11th June

A winner on the first trade:

Daily Profit: £200
Total Profit: £4260

Filed under Forex,Spread Betting by CashMaster

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June 14, 2010

Forex Net Trap System

A nice winning LONG to start the week, closed automatically when target reached.

Day

Date

Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit  £10/pip

28

Mon 14-Jun

Buy

£ 0.68

50

£ + 34.20

£ 1060.31

95.1

£ 951

Filed under Forex,Spread Betting,Trading by Arthur

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Two weeks to catch-up on.

Results for Monday 31st May – Sunday 13th June

Tyche Windfall
31/05/10 15:15 Leicester – Timocracy – WON @ 1.67 (£20.50)
03/06/10 14:40 Hamilton – Cawdor – LOST (-£32.20)
03/06/10 14:40 Hamilton – Newbury Street – LOST (-£32.20)
03/06/10 16:20 Lingfield – Fazbee – LOST (-£32.20)
05/06/10 16:15 Musselburgh – Fremen – WON @ 4.2 (£97.89)
07/06/10 14:45 Folkestone – Matsunosuke – LOST (-£32.20)
07/06/10 14:45 Folkestone – Silver Wind – LOST (-£32.20)
08/06/10 14:30 Redcar – Andorn – WON @ 1.9 (£27.54)
08/06/10 14:45 Salisbury – Kingswinford – WON @ 4.02 (£92.39)
09/06/10 20:35 Hamilton – Royal Straight – WON @ 2.92 (£58.74)

Weekly P/L: £136.06
Current Bank: £598.38
Next Stake: £32.20

Chrysos
5 selections – 1 WON, 4 LOST (£59.64)

Weekly P/L: £59.64
Current Bank: £222.63
Next Stake: £21.00

Filed under Backing,Horse Racing Systems by Alistair Moffatt

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June 11, 2010

Forex Net Trap System

A losing LONG today closed manually at published cut-off time.

Day

Date

Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit  £10/pip

27

Fri 11-Jun

Buy

£ 0.69

-3.5

£ – 2.40

£ 1026.11

45.1

£ 451

Filed under Forex,Spread Betting,Trading by Arthur

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June 10, 2010

Boss Trading Method

End of test review:

Well I have now completed just over 2 months of testing for this system so it’s time to write a summary of my experiences with this strategy.

Just to recap, the BOSS trading method is a mechanical and simple to use forex strategy, that aims to make small consistent profits that can be compounded into large profits over the medium-long term. It can be used by people with full time jobs and is easy to use, even for people with no forex trading experience.

The manual explains the method well and the author sends out regular emails to confirm the trades, all of which matched my trading results exactly. There is also a spreadsheet that comes with the manual that details the previous years worth of trades, which are also completely accurate based on my backtesting.

The total P/L for the 2 month trial period was -90 pips, or -£900 using £10 per pip stakes. Obviously this is very disappointing, especially considering the performance of the strategy throughout last year. For this reason I cant give the method an approved rating, however I feel the method should be put in the neutral section for now, and monitored over the coming months. This is because I do think that there have been some outside influences that have affected the market in question over the last few months which could help explain the strange results we have had, and the method could well achieve it’s previous success again in the future.

I will update again in the future if there is a significant change in the results, but until then, I will give the BOSS trading method a neutral rating.

You can get The Boss Trading Method here:

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

Filed under Forex,Spread Betting by Chris Jones

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10th June

During the turmoil surrounding  the proposed Greek bailout my chosen Zulutrade Signal Provider, ‘The Hunter’, made 38 pips from a few trades on a few Forex pairs then promptly proceeded to lose the lot on one trade leaving me just $5 in profit at the end of this trial period comprising more than two months of their trading my demo account.

A trial of this type suited me well because of the myriad of other responsibilities I have that severely restrict the amount of time I can devote to blogging systems and services and had it been successful it may have warranted further investigation.
I admit that I am still intrigued my some of the concept of Zulutrade, however, I have to  forge ahead with my own studies now.

