Definately a losing day today.
I was in at exactly 9:15 today, stopped out almost the same as Steve: CAC 3697.7 DAX 6193.8
2 wins, 2 losses for my first week, so well down already 🙁
Gosh - dont know what I was doing then. CAC stopped at 3701.86 (entry 3713) and DAX hit target 6145.90 (entry 6183). Started typing in the trade just before 9.15 and prob finished 5 mins later as it was my first one.
The thing that really worries me is the fact that we're all directed to gekko. If its such a successful system and we're all using gekko then gekko surely dont want us all to be making money at their expense? I dont know enough about this but sounds like it could all end in tears.
Do the spread betting companies have any say in the prices quoted of the indeces ie can they manipulate the price if they start losing too much money on this?
I have a question. If I buy the system do I have to use gekko for trading?
The thing that really worries me is the fact that we're all directed to gekko. If its such a successful system and we're all using gekko then gekko surely dont want us all to be making money at their expense? I dont know enough about this but sounds like it could all end in tears.
Do the spread betting companies have any say in the prices quoted on the indices ie can they manipulate the price if they start losing too much money on this?
Well I bought the system last week and I've been lucky enough to place a trade every day from this week during working hours (I'm an I.T. engineer so it looks like I'm working 😉
Here's my findings and current outlook. Every trade I've done has mirrored Martin Carter's (assuming today's lost too) so over all it's a losing week, which doesn't bother me in the slightest.
Here's an observation though. If you use the Trade Evaluator to go right back to 29/09/09 and use simple compounding and 5% risk, you wouldn't have made consistent profits until 10/02/10!
So, if you're using say £100 as your starting bank, by the 10th February you'd have accumulated 86 pence in four months! However, as those who've purchased the system and read the manual will know, there is the alternative staking plan "Enhanced Profits", which has never been in the red for cumulative profit and loss from the initial date, and would have earned you £82.55 over the same period (of course an 82.55% return). So, if you do the calculations manually and don't use the Trade Evaluator in conjunction with the "Enhanced Profits" staking plan then you may be flogging a dead horse, or just plain deflated if you've gone down this route. However I will stress that both staking plans have gone on to make very good returns since February.
Of course the above results are based on what the system is designed for, which is "set and forget", but if you're lucky enough to have access to your betting account through the day, today's loss could have been an easy win (at one point today I was up 30 points but I'm testing the system so left it). My point is that this system is good left as it is, but you can really take advantage of the clever hedging by using this as a springboard to day trading if so required.
Just a quick note, I'm not always on the site so I'm not being ignorant if I don't reply fairly quickly!
Hi Paulace,
Hindsight is such a wonderful thing...
Not really sure why you say today could have been an 'easy win'.
Why take your profit at +30? Why not let it run to +31, +32.....
Unless you have a crystal ball, why not let the trade run fully, as it is designed to do, and has been proved to do so well in the past?
What happens when you close for +30 and it carries on going up to hit the TP limit?
I don't think it's that 'easy' at all......
Hi I have got a question. How much did you pay for a system?
Hi and thanks, I paid £247 for it with a 45 day money back guarantee if you're not happy for any reason.
I paid £289.
First of all thanks for your input. I considered it an 'easy win' because it just so happens that I looked at the screen and had made 30 points in that instant. As I explained (but not fully I understand) I was monitoring the trade from work, and although I can 'get away with it', that does not mean I can stare at my screen all day, but you weren't to know this. So, in that moment, even though I could have 'easily' taken the money, I am researching, trialling and monitoring this system so I left it. In answer to your question about what happens if it had gone past 30, I am a trader of a few years now so my discipline is good enough and strong enough that I don't worry over what might have been in the same way a new (or greedy) trader would. In case you're wondering why I'm a trader of a few years and still working, I have a trading system that works very well indeed during the day, but it's a big step to leave one's job without some back up, and the system I use in the day requires more attention than I would like, hence the quest to find good 'out of hours' systems.
So, getting back to your point, I agree that it's not that easy, but in isolation that particluar trade was easy and all because of hedging. We all now how easy it seems when we're winning, not so when losing and so the hedging takes a lot of worry and risk away in my opinion. There's nothing new about hedging of course, but the closely correlated pairs is what does the trick with this system. I would like to add that this is the best system I've come across for taking the emotion and guess work out of trading especially where entries, exits and stops are concerned, which means if the system works then 95 percent of people using it will have success too, whereas some systems leave new traders bewildered, frustrated and downhearted.
This is why I ask a question about a price. I found you can buy in two places.
