Forex

Day 13 – 31 January

I am going to take the unusual step of suspending this blog after just 13 days of testing. The main reason for this is the service feels like it is still under development. There have been so many changes, it almost a surprise when we start a day using the same system as the day before. Whilst when I started this trial I said I wasn’t interested in recent history, I have followed TEC since mid-December and my impression is that this has been the case since day one.  The final straw, for me, was the switch to “night time” signals after the first failure this morning.

I do have some other concerns, with respect to the chat, missed deadlines Paul himself set, missing results data and so on, that make me suspect Paul is still spread too thin. 11 hours trading then having to do the maintenance is a lot for anybody. I know he has support staff now, which makes it more irksome that facilities Paul has promised are still not available.

The News Trading system I have not tested and will not test. As I haven’t tested it I will reserve comment.

I will leave the door open for Paul. If, in a few months (say after Easter) the service has stabilised I, or some other cash-master tester, will re-examine the service. However, for now, I cannot recommend this service and have to file under FAIL. This is for the reasons are stated above more than for the pip loss, which may turn around and make a profit before the scheduled end of trial on 19^th February. For the record, the pips loss was 170 (adjusted) for signal-to-signal or about 541 pips when combined with a Scalp for 15 pips.

Here are my final figures:

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Today’s Summary:

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In Total:

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The total number of pips I have missed is something like 35.21 (£351.10) bringing the signal-2-signal loss to £1,689.54 (168.95 pips). I may have missed further signals but as the results are not available on the website I cannot confirm this.

You can join Trading Elite Club here:

http://www.cash-master.com/tradingelitemembership.php

Filed under Forex,Spread Betting,Trading by Arthur

Week 1 (to 28 January)

Commentator’s Curse has struck in the first week. The two open trades from last week both failed. This week there was also two trades for one loss and one profit.

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The 21 January trades are mentioned for completeness as they do not form part of this trial (because the signals were before this week and this is week one). Weekly and Overall Profit is £30.00. Unofficial profit for January though (with one trade open) is +£4,730.

Filed under Forex,Spread Betting,Trading by Arthur

Day 12 – 28 January

I must admit to not being a happy bunny today. It appears the main service was stopped at 11:03 to prepare for the news trading service for news at 13:30. This is not what I had expected from this service at all. I have no intentions of testing the news service system, from what I understand about it this is nothing new (a quick Google search found many hits of similar systems) that I have tested in the past. However, I have to watch the webinars to confirm, so I may be utterly wrong and owe Paul an apology.

Service closed at 16:00, basically because it is a Friday and to quiet to enter a new trade so late in the week.

Raw Data:

** stops moved to lock in a profit.

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Today’s Summary:

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In Total:

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The total number of pips I have missed is now something like 35.21 (£351.10) bringing the signal-2-signal loss to £979.19. I may have missed further signals this morning and await Paul to update the results data to confirm.

Filed under Forex,Spread Betting,Trading by Arthur

Day 11 – 27 January

From Paul’s data it appears I got all the trades on Tuesday. The variance between Paul’s data and mine widened a wee bit, with the average variance now at 2.79, or 0.79 after spread has been removed.

From Paul’s data it appears I missed trades for +48, -3, 0 and +3 yesterday. Using the new adjustment figure this equates to 36.83 pips. The total number of pips I have missed is now something like 35.21 (£351.10).

First trade today stopped me out of the Scalp 15 trade (and by inference the Scalp 10 too), but as Paul got better prices he managed to stay in. I have recorded these as loses.

Frustrating sit-on hands day, first trade was 9:45, and a long pause until the final trade.

However, there is a tale to tell on the final trade; Paul came on chat and informed everyone to prepare for a sell. The bongs came, and then the buzzer and I duly sold. However, Paul noticed that the arrow on the signals page still showed Close, so Paul informed us to scrub the trade and I closed at that point for a small loss as noted below. I do hope this technical glitch is just that. It has also to be noted that this scrubbed trade would have been a winner for about 8 pips with the Scalp 10 trade closing at profit target.

Service closed at 16:53 as too close to 17:00 to open a new trade.

