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Posted

i hate how this guy or SC publications advertise this stuff.....this could be a cut and paste from his 'net trap' advert

 

anyway 10mins after 10p.m (that's the only details about the system i got from ad.)...

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Posted

To temper an enthusiasm! :-?

 

 

 

 

We hope to get a preliminary review of this out in the next week or two after having our first winning trade this year, we will then update the review as per our actual results in our Live Trading room - here.

 

In the interim we just wanted to put the performance statistics for this system into perspective:

 

- The return over the last 16 months (there were no trades in December 2010) is reported as £23,100, thats an average of £1443.75 per month.

- This return is based on trading £5 a PIP which is a risk per trade of 280 PIPs (the stop for 2 lots of 140 each), this equates to a risk per trade of £1,400.

- Based on the advised 2% risk per trade that's would mean an account size of £70,000 is required to make these returns (2% a month/24% a year).

 

The main point here is do not ever simply look at the money you can make but put it into perspective in relation to the risk you are placing on each trade.

 

In the mean time we will progress our main review.

 

 

Found that here:

 

hxxp://www.systemsfortraders.com/our-up-date-request-list-ask-us-forum/50653-newsnight-trader-review-richard-hill-3.html

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