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Doug Wheatland

July 13, 2017

2 Minute Trader Plus

This is the first report on the 2 Minute Trader Plus which, as its name implies, is a system for trading on horse racing that employs software to select horses to be backed in the evening, generally either favourites or those near the head of the market, that have an excellent chance the following day of dropping in price and thus be layed to lock in a profit regardless of the outcome of a race.

The system will set you back a rather chunky £79.96 per month and for this you will receive a comprehensive instruction manual, 4 short videos together with a calculator to find the size of the lay bet and numerous screen shots of worked trades to guide you through the whole procedure. Up to 6 trades for the following days racing are sent out via e-mail between 6-9pm together with the target price/next best price that should be backed with the specified bookmakers offering “bog” prices. The following morning between 10am and 11am you will receive an overview email advising on the prices to target for the Lay side of the trade.

So you will need to open accounts with the leading bookmakers that offer “bog” prices and a Betfair account to handle the lay side of the trades. Although the system is called 2 minute trader it will in practice require a few minutes more work but with practice no more than say 5 minutes in the evening and 5 minutes or so for afternoon racing and potentially another 5 minutes for evening races. However you do not need to chain yourself to a computer screen all afternoon/evening and this will be a major advantage for many.

The claimed accuracy of the system in their marketing is 70% with a further circa 10% breaking even and 20% going on to lose. The losses however, if handled correctly (i.e following the manual’s instructions), should limit those losses to typically 10% of the initial stake. In practice then, assuming say £50 back stakes, this will produce on average circa £7-15 profit a trade after Betfair commissions and you receive on average 100 trades a month then you should be looking at:-

70 x typically £10 per trade profit = £700
10 break even trades  =£0
20 losses x £5 (10% of typically £50 stake)= £100

Total gain £600 minus monthly fee = Profit £520 per month

The results published in the members area for the 545 selections from 2 February to 12 July actually support the above calculations and indeed are slightly better with some 82% of the trades being wins and 16.5% losers. Using £50 back stakes a profit of £3,740 was made.

It would be realistic to start out with a £500 betting bank to cover the placement of the back/lay bets.

Obviously the major worry for potential users of 2 Minute Trader Plus is the bookies closing down your accounts.

However you will be backing selections that are either favourites or those near the head of the market and this is what bookies expect from typical “mug punters”. The authors of the system have also put a fair amount of time into providing specific detailed actions on how to further minimise account closure happening. Of course over the longer term and dependent on how many people take up this system they cannot guarantee that this will never occur.

I shall publish next week the results of my first 2 weeks experiences using the system.

You can try 2 Minute Trader Plus here:

http://www.cash-master.com/2-Minute-Trader.php

Filed under Horse Racing Systems,Trading by Doug Wheatland

4 comments

The Betfair Cash Out Trading Method is a system for horse racing and as the title implies is a trading system that can be employed on all three codes of racing. Betfair Cash Out comes from the prolific system designer Malcolm Pett (The Grey Horse Bot). The system will require a Betfair account and can be considered a first step for future Betfair traders or a relatively simple method to follow in its own right.

Currently the price for the method is £97 and for this money you get the manual in PDF format and a series of “how to” supporting videos. Malcolm’s potential tips for races to trade in every day are also provided for one year from date of purchase. There is no refund because once you have read the manual you essentially have the system.

Without revealing how the system works – it does as the name implies employ the Betfair “Cash Out” button – so the user has to be sat in front of a computer for all of the qualifying races that one has decided to trade on. The aim of the system is to trade on price movements then use the Betfair Cash Out Button to bank a profit before a race starts. Therefore if you are not able to set aside time in the afternoon, or indeed if desired the evenings in the summer, then Betfair Cash Out will not be suitable. The main aim of this trading system is to hit the Cash Out button to achieve a suggested 2.5% profit per selected race.

This review is a “one off” because although there are a general set of rules to apply it does not necessarily follow all users will employ all of the more detailed additions to the rules or indeed be able to set aside the time each day required for trading and thus all trade the same races.

