Spreadbetting journal £1,000 - £30,000

[stprofits]

That is ok if you are in front of the computer at market open and even then it is hard to get the exact open fill. It could work in your favour or not.
If I was to use this system I need to place an order, stop and limit before hand as most people are working. That’s what you instruction sounded like not a guestimate.
Do you send out exact entry prices on your website?

Cheers

Just to clarify further.
As in my instructions, where there is a case like today it seems the dow may open lower than the stop loss. In this case, if it does open lower at 14.30 you would put an order in to buy at the closing price of 12212 if and when it hits that level and set your stop loss and limit level as normal.

 

[stprofits]

summary
opened:below stop loss. No trade

account £1125

trade for 11th march

Signal: Sell
Open trade time: Opening bell 14.30pm (GMT)

Closing price 11982/stop loss 12101/limit 11918

Potential profit 64 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

 

[stprofits]

summary
opened:11933 closed: 12044 profit: -111 points

account £1125 - 111
£1014

trade for 14th march

Signal: Sell
Open trade time: Opening bell 14.30pm (GMT)

Closing price 12044/stop loss 12095/limit 11885

Potential profit 159 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

 

[Doomberg]

summary
opened:11933 closed: 12044 profit: -111 points

account £1125 - 111
£1014

trade for 14th march

Signal: Sell
Open trade time: Opening bell 14.30pm (GMT)

Closing price 12044/stop loss 12095/limit 11885

Potential profit 159 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

If the sell price is already as low as 11981 then how are people supposed to use the above info?

Cheers

 

[stprofits]

If the sell price is already as low as 11981 then how are people supposed to use the above info?

Cheers

As stated in the rules: if the open price is above or below the stop loss and limit levels there will be no trade untill the price is at the quoted closing price, if this happens then you would trade with original levels as normal.

 

[Doomberg]

Ah i understand now, so if at 2:30 its no way near the signal you just leave it, and at the end of the day cancel the order and place the new one ready for the next day?

 

[stprofits]

Ah i understand now, so if at 2:30 its no way near the signal you just leave it, and at the end of the day cancel the order and place the new one ready for the next day?

exactly.
For example
you want to buy the dow @ 12,000
stop loss @ 11,990
limit level @ 12,010

at 2.30 the open price is 12,030
you need to wait or place an order for the original closing price quoted.

IF the open price at 2.30 was 12,002 you could buy straight away.

 

[Doomberg]

Ah ok so it has to be the previous close price with the signal you give, but if its a couple of pips away its ok to order then... see what you mean, will keep an eye on this mate it seems of interest

 

[dubula11]

basically today you would have taken the trade and you would still be in it, sounds a bit dodgy to me and if you entered the trade today at us open your r:r would be lower or equal to roughly 1:1 but i see r:r cannot really be applied to this system
its hard to really applyr:r though as we do not know the basic principles of these trades, are they jyst random numbers??
Anyway dont want to be over critical I work for an investment bank and i doubt my trader has a strategylol
good luck

 

[stprofits]

Summary: open: 11982 close: 11993 profit: - 11 points


Account £1014 - 11
£1003

Trade for 15th March

Signal: Sell

Open trade time: Opening bell 14.30pm (GMT)



Closing price 11993 /stop loss 12045 /limit 11846



Potential profit 147 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

 

[stprofits]

Summary: opened below limit level No Trade


Account £10003


Signal: Buy

Open trade time: Opening bell 14.30pm (GMT)



Closing price 11855 /stop loss 11798 /limit 11923



Potential profit 68 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

 

[stprofits]

summary: opened at 11800 stoped at stop loss 11798 profit: -2 ponts

Account £1003 - 2

Account £1001

Signal: Sell
Open trade time: Opening bell 13.30pm (GMT)

Closing price 11616/stop loss 11680 /limit 11505

Potential profit 109 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 20.00pm (GMT)

 

[stprofits]

Summary: Opened above Stop loss. No Trade

Account: £1001



Signal: Sell

Open trade time: Opening bell 13.30pm (GMT)



Closing price 11774 /stop loss 11787 /limit 11564



Potential profit 210 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 20.00pm (GMT)

 

[stprofits]

Summary: Friday's trade opened and traded above the stop loss. No Trade.

Account: £1001

Trade for Monday 21st March

Signal: Sell
Open trade time: Opening bell 13.30pm (GMT)

Closing price 11858 /stop loss 11928 /limit 11726

Potential profit 132 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 20.00pm (GMT)

 

[stprofits]

Summary: Monday's trade opened and traded above the stop loss. No Trade.

Account: £1001

Trade for Tuesday 22nd March

Signal: Buy
Open trade time: Opening bell 13.30pm (GMT)

Closing price 12036 /stop loss 11950 /limit 12129
Potential profit 93 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 20.00pm (GMT)

 

[trader30]

Your website doesnt say it was "simulated" trends.

This is all a bit silly isnt it?!

This is just flip a coin stuff......sorry.

Hi big goal right?
I'm looking to start a journal that shows my trades before the market opens so you can follow if you like.
I have been simulating trades for the past year with my own formulated strategy which has proved very successful!
I turned £10,000 into just over £300,000 in 12 months!
Yes i was using an aggressive money management system where I would double up every time my capital did however the strategy I am using has worked out to be very profitable and consistent.

My goal now is to use my own £1,000 and take the plunge! its sink or swim time!
I can afford to lose £1k so if this doesn’t work then so be it it's worth a shot

Strategy:
I will place my trades on here just after the market close for the Dow Jones for next days trading at the opening bell for the Dow Jones the next day at 14.30pm GMT

Example of trade notification.Signal: BUY closed price 12400/stop loss 12333/limit 12500
Potential Profit: 100 points

Buy= trade direction
Closed price = what price did the Dow close so we know ball park figure for opening at 14.30 GMT
Stop loss = what level to set stop loss
Limit = what price to set limit to take profits


Rules:
I will start with £1k and use a £1 per point allocation until I turn it into £2k
then I will trade £2 per point. Once I double my account size again to £4k I will use £4 per point increasing as my account does.
I have little room for error however this system works well.
All trades must be closed at the closing bell at 21.00pm (GMT) if they have not been triggered by the stop loss or limit level.

If the opening price is above or below the stop loss or limit price I will not trade until it falls to previous levels close price.

Your welcome to enjoy the ride with me

 

[stprofits]

'simulated trends'??
Feel free to follow and watch me flipping coins..

 

[trader30]

will do. (sorry i meant "trades")

youre up a quid. flip that one....

(hopefully you will prove me wrong - good luck!)

 

[stprofits]

Summary: opened: 12038 closed:12018 Profit: -20 points

Account: £1001 - 20
£981

Trade for Wednesday 23rd March

Signal: Buy
Open trade time: Opening bell 13.30pm (GMT)

Closing price 12018 /stop loss 12000 /limit 12100
Potential profit 82 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 20.00pm (GMT)

 

[stprofits]

Summary: opened: below stop loss at 11997 trade was triggered at yesterdays close price of 12018 closed:hit limit level at 12100 Profit: 82 points

Account: £981 + 82
£1063

Trade for Thursday 24th March

Signal: Buy
Open trade time: Opening bell 13.30pm (GMT)

Closing price 12086 /stop loss 11985 /limit 12166
Potential profit 80 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 20.00pm (GMT)