MRP Strategy VIDEO Review
MRP Strategy Feedback, December 2013:
Check out the latest feedback from MRP Strategy members …
“Things have been going so well in fact that I started calling it More Repeat Profits, but more recently I’ve dubbed it Martins Ripper Product! “I’ve been telling other people about MRP also, but you know, I get this funny reaction- namely disbelief- they think it’s just not possible, exactly the same reaction I would have had a couple of years ago!!! In fact a couple of years ago I was struggling to believe I could even gain more than what the bank gave me! A big change and I’m very grateful for it. “So anyway, a big THANK YOU is in order for making MRP available. I look forward to a profitable year in 2014.” Darin, December 2013MRP Strategy Update October 2013:
If you haven’t already, please make sure you’re a signed up member of Traders Bulletin by filling in the box to the right. It’s completely free and means you can read my on-going results in the comments section below. I try to keep this as up-to-date as possible, to give you a clear picture of how the strategy is faring. Have closed 4 trades so far this month, all for a profit, leaving me over £2,000 up already (and it’s only the 10th of the month!)
MRP Strategy Update July 2013:
Martin has recently enhanced the MRP Strategy indicator on this product to seriously boost its returns. And the results have been every bit as good as he promised.
It’s standing at 35 winners in a row as I write! Check out my MRP Strategy video review, which shows evidence of £23,560.97 in less than 9 weeks. Phenomenal:
Read Martin Carter’s letter here
What they say about MRP Strategy:
I’m going to bust the 3 biggest myths in trading
In this letter I will tell you:
• Exactly what these 3 false “trading rules” are
• How they are designed to lose you money
• And how you can avoid this trap.
Dear Reader
What you’re going to read here is controversial.
It’s going to go against many of the things you’ve been told about trading. And it’s going to expose the misinformation that’s been fed to us by brokers and market-makers.
I don’t doubt that many people who read this simply won’t be able to accept the “perceived wisdom” being questioned like this. But if you are willing to question the “facts” – I guarantee, you’ll never look at the financial markets in the same light again.
If you’re new to trading, the information in this letter could save you a great deal of time and heart ache.
And if you’ve trading experience, I believe that you’ll recognize the truth in what I’m about to tell you …
In this letter I will explain exactly why the market-makers and brokers want us to trade in a particular way … and I’ll explain exactly why this way of trading is very likely to work against you.
If you take nothing else from this letter, I hope it will make you question the so-called “trading education” that’s bombarded at us from institutions who themselves would never trade like this.
Price:
£297
Guarantee:
30 days
Where to buy:
Thames Publishing Ltd
Click here to start your risk-free trial.
Plus, you can read comprehensive feedback from the Trader’s Bulletin team of independent beta testers on this page, plus comments from LIVE traders who are actually using MRP Strategy right now.
Beta tester feedback
I asked each beta tester to tell me what they’d tell a potential MRP Strategy member about this strategy, warts and all. This is what they said …
“I would definitely recommend to anyone to try this strategy! Put away your doubts & apprehension. Forget what you think you know. Open you minds to new ideas & give this trading a go! The stats speak for themselves – 26 trades & only 2 losses giving 92% success rate. Haven’t seen that anywhere else. Just stick to the strategy, don’t get greedy & this will work. Thanks.” Tim Smith
“This amazing strategy has now become the only way to trade for me …. Finally something has come along that actually works and is a secret revealed as being used by the big institutions and legends of the markets. Its your turn now. Its been an amazing and awe inspiring learning curve for me and it has changed me forever as a trader. I now know to make money smartly” Alex Cohen
“If you are fed up studying charts, checking indicators, trying to find your trade entry point, then give this a try. If you want something completely different from the normal frenetic trading activity, give this a try. If your stop loss is always being hit just before the market reverses, give this a try.” Tony Jones
“When I started this trial I was a complete beginner to trading and had never looked at a screen or placed a trade in my life, and was looking to make more than my ISA and bank interest. I can confirm that MRP has surpassed all my expectations. I’d definitely recommend this to anyone, for if a 64 year old newbie like me can pick it up so easily, ANYONE could do this.
I’d also say that because of the way MRP works, the risk factor is very low, and the fact that you don’t have to be chained to the screen all day to make regular profits means I’ll definitely be using this to make an extra tax free income.” Lewis Cray
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433 comments
daood akram
Is anyone else out there – or have most people given up on this strategy??
daood akram
Today is the 13th of August/.
