Website : Winning DOW Signals Website
Publisher : Winning DOW Signals Team
Cost : Options from £25 - £95 per month depending on services - Performance Related Payment schemes are also provided
Review Date : September/October 2010 (Apologies for the late posting of this review)

WHAT IT SAYS ON THE WEBSITE

Tina Turner eat your heart out - Winning DOW Signals claims to offer "Simply The Best End Of Day & Intra-Day Trading Signals You Will Ever Find". In this review we look into the End Of Day signals to provide some form of validation of this claim.

The "strategies are proven in all market conditions and performance has been consistent over a number of years" and the "end of day trades are 100% Set & Forget".

End Of Day Signals

There are three separate services here, DOW Swing, DOW 50 Point and Forex Set & Forget.

DOW Swing Signals "attempt to capture gains over the course of a number of days" with a view "to achieve a profit in excess of 100 points per trade". Signals are sent between 9pm and 10pm and the service claims to average 200 points per month.

The DOW 50 Point (Scalp) service is a "short-term" trade that is usually complete by the time the London market opens the next day. Signals for this service are sent at 9pm (UK time), average return £360 month.

Forex Set & Forget Signals "cover 4 Forex pairs and are send each evening between 10pm and 11pm (again UK time)". This service claims to average 250 points per month.

Intra-Day Signals

Intra-Day Levels - A service whereby "levels" are provided each day for the DOW, FTSE and 6 Forex pairs "where profitable trading set-ups are most likely to occur".

Trade alerts are sent throughout the day between 8am and 830pm and provide cover for the DOW, FTSE, Forex, Oil and Gold markets.

With so many services on offer we chose to focus on the End Of Day signals as these are more pertinent to our style of trading and of more interest to the majority of our members. We will therefore not comment any further on the Intra-Day Signals.

Full results for the DOW services from 2007 and for the Forex services from 2009 are provided on the website. All services show a positive annual return with the exception of the DOW Swing Signals in 2010.

All services can be experienced for 4 weeks for £9.95 by filling in the Trial Request form on the website.

THE SERVICES

The DOW Swing Signals

Signals come through between the hours of 21:00 and 22:00 UK time. The signal can either be an instruction to Open a position at market (an Entry guideline is specified as is a Stop and Target), action for an Open a position or No trade. When a new trade is opened, more often than not details of a second order are also provided, perhaps around 100 points away from the first entry thus adding to the open position at a "better" price if the trade goes the wrong way. With this in mind, typical Risk:Reward works out around 1:1.5. These are signals best reacted to immediately as positions are opened at the current market price.

The DOW 50 Point (Scalp) Signals

This time signals typically turn up just before 21:00 UK time. No entry price is specified but a Target of 50 points is set (this is based on IG Index prices for the Index). For the Stop there are two proposals, Option 1 = 50 points and Option 2 = 350 points (or no Stop at all!). From the website, it appears that Option 1 generates around 100 points a month profit or 4%, Option 2, 300 points a month. The latter is less than 2%, based on 2% risk per trade so it was a no brainer for us to use Option 1 on this basis alone. Again, signals are best reacted to immediately as they are also opened at the current market price.

The Forex Set & Forget Signals

Probably the simplest and most straight forward of the 3 services. Signals are clear, Currency pair, Trade direction, Entry, Target and Stop. Place the orders, Set & Forget. Typical Risk:Reward is around 1:2. Signals usually come through between the hours of 21:30 and 22:30 UK time. With up to 6 trades (not 4 as per the website), expect to spend 5 - 10 minutes entering orders and double checking them. On occasion price can be reasonably close to the current market price so it's best to react to these within an hour or so.

Note: The vendor also issues what seems like a bonus Sunday Evening (Forex) Gap service. The timing, just before 22:00 UK time on, surprisingly, Sunday evening, was not a suitable time for any of us to use and analyse the performance of this service. However, we can note that Entries are at current market price and a Take profit price is specified. A Stop of 50 pips is suggested as is re-entry 50 pips further away than this if it is taken out, so not a straight forward Set & Forget without some good order management.

