This trading system is consistently profitable. I'm using it in my own live account.
This system is very affordable, especially when you consider all of the features and support.
Ease of use
The system itself is not very difficult to learn, but day trading can be time consuming.
Sterling offers the best support that I've seen in the Forex education industry thus far.
What I Like
- DTFL is a profitable trading system
- The members area is very helpful for verifying good trading setups on a daily basis
- The Daily Market Review provides great feedback for learning and trading the system correctly
- The Live Trading Room is a great place to learn and receive support in real-time
What I Don't Like
- Trading on the 15 Minute charts, as we do in DTFL, can be time consuming
- There can be few trade setups if you only trade the Euro and the Pound like I do
Summary: With a membership to Day Trading Forex Live you'll learn a profitable smart money trading system, which is most likely different than anything else you've traded thus far. This is, by far, my favorite trading system right now. I've tested it for over 8 months and started trading my live account using Sterling's techniques a few months back. Update: I'm still using this system profitably after more than 5 years.
Day Trading Forex Live has been consistently profitable for me through my testing and live account trading, which is why I put this Day Trading Forex Live review together. Keep reading to learn more about this unique trading system.
Lifetime membership only $297 right now! Use coupon code "FXDAYJOB" to save an additional $18 ($279)!
Offer ends April 30th!
My Day Trading Forex Live Review
Have you ever felt like, even if you know you're trading a profitable system, you still end up taking all of the losing trades and missing the winning trades? I know that feeling . . . Murphy's law at its best.
I would prefer to only swing trade if I could get away with it. The problem is that I haven't been able to find a swing trading system that can produce the returns that I'm looking for, so I've always day traded or supplemented my swing trading with day trading.
Unfortunately (or fortunately) trading isn't the only thing I have going on. I didn't have enough time in the day to do everything that I was trying to do. A few years ago, I started trying to find ways to meet my financial goals from trading without dedicating so much time to it.
Because of my increasing desire to spend less time in front of my computer screen, I started missing a lot of good trades. I had no problem taking the losers, though. Those little misses started to add up, and I was seeing less than stellar returns.
I needed something simpler than what I was doing.
I didn't want to go back to gluing my eyes to my monitor, and at the same time, I had tossed around the idea of testing another trading system for this site. If ever there was a reason to try something new, this was it. So early last year, I went looking for a new trading system.
Looking for a New Trading System
I tried a bunch of trading systems (I've tested over 100 systems at this point). Some I paid for. The most expensive one cost $997! Others I picked up at random places, like trading forums.
A couple of them showed some promise during my initial testing. I even started to live trade one of them, but ultimately, none of them were profitable in the long term.
Then, I found Day Trading Forex Live.
I really just stumbled upon the site. I was researching more trading systems on Youtube one afternoon. While watching a video about smart money trading, I noticed a comment mentioning Sterling's DTFL site. I usually don't follow links like that, but I'm glad I decided to that day.
I've tested and traded Sterling Suhr's advanced Forex bank trading course for 8 months. It's been consistently profitable for me during my testing and live account trading through varying market conditions.
Update: I'm still trading this system profitably after more than 5 years. This is now the only Forex trading system that I use.
I'm excited to tell you about Day Trading Forex Live, because not only is it a profitable trading system, but Sterling is also offering the absolute best ongoing Forex education and support that I have come across.
In this Day Trading Forex Live review, I'm going to show you why I'm still trading this system after more than 5 years and how it's different from anything else you've ever tried. I'm also going to tell you about why I think Sterling's system isn't going to be perfect for every trader. As always, your experiences may differ from mine.
Who Is Day Trading Forex Live For?
DTFL Is Perfect For You If:
- You want to know what really moves the market, and how to profit from it
- You're interested in getting an advanced, ongoing Forex education
- You could benefit from the real-time support of a live trading room
- You want to join a helpful community of successful traders
DTFL Is Not For You If:
- You're looking for a set-and-forget trading system, like a swing trading system, or a robot (EA)*.
- You don't have the patience to wait for good trading setups
*Sterling does offer DTFL Pro, which is an EA that is able to semi-automate his trading system (more on this later).
Many traders would prefer to check their charts once per day, which you can do with a swing trading system. The problem with swing trading is that there just aren't enough trades to make it worth the time, and frankly, worth having your money tied up in a trading account.
For instance, I tested one swing trading system that was actually profitable, but it would have taken me about 4 years to make only 30%. If you have a huge trading account, maybe that's worth your time. For most of us, it's not.
Day trading obviously takes more effort and time than swing trading, but the payoff (if all goes well) is higher returns. If you want to make those higher returns and you don't mind putting in the effort of day trading to get them, you want to join the Day Trading Forex Live community.
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What Is Day Trading Forex Live?
On the surface, Day Trading Forex Live looks like your typical day trading course and trading system. DTFL is a manually traded, technical, high reward-rate (HRR) trading system. The trading system is taught by video, instead of a PDF or webpage.
How Is Day Trading Forex Live Different?