Last three days have been BIG losses not small ones. e.g today it was b Cac sell Dax yet was dax was up .70 % ahead of cac for a significant part of day and at no time did I see the Cac ahead the etire day despite logging on every 20 m. Please do no trade today if the trade is not strong otherwise we will be wiped out soon
Mark Rose
I have to admit it’s taking longer than we’d hoped, but we are testing an upgrade to the strategy at the moment.
MRP has suffered during the Ukraine crisis as the DAX has been reacting more to news than the less exposed CAC.
It’s been one of those left field world events that can put a spanner in the best thought out strategy. If things carry on performing well, I’ll start posting some trade results here.
Regards
Mark Rose
daood akram
July 24th what happened today?
Cac was ahead of dax o.4 around noon but NO TRADE TODAY
daood akram
Hi today is the 17th June 2014
three days of no trade days yet the dax was yet again ahead of the cac by .35% WHAT IS GOING ON ????
Roy
Well, the days go by, so this just a ‘Radio check’, to see if anyone still has a pulse. There have been some cracking trades, of late, and always interested to see how others are doing.
May be I am looking at the wrong webpage, so apologies, if so.
Roy.
Roy
Darin.
Pleased you’re still motoring.
The last few days have been disappointing, and created a bit of uncertainty.. In the majority of cases, I have stayed out.
The RSI I like, and can be a very useful tool–worth reading up on it, as it can be misleading in overbought/sold situations.
Enjoy your trading.
Roy.
Darin
Hi Roy, I’m one of the one’s still ‘dug in’ (admittedly only just at times!), but glad to hear it’s still going ok for you and any others still trading. I’m just demo at this point using the old system, but (and I don’t want to tempt things here) it looks like there may be a potential improvement in performance in the last few days……we’ll wait and see.
Also must try the RSI thing.
alex buzby
Mark, perhaps I will follow u on that……… I entered yesterday and today just at 7.30 ish and got stopped out !!
Lets see if I can enter at a better time
Thanks
Al
Mark Rose
I’ve definitely found that when the markets aren’t being kind using the RSI can make a big difference.
Earlier this year it made little difference as I would often be kept out of trades that went on to win anyway, but now, getting in when the RSI agrees with the trade direction has meant I have improved my results significantly compared to trading each day at a set time.
Regards,
Mark Rose
Roy
Adding a comment, in case this site dries up.
Not going into details, in case no one left to hear, but things are working well, and my sole form of trading. Sometimes have to wait, as yesterday, but the results more than compensate.
Good luck to anyone still dug in.
Roy.
Jeffrey
The story so far…..
Started MRP Energy and MRP Indices in January within days of each other
MRP:
Daily Signals (including signals not to trade) 66
Signals to trade 37
Signals not to trade 24
Wins 22
Losses 15
% win 59%
% win required to breakeven 71%
Incidence of a trade/day 0.68
Average points expectancy per day (excluding no trade days) -7.78
MRP Energy:
Daily Signals (including signals not to trade) 69
Signals to trade 48
Signals not to trade 21
Wins 34
Losses 14
% win 71
% win required to breakeven 73%
Incidence of a trade/day 0.7
Average points expectancy per day (excluding no trade days) -2.96
Sinisa
I’m out of here. Good luck guys.
phil P
Is this review thread still going?
Roy
Read the above, so need to speak
I have used the ‘diff.’ system since the introduction and reckon it is the Dog’s whatsits.
Certainly, the last few weeks have been a bit fraught, but no need to use all your ammo. at once. Keep your risk down, use the charts, and in particular, the RSI, and see which way the wind is blowing.
If the signal looks dodgy, don’t use it—see which way the market wants to motor–usually works. If in doubt, stay out.
Roy.
daood akram
I hope the stretch of long no trades allows time to tweak the system further and take into account external macro news into the system.
more communication with subscribers during this process through emails or the members would also be a good thing
daood
Sinisa
Mike!
First of all, you don’t need to lose 20 trades in a row to wipe your bank. It is enough to lose every third to fourth trade (depends on your Stop and Target). It will decrease slowly but surely!
Second, some people forget, that you don’t even need to lose all of your bank. If you lose 50%, then you need to make back 100% just to be break even again.
And third, I was not flipping but following. MRP won today, but MRP energy on the other hand is deep in the red double than what MRP has won! So again looks like a losing day overall.
Hope this answers your questions.
Guy
I have to agree with mikeR although you are following those with a negative viewpoint, sounds to me like you are flipping a coin one week to the next instead of considering the overall picture of this system presented to you on this blog over the last x months.
