No trade signalled for today so I can wrap this week up. A losing week ? and the second one for this trial.
Week 9: 4 trades (2 wins and 0 still open) for a loss of 208 points, £-212.04 using the starting £2.500 bank.
Overall : 34 trades (28 wins) for a profit of 961 points,. Bank now stands at £3897.88.
As the sign-up window has re-opened, it may be worth my while giving some thoughts on this product.
A simple product, you sign in before 07:00 on a trading day, get a signal, and between 07:00 and 08:00 you place the trade. The trade signal tells you the trade direction and a suggested trading range to enter on to your ticket. The only difficulty is to work out the stake and deciding when to enter the market is also up to you.
Currently 961 pips up; this is £9,610 at the standard, but in this case unrealistic, £10 per pip. The average stop is 141 pips, so you need roughly £30k with 5% risk to run at £10 per pip. I used a (virtual) £2,500 and the bank currently stands a tad under £3,900; a 56% growth on the bank in 9 weeks. Even with the slight setback this week I am still hoping to get close to doubling the bank by the end of the trial!
This product is heading towards an approved rating, but, with 4 weeks to go I won’t make that call just yet. However, the product is very simple, literally less than 5 minutes per day to operate, and, so far, very profitable.
There is a brief window of opportunity to get this strategy now for a one off cost of £297 with a risk free guarantee HERE.
PS
to calculate your stake you take your bank, multiply by your risk, I have been using 5%, and divide by the stoploss.
For example, £1,000 bank, risking 5% with a 140 point stop is £1,000 x 5% / 140 = £50 / 140 = 36p per pip.
Using the bank I started with £2,500 the maths is £2500 * 5% / 140 = £125 risked / 140 = 89p per pip.
Strange I checked last night and an amber/no trade signal, I just checked now to see if a summary was on there and find that there is now a signal for today 19/1!
Like you, I saw the amber trade and that is what I have recorded. I have not checked to see whether signals change once issued, I assumed that once issued they did not change, and it appears that assumption is false.
Rather than suspect a conspiracy, I choose to believe that Asian session price movement changed the signal, so, I suppose, that checking the signal as close to 07:00 would be the way to proceed; most days this is how I used this service.
I’ll make reference to this in my final review
Arthur
Arthur
The Friday signal was updated as below
LAST UPDATED AT 06:58 Friday 19Jan18
Having just joined this service this is not quite as clear as I would like it to be, I presume the AMBER signal that proceeded this would mean to cancel ALL contracts that may be still open? and a no trade on Friday, which Subsequently changed to a trade on Friday morning & 06.58 ?
Hi Arthur,
I am interested in this product but note the Transatlantic version is losing money – are they similar products (in other words have we just had a good run on the Global product but it would be exposed to future losees?)
Hard to say as I don’t know how the selections are arrived at. The thing to always remember is “past performance is not indicative of future performance”, and there is always an element of risk with this, or any other product. Could be that we have had a lucky run, but the performance during the trial does broadly mirror the performance through 2017, so that is unlikely; so the product is currently working. Impossible to say for how long that will remain true, so, I’d buy the product, hope the performance continues, after 3 months or so look to withdraw my seeding stake and continue from there. Hopefully, all you’d then have at risk is “other people’s money”. Then withdraw a little each month to bank some profit.
Thanks Arthur – can’t believe it – just went in to purchase following your response and looks like I have missed the window as closed again to new subscribers!
I’ll ask them to open it again for a couple of days. Leave it with me.