      Hey, Joe, thanks for commenting. I’m glad to hear that you stuck with it and are making some consistent profits. You’ve got a great mindset about trading, which I’m sure is a big part of your consistent success.

      We both started trading around the same time. I started at the end of 2011. I’ve tried supply and demand trading and naked price action trading as well (also with mixed results), although I got into both of those before I found DTFL.

      I agree Sterling’s DTFL membership is a bargain. For a one-time price that many “teachers” are charging for just an ebook, Sterling gives you daily ongoing education. Plus, the strategy is consistently profitable. I haven’t found anything that can beat it.

      I’ve thought about doing my own trading course several times since I started this site. About a year ago, I was all set to do it. However, I realized, given the limited time I have to work on this site and other factors, that I could not do a better job than Sterling is already doing. So… I’m still referring my readers to him. I don’t see that changing anytime soon.

      Reply
21. Nimi August 15, 2018

    hi chris. I am a beginner with an interest in trading forex. I just stumbled on your blog and I am green to forex trading. I am also a masters student.
    1. Which course will you recommend for training between DTFL and Infinite prosperity.
    2. How long on average do you think it takes for rookies to be able to have a grasp on the technicalties and intricacies of trading.
    3. How much do I need to start trading?

    Reply
    • Chris August 16, 2018

      Hi Nimi,

      1. I would definitely recommend DTFL if you can trade during the hours of the London or NY sessions.

      2. I can’t answer that question because each trader is different. It didn’t take me very long at all to learn the DTFL technique but I had already been successful with a couple other trading systems before trying it.

      When I first started trading, it took me a while to start seeing consistent profits. A big reason for that, though, is because I didn’t have a profitable trading system to start with. I kept trying to put together something on my own for the first 6 months or so and wasted a lot of time. That’s why I always stress getting together a good trading system and trading plan first and foremost on this site. Without it, you’re shooting yourself in the foot.

      You need a good trading system and trading plan and you need to test so that you have faith in your system when the inevitable drawdowns happen. If you start with some unproven system that you threw together and haven’t thoroughly tested, there’s no way you’ll survive the psychological pitfalls that spring up when you have a losing streak. I know I would have been successful sooner if I had started with something like DTFL.

      3. You don’t need anything to open a demo account and start testing and you can open a live micro account for as little as $50. The average micro account is about $250 – $500 to get started.

      Reply
22. Laurie Bowman November 3, 2018

    Hi Chris, your commentary has been helpful in tipping the scales for me….I prefer to swing trade and asked Sterling about it. This was his reply: “Anyway, yes the strategy we teach can be applied to longer time frame charts, but there would no doubt be certain changes necessary. Most of my members that go to longer time frame charts generally leave out cycle, and only trade stop runs from key manipulation points. While how it’s applied might need certain variations, the principal of the strategy will remain the same.”

    Have you been successful in switching over to the longer time frames? If so, what changes have you had to make to the strategy?

    Also, you say it’s a good system if you can trade the London and/or NY sessions. I’m only able to trade 11:00 a.m. to 5:00 p.m. EST; is that too limiting?

    And finally, twice in your review there’s a $100.00 off coupon code, but it doesn’t work when I go to Sterling’s website. What’s up with that? Disappointing….;-(

    Thanks,

    Laurie

    Reply
    • Chris November 5, 2018

      Hey Laurie,

      Glad I could help. I have never tried to trade Sterling’s strategy on anything but the default 15-minute charts, so I cannot add anything to what Sterling said.

      If you’re swing trading, trading session will not matter. You’d be taking your trades toward the end of you’re trading availability when the new daily candle starts. If you’re trading the 15-minute charts, you’d still be able to catch some trades that occur in the latter half of the NY session, but you be limited.

      The normal price of Sterling’s course is $379. This month, he has it marked down to $299 on his website. If you use my coupon code (FXDAYJOB in all caps), you can save an additional $20, bringing the price down to $279 (which I mention at the beginning of the review, i.e., “Save an additional $20 off the sale price!”). That brings the price this month to $100 off the regular price (which I mention at the end of the review, i.e., “Save $100 off the regular price!”).

      I also mention that it’s $100 off the regular price with the pop-up on this page, but I understand that most people just close that down before reading it. Also, if you’re browsing from your mobile phone, you will not have even seen the pop-up. Sorry for the confusion.

