With the start of 2014 now upon us, I figured this is an opportune time to tie up both reviews on the MRP Products from Thames Publishing. I have taken the decision to detail both together here because of their overall similarities (and also not wanting to repeat myself over two separate posts)

MRP ENERGY / Week #13

This week has been far more volatile than weeks gone by and this is clearly illustrated in the two trades suggested by the indicator this week, that were both losing trades.

OPEN CLOSE   BRENT NYMEX
13-Dec 16-Dec -91.87 -£2.70
18-Dec 19-Dec -£55.56 £22.84

(the second trade did not hit its stop, I closed the trades as a No Trade Day was advised on the 19th Dec)

Two losing trades representing a loss of £127.29.

This product  trades oil using your trading platform – my platform of choice for this product was GKFX because their margin requirements are lower compared to that offered by other brokers.
Trades on these markets carried over to the following day, carry no fee.

MRP Strategy (aka MRP Indices)Week #13

OPEN CLOSE   CAC DAX
16-Dec 17-Dec £109.23 -£152.52
17-Dec 17-Dec £34.20 -£7.30
18-Dec 18-Dec £8.49 £11.90
19-Dec 20-Dec -£83.54 £109.81
20-Dec 20-Dec £17.88 £12.80
23-Dec 23-Dec £25.03 £0.50

5 winning trades, 1 losing trade : representing a profit of £86.48  for the final week of trading in 2013.

For MRP Strategy,  my platform of choice for this product was ETX Capital because their fees for carrying trades overnight were less than other brokers I had considered for the task. (the ETX platform also executes trades at a much faster rate too!)
Trades on these markets carried over to the following day (and also for positions carried over the weekend period too), incur a small fee based on your stake.

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Applying the trading method required for either product is simplicity itself – you log on to the secure MRP website area same time each morning and see if the appropriate indicator is suggesting if a trading opportunity has presented itself. If it has – visit your trading platform and place two trades, one on each commodity/index with weighted stakes that are advised using a stake calculator, provided for you.

There are two primary ways to operate this strategy. One way is to check back on the markets nominally at times suggested in the manual. This approach was a little too rigid for me given my weekly office based duties and I found this much easier to operate on an ad-hoc basis where I checked the trades throughout the day, as and when I could.
The trades can be open for upto three working days (ie. excluding weekends, although some positions will be open over the weekend period). It was reasonably common for the following specific scenario… the previous days trade is running at a loss, the indicator for today advises a similar trade pair. You need to be comfortable with placing a further trade despite the losing situation on the trade pair from yesterday. Initially a little tough to accept  in those first few days of trading this method, it becomes second nature quite quickly (at least for me it did), and on many occasions those losing positions did in fact become profitable trades later on in the day).

TRIAL SUMMARIES

The figures below summarise both trial periods and need little further explanation as they speak volumes on the overall profitability of both methods….

(Drum roll please….. ) In second place…….

MRP ENERGY
Trading Bank advised £2,500
A provisional stop of 3.5% bank was used on this trial  ie. potential loss on losing trades of £87.50
39 trades of which 29 were winning trades, representing a 74.3% win ratio.
Overall Profit : £536 / 22.75% increase on bank

… and in first place…. the winner …..

MRP STRATEGY
Trading Bank advised £1,500
A provisional stop  of 3.5% bank was used on this trial  ie. potential loss on losing trades of £52.50
48 trades of which 39 were winning trades, representing a 80.8% win ratio.
Overall Profit : £513 / 34.2% increase on bank

The only difficulty you may face if you operate either method is whether to keep your position open for a larger or smaller profit. However, the manual is quite clear that  you should always close both trades if they are over the recommended profit ‘threshold’,  for the level of staking you are using.

The real issue for some will probably be access to the trading platform during the working day so it will not suit everyone, but for those who can have a sneak-peek every so often, this is worthy of consideration.

Each item is on sale through Thames Publishing at £297 each on a staggered payment basis.
First payment is £99, and then a further 2 x £99 installments, 25 days apart. This includes 6 months free membership to the members-only website. After 6 months, continued membership is just £12.50 per month, automatically charged bi-annually. If for any reason, you are not 100% satisfied with the product simply return the manual within 45 days for a full /no questions asked refund. And if you decide to buy both MRP Strategy & MRP Energy, you are entitled to a 25% discount on the purchase price of the second item.

For only 13 weeks of trading, the profits made represent a substantial increase on the starting bank with effort applied amounting to only a few minutes each day.
Therefore, MRP Strategy and MRP Energy achieve a double thumbs-up and should serve you well if you choose to get involved for 2014 and beyond….

You can get MRP Strategy here:Approved2

https://www.cash-master.com/MRP.php

And you can get MRP Energy here:

https://www.cash-master.com/MRP-Energy.php