Today we come to the end of the trial for Dubai Strategies. I volunteered to trial the system because the author was confident enough to offer the system up for testing. It was, originally, going to be tested for 4 weeks but I was that surprised/disappointed with the results, after seeing what it has achieved in the past with back testing, that I decided to give it another week. I suppose that’s the nature of forex, or anything else, though. You just don’t know when the sunny days are going to arrive.

I’m pleased to say, however, that this is one system that does everything it says on the tin. I’ve wasted so much time in the past testing totally useless systems, so this makes a very nice change. I’ve communicated a lot with the author and he is obviously a trader that uses his own system, as opposed to the usual marketer that simply wants to sell systems. He seems very genuine and transparent. He also has a blog where he keeps an update of everything and buyers of the system also have access to his live trading room, which is handy to confirm trades.
I think the author was very unlucky with his choice of testing period as the results achieved are below the average. I’ve back-tested these systems before trading with my own cash and was very confident with the performance. Even though the results in the test were below par, a combined profit of 72.5% in a five-week period (with little drawdown) is pretty good by anybody’s standards and I’ve managed to secure a decent profit.

There are two basic systems within Dubai Strategies; the first is a day-trading scalp system where the author aims for 4% profit per day and the other revolves around the ‘open’ of the GBP/USD market in the morning and the ‘open’ of the EUR/USD in the afternoon. Whilst the scalping system is the most profitable, I particularly like the morning and afternoon system for their simplicity and ease of use. Once the trade is triggered you can basically forget about it for the day. There is an option to monitor it and adjust the stop to break even at a certain point but I prefer to set it and forget it (most of the time). I might add that this system seems to work very well with other currency pairs also, so I’ll be doing a lot more testing in that area. I’m sure that incorporating this with other currency pairs would make it even more profitable and I think the author is looking into this area.
The downloaded manual is easy to understand with plenty of illustrations. There was just one problem I had but after emailing the author he was super quick in responding, which might also confirm that he was actually sat at his computer monitering the charts.

I would be the first to dismiss this sytem if it was no good because of all the time, effort and money I’ve wasted over the years. Some of the sytems have come from established, reputable firms that should know better. I don’t know how they have the nerve to market such rubbish. However, I will be recommending that this particular system should be added to the approved systems’ list.

My only worry, if I was a buyer, would be that there is no guarantee offered. This might just be my acquired cynical nature. I can only presume that the author is worried about people buying the system and simply returning it for a refund. But I also suspect that the author is inexperienced in the area of marketing as the presence of a guarantee would invoke a lot more confidence. He is, after all, a genuine trader and not a marketer. I’ve mentioned this to the author and we’ll see if he changes the guarantee aspect of it.

If you are interested in forex I would highly recommend Dubai Strategies as an easy to operate and profitable system, particularly the morning and afternoon systems.

You can get Dubai Strategies here:

http://www.cash-master.com/dubaistrategies.htm

Todays meetings were at Fontwell and Musselburgh, the results were:

Potential Selections: 7
Selections Remaining (after EPs): 2

Bookie EP P/L: £20.00 (To date -£207.50)
Betfair EP P/L: £21.60 (To date -£203.50)

Bookie SP P/L: £17.50 (To date -£205.00)
Betfair SP P/L: £17.33 (To date -£201.22)

One winner from the two selections, gives a very decent profit on the day. Is the bank going to be turned around?????

Selections were provided for just the one race today, the results were as follows:

Profit for Early Prices: £7.36 (to date £158.43)
Profit for 2′ Prices: £5.58 (to date £110.67)

Small profit on the day, but a profit always welcome.

Day 4 - 7th feb

Not so hot today with only 5 selections and two of those losing

5 selection, 3 winners loss of £7.08

Overall 58 selections, 41 winners (71%) at an average odds of 1.50

Day 3 - Sat 6th

A good day: 15 races, 13 wins for a profit of £31.02.

Overall 53 races 38 wins (72%) an average odds of 1.51 for £24.99 profit.