Frequently Asked Questions
About DT Software and Trading Course
This is your reference for commonly asked questions about the DT Software and trading course platform! Look through the topics below to find answers to your questions.
- What data formats does Dynamic Trader read?
- What real-time data feeds will Dynamic Trader work with?
- What happens if I purchase the DT7-RTE annual license and decide not to renew after a year?
- What markets can I trade with Dynamic Trader?
- Does Dynamic Trader Give Elliott Wave Counts on the Chart?
- But Isn’t Elliott Wave an Important Part of Dynamic Trading?
- What is the Dynamic Trader Trading Course?
- What is the difference between the High Probability Trading Strategies book and the Dynamic Trader Trading Course?
- What is included in the Dynamic Trader Software and Trading Course?
- How long will it take me to learn to use Dynamic Trader?
- Do I need to subscribe to a Dynamic Trader Report to learn Dynamic Trader?
- What is the difference between the DT Trading Course that is included with the DT software purchase and the Dynamic Trading Muli-Media E-Learning Workshop?
- What about addition trading education?
Q: What real-time data feeds will Dynamic Trader work with? Every DT owner purchases the EOD version for a one-time cost and has the option to add the eSignal RT annual license. There is also a RT option for DT users who already have Trade Station.
DT-RTE (DT with RT eSignal Data Feed): The DT7-RTE option is only available to owners of the DT7-EOD program. The DT7-RTE upgrade is available for a $400 annual license fee. You MUST have an eSignal data subscription to use the DT7-RTE feature. DT7 does not work with eSignal Live Charts or eSignal On Demand data or eSignal Advanced GET data.
As of the time this is being written, the three eSignal data subscription choices are Classic, Signature and Elite which varies from just $54 month to $359 month, not including exchange fees. As long as the eSignal subscription includes the eSignal Data Manager, DT can accept the data.
The eSignal data subscription is purchased directly from eSignal. DT does not provide the eSignal data subscription.
DT and Trade Station: DT is not a plug-in for Trade Station. DT is a stand along program. If you have Trade Station 8 or later, you can use our free TS data utility with DT7-EOD to update data for DT charts in real time from data on the TS charts.
The DT-TS Data Utility is included with DT7-EOD for no additional cost.
The DT Trade Station Data Utility is installed in TS like a custom indicator. It then collects and posts the data of the symbols in an open TS workspace to a file that is updated RT for DT. The DT TradeStation Data Utility is only practical to use if you are interested in a limited number of symbols and time frames because only those files open in the TS workspace will be updated.
We can only provide limited support for the DT-TS utility. We provide it free and do not use it ourselves but 100’s of DT users have used it over the years.
The DT-TS utility may not work with newer versions of TS.
If you are interested in RT data for many markets from many exchanges and many time frames, you should subscribe to the eSignal data subscription and DT-RTE annual license.
Q: What markets can I trade with Dynamic Trader? Any actively traded market including futures, Forex, stocks, indexes and ETFs. All of the analysis techniques and trading strategies Dynamic Trader is designed for are applicable to any actively traded market and any time frame. We have DT users in about 30 countries who trade the U.S. as well as their local exchanges.
Q: What happens if I purchase the DT7-RTE annual license and decide not to renew after a year? The software Unlock Code we give you for DT7-RTE will expire one year from purchase. If you choose not to renew the annual real-time license, we will provide you with a new DT7-EOD unlock code. The DT7-EOD program is a one time purchase and never expires.
Q: What data formats does Dynamic Trader read? DT does not provide data. Each DT user must have a data subscription. DT reads all the common EOD data formats. Also see below about DT and RT data feeds.
Please be aware that there is a difference between a data supplier (the company that supplies the data) and the data format (the format of the data supplied by the data supplier).
End of Day (EOD) Data FORMATS Read By Dynamic Trader V.7 (EOD)
Metastock, CSI, Worden Bros (TC2000 V.7), Telechart, ASCII, AIQ (DTA), Computrac, Mega Tech Pro, Tech Tools.
Worden Bros V.7 (TC2000 Data Format):
DT does not read Worden Bros RT data. That format is not provided to any third party software and is only able to be accepted by Worden’s™s own charting software. DT will only accept daily data from Worden Bros TC2000 to Version 7. It does not read V.12 or later data which is an entirely different format also not available for any third party software. Worden subscribers may have both V.7 and V.12 or later charting software on their computer so there is no conflict if you want to use V.7 to download data for DT and TC 2000 V.12 charting software as well. TC2000 V.7 is available to download from Wordon Bros.
Intraday Data Formats Read By Dynamic Trader V.7 (EOD)
DT7-EOD program will read intraday data files that are saved to your hard drive including ASCII and Metastock. The data does not update in real time. DT does not do any data management. It simply reads the data files you have downloaded to your hard drive.
DT7 eSignal Data Service
For the true real-time experience, the DT7-RTE upgrade for owners of DT7-EOD for a $400 per annum license fee. DT7-RTE users must have a data subscription to eSignal to read the eSignal RT data. For more details of DT with eSignal RT data, see What Real Time Data Formats Work With DT below.
DT-Trade Station Data Utility
We also provide a special DT-Trade Station data utility with the DT7-EOD program that will post the data from Trade Station charts to your hard drive as an ASCII file. The data updates in real time on the DT chart. For more details of the DT-TS Data Utility see What Real Time Data Formats Work With DT below.
