A very disappointing December for this service, 7 losing trades (-370 PIPs) and a net loss of -14%.

06/12/2010 usd/cad short -50
07/12/2010 gbp/jpy short -60
13/12/2010 gbp/jpy long -70
14/12/2010 gbp/usd long -50
21/12/2010 usd/cad long -50
22/12/2010 eur/usd short -40
23/12/2010 usd/cad long -50

This performance means that all gains made in October and November have now been given up. Performance is way off the websites 700 PIPs a month average headline. We will report back at the end of January on whether this is a slippery slope or a blip.

The first month of the year and off to a bad start for this service, 5 losing trades and just one winner with a net loss of -160 PIPs or -6%, based on 2% risk per trade and an average Stop loss of around 50 PIPs.

04/01/2011 EUR/USD LONG -50
05/01/2011 GBP/USD LONG -50
05/01/2011 EUR/USD LONG -50
10/01/2011 EUR/USD SHORT -50
24/01/2011 EUR/USD LONG +100
26/01/2011 GBP/JPY SHORT -60

The official results record a Net loss of just -60 PIPs. This is due to them reporting a winning trade where our entry was missed by 1.1 PIPs (on IG).

We are now in negative territory with this service after 4 months and will no longer be providing coverage. Of course, as always, we welcome updates from those still using the service.

hi
fwiw
I stopped my subscription a few days ago.
same reason.
After the weak performance last fall, I just watched, didn't trade, this month, luckily!
Thanks for your review work.
Also my platform didn't reach that trade either. That happened once in October as well.
later
Jim

Slight correction to the results from January 2011 as we should have included one last trade on 27/01/2011, a GBP/USD SHORT which made +100 PIPs.

So, official results record a Net profit of +40 PIPs and we record a Net loss of -60 PIPs for the reason explained in the previous post.

Apologies for the original omission.

Out of curiosity, I have just checked their results page.
There has been no update since January, so I think it's fair to assume that their performance was just as bad in February and March.

Hi Forexample,

We cannot comment as we stopped monitoring at the end of January but your suspicions may have some validity!