The Diff Code (Oil) is a trading system from Thames Publishing who is currently offering a 45 day risk free trial.
You get a very well written system manual explaining exactly what the Diff code is, and how to trade it, and you get a login to a member’s website where you check each morning before 8am UK time for that days signal.
The signal is either Green buy signal, where you are given the Stop Loss and Limit figures, an Amber signal which is no trade, or a Red sell signal, again with stop and limit figure given.
So all you do is check the website, and place the trade if there is one, or close a trade if you are already in one and the signal changes.
That’s pretty much it. It takes less than 10 minutes a day and there is no monitoring of the markets as the trades either go on to win, or hit the stop loss.
If you decide to keep using the Diff Code after 45 days then you are given, on request, the full system details so that you can work out the trades for yourself (takes 10 minutes apparently), and therefore don’t need to rely on the signals, although, obviously it’s quicker and easier to just pick up the daily signal.
To test this system I used a £2000 trading bank and risked 5% on each trade for a period of three months.
After an encouraging start where my trading bank went £503.03 into profit within the first six weeks, I then proceeded to give it all back during the next six weeks.
My final trade closed at another loss taking us into negative territory and a disappointing conclusion of the trial.
Weekly Profit: -£100.08
Total Profit: -£57.30
This is a very simple to operate system that takes literally a few minutes a day to operate, so long as you are up before 8am. The problem is that the risk reward ratio of 2:1, whereby a losing trade can cost you double that of a winning trade, means that a high strike rate of winners is required to provide a profit.
Not all trades will go to the stop loss as trades are closed if the signal changes direction the next morning, but even so, the system has failed to produce a profit in three months I tested it, and I know last week was a losing week as well even though I had stopped trading it.
Obviously this system cannot be given an approved rating but I am hesitant to give it an outright fail because of the low number of trades actually placed during the trial. Often there are no trade days so during a three month trial there are only sixty possible trading days and with many being no trade days that only leaves a relatively small data sample to base an opinion on. It may well be that over the long term this is a profitable system so I am going to keep an eye on this for the next three months and do another update then.
In the meantime, since the profit/loss is more or less at break even I will award this a neutral rating.
You can try The Diff Code (Oil) on a 45 day risk free trial here:
Any plans on testing Diff Code Europe and Diff Code London anytime soon?
Yes, I’ll be starting those next week.