The manual is very easy to follow, the rules are also easily understood and put into practice. I went through 10 videos as well as reading through the manual twice before attempting to jump onto Betfair and start trading. Malcolm’s videos are quite entertaining as well as useful with many examples of the method being put into action. Having stated the rules and indeed restating the rules to follow he then proceeds in several of the videos to break some of the rules to go on to make profitable trades.

It is a fact with this system that the more time you spend going through the videos and re reading the rules to ensure they are firmly fixed in your mind the more successful you will become. The number one priority is to put in a “stop loss”- as a protection of your stake in the event of trade going against you. This action will limit the potential loss to much less than your initial stake and must followed at the start of every trade.

Over the 8 day period 2nd July – 9th July I was conservative in my use of the rules, only trading in the afternoons and found on average 3 races a day I felt would be suitable for profitable trades. I was able to trade using my criteria on all three codes during the period.

As this particular method was new for me I used the minimum Betfair £2 stake per selected race aiming to make circa 5p – 10p profit(2.5%-5%) per race. From 26 races I was able to trade out for a profit on 24 of them and on the 2 losers my “stop loss” ensured my maximum loss per losing race was 20p (a loss of 10% of stake).

This is not a “get rich quick” system but given time and experience in using the system it will be possible to increase the stake by allowing the trading bank to grow and thus increase the size of the stake and hence the profits.

I have no hesitation in giving Betfair Cash Out a pass.

You can get Betfair Cash Out Trading here:

http://www.cash-master.com/Betfair-Cash-Out-Trading.php

Filed under Horse Racing Systems,Trading by Doug Wheatland

0 comments

March 5, 2017

Forex Useful

This is the fourth and final report on the trial of Forex Useful and covers the period from 1 Jan 17 -15 Feb 17 inclusive.

A quick recap of the three methods utilised by Forex Useful are as follows:-

Pivot Trading-a method using a simple formula to calculate specific levels -”Pivots”from the previous day’s high, low and close.This is for traders who want to set trades in the morning and finish with them by early evening-”intraday trading”.Pivot trading provides “ a mechanical approach” and for paid members signed up to the Pro Membership offered at a one off payment of £295  the indicator for Entries/Stop Loss and Take Profit levels with an alert system for some 40 pairs is provided plus weekly updates looking at possible trades for the following week.Statistically using this system an approximate annual 40% return on investment is claimed.

3 Little Pigs– a method for trades over the longer time frames again “a mechanical approach” and for paid members an indicator for Entries on 8 pairs.The concept here is to enter trades at a suitable point when a currency pair is showing a strong trend in one direction and then ride the trend to maximise profit.This system is not a “set and forget” strategy and does require more from the user than Pivot trading.

PAST– This system for want of a better expression sets out to educate a would be trader in the art of “conventional trading” where the idea is to win big and limit losses to small sums.The manual will take longer to absorb and watching the weekly workshops really will help to understand the Price Action Strategy.

For this trial I have concentrated on Pivot Trading. ,which I believe would be the logical starting place for a newcomer to Forex Trading.

So for the final period I had a very slow start in January with the pairs I had selected to monitor and “sods law” came into play with my first 3 trades of the New Year producing 3 losses.However by the end of the period on 16 Feb I had a decent run of wins.

I have concentrated mostly on only 14 pairs and made my trading decisions based on the video lessons I watched in the Pro Membership area.I also tried out a useful “Risk Manager calculator” offered by the team  that automates the calculation of lot size etc when the desired percentage of the trading bank to be risked is entered.

My Results:-

12 Jan Eu/Au   -72 pips

17 Jan Nz/US   -2 pips

17 Jan US/Jpy  -60 pips

19 Jan Au/Jpy +56 pips

31 Jan Eu/US   +17 pips

3 Feb Au/Jpy    +22 pips

7 Feb Gb/Nz     +28 pips

7 Feb Eu/US     +40 pips

7 Feb US/CAD  +30 pips

7 Feb Eu/Au       +28 pips

9 Feb Gb/Nz       +69 pips

14 Feb Gb/Au     -64 pips

14 Feb Nz/Jpy     +19 pips

15 Feb Au/Jpy      +20 pips

15 Feb Eu/Au        +16 pips

A positive final period for the Pivot Trading and the place I believe should be the logical starting point for a newcomer to Forex Trading due to its “mechanical approach”. I would emphasise that even with the guidance offered by Pro Membership a newcomer should start  trading on a demo account for at least a couple of months to ensure that a thorough understanding of the system has been gained.

