dsinclair999
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You're welcome.
That is all my results, this is my 5th week, but impressed with the system so far, only time will tell tho.
Regards
DS
You're welcome.
That is all my results, this is my 5th week, but impressed with the system so far, only time will tell tho.
Regards
DS
dsinclair999
Active member
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My latest results.
Mon 29th Mar +56 pips (broke the rules a little)
Tue 30th Mar +38 pips
Wed 31st Mar – No trade
Thu 1st Apr - No trade
Fri 2nd Apr +4 pips
(Total +98 pips for the week)
Mon 5th Apr – Holiday – No trade
Tue 6th Apr -30 Pips
Wed 7th – No trade
Thu 8th +50 pips
Fri 9th – No trade
(Total +20 pips for the week)
Mon 12th Apr – No trade
Tue 13th Apr – No trade for me (couldn’t get near a PC)
Wed 14th -30 pips
Thu 15th -30 pips
Fri 16th +50
(Total -10 pips for the week)
Mon 19th Apr -30 Pips
Tue 20th Apr - No trade
Wed 21st Apr – No trade
Thur 22nd Apr +22 pips (was late in manually closing out trade)
Fri 23rd Apr +50 pips
(Total +42 pips for the week)
Mon 26th Apr - No trade
Tue 27th Apr +21 pips
Wed 28th Apr - Trade not triggered
Regards
DS
Mon 29th Mar +56 pips (broke the rules a little)
Tue 30th Mar +38 pips
Wed 31st Mar – No trade
Thu 1st Apr - No trade
Fri 2nd Apr +4 pips
(Total +98 pips for the week)
Mon 5th Apr – Holiday – No trade
Tue 6th Apr -30 Pips
Wed 7th – No trade
Thu 8th +50 pips
Fri 9th – No trade
(Total +20 pips for the week)
Mon 12th Apr – No trade
Tue 13th Apr – No trade for me (couldn’t get near a PC)
Wed 14th -30 pips
Thu 15th -30 pips
Fri 16th +50
(Total -10 pips for the week)
Mon 19th Apr -30 Pips
Tue 20th Apr - No trade
Wed 21st Apr – No trade
Thur 22nd Apr +22 pips (was late in manually closing out trade)
Fri 23rd Apr +50 pips
(Total +42 pips for the week)
Mon 26th Apr - No trade
Tue 27th Apr +21 pips
Wed 28th Apr - Trade not triggered
Regards
DS
Same here
mark120169
Senior member
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Hi All. I have a tax rebate coming in the next few weeks of £1.5k and since entering investing into shares successfully since 2007 I now fancy a trial into spreadbetting, and a simple system like this seems they way to go for me so i'm going to order the book once I get the rebate as the money was unexpected so will be available to potentially lose without any hardship. And if It doesn't agree with me I can ask for the refund.
Obviously I don't have a spread betting account but reading this forum I have decided to go with IG Index, mainly because I can set up at home @ 6.30am no probs but at 8.30am every day I am just arriving at my kiddies school for drop off so plan to use the IG mobile internet application to close out manually.
But..............having never spreadbetted before and not having got the book yet I am stumped buy the two choices of account IG offer, the "Plus Account" - Full funcionality but higher risk or the "Limited risk account" - wont lose more than your stake.
The risk issue doesn't worry me as I will stick to the system and the 30 point stoploss is there on each trade. If the £1500 gets whilltled to nowt over time then hey ho I trialed it.
But which account do I need? Do I need the Plus account for the system as I will need certain elements of the functionality such as trailing stops for the net system or is the Limited risk account a better bet?
Any help much appreciated. :smart:
I use iii.co.uk and I find it good
mark120169
Senior member
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I had a look at their site, it seems ok but the have no mobile apps I could see at all, let alone a specialist speadbetting one which is the attraction of IG Index.
I am going to change my phone to a new 3g quasi smartphone thing (still soldiering on with a good old working Nokia 6320i from 2004) but don't want to shell out for a full blown big screen 3G Iphone type smartphone or buy and lug around a 3G nettop just to close out the 8.30am deal on the move.
Hence the IG custom mobile app seemed the perfect solution and someone has already mentioned using it on an older Nokia N95 and it working well.
I plan the get the quite new Samsung Genio slide from Tesco Direct for £100!! :cheesy:
http://direct.tesco.com/q/R.207-8691.aspx
As I am already a tesco PAYG customer and the features on this quasi smartphone are amazing, 2.8" touchscreen, slide out full qwerty keyboard, Wifi, 3G , 2G , GPS, bluetooth, 3.2mp camera, and the list goes on and on and on. really good review here;
http://www.techradar.com/reviews/phones/mobile-phones/samsung-genio-slide-677771/review?artc_pg=1
It's also ok looking and not too big, ok a quite wider than the old Nokia candybar but not really much longer or thicker, had a good look at the demo one in the Local Tesco's extra today.
Like I said this will give me full internet access on the move via wifi or 3G so will be able to close the 8.30am trade almost anywhere out of the house using the IG mobile app.
Makasu Pm'ed me earlier and emailed an interesting info about the two IG accounts so I'm thinking plunging in and opening the Plus Account if they will let me as a newbie, unless someone wants to steer me to the Limited Risk Account from experience?
M
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peterf1966
Experienced member
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Yep that was me, it works very well, no fancy graphics and big screens required to close. Opening would be tricky unless the screen was big enough to see the charts in full, on the N95, you can see a small candle stick chart for instance, but not the all important MA - maybe an Iphone using the full internet platform and you could do it.
The account to go for is the plus account, and that will work just as the system says, with your stops and limits not affected by higher spread. As for trailing stops, you don't need it really, I did try it the other week, but for a 2 hour trade, not worth it. Fire and Forget is what to do!
I am 2 months in, and the system seems to be doing what it says on the tin.
The last 3 weeks have been a bit frustrating, with many no trades, but then the system is designed to keep you out of non clear trending patterns, and so it's doing it's job.
When I've had winning weeks, they've been OK, 60-70 points, losing weeks have been minor, eg about 13 points down this week.
Mark, you could start the system using a very conservative 1% / trade, ie £15 max loss, which equates to the 30 pips stop loss, and if happy go to £1/pip, which is the 2% max recommended in the book. Good luck.
peterf1966
Experienced member
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I had a flat line which went up very slightly at the end
And me!! Naughty piphead! :cheesy:
:clap:Happy days!!
Me too, I thought 3 times then no trade, but it was higher than 4am clearly so I would be wrong. As a robot operator, following 100 % rule is my job, then results follows. In a long term, this would be a small noise. (But gosh it's a 50 pips !!! how greed I am !
) No, but it is very interesting as it is very opposite (?) approach to NetTrap, NetTrap wants to avoid the big movement after 8:30, but LFOS use this volatility.
I truly recommend to have a separate account if you want to use another system. NetTrap does not care after 8:30 (yes, obvious but I did not clearly understand this until recently ) but LFOS does care !. At least, they have disclosed the details of results, I trust them ( but I think this may not fit to my psychology. )
One more thing, Bank holiday is trading day or not ? Someone asked about there is some trend for a long time. I am not sure if it would be trend or not but definitely there are some rhythm in a specific time. (if not, whey summer time difference affects so much the performance ? ) Actually this convinces me to be a robot operator.
Then, I may not trade on Bank Holidays.
Any thoughts ?
Nice day.
peterf1966
Experienced member
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Not on IG then, which provider?
