Herewith results for trades advised by the MRP Energy indicator (shown with *), over the last 2 weeks trades :
The highlight of the trading period shown, as you can see, are the two overnight trades that resulted in wins on both the long and short trades.
Start bank : £2,500
Balance :£2,801 (representing a 12% increase on start bank)
NOTE : One thing that I have noticed (as highlighted in the manual that accompanies this method), is that the trading margin between brokers can vary quite significantly. With ETX the margin requirements are possibly one of the lowest across the range of brokers available. However, for overnight transactions that are rolled over into the following day – they charge approx. 4% for both long AND short positions. So for a £1 Brent and £1.1 WTI trade pair – overnight charges could amount to approx. £1.60 (per weekday, more for the weekend period)
In comparison – GKFX (who I have just ported to) only charge 2% which amounts to approx. 0.45p per long trade. ie. they do not charge for short trades. However, their margin requirements are far more significant (approx. 3x those of ETX Capital), so this will need to be considered when choosing the broker with which to trade this method.