This is all part of the ebb and flow of the markets and will happen from time to time particularly when there are major events occurring elsewhere around the globe.
Accept this and adjust your trading to suit the market conditions as others have stated. If you are panicking you are either staking to heavily, your stop losses are too tight or you are gambling with money that you can’t afford to loose, either way perhaps this method isn’t for you….?
I have been using this method for several months and although dismayed at the recent losing run, these things do happen, despite appearances , this Is not the holy grail of trading methods, there will be losing runs from time to time and if you can’t accept that fact, perhaps you ought to invest your hard earned elsewhere ..
Sinisa
Mike,
I don’t need to speak for you, but I guess Darin, Brian, Phil and maybe a few others who never have posted here or even know that this forum exists, agree!
Mike R
Looks like you guessed wrong, did you flip a coin?
Darin
Hi Sinisa, Hey I think I know exactly how you are feeling. These recent times have been painful that’s for sure.
However I’d have to agree with Mike R (and as Mark and Martin have also stated). All systems have their drawdowns.
Over the last 18 months I’ve trialled a number of trading systems and I will still say that MRP is one of the simplest and, overall, one of the most profitable I have come across-Hands down.
When I first joined MRP I received a record of his results normalised to 1 pound stakes and it clearly shows that these types of events do occur. It shows from early July to late August 2013, there was a similar run and it knocked profits for a six but they recovered relatively quickly. I purchased the system toward the end of this time and first three weeks I traded it I went nowhere-so naturally I thought I’d bought a dodgy system. But I hung in there and then things took off for that great run we had almost up Christmas-and I made some very nice money in that time.
Just hang in there-either Demo trade and just watch things (what I’m doing) or use minimal stakes. The sun will rise again!
Regards
Darin
Mike R
Well you don’t speak for me and to be honest I don’t think you know what you are talking about.
Firstly, there’s no getting around it the last 3 weeks have been rubbish, but if you are now scared to trade then you have probably been greedy and are trading too big.
This is great when a system is performing well, but guess what – all systems have drawdowns.
The maximum risk Martin suggests is 5%, so for a trader to wipe themselves out they would need to lose 20 trades in a row, or of course they could be stupid and risk much more than 5% of their pot per trade?
I actually think 5% is high and would suggest 2% a much more sensible level.
I’m not disagreeing that the last 3 week have been disappointing and that we need to see an improvement, but I won’t be joining you in flipping a coin quite yet.
.
Sinisa
I think I speak for a few here. Maybe some are not that active here and just read but it is crucial now. Meanwihle I’m at a point where I’m scared to place trades as I just ask myself: “How much I’m gonna lose today with MRP?”
Something needs to be done or changed! i’m not sure if this ISI indicator works. I would not get worse results if I would just flip a coin every moring either to buy or sell. This has started since the update to new version. I’m not sure how the old one has performed in that time. Did anyone trade both at the same time? If this run continues customers banks are going to be wiped out. I cannot risk 100pips on MRP Energy just to make 30-40 and I cannot risk 60 to make 20 on MRP.
Brian
Sadly I agree with above comments. Had great expectations with this but I am down over 300 points in 6 weeks. I would need 15 winners in a row just to get back my loss and with a strike rate of 80% (going by the last 6 weeks this is not realistic) I can expect another 3 losses so that would equate to a gain of only 60 points.
Still leaving me a catch up of 240 points.
Hard now to see this happening at the moment and even if it did have a strike of 80% would take approx. 5 months just to get back my loss of 300 points.
Still in Tuesdays trade but not good as showing 27 point loss, will see what happens Wednesday.
Sinisa
It’s going from bad to worse…
Phil.
Unfortunately……………I’m outa here………..What a shame……xx
Mark Rose
Unlike MRP Energy which has been having great success in the last 3 weeks, it has to be said things have been tougher for MRP.
We did mange to see a couple of wins this week (and 1 loss), but are still someway off the stella performance we have grown accustomed too.
Of course drawdowns are part and parcel of trading and we can’t expect to make market beating returns without taking on risk and therefore will sometimes suffer at the hands of the markets.
I’ve no doubt we will see a return to form from MRP and the longer-term averages are still very healthy;
Since April 30th last year our results are;
149 trades
124 winners (83.22%)
25 losses (16.78%)
93% return on pot
Of course that doesn’t make the recent losses easier to take, but hopefully puts them into perspective.
