What currency pairs do you trade?

Our main strategy I only trades EURUSD, one position at a time with one Take Profit, Stop Loss and Trailing Stop Loss Level.

We have added "supplementary" trades from late February '08. only available to paying clients, not trialists. It is referred to as supplementary strategy II, you can view the performance on the results page.

Do you use a Stop-Loss?

Yes. We always use a stop-loss AND trailing stop loss on EURUSD I to safeguard our positions in case the market moves against us. We tell you beforehand how many pips you should set for your stop-loss for each pair/signal. Metatrader 4 allows you to set the stop loss level different to the trailing stop level giving you complete flexibility in this area.

Is this system 100% mechanical?

It is mechanical for the client but we are basing our strategies on the above mentioned criteria, so our side is discretionary signal generation. We give the client exact trade rules. The client does not have to use any discretion when the alert comes in at a similar time each day. The signal is very easy to follow and looks like this: www.fxspotdesk.com/tradesignal.gif

How long do you hold the positions for?

Normally, the position is held for less than 24hours, if the maket is very quiet and we are still holding a position at the EOD (End of Day), sometimes we will roll it into the next day. 

Do you offer Auto-Trading?

Our live clients have access to an EA - "Expert Advisor" that allows a time based entry for the main EURUSD I strategy. The EA is not a fully automatic EA that sits on your account 24 hours a day to take signals. The intention of the EA is to allow clients a time based entry at 9pm GMT without being present to enter the trade to the broker account. When the alert is received at 4-5pm GMT, the client can enter the parameters to the EA and attach the EA to the chart and it will open the trade, on time at 9pm GMT. The EA is fully editable at client side, so they can modify the stop loss, take profit and trailing stop loss.

What is the best way to trade your signals?

Our system was developed to minimize the time needed to be successful in the Forex market. There is no need to sit in front of your computer monitoring your trades. It is important that you follow the instructions carefully of when to enter a trade and when to exit that trade. Our alert are sent by email.

What if I'm not available to open/close the trades at the times specified?

Live paid clients have access to an EA that runs on your PC and activates the orders at the specified open time.  See the question 2 above.

Can I close my trade before the specified closing time if I am in good profit?

Yes you can but in order to replicate our results you need to follow our plan. (Your results may vary, perhaps negatively, if there is a deviation from the signal timeframe.  No guarantee is given that your results will be identical to the signal results as they do not take into consideration the spread or execution.)

How much can I expect to make with your system?

It depends on how much leverage you use, and your ability to execute the trades at the times give with our signals. Our performance history will give you a good idea of what kind of profit is possible. (Please remember past performance is not indicative of future success, your results may vary.) Take the total monthly pips for each pair and multiply that amount by $10 or $1 to get the total amount you would have made for that pair if you used 1 Standard Lot, or 1 Mini Lot respectively.

How much leverage should I use with your system?

That all depends on how much monthly return you are looking for and how comfortable you are with the potential risks. The more leverage you use, the more profit you can make, but you can also lose more on any unprofitable trades. Below are 5 different strategies you can use:

How much do I need in my Forex account to trade every pair/signal you offer?

You require only $50 margin to open one mini lot and $500 margin to open a 100k lot.