I have been looking at Diff Code Global from Thames Publishing. The cost is £297 for six months then an optional £75 for each subsequent 6-month period which enables you to log in to a website to get the day’s signals.
One caveat, either on this product, or the sister product Diff Code Transatlantic, it was noticed that signals changed very close to 07:00 a couple of times. If you do use the website, then I suggest that you leave it as late as possible to get the signal.
Anyway, you get the day’s signal, log in to your broker and place the trade. It is fire-and-forget, so that’s it. Your stop-loss and take-profit levels are clearly displayed
The average stop loss is £200, so a starting bank of around £2,500 is needed. The largest stop was 863 points.
I used an existing demo account with the recommended broker: Core Spreads; using a £2,500 bank, risking 5% and I (nearly) always ratchet (never reduce stakes) I ended the trial at £3,132.
The service was trundling along really nicely, then last week wiped out most of the profit! I was £1,600 in profit at the end of January!
The trial has ended £600 up, which does cover the cost and little else. Therefore, I cannot now go with approved, as I have to look at the full 13-week performance.
The usual £10 per pip we use here at cash master is not applicable here as your bank would need to around £25,000 to stake at this level.
The service is currently closed to new subscribers but you can join the waiting list here.
I have chosen to use monetary profit instead of points total, because the points total does not provide an accurate view of this system’s performance. For example:
Three winning trade, where 5% of bank is £100 risked. Stoploss is 200 points and take-profit is 100 points. As stake is 50p (£100 risk / 200 points) each bet would win £50 and 100 points.
At this stake I have £150 profit and am up 300 points.
The fourth trade is a 400 point stop and loses; for this illustration 5% of bank is still £100, so this trade loses £100 and 400 points.
Now I am up £50 but down 100 points. Therefore, I used the £50 profit to describe the system as this is a more accurate summary of performance.