http://soultraderdiary.blogspot.com/
extract from July 29th entry: ( copyright to SoulTrader ascknowledged )
"Finally we got a really good signal on the 5 which was the long from 67. some of the users closed at the double zero for 38, some at 05 for 43 - the system closed at 90 for 23.
this is why i say that stops and exits are a personal thing - some people have more risk aversion than others and as such i teach several methods of exiting the trades to suit differing personalities."
It has been remarked that exit strategy is far more important than entries.
The particular entry also seems to suggest different people will get different results according to their risk-aversion, etc.
all well and good. as long potential buyers are aware that they may get fewer pips than SoulTrader himself.
the interesting thing about the trade screenshots, is that the amounts appear not to account for spreads.
( I am of course thinking from a SB point of view where there is a 3 or 4 pip spread )
Are the pips gained correct ?
Would a Direct Access account have NO spread ?
Or, would the spread be less ? ( ie, 1 pip or so )
Or, should the pips gained show amounts for "cost-of-trade" ? ( say, a notional 1 pip for commission )
Nonetheless, it appears to be quite a system, and all credit to SoulTrader for developing it.
However, as with all systems, be it Trend-Spotter, jeminipatel, 4x4u, or mgamal, ( is he still short do you think ? whatever happened to him ?
), the real test will be to monitor his blog over at least 4-weeks.
And also, to see whether other posters start to ask him why they didnt get the trades he did !!
Also, just trade your own system, and see if the differences in pips YOU make is sufficiently big to justify the expense of buying Hilda Baker.
Although, only a few winning trades will repay the cost, this implies you will be trading £15 a pip.
Based on that, you can work out how much money and margin is required.
Trade with less, it will take longer.
At the moment, the jury should still be out.
Note: 2 of the first 3 pages of this thread seems to be a slanging match, with no real information being imparted as to the nature, reliability, effectiveness of the Hilda system itself.