Lastly; I have fixed the spreadsheet and believe that it now calculate profit and loss correctly. One other thing I did notice whilst doing this is; I am calculating profit based on Scalp 15 trade plus signal-2-signal. I added the pip totals together and multiplied by £10 per pip. However, this is not how I would trade these signals; it would be £5 on the Scalp and £5 on the signal-2-signal for a total of £10 when the trade is opened. This halves the overall loss. However, in judging just the signal-2-signal service, the trade here would have been the straight £10 per pip so this profit is now calculated differently. Sorry about this confusion, but making this change allows for fair comparison with other Cash-Masters ForEx reviews.

Raw Data:

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Today’s Summary:

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In Total:

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From Paul’s data it appears I missed trades for +48, -3, 0 and +3 yesterday. Using the new adjustment figure this equates to 36.83 pips. The total number of pips I have missed is now something like 35.21 (£351.10)(see Day 9 for details of other missed trades) bringing the signal-2-signal loss to £720.90.

Filed under Forex,Spread Betting,Trading by Arthur

Day 10 – 25 January

Posting this up early as I don’t expect to be online tomorrow because of a hospital appointment. Sod’s law, routine screening today has thrown up an issue and another medical appointment for Thursday, which was my only clear trading day. Still, best to get these issues cleared so I can continue this trial.

Due to other medical appointments today I may have missed some signals. Here is what I did get though:

Raw Data:

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No new signals after 16:24, although Paul did keep the service open until 17:00 just in case.

Today’s Summary:

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In Total:

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I think I might have an error in my spread sheet as -50-133+120-54 does not equal -76 (more like ‑126), and those are the totals for signal-2-signal. I have had a quick look but cannot see where the error has crept in. I will investigate further as soon as time allows.

Filed under Forex,Spread Betting,Trading by Arthur

Apologies, brain failure as my spread is 2 pips. Thanks Gino for brining this to attention.

Day 9 – 24 January

I was able to capture some signals today, so here is my experience.

Raw Data:

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Paul’s data for today suggests I missed signals for -26, +15, +6 and +6. My results seldom match Paul’s directly as I get different prices and Paul records his data before spread whilst I include spread. Where I did record results, Paul’s data broadly matches my own.

Today’s Summary:

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In Total:

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Now Paul has published his data for January, I can see that the average variance between his results and mine is 2.39 pips. As stated above, Paul does not record spread and I do, which is 2 pips. The remaining 0.39 is the difference between Paul’s prices and mine.

On Monday 10^th Jan I missed some signals. Using Paul’s data these were -17, +34, -4, +40 and +25. On Friday 21 Jan I missed -40. Today I missed -26, +15, +6 and +6, as stated above. Bar Friday, which was a full loss, I am deducting 2.39 pips per trade as this is the average variance in pips. This means I have missed +66.05 pips on the 10^th and -8.56 pips today. Adding these 17.49 pips to the signal-to-signal total means the adjusted loss for this aspect of the service so far is -49.21 pips.

Filed under Forex,Spread Betting,Trading by Arthur

Graham has asked me to trial a new ForEx signal service. This is so brand new that the sales page isn’t available yet! The signals are long timeframe, so this service is not expected to issue signals every day, but one to two signals per week is expected.

As the signal provider, Lisa, does not have a previous results page available, I am happy to quote the results for January to date as Graham has verified them. Profit uses the cash-master standard of £10 per pip. Until the sales page is up, this blog will run as a proofing service of Lisa’s signals.

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So £5, 860 for January so far with two trades open.

I will record results weekly and I expect an extended trial due to the low frequency of signals.

Filed under Forex,Spread Betting,Trading by Arthur

Monday.

I knew I was going to get a late start today, but my Mother’s medical situation has deteriorated overnight. Although not life-threatening I still need to get her to the GP urgently, so I will miss more signals today than I hoped. Thanks to the the people who have written to Graham with messages of support.

Sorry folks, I know people are very interested in how TEC performs, but it looks as though I am going to miss most of this week.

Filed under Forex,Spread Betting,Trading by Arthur

Day 8 – 21 January

Due to medical emergency with my Mother I missed Today’s signals. I do know that the first signal was just after 10:00, but I cannot determine the outcome of this and any subsequent signals.

Next week I won’t be available until mid-morning on Monday, and I am in hospital Tuesday afternoon, all-day Wednesday and Friday morning. I will capture what signals I can.

Filed under Forex,Spread Betting,Trading by Arthur