British Inventor cracks currency markets

[Smalldog2]

Hello to you all,

I was surfing the other night and found this on a press site, as link posting will get you banned, just google the heading. Seems that some chap is knocking out some serious points in a month. I saw the site link so I followed it back to the source. I then started to google the link and I found quite a lot of things on different sites and a mother load of videos. Some were on trading, some on set ups, looking into it in detail I see that the set ups the guys are using are quite good.

I then did some looking around and found a review on forex peace army, seems that they are a new company, I could only find one review on them. Now, sceptical as I am about things, I thought I would ask around to see if anyone had used them or knew about their techniques?

Seems the reviewer was certainly quite positive in his evaluation of them, but one swallow does not make a summer as they say.

Anyone know anything about them?

Smalldog

 

[ronblack]

Nobody can crack zero-sum game.

 

[TheBramble]

Smalldog, as a broker, you'll know that anyone making 1000% per year probably shouldn't need to go to all the hassle, expense and trouble of setting up a website and issuing press releases about themselves to free press release services.

Ask yourself - why would anyone making this sort of return, which isn't bad, need the penny income from signal sales?

 

[Smalldog2]

I had a look at the results page and theses are what I found, if these are real then it is a excellent service. I am tempted to sign up out of curiosity! Its a money back offer, either I have a plus number of pips in a month or I don't pay. Ronblack, zero sum just means that one person loses and another wins. If you are on the winning side, sure its a zero sum, but not for you!



2009/06/05 Pips Produced Pro=389 Gold=-156
2009/06/04 Pips Produced Pro=-30 Gold=-98
2009/06/03 Pips Produced Pro=949 Gold=559
2009/06/02 Pips Produced Pro=-97 Gold=-295
2009/06/01 Pips Produced Pro=169 Gold=-140
2009/05/29 Pips Produced Pro=483 Gold=196
2009/05/28 Pips Produced Pro=310 Gold=114
2009/05/27 Pips Produced Pro=-279 Gold=-138
2009/05/26 Pips Produced Pro=-36 Gold=2
2009/05/21 Pips Produced Pro=-98 Gold=154
2009/05/20 Pips Produced Pro=-317 Gold=-226
2009/05/19 Pips Produced Pro=-71 Gold=-62
2009/05/18 Pips Produced Pro=902 Gold=564
2009/05/15 Pips Produced Pro=-347 Gold=-101
2009/05/14 Pips Produced Pro=-472 Gold=-325
2009/05/13 Pips Produced Pro=38 Gold=112
2009/05/12 Pips Produced Pro=107 Gold=112
2009/05/11 Pips Produced Pro=516 Gold=368
2009/05/08 Pips Produced Pro=124 Gold=39
2009/05/07 Pips Produced Pro=243 Gold=56
2009/05/06 Pips Produced Pro=-66 Gold=-175
2009/05/05 Pips Produced Pro=-71 Gold=-55
2009/05/04 Pips Produced Pro=179 Gold=-76
2009/05/01 Pips Produced Pro=46 Gold=140
2009/04/30 Pips Produced Pro=-179 Gold=-159
2009/04/29 Pips Produced Pro=187 Gold=170
2009/04/28 Pips Produced Pro=321 Gold=242
2009/04/27 Pips Produced Pro=-159 Gold=-171
2009/04/24 Pips Produced Pro=9 Gold=-112
2009/04/23 Pips Produced Pro=-246 Gold=-217
2009/04/22 Pips Produced Pro=76 Gold=-162
2009/04/21 Pips Produced Pro=596 Gold=466
2009/04/20 Pips Produced Pro=623 Gold=402
2009/04/17 Pips Produced Pro=125 Gold=-4
2009/04/15 Pips Produced Pro=592 Gold=401
2009/04/07 Pips Produced Pro=309 Gold=-16

 

[Smalldog2]

Thebranble good point, just because they seem to make pips does not mean that they were always great traders. Looking on the site I see they only made their discovery in 2009. Maybe the were like the rest of us and lost a load in the begining. Most people throw in the towel, I know thats the point I am approaching now.