Day Trading Forex Live is different from other trading courses that I have taken for four main reasons:
1. The trading system
2. The Daily Market Review
3. The Live Training Room
The Trading System
Sterling's Day Trading Forex Live trading system is different than anything I have ever traded before because the method is based on what is happening behind the patterns that appear on your chart - not the technical pattern themselves.
How will this help you? Have you ever felt like your participation in the market is part of someone else's money making business? Like no matter what strategy you use, the market seems to just be against you. Well . . . you're right!
Sterling's system will teach you how to trade with the smart money . . . the guys that actually move the market. You'll learn how to stop being the victim of stop runs, and how to start making money when the market makers do this to other traders.
Although sterling's system does use a certain price action rule set, that he calls the "confirmation entry," to enter trades, his method is not actually based on price action. It's based on the stuff going on behind the scenes to create certain patterns . . . patterns that the market makers use to lure average retail traders into buying or selling.
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The Daily Market Review
The Daily Market Review (DMR) is a great training resource. Each night Sterling talks about the trades that occurred the day before (if applicable), and he answers commons questions related to any unusual trading conditions that we experienced.
This is an amazing tool for learning his trading system, because you get daily feedback on whether or not you are taking the right trades.
In the past, I was involved in a stock trading that met weekly to discuss trades in a webinar, but the daily feedback from the Daily Market Review is head-and-shoulders (no pun intended) above anything else that I've experienced in terms of learning to trade the trading system the way it's intended.
In the DMR, Sterling also pre-selects the levels and pairs that he expects we will be trading the following day.
When I first signed up, he only pre-selected levels on the Euro and the Pound. Since then, he has expanded his duties to include pre-selected levels on any pairs that are looking primed for a quality setup.
Although I still only trade the Euro and the Pound, most of the other members trade many other pairs. They get many more trade setups than I do these days, but that's fine with me. Sticking to only 2 pairs limits my time in front of my trading screen (which is welcome for me) and it helps me trade those 2 pairs very consistently.
Either way you decide to trade the system, Sterling's DMR is an outstanding tool for learning the system and continuing to grow as a trader.
The Live Training Room
The last feature that I want to mention in this Day Trading Forex Live review, but certainly not the least, is the Live Training Room. Members of DTFL can join Sterling's live trading room twice a week (Tuesdays and Thursdays) during the New York session.
This is a great time to ask Sterling questions that may require a longer, or more in-depth, explanation. Sometimes it's just harder to get your point across in an email, which is why the live trading room is so useful.
At the same time, you also have the opportunity to ask follow-up questions in real-time . . . meaning you won't have to wait for hours or days to get your question answered to your full satisfaction.
If a trade setup occurs during the live trading room, Sterling will take the trade with us. Even when no setup is occurring, you can always ask Sterling for advice on levels that you are looking at on any pairs that you trade.
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What Are Students Saying About DTFL?
In this Day Trading Forex Live review, I've talked about what I like about DTFL, how it's been different than other courses that I've tried, and the success that I've had testing and trading the system in my live account.
Now that you know what I think about the trading system and course, take a look at what some of Sterling's other students are saying:
Do You Need Day Trading Forex Live?
Day Trading Forex Live is the most profitable trading system that I have tested and traded to date. Is it for everyone? No trading system is. It all depends on what you want to get out of a trading system, and what you're willing to do to get it.
Below are the Pros and Cons of using this system from my perspective:
- The trading system is profitable. I have to stress that, because most of the trading courses and systems out there are crap.
- The Daily Market Review reinforces the trading system. This is so useful to this system, especially in the beginning. Daily pre-selected levels will help you trade this system profitably.
- The live members chat is a daily lifesaver. The community chat at DTFL is helpful when you're learning, and I still check the shoutbox before taking any trades.
- The Live Training Room is great for asking questions. Getting real-time support from Sterling on upcoming or past trades is invaluable. You'll get up to speed fast by attending the live trading room.
- It can be time consuming to trade. Trading on the 15 Minute time frame, like we do in DTFL, can be time consuming. However, the simplicity and nature of this particular method make it less time consuming than other day trading systems that I have used.
- Not as many trade setups as other systems. Experienced traders go for quality over quantity. That being said, DTFL can provide few setups, at certain times, if you're only trading the Euro and Pound like I do.
If you're looking for strategies that provide lots of time freedom, you're better off choosing a swing trading system or an EA (although I've never tested and EA that was profitable on it's own). However, the returns are never going to be as good as a profitable day trading system, like DTFL.
Note: Sterling offers DTFL Pro for $59/month (plus a one-time setup fee). DTFL Pro is an EA that allows you to automate Sterling's trading system. You select the levels to trade from, and the EA executes and manages your trades while you're away. Many DTFL members use this software to trade the system while they're at work or asleep. I have not used it myself. I only mention it as an option to trade this system with a restrictive schedule or to simply provide more time freedom.
If you're interest in trading a profitable day trading system that is most likely different than anything else you've tried, and you want to trade it with a community of helpful and focused traders in a live environment, then Day Trading Forex Live is exactly what you've been looking for.
Summary: In my opinion, Day Trading Forex Live is the best Forex day trading system on the market. The support and daily feedback are second to none. The live environment and helpful community make learning and correctly trading this system easier than other systems that I've traded in the past.
