Hedge Fund Copier

Signal this morining: eur/usd long @ 1.4410.

I missed it because I have the software running on two platforms, home and laptop with me at work. The vendor has no objection to multiple dowloads for this purpose, but only one platform can be logged on at any time. I'd left my Home PC logged and had to wait until someone was at home to log me out before I could get on at work.

by the time I logged on the trade had already hit TP1 at +30 with stops to B/E

Summary of yesterday, 1 signal (I missed)
EUR/USD long @ 1.4410, TP1 hit for +30, TP2 Hit for +70, then reversed.

The system recorded this as +130, being 30pips for TP1 and 70pips for TP2. I wasn't logged in to see the message but when TP2 was hit, it must have moved stops from b/e up to to TP1, to give another 30pips for position 3 on the reversal.

Max pips for a single position +70

Yesterday 1 signal GBP/CAD Short from 1.6059, SL 1.6100 , TP's at 1.6000, 1.5950 & 1.5900

By the time the signal was given market had already moved 20 pips. I could have entered on a pull back, but missed due to phone calls etc at work.

System generated an update later moving TP1 to 1.6025, that was hit for +34. Stops were then moved to 1.6070.

Market reversed to hit stop for -11 on remaining positions.

Net result for the day, 1 signal +12 pips

signal from this morning USD/CHF, long @ 0.7900, sl 0.7830 TP's at 7940, 7980 & 8020

TP1 hit for +40, stops to b/e

Round up for the week. Pips quoted are max pips for a single position.

MON - GBP/CHF +30
TUES - EUR/USD +30
AUD/USD +28
GBP/CHF +59
WEDS EUR/USD +70
THURS GBP/CAD +12
FRI USD/CHF +40

The pips quoted are based on the system's entry and exit prices, not what I managed to acheive. I missed a couple of trades and or entry points. On balance if I'd been at my platform at the moment each signal was issued I may have got closer, but on one occasion I was and the price had moved by the time the signal popped up.

All in all I think a potential +269 for the week is non too shabby, I could live with catching only half of these.

Plus sides for the system so far? Easy to follow with clear guidance, positive results, very encouraged by no losing trade this week at all.

Minus? System is a platform taking signals from a server operated by the vendor, so I cannot operate unless they are still in business They are not charging ongoing licence fees, which on the one hand is good, but on the other they've got to keep selling copies of the software to maintain the service. Personally I'd rather pay an annual licence fee so they have got an incentive to keep the service running.

Other downside, some signals come during the night, so a risk of missing entries and exits.

More next week.

Have you "test driven" other commercial systems? If so, how does it compare to some of those? Been getting lots of emails from Bill Poulis, Jason Fielder - you dare to look at one of their websites and they innundate you with their stuff. Just wondering if any of it is any good and worth the cost. Thanks

Does the vendor say what basis / analysis they use to generate the signals?

How much did you actually make. I think that's all that counts especially given the fact that the Market can move away from the given entry point in a very short space of time.