I have half a mind to sign up $99 is the entyr level,and they offer all your money back if they don't make money in a month. No risk really.

Smalldog

 

[TheBramble]

they offer all your money back if they don't make money in a month. No risk really.

So, they give you ALL your money back, the subscription and the $20,000 you just blew on their wrong signals that month - or just the $99 (special-offer) monthly sub?

No risk indeed...

 

[Windowsill]

Thebranble good point, just because they seem to make pips does not mean that they were always great traders. Looking on the site I see they only made their discovery in 2009. Maybe the were like the rest of us and lost a load in the begining. Most people throw in the towel, I know thats the point I am approaching now.

I have half a mind to sign up $99 is the entyr level,and they offer all your money back if they don't make money in a month. No risk really.

Smalldog

Whats so good about the results anyway...half lost.
You only need to let the winners run.

 

[neil]

suckers queue here

Thebranble good point, just because they seem to make pips does not mean that they were always great traders. Looking on the site I see they only made their discovery in 2009. Maybe the were like the rest of us and lost a load in the begining. Most people throw in the towel, I know thats the point I am approaching now.

I have half a mind to sign up $99 is the entyr level,and they offer all your money back if they don't make money in a month. No risk really.

Smalldog

Are you really a broker?
Are you hyping some product?
Oh well - I've lost interest in the thread. Time for a pint

 

[anley]

'Secret discovery in the FX markets'

What a joke, realise that you're all being marketed.

$99 a month and you can get rich for basically doing nothing

 

[trendie]

its some kind of breakout system.
trades given out at 9am (0400 EST).
if you look at the entries, they have some kind of overnight range-break logic. some are simply weird, but I suspect some volatility rule.
if you look at the entries, they are mostly fine and trigger. every now and then, the entry is a distance away from current action. but this happens when the previous day was a wild day. therefore, maybe pivots are used?
for example, look at a "normal" day for GBPJPY, like May-8th. They made 250 pips on May-11th, since the trade triggered quickly.
But now look at a big range day, like May-18th. The following days trade resulted in just 25 pips, since the trigger was a distance away from the mornings range.
Some kind of range-breakout and pivoty-things going on??

since its a hedge-type set-up, you really need to take all 9 pairs, to get the home-run from the also-rans.

apart from the stellar 3 consec months of over 5000 pips, the average is about 2000 pips per month across 9 pairs, which is about 220 pips per month per pair. which is about 60 pips per pair per week.
this should put into context the "thousands of pips per month".

just concentrate on 1 or 2 pairs, and you could outperform these guys any day of the week.

if I had the time, I would evaluate the risk per trade/amount made, to glean its profitability and risk-control, but I am bored with this now.

key summary: they average 220 pips per month per pair. thats 60 pips per week per pair. thats 12 pips a day per pair. even on their 5K pips per week, thats about 150 pips per week.

 

[Smalldog2]

Good analysis trendie, you certainly deserve your accolade.


Smalldog

 

[jimbond]

Great review Trendie!

Great review and very insightful...all reviews should be more like this one.

I'm in the carsales business in Frankfurt (no stupid comments please) and I have alot of time on my hands as things are slow right now. I would love to believe that such a system could work for me. Being honest I sometimes like the idea of trading, more than actually doing it and I have some money to burn, so I think I could subscribe to such a service.

I have been looking for such a service for a while now and would be happy to make the same consistant growth in my account that they seem to make. As you say it is not a get rich quick scheme and would run a million miles away from it if it was, as Ive been burned before like that!

What strikes me is that they seem to have a good equity curve, if what they say is all true. As you pointed out you are trading and hedging your positions. so I guess this is what enables this strategy to make what looks like consistant growth and not have huge drawdown (if you would manage your risk accordingly, I wish I'd discovered risk and money management sooner).

They could be using some curve fitted automated robot, but I guess you could sniff any fabrication out quite easily, so they may actually have something going here and for the trader not making money may be useful.

I'm tempted to check them out, as I think they might be offering something slightly different from most other signals out there.

The only thing that bothers me is that it is all manual and trading 9 currencies could potentially pose a challenge for me. I am sitting on the fence here, I have lost confidence in my own trading and have been looking for a non-scam signal service for ages. Anyone tried these guys before? I might risk the 100$ to find out, what does everyone else think?

Thanks/BEst Regards,

Jim

its some kind of breakout system.
trades given out at 9am (0400 EST).
if you look at the entries, they have some kind of overnight range-break logic. some are simply weird, but I suspect some volatility rule.
if you look at the entries, they are mostly fine and trigger. every now and then, the entry is a distance away from current action. but this happens when the previous day was a wild day. therefore, maybe pivots are used?
....
if I had the time, I would evaluate the risk per trade/amount made, to glean its profitability and risk-control, but I am bored with this now.

key summary: they average 220 pips per month per pair. thats 60 pips per week per pair. thats 12 pips a day per pair. even on their 5K pips per week, thats about 150 pips per week.

 

[Smalldog2]

Anley,

I see you got some respect here. Whats your take on the results! I don't give a monkeys how much people make, what I want to know is how much can I make? If they help me make money then as far as i am concerned great and good luck to them. All the rubbish out there that people are selling and here we have a company offering some light at the end of the tunnel, and you are concerned what they are making!!! Trendie deserves the respect he gets, he basis his analysis on what the results are, too many people on the forums like to trash anything that is not free, yet we live in a commercial world. If these guys can deliver on their promises, then they in my opinion have earned my respect. I signed up to their Propack in the end, borrowed money off my wife, and loaded up a $10,000 account. I did this because I want all the money I lost trading back. If I make 20% a month, and compound my results in 26 months I make over a million dollars.

What will I make every month once I get to that level well 20% return on a million is $200,000 a month, so will I cry about paying them some money every month??

Nope, they made me rich.

 

[TheBramble]

smalldog, you forgot to respond to my query about whether they just refund your monthly subscription when it all goes horribly wrong, or do they also refund your losses incurred as a result of trading their incorrect signals. Have you dug that deep yet?

Can I also ask you a personal question – what sort of brokerage do you work for and for what market segment.

And one last thing, if I may, do you have any involvement with this bunch whose signals and service you’re touting so strongly? Any association at all?

 

[Windowsill]

Anley,

I see you got some respect here. Whats your take on the results! I don't give a monkeys how much people make, what I want to know is how much can I make? If they help me make money then as far as i am concerned great and good luck to them. All the rubbish out there that people are selling and here we have a company offering some light at the end of the tunnel, and you are concerned what they are making!!! Trendie deserves the respect he gets, he basis his analysis on what the results are, too many people on the forums like to trash anything that is not free, yet we live in a commercial world. If these guys can deliver on their promises, then they in my opinion have earned my respect. I signed up to their Propack in the end, borrowed money off my wife, and loaded up a $10,000 account. I did this because I want all the money I lost trading back. If I make 20% a month, and compound my results in 26 months I make over a million dollars.

What will I make every month once I get to that level well 20% return on a million is $200,000 a month, so will I cry about paying them some money every month??

Nope, they made me rich.

Hope you have an alternative way of paying back your wife.

 

[Smalldog2]

The Brambles- with all due respect have you heard of anyone refunding your losses? Me neither, no company would do that, how would they know whether I was using their system in the correct way?
That would be ideal though, if you ever come accross a company offering that then please do get into contact with me.

You and I know trading is hard, there are an awful lot of scammers out there promising lots and delivering nothing. I know because I have been scammed. I don't work for a brokers, I am curious as to why you think I did or do.

I wish I had an involvement with them, for all the flac I am taking. I did join so yes there is an involvement there. I also loged into their chat room spoke to the guys running it, watched them take a person through a training session. I did also trade the signals today and lost -55 pips. Could I have done better myself, I don't know. Was I impressed, well not yet. but lets see. The brambles if I could have made it trading I would have. At the moment I am looking for a solution, I don't know if this is it, time will tell.

All I know is that I paid out for a lot of things in learning to trade the markets and I was never successful, all of what I learned did not work. A lot of sceptics here are not making money, slagging off everyone, and talking a big story. No one here is making money at trading - let me correct that, a very few are. The rest are losing their shirts.

So, the way I see it I have options, carry on losing, stop trading, change what I do in trading. Now, I like trading I want to carry on, in fact I want to make it my sole form of income. if i have to be spoon feed and follow a bunch of guys that have got the answers then why not. If they are no good then I will post the result here as a warning to other traders. If they are good they I will in the words of Ali G "big them up", and why not? Most of the people here are negative, they have lost a packet and they cannot stand to see others that are making it as it reflects on them what failures they are. Thing is they are not failures until they stop trading, repeating the same actions time and time again and expecting a different outcome is insanity. Yet that is what a lot of the people here will do.

I can express an opinion here, it seems unless it is negative though you are labelled a traitor, well is it not time that some of the people here opened their eyes and looked a little further then the rubbish that we are spoon fed, MACD, RSI, STOCASTICS these are some of the biggest lies going but because they are free, people swear by them. They don't work, but loads of people here use them and lose. I am approaching it in a different way. If it works I will tell you if it fails I tell you.

Smalldog

 

[Smalldog2]

Windowsill,

how I pay back my wife is a good question. If I fail she is going look forward to a life of breakfast in bed, no more boys out evenings for me, a personal valet and attentive friend that has an interest in ballet. Please prey it does not come to that.

Smalldog

 

[alan5616]

apart from the stellar 3 consec months of over 5000 pips, the average is about 2000 pips per month across 9 pairs, which is about 220 pips per month per pair. which is about 60 pips per pair per week.
this should put into context the "thousands of pips per month".

just concentrate on 1 or 2 pairs, and you could outperform these guys any day of the week.

key summary: they average 220 pips per month per pair. thats 60 pips per week per pair. thats 12 pips a day per pair. even on their 5K pips per week, thats about 150 pips per week.

Well put trendie. As you rightly say, concentrate on one or two pairs. In fact, I follow 9 pairs but, only trade one or two of them. The reason I have these 9 pairs set up is, purely, to identify correlation between currencies.

 

[TheBramble]

The Brambles- with all due respect have you heard of anyone refunding your losses?

No. Never. And you never will. So you'd be stupid to take their signals, wouldn't you?

 

[trendie]

actually, putting aside the fact you are buying signals, rather than learning to trade, this might not be such a bad service!

Ideally, you would join a service where you are taught to trade, rather than just follow numbers others provide, but having said that, I have crunched some numbers...

the screenshot shows their results page by month. (imported into OpenOffice Calc):
now, if you forget the Professional packge of 9 pairs, and just look at the 3 pair Gold package, the results seem to be the cream of the signals.
Of the total 69K or so pips made, the 3 pairs of GU, GJ and AudJ made 30K or so of the pips. Thats 1/3 of the pairs accounting for close on half of the profits.
The column labelled "GU/GJ/AudJ" shows the total pips per month for them only. compared to the Monthyl tally from the 9 pairs, the column labelled "% of 9 pairs" shows what percentage of the monthly total the 3 pairs made. Anything over 33%, and the 3 pairs are better than trading 9. (this is not perfect, since some pairs have a wilder range than the more sedately moving ones)

So, you may actually be better off taking the 3 pair package rather than the 9 pair.

Also note that the 3 or so months when they scored big may be a function of volatile and wide-ranging days rather than the brilliance of their system.

one thing in favour of this is the essentially day-trade nature of the signals. this might benefit those who dont want to sit at a screen all day, finding things to fill their time in between trades by writing long-winded posts.