October was my fifth month of monitoring this service and we had our first losing month, costing 136 pips, or 5.71% for those using the mirror trade option.
Obviously this is disappointing but losses in Forex are to be expected and it would appear that this isn’t limited to just this service. I know quite a few other systems and services have had a torrid time over the last few months too.
The results for the last five months come to +382 pips or 32.29%, so it’s not a great pip total but the precentage increase is actually pretty good, although much of this profit was taken before mid July when everything seems to have got a bit stormy.
Rogers favoured pair, the GBP/JPY, just hasn’t been performing so he’s not been trading it until it returns to some kind of normality.
There is still a lot going for this service; regular PDF updates, morning reviews Monday – Friday, efficient and speedy replies, directness, an active informative twitter account and, considering the business they’re in, an honest service that after 5 months is, although not brilliant, doing ok.
It also comes with a no questions asked money back guarantee.
You can check out the Consistent Forex Trade Copier HERE.
Wow – 136 pips for the month! that’s bad
I don’t know what it is about these trade copying services, but none of them seem to be able to deliver what they say they are going to do.
This consistent service talks about 200 pips pm target and yet it delivers -136 pips. Any particular reason given for this level of performance or was it just 2 or 3 bad trades which maybe shouldn’t have been taken? What was the strike rate wins/losses.
Like a fool I’d signed up for the Fx/Mike Pears experience which was marketed at 800 pips pm! but in all honesty I wasn’t expecting that. After a disastrous few months I bailed out.
No trades for the relaunched FX service for Oct, I’m sitting on the fence with this one as well until they have proven they can deliver the goods on a regular basis.
I guess no trades beats -136 pips though.
Think these so called service providers need to raise their game, they’re not doing themselves any favours with performances like the above.
You can see a detailed breakdown of all trades and comments on his site.
Seen it now, very poor indeed: LWLLLLL
That’s just one winning trade out of 7! Another Mike Pears?
Staying well clear of this ‘expert’
I’m a subscriber and must say that I didn’t have a problem with the service up until recently. Not because of a poor run of results, that doesn’t worry me given the present climate. Instead, the problem I have with it now is because, having received daily emails about lack of action from Roger, he has now decided to start another trade copier service which concentrates on a different approach. The problem I have is that it’s a bit of a kick in the teeth to all those subscribers who have seen limited action on the trade copier service for him now to turn around and offer another trade copier service. To show commitment and goodwill to his subscribers, why not incorporate these alternative approach trades into the existing service to give more action and increased results rather than, in my view, getting greedy and trying to take more money off of his present subscribers by getting them to sign up to another trade copier.
As alluded to in previous posts above, October for Roger and his service was appalling and I can confirm that it was just ONE winning trade out of SEVEN! for a total of minus 136 pips.
To me it did smack of someone panic trading and getting in a complete mess. He would have had better results tossing a coin.
Roger also spat his dummy out of his pram when I questioned what was going on. His response and sheer arrogance absolutely astounded me:
“Take the time and do a little exercise, Google trade copier services {the honest ones} and see my performance of pips and percentage to the services performance over the same period then come back and apologise”
As I pointed out to him, it is he that should be apologising to all subscribers for getting things so badly wrong and not me and that past results mean nothing, you’re only as good as your recent results. Needless to say I didn’t get a reply. I don’t have much respect for people like Roger with such a poor attitude.
Another one who can talk the talk, aiming for 300 pips per month, but the reality is another thing.
If Roger is looking to change his services, it wouldn’t surprise me, he seems to have got himself into a bit of a pickle with his trade copier ‘service’
Consistentforextrading.com ? shouldn’t that be changed to inconsistentforextraing.com
Sihi, just read your comments with interest. I know nothing regarding forex but was monitoring this with interest, with perhaps a view of joining in the future. But I agree with you regarding Roger’s attitude at times, I asked at the weekend where the pdf updates and spreadsheet were, as I couldn’t see them on website. He nearly bit my head off, basically saying ‘open your eyes ‘,he admits to being a bit short with people and I could forgive this if he were producing the goods. But October was dreadful, especially for those just joining, and then to bring another service out is somewhat of a cheek. Hopefully he’ll turn things around, and maybe Oct was just a blip. Good luck to all of you.