Support by either email or question and answer in the weekly on line workshops and their free e books is first class.

I have no hesitation at all in recommending Forex Useful to all newcomers or inexperienced traders  and after trying the various facilities and trading methods, in particular Pivot Trading, awarding Forex Useful a pass.

You can try Forex Useful here:

http://www.cash-master.com/Forex-Useful.php

Filed under Forex,Spread Betting by Doug Wheatland

2 comments

February 5, 2017

A-B System

This is the sixth and final report on A-B and covers the period 24rd Dec -31st Jan inclusive.

The system followed the Christmas/New Year break holidays and kicked into action on 3rd Jan.It was a busier month with 11 qualifying trades of which 8 were successful.

A quick reminder that we have used 0.1% of the daily opening trading bank per point and the starting bank was £1000 on 4 Oct 16

Opening Bank 28th Nov £1542.19

 3 Jan= 17 points = Bank £1568.40

4 Jan =18 points = Bank £1596.66

 5 Jan = 29 points = Bank£1643.06

10 Jan =25 points= Bank £1684.06

16 Jan = 4 points= Bank £1690.82

17 Jan=26 points= Banks£1734.76

18 Jan=44points= Bank£1811.32

23 Jan=-13points=Bank£1787.79

25 Jan=-52points=Bank£1694.71

26 Jan= 3points = Bank£1699.81

30 Jan=-52 points=Bank£1611.41

Closing Bank 31st Jan = £1611.41

 So January saw a gain of virtually 4.5% and since the trial began on 4th Oct 16 a total gain of 61% during the 4 month period.

Filed under Spread Betting by Doug Wheatland

3 comments

January 15, 2017

Forex Useful

This is the 3rd report on Forex Useful and covers the period from 3rd Dec to and inclusive of 23rd Dec.

A quick recap; I have chosen to concentrate on “Intraday Trading” Pivot Trading, one of the three methods that Forex Useful employ and support members using these systems with regular weekly workshops containing general advice on each system and performance to date. This is not a copier service being offered to those who become members, more a set of sound principles behind each of the 3 systems and guidance on how to employ these principles.

I scan my chosen 14 pairs every morning Monday to Friday at circa 07:30 looking for the best set ups based on the manual, the instruction videos  and the Indicator which displays possible Entry/Stop Loss and Take Profit for each pair. This indicator is available to members who have purchased the Prof – I also dip into the weekly workshop advice on the weekends as to how to maximise the chances of a successful trades. I then either place pending trades on set ups I believe will work or pass on the day. The whole business, with very little practice, takes me around 15 minutes maximum.

3rd Dec – 23rd Dec Pivot Trades:

All of the trades set were allowed to either run their course or stopped if the target profit had not been met by 17:00 on the day in question. Once more I had an excellent run of results suffering only 1 loss and coming out of the period well on top. I do believe that by limiting the pairs I monitor I am becoming more and more familiar with the behaviour of the pairs.

5 Dec Eu/Jpy  +38 pips.

5 Dec Eu/Usd  +32 pips

8 Dec Nz/Jpy  +32 pips

9 Dec Nz/Jpy  +10 pips

12Dec Eu/Jpy  +15 pips

12Dec Usd/Cad +13 pips

19 DecNz/Usd  +40 pips

20 Dec Eu/Usd +30 pips

22 Dec Eu/Au  +5 pips

22 Dec Nz/Cad +23 pips

I did not look at any further trades after 23rd Dec until the extended holiday period finished in early Jan 1.

Filed under Forex by Doug Wheatland

1 comment

January 15, 2017

A-B System

This is the fifth report on A-B and covers the period 26th Nov – 23rd Dec inclusive.