Regards,
Mark Rose
Siniša
Today another good example at MRP Energy. I know, it has it’s own forum but it is appropriate to the topic so hope it’s ok.
It totally depens when you get in. You could have been making a 30 pip profit easily or if you entered a few pips lower you would not have hit your target but were deep in the red, still pending…
So one can get completely different results to another if he has some bad luck a few times in a row.
Siniša
Wow, what a bad week. Something is going on in the markets. When 2014 begun everything seemed to go smoothly but now, it seems the market does not know where it wants to go. The volatility during the day can be huge. It really depends when you enter, but nowone knows when the time is right. You can go from beeing stopped out at -60 pips, just then the market reverses and goes 80 pips in the other direction to hit the profit target. I don’t know how to deal with this yet. Maybe it was just a month that was hard to predict but if this continues it will be hard to know what to do and at what time.
Darin
Hi Sinisa, Yes I know what you mean.
Personally I’m staying out and just Demo trading until conditions improve. The Russia/Crimea situation probably isn’t helping at the moment either.
Guy
Phil
I presume you are trading MRP Indices (and not including MRP Energy results here?)… reason I ask is that you are showing a 13 pip gain on the 27th February which was a NO TRADE day… How come….?
Also, in order to put some perspective on the relative frequency of bad weeks – how long have you been trading this method….?
Guy
Phil.
Hi Guy,
My mistake here. Yes a NO TRADE day on the 27th. I went back in on the 26th and “flirted” with the bounce, gaining 13 pips. So a net loss of -47 pips on the day.
Not traded today on MRP Indices. Only a moderate gain of 12 pips (via the SELL) would have been made from my usual time of entry before another recorded loss. Unsure what’s happening here.
Kind regards,
Phil.
Phil.
Hi All,
My results this week have been the worst I have ever encountered.
24th – No Trade ; 25th -50 pips ; 26th (increased stop loss) -60 pips ; 27th +13 pips ; 28th -60 pips ; Balance -157 pips.
I think that declaring the pip losses (+ gains) provides a fairer understanding of performance. I am aware though that some of you will either have 50, 60 or 70 pip stop losses and it of course depends where you enter the market. If I had set the 25th trade at 60 pips, I would not have endured my loss as post my entry my trade dropped to 53.
Kind regards,
Phil.
daood akram
Hi Mark,
When the signal goes against the MRP advice is there a way for you to review the signal within the day and update us on the members website?
For example today went the opposite way and has started to widen against us dramatically
Just a suggestion
Thanks
Daood
Mark Rose
Hi Daood,
Can you email this to Martin to answer please?
This is an open forum, so I can’t go into detail on the system here, plus questions like this are really best answered by Martin rather than me.
Many thanks,
Mark Rose
Darin
Well I’ve dragged my bruised and battered Trading account out of the arena for the time being and put it in sick bay to recover.
I think I’ll call February a….’Learning Experience’ and move on…….
Mark Rose
Hi Kevin,
It’s unusual. Even with this week we are averaging 14 trades a month.
Regards,
Mark
Mark Rose
Hi Daood,
We are running at around an 80% winning trade ratio so in most instance the ISI is picking up the trade direction.
No technical indicator is foolproof and will miss some trades that would have won and will also get us into trades that will lose.
Whilst it can be frustrating to see what would have been winning trades missed, this is much more preferable to getting into too many trades that go against you and is why we sit out of some trades if the ISI isn’t showing a strong bias one way or the other.
Regards,
Mark
khall1948
Hi Mark.
There seems to be a lot of non-correlation at the moment. Is this about average or more than usual? Regards. Kevin.
daood akram
Hi Mark
Just wondering on many days recently its been NO TRADE but each time the Cac has outperformed the Dax significantly such as today by .65%.
Why does the ISI not pick this up ?
thanks
daood
Mike
I’ve got to agree with you Phil, I’m trading both and can’t believe how consistently profitable they have been.
It’s never nice taking a loss, especially when the strategy risks more than it makes, but this is the price you pay for an 80% win rate!
Mike
P.S. Already bagged my winner today.
Chiili
Any updates for the past week please?
Mark Rose
Hi Chilli,
2 wins and a loss for MRP last week and 2 wins and 2 trades rolled into this week for MRP Energy.
Kind regards,
Mark
Chiili
Thanks Mark, will they be sold separately or as a package.
Kind regards,
Chilli
Mark Rose
Hi Chilli,
They are sold separately, with a discount offered on the 2nd if you want to try both.
