Slight improvement in results for Honest Forex Signals over the last week and a half. Over that period they’re 40 pips up with a record of 5 wins and 2 losers – take profit is +40 pips and the stop loss is -80pips.
I believe they’re doing an offer of the first month for $99 at the moment.
RunningTotal -185 pips
More details about the service here
Dec 02 2011
Posted by admin as Forex 121, Forex 121 Review
The eur/chf came back to hit the stop loss last Friday to give another 20 pips to the account. Total for November was around +310 pips for me – other subscribers did a lot better though. These are people who dont just wait for the signals to be sent out – they actually use the strategies to also pick trades themselves and the most successful trader in the month made 1000 pips+.
Thats not ideal for everyone but it does show the strength of the strategies and the service itself.
Total +469 pips
Forex 121 review, Profitable Forex Signal Service
Not really sure what to say about today other than its going to take a lot to top it as a first trading day with a service. I always intended to start blogging the results from today so its honestly a concidence that i made 412 pips today! which is actually 10 more than Dan himself.
Heres a link to my statement for the past 10 days of so (the losing dow jones trade for 20 pips was one of my own)
http://www.iddesignlab.co.uk/Forex121DetailedStatement.htm
What i do want to stress,apart from the results today obviously, is the level of communication you receive throughout the day.When an order goes live, a new order is added, a stop loss is changed profit taken etc etc you receive an email straightaway so you know your always in exactly the same position as Dan is.
Click here to have a look at the site
Heres Dans end of day email for today.
Hi
Ok i have decided to close WS30 for 110 pips, as I am out tonight.
I have also closed SILVER at 35.35 for 50 pips profit.
No orders left in the market and no trades in the market and now I can relax.
End of day I close for 200 + 45 + 110 + 50 – 3 = 402 pips.
Well done team.
Off for a glass of red.
Thanks
Dan
Forex 121 review
Bit unlucky yesterday with their eur/usd trade – just hit the stop loss before powering up again. Break even though so no damage done.
Details here Vantage FX
Total -55 pips
Loser for Vantage today – just 16 pips and cant argue with the rationale behind the trade either – price had bounced off resistance level where stop loss was placed & everything did look as if it could only go to the downside but unfortunately trade went against us.
Said it before but I do think this will be a good service long term – it helps that the thinking behind trades is explained in a lot of detail – although granted it doesnt make the losing trades any easier to take.
Details here Vantage FX
Total - 100 pips
Had a trade triggered overnight by the EA which is managing my daily FX charts and the 4h Gold chart. Closed this afternoon for an 85 pip gain – i’ve got the take profit set at 100 pips but the default settings of the EA have ‘stepped’ increments in moving the stop loss so presumably +85 must be one of the settings. Have to look into that but nice to see it working smoothly.
The eur/usd trade is progressing nicely and is now +120 pips. Think the most sensible thing when recording these results is to only include closed trades in the running total so we’ll basically start from today with the gold trade and record the eur/usd trade when it closes.
Current total
+ 85 pips
Full details click here
Trade signal today for Forex Morning Trade but finished at breakeven. Some traders came out with a profit because that had their stop losses at different levels but i’m just sticking with the standard settings.
Profit +160 pips
More details here.
Forex Morning Trade review
Another break even trade today for Forex Morning Trade. The price has now rebounded & gone to through the original take profit figure but i’m happy with the security this EA gives you by moving the stop to break even when it goes to +20.
I’m sure there will be people in forums talking about making the stop loss bigger because or moving the stop to break even later etc etc because that might have worked in the past couple of days but the fact is the system has worked ‘as is’ for over 18 months so i’ve happy to leave it.
Profit +160 pips
More details here.
Forex Morning Trade review
Break even trade today for Forex Morning Trade – the price was ranging in a sideways channel for a good few hours this morning before dropping far enough to trigger the stop loss to move to break even. Nice and solid so far with this system.
Profit +160 pips
More details here.
Forex Morning Trade review