Daticks, the newest provider of portfolio and scenario analysis for traders, set the date of its first monthly trading competition at April 3, 2016.
The main requirement is that the contestants sign up with a live account, connected to the Daticks Pro type of subscription. It costs $29.95 per month, but those who sign up by March 12, get their first month for free. They will also be admitted to the trading competition.
Daticks notes that the contestants can sign up with any type of live account: for trading in forex, futures, stocks, CFDs or options, at any market and any broker; with one account or their whole portfolio, if so they wish. Anyone who signs up for the Daticks Pro subscription, is automatically entered in the competition.
The monthly cash prizes are five: 1st – $1500, 2nd – $750, 3rd – $400, 4th – $250 and 5th – $100 and Daticks promises that it will pay them out, without “hidden agenda” and “hoops to jump through”. The winners are determined based on a risk adjusted return.
The Daticks company was set up in 2015 by trading professionals with 10+ years of experience in the field. Its mission is to help traders improve their skills, by providing portfolio and scenario analysis of their trading.
To the Datics dashboard can be connected both demo and live accounts. The scenario analysis feature includes four types of scenarios: Equity Curve Moving Average, Expectancy Ratio, Percent Confidence and Win Rate. The portfolio analysis offers an overview of the portfolio, or drilled down details: account returns, risk metrics and trading statistics, as well as a performance chart.
You can see a sample account dashboard here.
So far the Daticks dashboard connects with all brokers using the MetaTrader4 platform. It also connects with NinjaTrader only via Interactive Brokers.
The Daticks website also offers a blog, maintained by the company founders. Besides the company news and announcements, it includes tips and tricks, trading strategies and advice, etc.