The second week with The Diff Code gave two no trade days, two winners and a loser:
18/8 No Trade
19/8 No Trade
20/8 +£52.46
21/8 -£107.64
22/8 +£51.80
Weekly Profit: -£3.38
Total Profit: +£151.91
What is interesting is that in the weekly roundup e-mail that came out on Friday, they reported a LOSING trade on Wednesday, hitting the stop loss, but I had a winner.
The reason for this can only be the time the trade is put on. The website is usually updated around 6.35am when I presume Martin puts his trade on. But you can place your trade anytime before 8am. Of course, the market is moving over that hour and a half so it’s possible you can get in at a better position (or worse position) than Martin does.
So if you want to match Martins results exactly then you need to place your trade at exactly the same time, or thereabouts.
What is encouraging though is that his reporting is clearly honest and accurate.
You can try The Diff Code on a 45 day risk free trial here:
https://www.cash-master.com/TheDiffCode.php
Is the level of risk:reward hinted at through your results typical of each trade advised through the system? I know the strike rate is reportedly good but it would be useful to know if this is the norm (that a losing trade will usually lose double what a winning trade profits by?)
Yes, every trade is 2:1 risk/reward BUT often trades are closed before we hit the stop so we won’t necessarily get a double loss on every losing trade.
Hi Graham,
This looks interesting. I’m looking for something to compliment my P.I.E. so I’ll be keeping an eye on your progress.
Cheers
Si
Two points re. The Diff Code. Firstly, this instrument is most certainly not available on all platforms, as has wrongly been said above. Oil is tradeable on all platforms but not the Brent-Nymex Differential. Secondly, be aware of your platform’s trading hours with a ‘set-and-forget’ method like this one. It’s too easy for the previous day’s trade to re-open the next morning before you’ve had time to act on Martin’s signal. This happened to me and lost me an annoying amount of money before I’d had a chance to act on that morning’s Amber signal and close the trade. IMHO I think you need to decide whether or not to close the trade before retiring for the night to prevent a nasty shock the next morning. Even if you don’t make quite as much money as you might have done, it’s better than actually losing it by accident.