December was a quiet month for the system recording only 5 trades for the reporting period resulting in a very small loss of 2.6%. However the system still shows a very healthy gain since the start of the trial, at the years end a very respectable 54% gain for just a few minutes work every weekday morning.

A quick reminder that we are using 0.1% of the daily opening trading bank per point and the starting bank was £1000.

Opening Bank 28th Nov £1583.64

 1 Dec = -52points = Bank £1501.32

7 Dec= -22points = Bank £1466.30

 8 Dec = +28 points =Bank£1507.35

14 Dec =+7 points= Bank £1517.90

22 Dec=+16 points= Bank £1542.19

Closing Bank 23rd Dec £1542.19

So onto January 2017.

Filed under Spread Betting by Doug Wheatland

0 comments

December 6, 2016

Forex Useful

This is the second report on Forex Useful and covers the period from 12th Nov-to and inclusive of 2 Dec.

A quick recap of the three methods utilised by Forex Useful are as follows:-

Pivot Trading-a method using a simple formula to calculate specific levels -”Pivots”from the previous day’s high, low and close.This is for traders who want to set trades in the morning and finish with them by early evening-”intraday trading”.Pivot trading provides “ a mechanical approach” and for paid members the indicator for Entries/Stop Loss and Take Profit levels with an alert system for some 40 pairs.Statistically using this system an approximate annual 40% return on investment is claimed.

3 Little Pigs– a method for trades over the longer time frames again “a mechanical approach” and for paid members an indicator for Entries on 8 pairs.The concept here is to enter trades at a suitable point when a currency pair is showing a strong trend in one direction and then ride the trend to maximise profit.This system is not a “set and forget” strategy and does require more from the user than Pivot trading.

PAST– This system for want of a better expression sets out to educate a would be trader in the art of “conventional trading” where the idea is to win big and limit losses to small sums.The manual will take longer to absorb and watching the weekly workshops really will help to understand the Price Action Strategy.

I am concentrating on Pivot Trades as there is more”action” on intra day trading and this is probably the best starting point for relative newcomers to Forex Trading.

My results may not reflect others using the system for the simple reason that I may have chosen to trade differing pairs from the 40 something available and that are discussed in the workshops, and available to paid members.

I scan my chosen 14 pairs every morning Monday thro Friday at circa 07:30 looking for the best set ups based on the manual and the instruction video’s- I also dip into the weekly workshop advice on the weekends as to how to maximise the chances of a successful trades.I then either place pending trades on set ups I believe will work or pass on the day.The whole business with very little practice takes me around 15 minutes as I chomp through my Weetabix.

It is entirely possible to chose many more pairs but I am in the early days and I prefer to limit my choices so that I get to know their characteristics quicker.

To help with setting trades the boys behind the system are working on a Trades setting EA which will automate the actual trade placement together with the ability to chose the amount that will be risked.This will become available to paid up members soon when any bugs have been shaken out.

12th Nov -2ndDec Results of my Pivot Trades:

All of the trades set were allowed to either run their course or stopped if the target profit had not been meet by 17:00 on the day in question.I had an excellent run of wins and no losses at all.Whether this was due to increased experience or helped by the current events unfolding I don’t know but certainly the system is proving it’s worth.

15 Nov Eu/GBP +30 pips.

16 Nov GBP/AU +85 pips

28 Nov USD/JPY+65 pips

30 Nov Eu/NZD +40 pips

1 Dec Eu/GBP + 40 pips

So we move on with the rest of December ahead and gaining confidence with the system.

Filed under Forex by Doug Wheatland

3 comments

November 27, 2016

A-B System

This is the fourth report on A-B and covers the period 14th-25th Nov inclusive.

Back to the real world after the US Election with a win and a loss during the week commencing 14th Nov.Into the week of the 21st Nov and a small win on Monday then wins on Tuesday/Thursday.

A quick reminder that we are using 0.1% of the daily opening trading bank per point and the starting bank was £1000.

