Dow End of Day Signalling Service

Hi

I have been trading the dow for about 3 months and have been looking for a reliable end of day signalling service (as work aren't too happy with me day trading during their time!!) I recently came across the following: www.winningdowsignals.co.uk. They claim to make an average of 500 points per month. I have subscribed to their month's free trial option and am currently up around 100 points within 2 weeks (which would more than cover the monthly subscription cost). I was wondering if anyone else has tried this or any other end of day signalling service.

Thanks

My months' free trial with winningdowsignals has now ended and I made around 320 points following their signals (the daily scalp signals being more profitable than the swing trade signals).

I have now subscribed to their monthly subscription service (i made enough to be able to subcribe to their annual subscription but think it less risky to pay a monthly fee). I will post periodically to update on my progress.

Has anybody else tried them out?

Has anyone been using this service for a while and can confirm the accuracy of their results?

Thanks

Reuested to be signed up for tral 3 days ago, no reply. Maybe they are no longer.

Also requested a trial. No response. Maybe one month of newbie fees was enough for them?

I'm still getting the daily signals and they're working fine for me - made another 140 points since last post!

When I signed up for the free trial I think it took a week or so before they mailed me with the start date, so hopefully you will here from them soon.

theway2excel said:

I'm still getting the daily signals and they're working fine for me - made another 140 points since last post!

When I signed up for the free trial I think it took a week or so before they mailed me with the start date, so hopefully you will here from them soon.

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Are you following all of their signals?
What happens when you are in a swing trade long and a daily scalp trade short, do you need more than one broker?

Encantador said:

Are you following all of their signals?
What happens when you are in a swing trade long and a daily scalp trade short, do you need more than one broker?

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I've been able to follow the majority of the signals - there's been a couple i've missed due to other commitments.

Can't help on the broker question - i'm in the UK and have a spread betting account with IG that allows me to have up and down bets running at the same time.

I have toyed with the idea, when in swing long and scalp called short, of exiting swing trade then putting it back on next morning when price is lower (scalp is usually completed before London opening at 8am GMT), but am wary of messing with the system when it's been working so far.

Thanks for the reply.

I am also in the UK and am currently spread betting using CMC Markets, I can`t see any way of having opposite trades running but having a second account wouldn`t be a problem. I have a few demo accounts I can use to try it with.

The problem with any system is potentially missing trades, if you do, sods law almost dictates you would miss the big winners and get back in for the losers, that`s why i am trying to find a EOD system rather than one that sends alerts by email.

They `suggest` that both their systems are set and forget, how does this work with stops?
With CMC I can`t put a stop in until I have a trade running, if I did and the market went the wrong way and hot my stop first, it would take me into a trade but in the wrong direction. Maybe IG is different in that regard too.

I hope my trial comes through soon.

Thanks for the advice.

Steve

Encantador said:

Thanks for the reply.

I am also in the UK and am currently spread betting using CMC Markets, I can`t see any way of having opposite trades running but having a second account wouldn`t be a problem. I have a few demo accounts I can use to try it with.

The problem with any system is potentially missing trades, if you do, sods law almost dictates you would miss the big winners and get back in for the losers, that`s why i am trying to find a EOD system rather than one that sends alerts by email.

They `suggest` that both their systems are set and forget, how does this work with stops?
With CMC I can`t put a stop in until I have a trade running, if I did and the market went the wrong way and hot my stop first, it would take me into a trade but in the wrong direction. Maybe IG is different in that regard too.

I hope my trial comes through soon.

Thanks for the advice.

Steve

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I've found that generally the signals are to be actioned straight away. Occasionally the swing trade signal will give an entry price that's a distance away from the current price, but with IG you can place an order to open that contains entry price, stop loss and take profit level.

I also have an account with CMC and although I don't use it for the signals, I think that for say a long signal, if you place a stop buy order to open at the entry price, you can then click on "Add if Done" to place a stop sell for your stop loss. The stop sell will only come into play once the stop buy has been actioned i.e. your stop loss bet won't be actioned unless your original order has been filled. Hope that makes sense!

Re not hearing back about your free trial request, have you checked your spam filter - I seem to remember the e-mail i received from them advising me when my trial would commence getting caught up in mine.

Received my first signals tonight (Mon). I assume they use the cash dow numbers.

I have only ever traded futures so assume I will need to calculate the entry price using the cash dow price.

had a quick play with IG demo account but can only seem to see $$$ and not £££. Also only gives me the option of buying so many contracts, no idea what that means.

Any advice would be welcome.

Thanks

Encantador said:

Received my first signals tonight (Mon). I assume they use the cash dow numbers.

I have only ever traded futures so assume I will need to calculate the entry price using the cash dow price.

had a quick play with IG demo account but can only seem to see $$$ and not £££. Also only gives me the option of buying so many contracts, no idea what that means.

Any advice would be welcome.

Thanks

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I think the price they use is taken from IG index spreadbet platform, which seems to run at 4 or 5 points more than the cash dow.

