Monday 9th March
For the next month or so I am going to be trialling the FTSE Wealth Builder by Neil Leitch.
As you can guess, this is a trading system that specialises in the FTSE 100 market.
The system is completely mechanical in that you look for a very specific signal and there is never any personal judgement required to know when to enter or exit a trade. Everyone using this system will get the same results. The manual is very well written and you get a dvd with live trade examples plus excellent support from the author. In fact he answers e-mails even quicker than I do, which is nice. He even e-mails all members every day with a run down of the days trading plus updates and little tips and tricks for getting the most out of the system (like how to trade on different markets out of hours, for those that have to work during the day).
I’ve been using the system for a week to get a feel of it before starting my test today, and I have to say, I’m impressed. It’s very simple to use and I think anyone would be able to use this without any previous knowledge whatsoever of trading. All my trades matched the ones in Neil’s daily updates so it’s safe to say there’s no ambiguity in the system rules.
As with all Canonbury products this one also come with a 30 day no quibble money back guarantee so that you can try it out for yourself and see what you think without worrying about paying for something you’re not happy with.
You can find out all about it here:
http://www.cash-master.com/wealthbuilder.php
There are several options to how to use the system and for the purposes of this test I will opt for the quickest which is the Stop at 24 method. This is simply because I’m already trading two methods with the Ultimate Forex Predictor and having yet another chart open is a bit of a juggle so I prefer to get this done and dusted early.
According to the published results, trading all day, 8am to 5pm is more profitable, but going for the stop at 24 is also very profitable and indeed it might work out that you are on a higher ‘hourly rate’ opting for this.
I will however keep a log of the results for trading all day as it’s pretty easy to check the chart at the end of the day.
Basically we are aiming to scalp 12 pips on each trade with a strict stop loss of 15 pips.
So on to today and I was finished by just after 11am with two winning trades and 24 pips profit.
Daily Profit: £240
Total Profit: £240