      Reply
23. Kev November 16, 2018

    Hi Chris!

    Are you still trading this system?

    Reply
    • Chris December 4, 2018

      Hi Kev,

      Sorry for the late response. I’ve been very busy with family/holiday stuff. To answer your question, DTFL is the only trading system that I’ve used in the last couple of years or so.

      Reply
24. Kev December 28, 2018

    Thanks for getting back to me Chris!

    Reply
    • Chris January 11, 2019

      Sure thing, Kev. Sorry for the late responses. I’m very busy this time of year. Good luck!

      Reply
25. Andy January 25, 2019

    Hi Chris:
    Can I use the DTFL strategy on the Tokyo & Austria session? Do you know any members doing that currently
    Thanks
    Andy

    Reply
    • Chris February 1, 2019

      Hi, Andy. Sorry for the late response. I’ve never heard of any students trading the Asian session with DTFL. It is designed to work during the London or NY sessions. I would try to make time to trade during those sessions if you can, because that’s when the best trading happens for many reasons. If you absolutely can’t, you might want to look into Top Dog Trading. I’ve used that system successfully in the past, and those techniques (especially swing trading) will work during any session.

      Reply
26. John March 15, 2019

    Hello Chris,
    I have a couple of questions.

    I know that Sterling posts about pairs on a regular/daily basis. Is it a variety of pairs? Or just the EUR/USD and GBP/USD?

    Is Chad still part of the community and writing regular posts? I know Chad trades the London session and commented on that session, where Sterling is a NY session trader.
    John

    Reply
    • Chris March 19, 2019

      Hello John,

      Sterling does his analysis on a variety of pairs now. Chad is not part of DTFL anymore, but there are plenty of other traders that still trade the London session. I started out trading the London session because it fit my schedule better at the time.

      Reply
27. alex buzby June 29, 2019

    Hi Chris,

    Thanks very much for your efforts here…… The trading world needs more helpful people like u ! This thread is very interesting.
    I am looking to get back into trading more seriously and it seems like this system has an edge.
    Not doing much at the moment, so can concentrate on trading.
    Couple of things i noticed here :
    1. I think I saw somewhere here that the strike rate for strategy was just above 50%. Little surprised there, since having (briefly) looked at
    Sterling’s video, I could see that he was trying to trade alongside the banks, and I thought an edge like that would give him a hit rate more like 70% or so ?

    2. You mention a return of 3-6% . That is ok, but for a day trading strategy where u have to sit there everyday, I was hoping to see a better return. But I do realise that u are only trading the NY session. I wonder if return can be increased by also trading the London session?
    ALso, I realise that u are risking just 1% per trade, so if one is a bit more aggressive, and say risks 2%, , then there is a potential to increase the returns. Mind u , with a strike rate of around 50%, perhaps 2% is aggressive, and obviously will lead to greater drawdowns….

    3. Somewhere above, I read that Sterling gives us the levels the night before. Does that mean that we have to rely on him to give us the levels at all times ?

    Any views on these ?

    Many thanks for your efforts….. keep up the excellent work !

    Al

    Reply
    • Chris June 30, 2019

      Hey Alex,

      Thanks for the compliment and your questions.

      1. Sterling does average more than 50%. The last time I remember him mentioning his strike rate, I believe he said he was somewhere in the mid-60% range. That’s Sterling, though. His experience allows him to step outside of the mechanical rules from time to time. He’ll be the first one to tell you not to try that until you’ve got a lot of experience in your market.

      2. I only trade the NY session, and I only trade the Pound and Euro. Most of the other guys trade a handful of other pairs, including Sterling. Most of them risk 2% as well. There have been months where I only made 1% or 2%, while other members made 6% or more. There have been good months where they make 15% to 20%. There have also been losing months (not often, but they happen) where I’ve only lost a few percentage points. They obviously suffer larger drawdowns during those months. I’m fine with what I risk and what I make.

      Yes, you will make more if you trade both sessions. Typically, one session will do better than the other, and it varies from month to month. I don’t have the time or patience anymore to trade both, but you’d have the advantage of always participating in the best market. Plus, you’d simply get more trades without loosening the rules or adding pairs that are more risky.