Sounds like the IG demo you've got is the Contracts For Difference (CFD) one. Not sure how that works (guess if it's a demo you can just do a bit of trial and error without it costing you anything!). I use the uk spreadbet platform but don't know if IG have a demo for that (it's similar to CMC's but you can set stop loss, trailing stop and take profit levels on one ticket).

Thanks for the reply.

I will speak to them and ask if they can swap me over or if I need to apply again.

I guess from the lack of replies that no one has any information regarding how long this service has been live and whether the figures on the website are the result of back testing or not.

I can`t find any list of actual trades, just the monthly figures. Any idea what their wins to losses ratio is and what sort of drawdowns they have been experiencing of late?

Encantador said:

I guess from the lack of replies that no one has any information regarding how long this service has been live and whether the figures on the website are the result of back testing or not.

I can`t find any list of actual trades, just the monthly figures. Any idea what their wins to losses ratio is and what sort of drawdowns they have been experiencing of late?

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I began receiving signals on 7 July. According to my records since 7 July there's been 5 swing trades (excluding the current one) with 3 winners and 2 losers, and 28 scalp trades with 22 winners and 6 losers.

Biggest drawdown i've had since joining is 250 points on one of the swing trades (other swing loss was around 100 points). Currently around 100 points up on swing trades and 360 on scalps.

Not the best of starts 2 trades and 2 losses, but early days.

What does `when called` mean?
Close Now (price at ????? when called)

Sorted IG out, next trade will be at 10p a point.

Encantador said:

Not the best of starts 2 trades and 2 losses, but early days.

What does `when called` mean?
Close Now (price at ????? when called)

Sorted IG out, next trade will be at 10p a point.

Click to expand...

Think 'when called' means the same as 'price when signal given' i.e. what the price was when they said to close the trade.

I managed to win on scalp on Monday as price when I put my bet on was 8 points lower than what they quoted, but lost on swing trade. Probably a wise choice to bet small to start with (or even paper trade). I tend to bet 3x as much on scalps as on swing trade e.g. £1 a point on the swing trades and £3 on scalps.

Looks like we're the only people on here following the signals as no-one else has responded to the thread - lets hope for a profitable month!

theway2excel said:

Think 'when called' means the same as 'price when signal given' i.e. what the price was when they said to close the trade.

I managed to win on scalp on Monday as price when I put my bet on was 8 points lower than what they quoted, but lost on swing trade. Probably a wise choice to bet small to start with (or even paper trade). I tend to bet 3x as much on scalps as on swing trade e.g. £1 a point on the swing trades and £3 on scalps.

Looks like we're the only people on here following the signals as no-one else has responded to the thread - lets hope for a profitable month!

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I have also recently signed up to Dow Signals - am still monitoring though and am not hugely impressed, as I believe that allowing a 250 point stop-loss on any of the recommended trades seems far too large (As per Mondays swing signal).

On the most recent swing signal on Wednesday evening, they suggested closing the open swing signal immediately (after an approx 90 points loss) although on Monday they originally suggested the trade allowing for a 250 points stop loss. What had changed in the 48-hour period technically to make them review their original advice if they had originally allowed for a 250 point stop loss? Had any major resistance level been breached and if yes, why was this level not taken in to consideration when originally allowing for the 250-point stop loss ? Why do they not give explanations or show resistance / support levels to explain their recomendations?

I have been trading the Dow for a number of years now, and have been using IG Index to execute my trades and have learnt the expensive way that allowing such large stop losses (250 points) is simply suicidal (financially).

Experience has taught me that at the most, stop losses should not exceed 70 to 80 points (I tend to only trade within 70 - 80 points from support / resistance levels)

If your trade has not performed and has gone against you and you are already 70 - 80 points in the red and some support / resistance levels have been broken, you are better off to stop out & review the market again re-assessing new support / resistance levels without any open positions in place and then re-enter either long or short from a new level, than allow an original bad trade to move a total of 250 points against you.

Hope that this advice is helpful.

Hi AWICES,

There are a number of systems that `appear` to have been profitable in the past struggling in the current market.

Their latest alert does not include a stop so I assume they use 250 points unless otherwise stated. If that`s the case and they have achieved the results displayed on their website, they must have been doing something right.

I am a relative beginner, but you would expect that if the calculations they make before taking us into a trade are any good, a smaller stop loss would be better, as we all know, having to wait 24 hours for an update (possible stop reduction), is a very long time.

i would like to see a list of results rather than just monthly totals, I will email them and see if they are forthcoming.

Happy trading.

Have just shorted the September Dow (at 11680) with stop losses at above the 11750 level.

Technically there are a couple of resistance levels that need to be broken at 11730 / 11750 and I am betting on these resistance levels will hold up and the Dow will come back down to the 11600 level.

Suppose that a lot will depend on the Oil price turning around!

Here is to hoping that it turns out to be a good bet!