Davinci Donchian (formerly Nadex Solutions) Nadex Signals

DAVINCI DONCHIAN SIGNALS (formerly NADEX Solutions Trade Calls)

In response to overwhelming demand from Slick Trade members we’re delighted to offer the DAVINCI DONCHIAN HOURLY SIGNALS for the NADEX platform.

IMPORTANT: These signals are a modification and upgrade on the popular signals formerly known as NADEX Solutions.

As you may know the solid trade performance of these signals, 85% to 94% win rate, is based on trading them using the Support and Resistance method with the Donchian indicator template for MT4.

***Please note that our Expert Advisor runs on Oanda platform for currency pairs and IG for indices and can differentiate with Nadex indicative prices.  They are based on the high/low of the previous hour candle.

This is very important to note because it can affect trading results performance.  We highly recommend that you either:

1. Check your Nadex chart’s previous high/low of previous hour
2. Load the Tools Provided onto MT4, so that you have a clear visual of the trade setup and see what the Nadex Indicative difference is currently

You asked, we listened! In our continued commitment to providing the very best service for our valued members, we’ve taken care of the heavy lifting on your behalf.
NOW YOU CAN TRADE THE SIGNALS AS DELIVERED WITHOUT HAVING TO FIGURE OUT PREVIOUS SUPPORT OR RESISTANCE LEVELS.

1. RECEIVE THE TRADE via Fleep

2. LOGIN to your NADEX account

3. CHOOSE TOP OF THE HOUR EXPIRY (Example – a trade call is given from 1:00-1:30pm – you would choose 2pm expiry on Nadex)

If a signal is given at 15 before the top of the hour, then choose the next hour expiry (Example – a trade call is given at 1:45pm – you would choose 3pm expiry on Nadex)

4. Nadex Indicative Price – Nadex uses an indicative price, not actual price that is provided with other brokers.  Our EA is setup on the Oanda platform so strikes may not match up with that indicative price.  For all signals –

Buy – @ or below strike given

Sell – @ or above strike given

***Please note that our Expert Advisor runs on Oanda platform and can differentiate with Nadex indicative prices.  They are based on the high/low of the previous hour candle.

This is very important to note because it can affect trading results performance.  We highly recommend that you either:

1. Check your Nadex chart’s previous high/low of previous hour
2. Load the Tools Provided onto MT4, so that you have a clear visual of the trade setup and see what the Nadex Indicative difference is currently

5. ENTER WORKING ORDER – Or grab at market price! Many times, if you are patient or if you enter a working order, then you can get a more lucrative position. Our trade signals normally reach an ITM ($20 profit per contract) or ATM ($40-60 profit per contract) before expiration of the trade.

What is a WO?  WO means working order.  You can set a WO on the Nadex platform so that you get a good risk to reward for the trades.  If price reaches that WO then it fills automatically, instead of sitting and waiting for a good price.  Here is a good reference on WOs –CLICK HERE

How Do Other Members Prefer To Trade Your Signals?

Multiple Working Order Method

Many of our members prefer to set multiple WOs for each signal sent out.  This way, they are staying more profitable and by setting WOs, they do not have to sit around a computer all day chasing trades.

Example:

Dan prefers the Multiple WO Method and his trading plan allows him to take 10 contracts per trade.  He uses the following risk to reward plan for each signal:

80/20 – 2 contract

70/30 – 2 contracts

60/40 – 2 contract

50/50 – 1 contract

40/60 – 1 contract

30/70 – 2 contracts

If the WOs fill then great!  If not, then he moves on to the next trade.

(This is something you will want to demo before going live with, but it is a great approach to taking these trades…another thing to think about is that if a trade does go against you on the ATM level, the ITM trades can make up for a loss very easily).

Multiple Strike Method

Many of our member also prefer to take multiple strikes for each trade signal.

Example:

Susan prefers the Multiple Strike Method and her trading plan allows her to take 10 contracts per trade.  She uses the following risk to reward plan for each signal:

There was a signal sent to Buy EUR/USD at or below .7216

The strikes available on the Nadex platform that Susan decided to set WOs of 2 contracts at each strike –

.7200

.7208

.7214

.7218*

.7222*

She set a WO for each strike price with a risk to reward of 75/25, with the exception of the two that are starred.

She set a WO for 65/45 for the two that are starred.

The reasoning that she did this is because the signal was already quite deep ITM when the trade set up.  She took a look at her chart for a visual and saw that the previous support was at .7204, so she decided that she would set a lower risk to reward WO for the higher strikes because price may not have reached the other strikes.  (This is something you will want to demo before going live with, but it is a great approach to taking these trades).

Traditional Method

Many of our members simply stick to the traditional method of taking the trade  signals.

Example:

John prefers the Traditional Method and his trading plan allows him to take 10 contracts per trade.  He uses the following risk to reward plan for each signal:

Sets a WO of 75/25 or better for each trade signal – 10 contracts per trade.