January 31, 2011
Trading Elite Club
Day 13 – 31 January
I am going to take the unusual step of suspending this blog after just 13 days of testing. The main reason for this is the service feels like it is still under development. There have been so many changes, it almost a surprise when we start a day using the same system as the day before. Whilst when I started this trial I said I wasn’t interested in recent history, I have followed TEC since mid-December and my impression is that this has been the case since day one. The final straw, for me, was the switch to “night time” signals after the first failure this morning.
I do have some other concerns, with respect to the chat, missed deadlines Paul himself set, missing results data and so on, that make me suspect Paul is still spread too thin. 11 hours trading then having to do the maintenance is a lot for anybody. I know he has support staff now, which makes it more irksome that facilities Paul has promised are still not available.
The News Trading system I have not tested and will not test. As I haven’t tested it I will reserve comment.
I will leave the door open for Paul. If, in a few months (say after Easter) the service has stabilised I, or some other cash-master tester, will re-examine the service. However, for now, I cannot recommend this service and have to file under FAIL. This is for the reasons are stated above more than for the pip loss, which may turn around and make a profit before the scheduled end of trial on 19th February. For the record, the pips loss was 170 (adjusted) for signal-to-signal or about 541 pips when combined with a Scalp for 15 pips.
Here are my final figures:
Time TEC Signal Scalp 10 Scalp 15 Sig2Sig
08:14 Buy 1.58680 -15.00 -20.00 -23.40
08:35 Close 1.58480
09:15 Sell 1.58650 -15.00 -20.00 -21.00
10:30 Close 1.58850
10:53 Buy 1.58710 10.00 10.40 10.40
11:06 Sell 1.58850 -15.00 -20.00 -21.50
11:18 Close 1.59050
11:52 Buy 1.58950 -15.00 -2.70 -2.70
12:38 Sell 1.58950 -5.10 -5.10 -5.10
13:14 Buy 1.58970 10.00 12.53 12.53
13:22 Sell 1.59120 -15.00 -20.00 -20.27
14:33 Close 1.59320
16:57 Day Close
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Today’s Summary:
Time Bands Scalp 10 Scalp 15 Signal2Signal Profit
S-2-S Combined
Profit
6:00 to 9:00 -15.00 -20.00 -23.40
9:00 to 12:00 -35.00 -32.30 -34.80
12:00 to 14:00 -10.10 -12.57 -12.83
14:00 to close 0 0 0
Totals -60.10 -64.87 -71.03 -£ 710.30 -£ 1,359.00
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In Total:
Time Bands Scalp 10 Scalp 15 Signal2Signal Profit
S-2-S Combined
Profit
6:00 to 9:00 -83.60 -124.30 -73.80
9:00 to 12:00 -63.90 -65.10 -50.43
12:00 to 14:00 -56.80 -103.17 6.87
14:00 to close -78.30 -79.60 -86.80
Totals -282.60 -372.17 -204.16 -£2,041.60 -£2,881.65
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The total number of pips I have missed is something like 35.21 (£351.10) bringing the signal-2-signal loss to £1,689.54 (168.95 pips). I may have missed further signals but as the results are not available on the website I cannot confirm this.
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