CAN IT WORK

We ran these services for 2 months, September and October, our analysis follows.

The DOW Swing Signals

Our first signal was a Sell on Wednesday 8th September which was taken out on Monday 20th September for a net loss of -260 points. Our second signal, again a Sell, was issued on Tuesday 12th October and, again, taken out on Thursday 4th November for a net loss of -260 points. Thus, overall we made a net loss of -520 points on this service during our 2 months exposure. These are in-line with the actual results reported on the vendors website.

The DOW 50 Point (Scalp) Signals

In September we took 11 trades, 5 were losing trades and 6 were winning trades - We made a net +49 points. In October we took just 5 trades, 2 were losing trades and 3 were winning trades - We made a net +71 points. Based on a 50 point Stop and 2% risk per trade this was a net return of +2% and +3% respectively. This also seems to be in-line with the results published on the website for the same period.

The Forex Set & Forget Signals

In September we took 57 trades for a net profit of +24 pips. October was slightly quieter with just 34 trades but a much more impressive +394 pips profit. Our average Stop loss was around 30 pips so this is a net return of 25%+ over the 2 month period. Again, these also seem to be in-line with the results reported on the vendors website.

Note: Due to the way the vendor reports results (on a 4 week basis) it was not a straight forward exercise for us to reconcile our results. We were not provided with a daily break-down for the DOW 50 Point and Forex Set & Forget services.

In summary, the DOW services disappointed during our 2 months exposure but the Forex service was much more rewarding to say the least, all for 5-10 minutes effort each evening. Our +394 pip month does seem to be the exception rather than the rule but with only 1 month of drawdown in June 2010 (assuming all historic results are accurate) of around 4% it does seem the more attractive of the services we looked at. At £25 a month it is also at the lower end of the vendors pricing structure. The main downside here is that historic results only date back 12 months, to October 2009.

We will report our November results for the Forex Set & Forget service shortly.

SUPPORT

Usually within 48 hours and to the point.

CONCLUSION

PRO's
• All services are reasonably straight forward to operate.
• The Forex service seems the most attractive.
• A 4 week trial for all of the services is available for what seems a reasonable £9.95.
CON's
• The DOW services disappointed - One shows an actual loss to date for 2010 and the other a 10% profit based on a 50 point stop and 2% risk per trade.
• The DOW services also require instant reaction to execute at market.
• Would like to see reporting on a monthly, rather than a 4 weekly, basis.


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.

Many thanks for this Review Team. Disappointing service overall, but the Forex sounds promising.

You are welcome - Like you say, some bad some some good - It seems.

Will be interesting to see forex november results. You mention 25% return over 2 months - what risk per trade was this based on?

Apologies, we thought we had mentioned that, it's our usual 2%.

Hi,

I use there 9pm Dow Scalp main strategy service for more then a year now and i'm verry happy.
I'ts verry easy to use you just have to be at your pc at 20:55 UK time.
There results are correct.
They also don't have an affiliate system and that's what i like.


kind regards.

Xavier.

Hi Xavier,

Thanks for your feedback it's always great to hear from those that have more exposure than us, because of course we cannot devote that much time to each system/service we review. As noted in our review we too made a small return on that service (Option 1) in our 2 months exposure and it seems like it would be up about 20% YTD based on a 50 point Stop and 2% risk per trade, a performance that is reasonable to say the least. However, we did note that the Forex service may be more rewarding.

Thanks again for the input.

Hi

I've been using this for a while and I'm clearly doing something wrong as my results are miles off theirs and yours. Is there any way I can see your spreadsheet of results?

-Bobby

Hi Bobby,

Which services are you running please - E.g. for the DOW Swing there have only been 2 trades in the past 2 months and for the DOW 50 Point 16 trades.

Hi

It's the Forex set&forget service that I just cannot reconcile their figures with.

-Bobby