Regards,
Mark Rose
Phil
Just to put in my ten pennies worth……..
I agree with the 50 pip loss, this stung me as well. Don’t let the losses run over and build up (unless the signal is in the same direction). However, the last two days have produced two winners on both for the Brent/Nymex similar strategy for me………….my advice……….make sure you purchase both systems. Each should mitigate against the other, or, produce a handsome overall return.
………..and no……….I don’t work for the company.
Kind regards,
A gullible trading guy who has lost shed loads of money buying rubbish systems over the last 5 years……………and finally these two systems came along. I was a pro at losing money.
Kind regards,
Phil. J.
Mark Rose
I thought it might be good to post my results using the updated version of MRP.
We’ve had great success with MRP. Our longest winning run is 35 and our longest losing run is just 3. The upgrade still uses the ISI to identify the direction, but for those of you who can’t watch the trades, is an alternative way to place the trades and manage the risk.
I’ve been trading the updated version of MRP since the 10th of December as this is when we managed to get a broker to give us a price.
Before this I had to manually calculate the move from the DAX and CAC, which was a complete pain to do!
Anyway my results since the 10th of December are;
29 trades
23 wins
6 loses
79.31% win rate
16.97% return on a £1000 bank
This is very much inline with what we have come to expect from MRP and whilst in the last few trades we have suffered some losses, is not out of line with the longer-term averages.
Even with a 80% winning trade ratio and as with all trading, we are going to suffer some losses and we need to be able to accept this as part of the system.
Kind regards,
Mark Rose
Siniša
Yes that was bad, just the one loss yesterday wipes out 5 winners for me.
As advised, have to give the trade a wide stop loss to mature, but the difficulty is, you never know when the the peak of the loss is reached and things turn around. Thats why winners are small and losses can be huge.
Mark Rose
Hi Sinisa,
Please can you email Martin or I about this as you shouldn’t be risking 5 times your profit if you are following Martin’s rules?
Thanks,
Mark
khall1948
I also took a hit last night- first real trade after paper trading. How far should we let it run? Do we hang on 50 pips? 60,80,100? Any thoughts?
Mark Rose
Hi Khall1948
The stop distance Martin recommends is in the update he sent you on Wednesday and is 50 to 60 points.
If you are trading the old way they his recommendation was no more than 5% of your pot.
If you need anymore clarification please drop Martin an email.
Thanks,
Mark
Brian
Well, opened my first trade using diffs and it hit the stop loss of 60 points, not a good start.
Also have a trade open on the old system and that is showing a big loss, one loss wipes out many smaller gains on both systems.
Darin
Take heart Brian. I’m still trading the old system also and I took a Big loss-way bigger than I should have let it run. Always feels like a kick in the you-know-whats. But I have enough confidence in the system now to know that things will bounce back.
I was actually very surprised to see a buy CAC/sell Dax signal yesterday. I felt sure it was going to change….It’ll be interesting to see what comes up tonight…in about 15 mins.
Darin
Yep, that was a big hit.
The signal was a j-u-s-t a little bit wrong……
Siniša
So far a really bad start to the week 🙁
Hope things turn around…
Mark Rose
Hi Chilli,
We’re working on the manuals and should be ready in a couple of weeks.
Regards,
Mark
Chiili
Hi Mark,
I have read this entire thread with interest. When will this strategy be available once again? Thank you.
Siniša
Hi Mark,
ok cool. I think, I will try both methods, each with 50% of my usual stake.
I almost open and close all the trades with the iphone. There is no real luxury. I have the phone always with me and can check during the day whenever I like on the go.
Mark Rose
Hi Sinisa,
Most times they will be pretty much inline with each other as the anticipated 2:1 ratio is achieved.
By the way a diff trade placed at 8am would currently still be open and the price has now moved back down and is showing a small profit (I know because I opened my trade at 8.05am this morning).
The upgrade was always aimed at the members who can’t monitor their trades and want to trade MRP as a set and forget strategy. If you have the luxury of watching the trades and prefer to, then you can of course stick with the original.
Kind regards,
Mark Rose
Mark Rose
And has now reached Martin’s max profit target and closed as a winner.
Regards,
Mark
Mark Rose
Hi Sinisa,
With the orignal MRP we weight our stakes presuming that the DAX and the CAC will move in a ratio of 2:1.
However this isn’t necessarily how the markets will move. Looking at your trade times today the DAX moved 49 points and the CAC 33, which is someway off of 2:1.