Opening Bank 18th Nov £1450.17 

14th Nov = -22points = Bank £1418.27

18thNov = +43points = Bank £1479.33

21st Nov =  +14 points= Bank£1520.77

22ndNov =+30points= Bank £1566.37

24thNov =+11points= Bank £1583.64

Closing Bank 24th Nov £1583.64 

A gain on the period of 9.2%.

 

Filed under Spread Betting by Doug Wheatland

0 comments

November 14, 2016

Forex Useful

Forex Useful has been around since 2013 -it is a two stage site for people who want to understand Fx trading and ways to profit from trading the Fx markets. Two stage in as much that there are 3 trading methods complete with e-manuals that are free to download and a second option to become paid members with access to an area where training videos, custom indicators for the 3 methods, weekly interactive workshops and enhanced advice on trading the 3 methods are available. The price of the membership is a one off payment of £295.

The three methods are as follows:-

Pivot Trading – a method using a simple formula to calculate specific levels – “Pivots” from the previous day’s high, low and close. This is for traders who want to set trades in the morning and finish with them by early evening-”intraday trading”. Pivot trading provides “a mechanical approach” and for paid members the indicator for Entries/Stop Loss and Take Profit levels with an alert system for some 40 pairs. Statistically using this system an approximate annual 40% return on investment is claimed.

3 Little Pigs – a method for trades over the longer time frames again “a mechanical approach” and for paid members an indicator for Entries on 8 pairs. The concept here is to enter trades at a suitable point when a currency pair is showing a strong trend in one direction and then ride the trend to maximise profit. This system is not a “set and forget” strategy and does require more from the user than Pivot trading.

PAST – This system, for want of a better expression, sets out to educate a would be trader in the art of “conventional trading” where the idea is to win big and limit losses to small sums. The manual will take longer to absorb and watching the weekly workshops really will help to understand the Price Action Strategy.

So for the trial I have decided to start with the intraday system and will be using PIVOT on the basis that it is the most simple and “immediate” of the 3 systems. I have watched the training videos which really are excellent and logged in to the weekly workshops available to those who have taken the Pro membership option.

My results may not reflect others using the system for the simple reason that I may have chosen to trade differing pairs from the 40 something available and that are discussed in the workshops, to others using the system.

1st-11 Nov Pivot Trades

1st November I found using the Indicator Alert and then observing recent behaviour of the relevant pairs/All of the trades were allowed to either run their course or stopped if the target profit had not been met by 17:00 on the day in question  :-

NZ/USD Short +42pips   GU/AU  Long +86 pips  EU/USD Short -36 pips

With the election in the US looming I waited until the 8th Nov and took the following trades again using the Alerts to sort through the many potential trades popping up on that morning :-

GB/AUD Short +140      US/CAD Short+67      EU/JPY Short +54    EU/NZ Short +86

So a very solid start to the trial although the first two weeks of November may not be really representative of the average monthly activity.We may have to wait another 4 years for a couple of weeks like those we have just lived through.

You can try Forex Useful here:

http://www.cash-master.com/Forex-Useful.php

Filed under Forex by Doug Wheatland

0 comments

November 12, 2016

A-B system

This is the third report on A-B and covers the period 1st-11th Nov inclusive.

The first week of November started brightly with a wining trade on the 1st but the rest of the week was a succession of non qualifying days.The second week of the month started with a loser followed by a non qualifying day but then the “Trump” effect kicked in with a whopping win on Wednesday the 9th and then winners again on the 10th and 11th.

A quick reminder that we are using 0.1% of the daily opening trading bank per point and the starting bank was £1000.

Opening Bank 18th Oct £1051.82 

2nd Nov = +45 points = Bank £1099.07

7th Nov = -52 points = Bank £1041.87

9th Nov = +281 points=Bank£1334.11

10thNov =+42 points= Bank £1389.97

11thNov =+43 points= Bank £1450.17

Closing Bank 31st Oct £1450.17

 So a very very nice gain on the period of 38%.

 

 

Filed under Spread Betting by Doug Wheatland

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