Since my 3 month trial of Ultimate Index Trading which ended on 30 June 15 with a loss of 755 pips and was classified as a FAIL the team behind the service have tweaked the parameters employed across the different currency pairs and have produced an addition to the service called Cobra.
I have continued to receive daily since the trial ended their briefs on which trade set ups they advise to enter.
A quick recap,the service provides a daily report on potential trade set ups with Entry level, Stop Loss and now with the addition of Cobra a tighter stop and two Target Profits -the lower on Target 1 corresponding to the original Ultimate Trades and the larger Target 2 corresponding to the Cobra set up. Therefore no prior knowledge of FX markets is required other than an ability to operate a computer and set up MT4 Charts and open a broker account.The fee is still set at £79.95 per month although there is an introductory offer of £29.95 for the first month.
So to the results for the service since June 15 through to end Dec 15 as follows:-
|PERIOD||TARGET 1||TARGET 2|
So taking into account the loss of 755 pips at the end of June 15 the larger gains obtained by utilising the Cobra Target 2 would have wiped out the losses and produced a net gain of some 1075 pips.
To make financial sense of this service I would suggest that a trading bank of £10,000 would be required assuming that say 2% of the trading bank was employed per entry to cope with the periods where a user may have up to 4 or more trades open and running at the same time and thus the bank will need to be able to cover the potential sum of the Stop Losses in play.
Since the turn of the year January 2016 results were as follows:-
|Quarter||Pair||Direction||Entry||Stop Loss||Risk||Target 1||Target 2||Result T1||Result T2||Note|
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