December results below, very quiet month small profit (+5.3%):

Dow Swing = 0
Dow 50 Point Scalp = £190 profit
Sunday Evening (Forex) Gaps = 0
Forex Set and Forget = 215 points loss
Forex Longer Term Trades = 0
Monday Morning Weekly = 0
Intra Day Alerts = 290 points profit

Thanks as always for your monthly update on this service which we are sure is of interest to others.

fiscelan/katal 72


Thanks very much for frequently posting your results. It helped make my mind up to sign-up for the trial service with WDS.

I've been trading the FX EOD Set and Forget signals almost every day in January and am currently down around 240 pips.

I accept WDS has losing months from time to time but what I'm concerned about is losing runs and drawdown.
During this week, I've had 12 losing trades out of 13 and lost 355 points.

What is the longest losing run you've experienced with these signals?

OB

Originally Posted by Old Buxtonian

fiscelan/katal 72


Thanks very much for frequently posting your results. It helped make my mind up to sign-up for the trial service with WDS.

I've been trading the FX EOD Set and Forget signals almost every day in January and am currently down around 240 pips.

I accept WDS has losing months from time to time but what I'm concerned about is losing runs and drawdown.
During this week, I've had 12 losing trades out of 13 and lost 355 points.

What is the longest losing run you've experienced with these signals?

OB

Hi Old Buxtonian,

I've been trading WDS FX EOD signals since July last year (2011). I've been in profit or breakeven each month but December (200 pips loss) and January (250 pip) loss. Therefore the max drawdown I've experienced was about 450 pips.

Katal has very kindly been providing his own results from Jan 2011 so we can have a better picture::
Jan 11: +600 pips
Feb 11: -170 pips
Mar 11: +180 pips
Apr 11: -500 pip
May 11: +565 pios
Jun 11: -20 pips
Jul 11: +240 pips
Aug 11: +540 pips
Sept 11: +160 pips
Oct 11: +475 pips
Nov 11: -30 pips
Dec 11: -215 pips

TOTAL 2011: +1825 pips

Not a bad result for a year of trading in my opinion.

My results from July 11 match Katal's one and our results match the one provided on WDS website. There is no doubt the results provided on WDS website are real and achievable (which is a good point, WDS seems honest).

So my conclusion is that this system does look profitable in the long term but that we'll have to be prepared to some drawdown. I've factored in my bank and mind a potential 500 pips drawdown. In 2011 the worst month has been a 500 pips loss in Apr. This is exactly what is happening at the moment but I'm confident in this system so I do not panic.

Moreover a long losing run is usually followed by a winning streak.

Also these results are easier to stomach if you trade the sunday eveing gap and Monday Morning signals because they have been also very profitable (check WDS website), even if there have not been many of these signals in the last few months.

I hope this helps!
Regards

Hi Fiscelan,

Thanks very much for taking the time and trouble to reply.

When you're on a losing run it's very easy to lose sight of the long-term, think that the system doesn't work and cut your losses.

Your reply has encouraged me to continue trading the system and contribute to this thread.

I joined WDS on 1st January and have traded the following signals on all but 3 trading days in January and achieved the following results:

FX Set & Forget: -349 points
Sunday Evening Gaps: +42 points
Monday Weekly Set & Forget Morning signals: 0 points

I missed a 50 point profit trade on the FX Set & Forget signals on one occasion because I entered the "Good Till" time incorrectly when placing my order but apart from that I'm really pleased that the risk of making mistakes with these signals is minimal.

OB

Hi OB,

My results for the month of January is as follow:

FX Set & Forget: -310 points
Sunday Evening Gaps: +71 points
Monday Weekly Set & Forget Morning signals: 0 points

Let's see Katal results. Also WDS has confirmed they will update their website with their results this week end.

Yes we're in a bad losing run at the moment with the FX Set&Forget. I've also read another thread on the same signal provider and people were also experiencing some bad losing run just to get after a very nice recovery.

Also I recommend not putting more than about 2% of your trading capital at risk! For the FX EOD signals, the stop loss is on average 30 pips.

I've stopped using W.D.S services: even though I accept that ANY system will have bad patches and bad periods,the FXSet&Forget drawdown (about 1,000 pips since November!) is simply too much for me to keep believing in this service.
It casts a serious doubt whether EOD signals can really work.

Here are my results for the FX Set & Forget & EOD service since I started using it on 6th January.

I've aligned my results with those on the WDS website to make it easier to compare them with the results reported by WDS.

4 weeks ended

29/01/2012 -199 points
26/02/2012 -320 points

Given the large drawdown since I started using the service I was very tempted, like Fiscelan, to call it a day but have decided to persist as these signals have a consistent, long-term track record of generating around 1500 points per year.

I've since been rewarded with 133 points in the past week

However, I have stopped using the Sunday Evening Gaps and Monday Weekly Set & Forget Morning signals, as they are impractical for me to trade.

OB

Appreciate the updates on this service as always - Thanks for taking the time for posting both the positives and negatives.

January & February results below, poor couple of months by WDS standards (particularly forex set & forget but Dow Scalp & Intra day performed well) - small profit overall (+1.5%):

Dow Swing = 0 Jan & Feb =
Dow 50 Point Scalp = £50 profit Jan, £185 profit Feb
Sunday Evening (Forex) Gaps = 100 points profit Jan, 200 point loss Feb
Forex Set and Forget = 260 points loss Jan, 115 points loss Feb
Forex Longer Term Trades = 0 Jan & Feb
Monday Morning Weekly = 0 Jan & Feb
Intra Day Alerts = 90 points profit Jan, 225 points profit Feb