Q: Does Dynamic Trader Give Elliott Wave Counts on the Chart? Yes. As I explain in detail in the DT Information booklet and DT Tour Videos, there are clearly defined and useful Elliott wave patterns in most markets and time frames about 50% of the time. All so-called Elliott Wave software forces wave counts in all situations when no useful wave count exists from a practical trading perspective. This misleads traders and is cause for a lot of bad trades. DT has an E-Wave Scanner that scans a portfolio for probable wave counts and time/price targets and a Wave Band routine that shows the probable count and time/price target ranges on any chart.
Q: Isn’t Elliott Wave an Important Part of Dynamic Trading? Elliott wave is very simple once you ignore all of the so-called complex corrective wave patterns which are useless to traders. We teach the simple and practical approach to Elliott wave in our trading course material and videos and how to use the clearly defined Elliott wave structures to help make the time and price targets. Since there is a useful Elliott pattern only about 50% of the time in any actively traded market, we also teach you how to make the time and price projections and the trade strategies when there is no practical Elliott wave pattern. The DT Wave Scanner and Wave Band features automatically show the high probability time/price target ranges when there is a high probability wave structure that meets the E-wave guidelines.
Q: What is the Dynamic Trader Trading Course? Most software programs do not provide the user with the education to put the software into practice. We have a special section in the password protected DT Owners web site with a series of DT Trade Tutorial Videos to teach you how to best use the unique features of DT for practical analysis and trade strategies.
We want you to have a complete background of the analysis methods and trading techniques that are possible with the Dynamic Trader Software, so we have provided you with comprehensive Getting Started Videos and Trade Tutorials with the program.
We provide comprehensive training course videos with the program so users can learn all about Dynamic Trading at their own pace at home.
We are constantly adding more Trade Tutorials for DT Owners for an ongoing trading education.
Q: What is the difference between Robert’s High Probability Trading Strategies book and the DT Trade Tutorial Videos? The High Probability Trading Strategies book provides the foundational background of the Dynamic Trading approach to technical analysis and trading strategies. The DT Trade Tutorial videos that can only be accessed by DT7 owners go far beyond the book. The Training Videos expands on the time, price, pattern and momentum trade strategies taught in the book, and most importantly, teaches the user how to apply the routines and reports found in the DT7 software for practical trading strategies.
We strongly suggest you purchase the High Probability Trading Strategies book to increase your knowledge of the practical analysis and trading strategies we teach. The book is a good education for a modest price.
The DT Getting Started videos available to DT owners on their password protected site provide additional trading education unique to Dynamic Trader.
Q: What is included in the Dynamic Trader Software and Trading Course? The DT package is much more than a unique technical analysis software. It is a complete practical, educational experience. The complete package includes the Dynamic Trader Software, Dynamic Trader User Guide Supplements, DT Trade Tutorial Videos and a subscription to your choice of a DT Daily Report. DT Report subscriptions include your choice of the DT Futures Report or DT Stock and ETF Report or DT Trade Alerts. The DT Report subscription is an important part of the learning experience as you will see day by day how we apply the DT software and trading strategies to practical trading decisions in real life situations.
Q: How long will it take me to learn to use Dynamic Trader? Dynamic Trader includes many routines, particularly time and price reports and projections and multiple time frame momentum strategies, not found in any other program. That is why we supply a series of Getting Started and Trade Tutorial Videos along with the software program. We have taken a great deal of effort to make the DT Trade Tutorials and Getting Started Videos comprehensive and clearly produced. It shouldn’t take you long to master the concepts and routines provided in this unique software. While I can’t tell you exactly how long it will take to master this material, I can promise you it will be the fastest route to understanding multiple time frame time, price, pattern and momentum analysis and many of the trading strategies of this unique and comprehensive trading approach.
Q: Do I need to subscribe to a DT Report to learn Dynamic Trader? No. We give you a subscription free. We feel this is the best way for you to get up to speed learning our unique analysis and trading approach and learning how to use the software. No other technical analysis software vendor that we know of provides such a comprehensive learning package as Dynamic Trader which includes a complete trading course and subscription to one of our educational and advisory reports. We want you to quickly learn how to master Dynamic Trader and make practical trading decisions in the quickest way possible.
If you are a current subscriber to a DT Report, we will extend your subscription by the amount included with your Dynamic Trader purchase.
Q: What is the difference between the DT Trade Tutorial Videos that are included with the DT purchase and the Dynamic Trading Multi-Media E-Learning Workshop? The DT Trade Tutorial Videos that are included with the DT purchase teaches the DT owner how to apply the unique features of DT for practical analysis and trade strategies. This videos and tutorials will give the user a firm background in DT features and application and trade strategies.
The Dynamic Trading Multi-Media E-Learning Workshop is a more comprehensive, 30+ hour accelerated learning workshop that goes into much more detail. This workshop is available for a 70% discount to DT owners at the time of purchase. Most new DT owners purchase this workshop at the time they purchase DT because it is offered at such a substantial discount. Not to sound trite, but if you want the complete Dynamic Trading learning experience to take your trading to a higher level, you should consider this workshop or our other educational home-steady workshops available for deep discounts to DT owners.
Q: What about additional trading education? Dynamic Traders Group, Inc. provides additional trading education material beyond what is included with you DT Software and Trading Course material. All of our trading educational courses are of the highest quality, produced with accelerated learning techniques and very reasonably priced. All additional educational material is available to DT owners at very substantial discounts either at the time of the DT purchase or any later time from the DT Owners password protected page.