If you want the extact no of pips per trade am happy to post but as I said it won't assist you in any way as they are not a true reflection on the system's performance.

After the excellent reviews I have also purchased this system, as I think it has real long term potential. However as I work full time I am not around to enter trades or monitor for most of the day. Therefore I will use the EA and set it up on an Alpari UK MT4 platform using a micro trading account . The EA is quite basic but will do most of what I need; which is place the orders and get the money management right regarding placing targets and stops. I will still ( I believe) have to remove opposing trades when the days target is hit; but believe there will still be enough time in the day to achieve this. Overall I believe this system will have lengthy periods of choppy activity, but overall will make a decent profit. Money management is crucial and by limiting trade losses ( and gains) to around 2% of a live account should make any drawdowns bearable. The strategy is extremely well explained and one of the best I have seen in years of trying and testing similar... good luck to all!

Hi all,

Some good posts.

GBPJPY - Timing doesn't suit us - that's our reason.

Segregated accounts - We try and trade each system we trade on separate accounts to keep record - but thats only really essential when we are conducting reviews. Others we track on a spreadsheet to keep a true account of where we are at with each system.

We will publish our actuals from July at the end of next week.

OK after a few interchanges with the 1 minute support team, who responded within a few hours of both queries, it appears that the EA is much more sophisticated than I originally thought. So NO adjustments are required, once set up, which is hugely reassuring as this is why I purchased it in the first place. The EA will only enter an order at market (no pending orders to remove) when the break out has occurred and will not trade again once the first profit target has been hit for the same day. It will allow opposing orders on both the next day, if an original order is still trading from the previous day, and the same day if the original trade has been stopped out ( on an MT4 platform which allows such as Alpari UK). I have had years of experience trading EA's and I am always extremely sceptical about promises made. Most trade ridiculously complex systems using crazy money management - this one appears to break the mould. They will never replace manual trading but for those without regular platform access are the next best thing.

Thanks for the well written update - We trade 1 Minute Daily on a spreadbet account thus cannot automate.

I don't know if its my maths but the R:R ratio on this can be a bit scary. There seemed to be a position today that had a 100+ stop loss with a target of 50ish? Do I need a new calculator or balls of steel?

R:R is always 1:1, the target is the same as the range. You risk the same amount per trade, so lower your lot size the larger the range.

Originally Posted by Raskol

R:R is always 1:1, the target is the same as the range. You risk the same amount per trade, so lower your lot size the larger the range.

I was wondering about that, too. (It'll save the weight of those steel balls).

Risk:Reward is always about 1:0.95 (depending on the pair you trade) with this system as the spread is taken into account. Today for example the range was 90 for GBPUSD - Stop was 94 pips and Target was 89 pips. We will try and sort a spreadsheet for this and make it available. In the meantime our Trade Sizer may be of use to some who don't have it - here.

Well I've spent a long time adding up and taking away and the R:R just didn't stack up....and then I realised I'd posted on the wrong board. Sorry chaps but thanks for the replies.