Herewith results for trades advised by the MRP indicator (shown with *), over the last 2 weeks trades :
Another profitable trading period adding a further £100 to the balance sheet.
Start bank : £1,500
Balance :£1,703 (representing a 14% 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 DAX and £2.1 CAC 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.