The Signal Provider I chose to focus on (The Hunter) did not set the world on fire during
the trial period although apparently they had amassed Ca. 120 pips between 2/3/10 until last week when my third demo account expired – it is just that they didn’t manage it with
the trades placed on my demo account during that time. In fairness and to mirror Live Trading, I did apply modest trading restrictions to the account as mentioned in previous posts, in order to protect the demo funds just as I would have done if I were running a live account with them, nonetheless, just a few pips profit in over two months, and  three months if one includes the fact that The Hunter was on my first month Zulutrade list also but made just a couple of trades, is pretty shabby by any standard.

From examining the hundreds of Signal Providers on Zulutrade it is clear that many use
a trading strategy of holding on to floating losses (open positions) until they turn around into profit, although of course, the positions are not guaranteed to do so. Positions can be open for long periods, tying up one’s margin and thus funds, if one wished to move to another SP or quit Zulutrade altogether.

On Zulutrade I examined 50 ‘Performance’ pages with 75 SP’s on each (many Signal Providers operate under multiple usernames) and many of them show greater than 1000 pips drawdown and on closer scrutiny reveal that at any one time;

There are only 6 pages (Ca. 450 Signal Providers) showing drawdowns less than 1000 pips;
30 pages (2250 Signal Providers) with drawdowns of greater than 2,500 pips,
20 pages (1500 Signal Providers) with drawdowns of greater than 5000 pips.

Some have failed completely showing current drawdowns and losses into tens of thousands of pips and much more and this is a further issue; The Signal Providers basic trading competence not known. The onus of responsibility is wholly on prospective account holders and not on Zulutrade to police the Signal Providers themselves. One could argue that raw performance figures by Signal Providers should be enough to give one a good idea of their ability.
I would say that Zulutrade is an interesting and novel concept that has not quite worked for me although it may be working for others. Zulutrade’s home page claims that huge amounts of funds are being live traded through them by the Signal Providers on the site, though I have no way of confirming this statistic.
Thus whilst I cannot fully endorse signing up with a live account with a Signal Provider on
Zulutrade I feel someone with the time and patience could be rewarded by the odd gem of a Signal Provider but perhaps it requires some effort to try to filter out of their weaker trading areas whilst retaining the stronger aspects.
It was an interesting experiment, however, the rational side of me would probably find it extremely difficult  to permit itself to handing over control of finances to someone whose Forex ability and trading mentality could not be accurately determined, especially over such a short period of time.
Thus, whilst I like the idea in principle, my experience of Zulutrade has yet to wholly convince me that it will work for me in practice,  and further, that at this moment the shortcomings outweigh the positive aspects of the service and with that in mind I feel it only fair to apportion a Neutral rating to Zulutrades service.

You can try Zulutrade here:

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

Filed under Forex,Spread Betting by Jon

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10th June

A loser on the first trade:

Then a winner:

Then a loser:

 
Daily Profit:-£320
Total Profit: £4060

Filed under Forex,Spread Betting by CashMaster

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June 10, 2010

Forex Net Trap System

A losing LONG today closed automatically when the stop-loss was reached.

I had a talk with Graham yesterday and we agreed that as this system is only one bet per day we need to keep blogging the results of this for a few months. So I intend to keep this going until September, and we will review the position around then.

Day Date Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit  £10/pip

26

Thur 10-Jun bUY

£ 0.70

-30

£ – 20.99

£ 1028.51

48.6

£ 486

Filed under Forex,Spread Betting,Trading by Arthur

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Just to let you know that Betting Pros are giving a World Cup service for a one-off price of £12.99.

We tested and approved the Betting Pros normal football service and their results have been great ever since.

You can subscribe for their World Cup 2010 service here:

http://www.cash-master.com/bettingprosWC10.php

Filed under Football by CashMaster

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9th June

A winner on the first trade:


Daily Profit: £200
Total Profit: £4380

Filed under Forex,Spread Betting by CashMaster

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