Let other traders know if this service is worth checking or should be avoided.
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Aug 13, 2010,
Even i used this system in 5 trades in my real account i was lucky...
I tested this system for 2 weeks in a demo account and you are right even with a 1/1 racio it takes only 1 or 2 loss to wipe (almost) all your profit. Now i'm back to my good old ichimoku charts...
I will ask for my refund.
2010-07-27 5 Stars I have to be honest! After paying for this system and getting only one PDF with few pages i felted disappointed.
But after three days backtesting 20up-UpOrDown i can say that this is a great product. In the last 20 days i've got only one negative trade. It's also true that this system require a little "babysitting" on the market and on the trades we open, if you don't mind with that, this system is for you. Now i believe when the creator says that he turned £200 into £227,000 over 88 trading days with just one trade per day.
Congratulations to Andy Mercer for creating a great and simple system.
Aug 5, 2010,
Would you like to show your weekly results in the forum?
In my opinion there is no way you can possibly make a profit. Even if you use a 1/1 risk reward your losses are going to be double your profitable trades because of the spread. You will also be stopped out more often in the long run.
I would love you to prove me wrong:) And I would love you to be profitable.
Jul 30, 2010,
Reply to Linda.
I agree with you about the risk/reward ratio. That's why i'm using 1/1 risk/reward and lower lots to open trades and i'm already using it live with great results, 4 wins/0 losses in one week.
Jul 29, 2010,
If you had tried the method 2 weeks earlier you would have wiped out your account.
There is no way the stipulated profits could have been made.
Winning trades produce +14 pips
Losing trades produce -46
Obviously you will have winning streaks when you will accumulate profits, but there has to be losing days, and that will wipe out any gains made PLUS
With the risk/reward being as it is this is not a recommended trading style.