Hi,

We use Ava FX (for indicators) and also IG Index (for trading) - exactly the same as the London Forex Open team as we believe. We suppose thats why we have the same results. The system is 100% mechanical so it would be of some surprise if our results did differ.

Our trading room which we and others try and participate in every morning is here and it is extremely rare that any of us get differing results. Where we do on rare occasion it is usually where different brokers are used. This is to be expected from time to time because of pricing and spreads and is why we use what the London Forex Open team use - To best eliminate this.

Hope that helps.


ReviewTeam - www.systemsfortraders.com

Thank you very much for your reply and for your very usefull work.

Besides please apologize my bad english, i'm not a native speaker.

Again, many thanks....

No problems, you are welcome and we appreciate your input.


ReviewTeam - www.systemsfortraders.com

Below are our trades for the month of May.

MAIN SYSTEM (We trade the Conservative strategy)

4-May-10 Short 120
10-May-10 Long 120
14-May-10 Short -120
18-May-10 Long -120
24-May-10 Long -20

Profit/Loss = -20 pips

With an average stop loss of 120 (3 lots x 40 pips) and 3% risk per trade, May P&L = -0.5%

"ADVANCED" (FALSE BREAKOUT) SYSTEM

13-May-10 Short 125
19-May-10 Short 125
26-May-10 Long 125
27-May-10 Short 0

Profit/Loss = +375 pips

So, a net profit of 25% this month for the Advanced strategy based on a Fixed Stop loss of 45 pips and 3% risk per trade.

An impressive +24.5% for the system as a whole for May - An excellent return based on the effort we put in !

As always, any others with experience of this system, your input is welcomed.


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

Hi Can i ise this system on capital spreads, and will it be ok for me as i have limited knowledge of trading

In the Trading room people use various brokers - not sure if Caps is one of them but we would imagine that it will work just as well as the others. We use IG because of the Stepped Trailling Stop Loss function.


ReviewTeam - www.systemsfortraders.com

so as a newbie can i use this

What is a stepped trailing stop loss function?

"Newbie" as you refer to yourself - As individuals we all vary so we would not wish to provide a categoric yes to this answer. We can say though in terms of trading it is probably one of the most simple Forex trading strategies we have reviewed.

Stepped Trailling Stop Loss - Not even sure if we have used the correct term but it basically means that when an instrument moves say 50 pips you can specify to move your stop 50 pips. So if you are in a trade long from say 15550 and your initial stop is 15500 when 15600 is hit the stop will move to 15550 (break-even) - Subsequently if the instrument rises (100 pips) to 15650 the stop will then move to 15600 thus "locking in" 50 pips profit.

Others may have a better view or explanation than us on the above - hope it helps.


ReviewTeam - www.systemsfortraders.com

Hi reviewteam - I am thinking about purchasing this system and am reading the review, journal and live room threads. I do have one question that springs to mind though: You mention trailing/moving stops, and this is something that I often do manually, and how you can do that automatically using IG Index. I use IG index and cannot see this feature - can you tell me where I can do that please?

Thanks a lot in advance.