Having seen the review of this system undertaken by Arthur in 2013 I was interested to know if it was still performing therefore I have agreed to review this once again.
Having spend a few days reading the manual and testing the signals I will begin recording actual results from Monday.
I will be testing this on the following markets:
I am also looking back over markets to see how often these signals and entries happen although that back tracking will take a while to complete.
The system is well written and fairly mechanical so everyone should see the same signal and entry candles. You will need to have an understanding of a candle chart and be able open and trade a spread betting account. I am using IG for this test.
I will be using a £20,000 bank which I know is quite large but the risk per trade is 1% looking to gain 0.5% so I will be trading at £10 per point, to achieve this a £20000 bank would be required. Obviously you can use these results on a £2000 bank if you divide everything by 10.
I am looking to profit £100 per successful trade risking £200 each time so the strike rate needs to be good.
Will report back at the end of next week with my first week results.