I've been trading this system for more than 5 years now, and it has always been consistently profitable for me. At this time, I still haven't found anything better.
Lifetime membership only $297 right now! Use coupon code "FXDAYJOB" to save an additional $18 ($279)!
Offer ends April 30th!
79 thoughts on “Day Trading Forex Live Review”
Are you still trading this system?
DTFL is the only Forex trading system that I’ve used (although I’ve tested others) since 2016.
Thanks for getting back to me Chris!
Sure thing, Kev. Sorry for the late responses. I’m very busy this time of year. Good luck!
Can I use the DTFL strategy on the Tokyo & Austria session? Do you know any members doing that currently
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 Sterling’s DTFL Pro EA. If you can spare some time in the evenings to input the day’s levels, the EA could take those trades for you.
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.
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.
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 8%. 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 !
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!
Many thanks for the detailed reply Chris. I will certainly consider this soon.
No problem. Good luck, Al!
Hi! How much time it will taken to learn the course? Also Which TimeFrame is used in course on trading?
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.
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.
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. There’s not much to set up, really.
Sterling doesn’t officially recommend any brokers for U.S. traders as far as I know, but you can ask him or any of the other traders what they use and why. I can recommend OANDA. Good luck!
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
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.
Site is not opening. I’ve tried several times.
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!
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.
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 be at your charts during those sessions, Sterling does offer an EA that semi-automates his strategy. You just have to put in the levels that you get from Sterling or plot on your own. The EA will open and manage the trades for you.
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.
No problem. DTFL is a reversal strategy, so as long as there is volatility in the market, DTFL will work.
are you still trading with DTFL?
I have recently joined DTFL after reading your reviews.
Yes. DTFL is the only Forex trading system I’ve used in my live account since 2016. I’ll be sure to let you guys know if I find something better.
VERY pleased to find your reviews and info here.. I’m a total newbie, initially reading up on crypto-currency trading, when all my investigations finally lead me here. I’m not wedded to the idea of crypto, but I know absolutely zilch about FOREX! Do these strategies work in the crypto markets? (Do you know of anyone using them there?)
If not, I have to say I’ll start getting clued in to the FOREX markets with a view to trying DTFL.
Many thanks once again
The DTFL system is designed for the Forex market, although some of the concepts taught by Sterling will work in other markets.
Other techniques that I talk about on this site, like candlestick signals, support and resistance, and divergence, just to name a few, will work in any market.
I’ve traded in a lot of different markets. Forex has some nice advantages, especially for new traders, but you will need a good trading system.
Many thanks for the prompt response. And also for the clear advice. I like what I’ve read here about the possibilities with Forex, so I’ll set about finding out the basics. Do let me know if you recommend any particular book/website as an introduction to all matters Forex.
No problem, Peter. Good old “Youtube University” is a good place to learn the basics. You’ll probably get more from a basics video on Youtube than you will from a book in less time and for free.
“Forex Trading” by Jim Brown and “Forex for Beginners” by Anna Coulling are both good for beginners, if you’re looking for a book.
When you’re ready to start getting serious, I have a free price action course and lots of other detailed, technical articles on this site that are meant to help traders find an edge in the market.
Of course, if you want a proven, robust trading system to plug-in to, instead of putting one together on your own, you can’t do much better than DTFL.
Hope that helps. Good luck!
Hey Chris! Are you still with DTFL? Can’t find much review with them except for yours. Is the DTFL community active or practically dead?
I’m still using DTFL. The community is as active as ever. There are always new traders joining DTFL. Sterling is still live trading with the group twice each week.
Sterling doesn’t have an affiliate program, which is probably why you don’t see more independent websites talking about DTFL. There’s no financial incentive. You can, of course, find individual reviews in various places, like Forex Peace Army.
If you’re on the fence, I encourage you to give it a shot. You won’t be disappointed. Good luck!
Appreciate the reply Chris, will b using your referral code to sign up.
Can I also ask, what are some of the factors that made you stick with this way of trading (DTFL) for the past 5years+?
And also to what extent is this strategy considered “mechanical”? 80%? Askin is becos I’ve got decent experience in the market but couldn’t seem to put together a way to trade in a “mechanical” fashion – aka rule based
Thanks once again Chris!
There just aren’t that many trading systems that work long-term in the Forex market. I’ve tested a lot of trading systems over the years. Some of them work well for a period, but when the market conditions change, the system doesn’t work as well – or not at all. The DTFL trading system has just been consistent for me, so I continue to use it.
I’d say it can be 95% mechanical if you rely on Sterling’s daily levels. The only reason it’s not 100% is because sometimes new levels form during the trading period, and selecting the new levels is a bit of an art. There are mechanical rules for that, though. The community comes in big here for new traders. The ongoing education and live trading is also really good for teaching that skill.
Choosing your own levels is easy enough with some experience. Many of the community members do that for pairs that Sterling doesn’t cover.
Hope that helps. Good luck!
Hello Chris, I have been a DTFL member for 3 months. I’M still studying. Do you trade just eurusd and gbpusd? How many trades per month in average do you take in this 2 pairs?
Thank to you I’ve maybe found a robust trading system.