      3. Yes, Sterling gives us the levels the night before – always before the London session starts at the very latest. It’s helpful and there is a ton of stuff to be learned in those daily updates. However, once you learn what he’s doing, you can apply those techniques and rules and do it yourself. A lot of the other members do that with pairs that Sterling isn’t trading or didn’t mention.

      Sterling typically analyses the pairs that are most likely to give a quality setup, but anything can happen once the London session starts. It’s good to know how to do it yourself. You’ll just have to get in there and see what combination of ideas that you mentioned works for you. If you have a smaller account, I’d definitely try risking 2% and trading all the pairs that Sterling trades now.

      I hope that helps. Good luck!

      Reply
28. alex buzby July 1, 2019

    Many thanks for the detailed reply Chris. I will certainly consider this soon.

    Take care
    Al

    Reply
    • Chris July 7, 2019

      No problem. Good luck, Al!

      Reply
29. sari July 10, 2019

    Hi! How much time it will taken to learn the course? Also Which TimeFrame is used in course on trading?

    Reply
    • Chris August 4, 2019

      How long it takes obviously will vary from person to person. The course is not hard to understand, but there are enough qualifying rules that you may need to demo trade it for a week or two to make sure you’re not making any rookie mistakes. We trade the 15-minute charts.

      Understanding how to accurately pic trading levels takes longer to understand than the entry trigger, exit strategy, qualifying rules, etc. However, Sterling pics those for you each day, so you can begin trading the system immediately as you’re learning how to do that on your own.

      Reply
30. Jerry October 16, 2019

    I’ve traded Forex a bit but am really a beginner. Does this course give info. on how to set up MT4 and recommendations for a broker? Thanks.

    Reply
    • Chris October 22, 2019

      Hey Jerry,

      Sorry for the late response. This course is great for both beginners and experienced traders. Yes, you will get instructions on how to set up your MT4 for this strategy. Sterling doesn’t officially recommend any brokers for U.S. traders, but you can ask him or any of the other traders what they use and why. Good luck!

      Reply
31. Kwame Eaddy April 13, 2020

    Hello Chris, I am using Ninjatrader platform. I am trying to implement your Fibonacci extension and retracement tool strategy. Could tell if this is possible with Ninjatrader

    Reply
    • Chris April 16, 2020

      This page is not the correct place for this question, but you can manually mark your Fibonacci extension and retracement levels in NinjaTrader. If you’re looking for an automatic tool, I’m sure you could find something for NinjaTrader or have a programmer create one for you.

      Reply
32. Luke May 1, 2020

    Site is not opening. I’ve tried several times.

    Reply
    • Chris May 7, 2020

      It didn’t go anywhere. Just check back at a later time. That’s just the nature of web hosting for the majority of the world. Good luck with your trading!

      Reply
33. Gerald Patterson May 11, 2020

    Chris I’m curious if there are any traders using this strategy from the west coast of the U.S. It sounds like part of the strategy is trading during the busiest hours of the London and or New York sessions. The times for us in California are terrible. It’s either catch the opening of the London market at midnight or the New York session at 5 AM. Pretty grim alternatives. Any thoughts? Thank you.

    Reply
    • Chris June 6, 2020

      Hey, Gerald! I think we spoke on Facebook, but I’ll say this again for the benefit of anyone else reading this. Yes. You do need to be there for the London or New York session. This is a day trading system after all. It does require more flexibility in your schedule than a swing trading system.

      The trades won’t necessarily come early, but you will miss some if you can’t be there at the session open. That could throw off the profitability of this system. Often, the difference between a winning system and a losing one is one or two profitable trades per month.

      If you can’t trade the “power hours,” I suggest looking into something like Top Dog Trading, because you can use techniques in that system for anything from scalping to swing trading. That would probably fit your schedule better.

      Reply
34. Gerald Patterson May 11, 2020

    Sorry Chris but I had another question that I forgot to ask. Many trading methods are going through a tough time now, especially trend following strategies. How is DTFL doing in 2020 and especially during the last few months? Thank you.

    Reply
    • Chris June 6, 2020

      As I mentioned to you on Facebook, DTFL is a reversal strategy, so as long as there is volatility in the market, DTFL will work. That being said, I’m taking time away from trading to focus on other business. You’ll have to ask Sterling about the specifics of the last few months. Good luck!

      Reply