Hi there,I’m definitely keeping The Ultimate Forex Predictor. Since my
e-mail about this system last week I’ve had a few questions from
people interested in trying it, as well as from people already
using it, so I’m going to try to answer those below. But first,
heres an update on my trading this week.

Since we risk a certain percentage of our banks on each trade the
compounding effect is phenomenal, especially when we have large

Bank at start of week: £8015

09/6  +74  £2960   £10975
10/6  +64  £3520   £14495
11/6   -3   -£216    £14279
12/6  +24  £1704   £15983
13/6  -12  -£960    £15023

End Bank: £15023

Thats another £7008 profit in one week, and remember I only started
with a £2000 bank four weeks ago! I could easily have withdrawn my
£2000 seed money after the first week and then have the
psychological advantage of playing only with the house money.

Even starting with only £200, that would still have made £1500
profit in the last month (£700 profit last week!) and since you can
bet as little as 50p a pip on Forex it’s easy to do this.

Now, on to your questions. First of all, thanks to those that are
already using this successfully and giving me extra hints and tips.
I’ll include those here too.

Leigh had this to say:

“On a separate matter, I have been using Keith Cotterills new
predicator FX software for nearly 2 months now, it is as your
tester has indicated, of course you can select more than one
currency as you get more proficient, the GBP/USD is the preferred
start for ease, however you tend to get wider movements with
EUR/USD due to the liquidity and size of this market. If you
combine both you can range up to 250 to 300 point plus
weeks.However this is on a high intensity setting, which means that
you enter more false trades and can have more 10-15 pip losing
trades. The last trade of the week on the 6th June 2008 produced
circa 100 pip movement in GBP/USD, on Thursday a single movement in
EUR/USD, but you have to trade the system for this and trust in the
trailing stops, alternatively you can scalp and make regularly
30-50 pips a week or more.”

On this advice I did actually trade EUR/USD this week alongside
GBP/USD. What I have done is to have four windows open. The 5
minute and 10 minute charts for each currency pair. I also check
the daily for the general trend at the start but I have also found
it useful to have the 20 day moving average running which helps
identify the trend. So if it is going down then obviously it is
indicating that a sell signal would be stronger and vice versa.

Now, I also mentioned last week that I have found that a signal is
more reliable if it is on both the 5 minute and 10 minute charts.
This is pretty simple to see but I have included a screen shot below from
one of my trades to show what I mean. As you can see, the green buy
signals on the 5 minute chart would have been losers but the red
sell signals were also backed up on the 10 minute chart and
produced a nice 66 pip profit. Also you’ll see my moving stop is
set at 4 bars. I don’t use the automatic moving stop in IG Index
because that just trails the market at the same time. Using a four
bar stop delays the trail and as you can see gives the market a bit
of room to retrace and then continue in the  desired direction
without stopping me out too early. So all I have been doing is to
manually adjust my stop in IG Index every time the stop moves on
the charts:

I must point out to anyone that isn’t using this already that
everything you see on the chart is done automatically by the
software. So as soon as the red sell signal alerted me to a
potential trade all I did was click on the signal itself and drag
to the right and it draws in all the lines for you, including the
entry point, stop loss level and scalp level. The stop loss moves
automatically as the trade progresses.

This brings me on to a question from Obinna who asked if I used a
Stop Loss and what I recommended. Well, yes I do. I use the stop
that is recommended by the software. So if the software says to set
a stop of 25 pips then I set a stop of 25 pips within IG Index.
Since you get a warning signal that a potential trade is going to
happen, you can click on the circle that appears, drag the lines
across and it will tell you where the entry point is along with the
stop. So you bring up a trade ticket in IG Index, input your pip
value and the amount of pips you want for a stop then you wait
until the entry point is hit and the software alerts you to go in.
Thats it. Then all you do is move the stop in IG Index whenever the
stop moves on the software and hopefully make a good few pips

This leads me onto another point which I’ve been chatting with
another user, Jeremy, about. A few times over the last few weeks
I’ve noticed that I have made 50, 60 even 70 pips and then the
trade has retraced and hit my stop around 15 or 25. Jeremy said
that he viewed any 70+ pip gain to fall into the bracket of being a
windfall which should be grabbed. I tend to agree. I think in
future if the trade goes 50+ I’ll move my stop ahead of time to
lock in the profit. This way, if it continues I get more profit but
if it retraces and hit’s the stop then I’ll still be happy with
that. Especially when we’ve seen how much money can be made on 50

So just to confirm, I use a PTP setting of 10, with a trailing stop
of 4 bars. I enter a trade if both 5 and 10 minute charts agree and
I set and move my stop as the software tells me to. Thats pretty
much it.

Hopefully thats answered a few questions. Remember, you get a whole
month to try this out for yourself and if you can’t get along with
it then you can send it back for a full refund, with no quibbles.
I certainly recommend at least trying it to see if it meets your
needs. You can get TUFXP here: