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Ambrose Ackroyd
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I only trade TGI Friday
I have joined the trading room over at systemsfortraders and am waiting for the manual
if i get it by friday i will be trading it, no feedback yet as no one has the manual i think
Will try and remember to report back here - here is the link to other place http://www.systemsfortraders.com/real-time-trading-rooms/ if you are interested, more the better as far as I see it
(have you got your manual yet i only have the spreadsheet?)
W
if i get it by friday i will be trading it, no feedback yet as no one has the manual i think
Will try and remember to report back here - here is the link to other place http://www.systemsfortraders.com/real-time-trading-rooms/ if you are interested, more the better as far as I see it
(have you got your manual yet i only have the spreadsheet?)
W
Thanks wilczek. I've yet to order the system Just one more thing. is it traded on betonmarkets? I;ve been a bit uncomfortable with that fact. Most system which do well on bet on markets initially, end up losing once BOM worsens the payout if too many people trading the same side.
whatreallymakesmoney
Junior member
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I've ordered too and am waiting for my copy. I'll post my comments once i receive. Apparently the bet can be made on Friday or Monday and expires weekly (following Friday). I've messed around on BOM before and it's fairly simple to use. They've also got a 25% deposit bonus on right now so the newbies should get a nice sign up bonus.
goldfinger777
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Interesting about BOM. Wouldn't surprise me if that happened, they do state in their T&Cs that their prices are always biased in their favour compared to the market prices. So this could become a problem if they start massaging the prices to not only give people worse odds for the bet, but also to prevent prevent people from winning their bets. With the bets being based on "no touch" to a particular market price, if the market price does actually go close I can see how BOM might massage it to ensure that your bets lose!
Might be worth finding some alternatives to BOM for comparison. Unfortunately IG don't offer weekly no-touch bets on FX, only daily or monthly.
Anyone else know of any providers that offer 7 day "no touch" bets on FX?
chinablade
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Signed up for this last week and got the spreadsheet sent to me.
It seemed simple to use so I completed it, and found 2 trades. Checked on BoM only to discover that quote 'to fix my £100 payout' I would need to risk around £300 each! So to take both trades I would need to risk around £600, a risk reward of 1:3. Also, my betting bank would need to be huge to take on both of those trades.
I'm sure not happy with that, as it wasn't pointed out in all the sales blurb.
But... I haven't got the manual yet, so maybe I am missing something. Doesn't look good so far though.
Anyone else try to use the spreadsheet last week?
It seemed simple to use so I completed it, and found 2 trades. Checked on BoM only to discover that quote 'to fix my £100 payout' I would need to risk around £300 each! So to take both trades I would need to risk around £600, a risk reward of 1:3. Also, my betting bank would need to be huge to take on both of those trades.
I'm sure not happy with that, as it wasn't pointed out in all the sales blurb.
But... I haven't got the manual yet, so maybe I am missing something. Doesn't look good so far though.
Anyone else try to use the spreadsheet last week?
goldfinger777
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I haven't used the spreadsheet yet, waiting for the manual. But to be fair to the FX system the spreadsheet does say you should look for minimum 30% upside. In other words, for a £100 win you should not place bets that risk more than £70. That's my understanding anyway.
If it is as you suggest then of course that is completely unacceptable, and I can't see anyone going for that.
Regardless, there's a 60 day moneyback guarantee with FX Friday so if it does turn out to be crap they'll be getting a lot of returns!
If it is as you suggest then of course that is completely unacceptable, and I can't see anyone going for that.
Regardless, there's a 60 day moneyback guarantee with FX Friday so if it does turn out to be crap they'll be getting a lot of returns!
chinablade
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No, the spreadsheet actually says the trade should offer a return of 30%+. The 2 trades i looked at on BoM would have given returns of 32% and 37%, so i assumed they were valid trades
Yours is a different way of looking at it though, and I really hope that I'm the one that is wrong here.
If not, you are right in that they will be getting a lot of returns and mine will be the first!
Yours is a different way of looking at it though, and I really hope that I'm the one that is wrong here.
If not, you are right in that they will be getting a lot of returns and mine will be the first!
chinablade
Junior member
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I also signed up last Thursday. but didn't get mine yet either. Looks like i won't be trading it this week....
Good luck to all that do though!
Good luck to all that do though!
everydaytrader
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Got the manual through today after buying the system last week. Will hopefully have a trade or two
this evening.
Early impressions are that the win rate is going to have to be very high at least 80%+ to make this
system worthwhile. It reminds me of the horse racing lay bet systems out there where the odd
loser here and there makes the system unprofitable.
this evening.
Early impressions are that the win rate is going to have to be very high at least 80%+ to make this
system worthwhile. It reminds me of the horse racing lay bet systems out there where the odd
loser here and there makes the system unprofitable.
pseudo straddle
Well-known member
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There's nowt so queer as folk!!!
They get the right hump with tipsters for tipping odds on shots all the time, but go all gooey eyed over lay systems and financial betting systems with high, circa 80%, strike rates but terrible risk/rewards.
everydaytrader
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If I've done everything right there are two potential bets this week one on AUD/USD and the other
on USD/JPY. Anyone else up and running with the system yet?
on USD/JPY. Anyone else up and running with the system yet?
Not so sure about the USD/JPY one. The manual says enter only the lead 4 digits of the exchange rate and this came up as a no trade for me. I got a trade when entering the five digits from the chart information window.
My potential profit on the AUD/USD was 40.5%
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