First, the trades.

Trade 2
20-Oct-09
USD/JPY
Long @ 9082
Initial Stop @ 9035
Exit date 21-Oct-09
Exit @ 9104 (Half position) & Break-Even (other half)

Trade P&L +11

MONTHLY P&L +25

Trade 3
22-Oct-09
EUR/USD
Long @ 15001
Initial Stop @ 14947
Exit date 22-Oct-09
Exit @ 15027 (Half position) & Break-Even (other half)

Trade P&L +13

MONTHLY P&L +38


Information: Since we installed version 2.0 of LMT we have had only 3 trades in almost a month. We suspect part of the reason behind this is this response we had from LMT:

"Currently the markets are counter trend on the 4H. The new LMT monitors the 4 hour and the Daily charts so if trading the 4 hour it will only alert you to trades if the Daily is in the same direction, currently this is not the case for many pairs."

Well, at least all 3 trades have been winners (but none of them have been the "runners" we would like to see more of). So, slowly but surely, as always, it's taking minimal management time, and all being well we hope to see more improved returns from now on.


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

A rather boring but profitable October, see previous post for reason. 3 trades, all (small) winners and a (small) net profit of 38 pips.

SUMMARY
June - 13 trades = +41 pips
July - 6 trades = -91 pips
August - 8 trades = +61 pips
September - 11 trades = -6 pips
October - 3 trades = +38 pips

Again, not only was it a quiet month but we had none of the type of trades that really make the results matter for this system, a runner to 2nd target. The system is still taking up little time & effort, we still like trading it, so we will continue with it for now. Although we have to admit to being a little frustrated with the "standing still" performance at present.

As usual we will report all trades in November and December and once again, it would be most welcomed to hear of others experience with this system, on 4 Hour or Daily charts.


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

Trade 1
05-Nov-09
EUR/JPY
Long @ 13484
Initial Stop @ 13409
Exit date 6-NOV-09
Exit @ 13409

Trade P&L - 75

MONTHLY P&L -75


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

Trade 2
10-Nov-09
EUR/JPY
Long @ 13496
Initial Stop @ 13421
Exit date 10-Nov-09
Exit @ 13421

Trade P&L -75

Trade 3
10-Nov-09
GBP/USD
Long @ 16724
Initial Stop @ 16641
Exit date 11-Nov-09
Exit @ 16765 (Half position) & Break-Even (other half)

Trade P&L +41

Trade 4
11-Nov-09
EUR/JPY
Long @ 13512
Initial Stop @ 13438
Exit date 11-Nov-09
Exit @ 13438

Trade P&L -74

MONTHLY P&L -183


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

Firstly, just one more trade to report for November:

Trade 5
13-Nov-09
USD/CAD
Short @ 10519
Initial Stop @ 10579
Exit date 13-Nov-09
Exit @ 10489 (Half position) & Break-Even (other half)

Trade P&L +15

MONTHLY P&L -168

LMT continues to frustrate slightly. It's now back in the Red again for the second time and also means that after 6 months of trading we are showing a net loss of 125 pips. With an average Stop loss of 60 pips this means we are down around 4% on our account in 6 months of trading.

SUMMARY
June - 13 trades = +41 pips
July - 6 trades = -91 pips
August - 8 trades = +61 pips
September - 11 trades = -6 pips
October - 3 trades = +38 pips
November - 5 trades = -168

As mentioned above, LMT is continuing to frustrate slightly and has been, it seems, since version 2.0 of the indicator was released. Again, we had none of the type of trades that really make the results matter for this system, a runner to 2nd target. The system is still taking up little time & effort, we like trading it, so we will continue with it through December. However, we are seriously considering whether to continue with this system in 2010, we will review this during the festive break.

We really would love to hear from others using this system.


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

So far in December and rather frustratingly, we have had no LMT trades at all - remember we trade the 4 hour time-frame only.

Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

Just one trade to report for LMT in December:

Trade 1
15-Dec-09
EUR/USD
Short @ 14609
Initial Stop @ 14667
Exit date 15-Dec-09
Exit @ 14581 (Half position) + 14
Exit second half on 16-Dec-09 @ 14577 +16

Trade P&L +30

MONTHLY P&L +30

A vast improvement on the previous month where we suffered a loss. Again, though trades are few and far between even considering it is December.

We are still showing a new loss for the year (after 7 months trading) of around 100 pips. With an average Stop loss of 60 pips this means we are down around 3% on our account for the period.

SUMMARY
June - 13 trades = + 41 pips
July - 6 trades = - 91 pips
August - 8 trades = + 61 pips
September - 11 trades = - 6 pips
October - 3 trades = + 38 pips
November - 5 trades = - 168 pips
December - 1 trade1 = + 30 pips

As mentioned at the end of November, we are seriously considering whether to continue with this system into 2010, we will be reviewing this during the festive break.


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

I have been trading the LMT Forex system for 3 months with mixed results.

I trade the daily system but have not taken all trades only the ones I see at the time.

5 Oct 09 Long EUR/USD 1.4661 1.4718 Gain +57 pts
6 Oct 09 Short GBP/JPY 141.36 140.95 Gain +41 pts
7 Oct 09 Short EUR/JPY 130.20 131.63 Loss - 143 pts
19 Oct 09 Long AUD/CAD 0.9532 0.9724 Gain + 192 pts
29 Oct 09 Long EUR/JPY 133.85 135.25 Gain +140 pts
16 Oct 09 Long EUR/USD 1.4842 1.4673 Loss -169 pts
4 Nov 09 Long EUR/USD 1.4873 1.4985 Gain +112 pts
9 Nov 09 Long AUD/USD 0.9385 0.9285 Loss -100 pts
25 Nov 09 Long EUR/USD 1.5082 1.4982 Loss -100 pts
16 Nov 09 Long AUD/CAD 0.9805 0.9685 Loss -120 pts
16 Nov 09 Short EUR/GBP 0.8887 0.8895 Loss -8 pts

In Summary I have taken 11 trades using LMT which netted a total loss of 98 pts an average loss of 9 pts per trade Therefore I am disappointed with the system as I have used it.

Regards
Geoff

All,

As you are aware, we have become more frustrated with this system in the last few months. We were not able to trade the recommended Daily timeframe (as we are sleeping when the Daily candle closes (decision time)) but we did trade the alternate 4 hour time-frame for a period of 7 months. We liked the relaxed approach to this system and also, in the beginning, the returns. A few minutes every 4 hours, place a trade and walk away, or, just walk away (if there are no trades).

Although not spectacular, in the beginning, the returns were respectable for the effort we were putting in. However, in Q4 2009 (coinciding with a new release of the indicators) the system started to disappoint, not only opportunity (frequency) wise but also performance wise. As mentioned, we liked trading this system, it really was ?Low Maintenance Trading (LMT)?. But, after reviewing our position at the end of 2009 we have decided that we would not continue with it into 2010.


ReviewTeam - www.systemsfortraders.com