This has worked out in your favour and you’ve manged to squeeze a profit, but equally this can work against you and is one of the anomalies of the original strategy.
With the update you will no longer have this risk (which can go either way) but does mean that the results from the pair and the diff can vary.
If you take another look at the update document (page 15) you will see Martin does cover this and of course if you are able to monitor you trades during the day it’s perfectly fine to trade the original method if you prefer, or you could even try both.
Kind regards,
Mark Rose
Siniša
Hi Mark,
ok I see. I just thought that both trading methods are the same and should give, more or less, the same results. But this is quite interesting that with the same signal one makes a profit with the original MRP but obviously is in a losing position with the differential. I will wait and see how MRP new performs for others. For now I’m happy with ther original, as it works well and will stick with it.
Siniša
Mark,
todays signal was RED for ne updated MRP. I was trading today MRP original and not the new updated version. I bought CAC and sold DAX, got in at about 8am UK time and closed at 11.50am UK time for a 15 pip profit ( I go for smaller but consistant profits). Along the way I was monitoring the new DAX/CAC Differential Chart, but this chart is going up, so it has to be a loss for all people trading the new way. How is this possible? Or do I oversee something?
khall1948
Hi Darin. Who is your broker? I’m with City Index. Although they only have 1 pip spread they close the CAC between 8am and 6 pm so if a catastrophic event occurred and the dax went big time into loss they would close it out and I’d be left with an unhedged bet. (and a huge loss). Ig index trade the CAC 24 hours but the spread is 2 pips and the margin is huge ($1500 for a 1 euro trade). Your thoughts? Regards Kevin.
Darin
Hi Kevin, I currently use Axitrader. They have 1.5 pip spread and the margin requirement is not exactly small either! Not quite as bad as that though.
I’m by no means an expert on this trading stuff (still learning plenty), so I’m a little uncertain what you mean re the unhedged bet situation. My understanding is that the risk you outline is always present in any trading situation, unless (possibly) you have a guaranteed stop in place. The amount of margin comes into play also.
I’m happy to be corrected here though. Anyone else with any info regards this?
Siniša
Hi Darin,
ok cool. Would be nice if you can make a little update on BTT, maybe in a few weeks. I read the sales page but did not buy yet.
By the way, MRP again a nice winner today. It’s going great lately. May the good run continue…
Mark Rose
Hi Darin,
I’ll second that, it would be great if you could keep us in the loop about how you are getting on with BTT.
If you are able to do this could you post your comments on the BTT review page? Otherwise it can get a bit confusing.
https://www.tradersbulletin.co.uk/bedtime-trader-review
Many thanks,
Mark Rose
Darin
Hi Mark and Sinisa, Re BTT, yep will do. I’ve already put an initial comment on the BTT review page the other day, similar to the above…just to get started.
Just finished reading the MRP update. Looks great but could be some issues for we Southern Hemispherians who insist on trading UK based strategies! The whole spread bet account thing again. I’ve just finished emailing Capital Spreads to find out how Aussies will go accessing the ‘Diff’ market. I’ll let you know how I go. Although- reading the update carefully it would seem we could still trade it the ‘old’ way using the new signal. We’ll see what happens.
Re MRP winner-Yes a solid return for a four hour trade window this evening! (I’m loving it!)
khall1948
Hi Darin. That occurred to me. I think you mean using capital spreads only for the signal? Also if you use your Aussie CFD platform you only pay 2 pips spread instead of 4.
Kevin.
Darin
Hi Kevin. Yep, cheaper cost and by the looks of things we can simply carry on as normal with the (now ‘old’) system and use the new signal from MRP website in the same way as before, albeit without the benefit of a TP and stop. However I’ve been quite successful with this method so far and I’ve got the monitoring thing down to a fine art (well, just about!), so its no real skin off my nose.
Capital Spreads have said they have existing Aussie clients using spread bet accounts, so is it a potential legal thing this end? Can you (or anyone) shed any light on this situation? Also, the Diff market is not available to trade as a CFD only as spread bet.
I think I’ll just carry on with my local broker and CFDs and if BTT doesn’t cut it I’ll close GKFX and shift operations over to Capital Spreads (if they’ll give me an account) with a small fund and just let it build. It would be interesting to trade both methods side by side and see what happens.
Mark Rose
If you are an existing MRP member look out for an important email from Martin today at 11am, with the new and exciting MRP upgrade.
Kind regards,
Mark Rose
Siniša
Hi Darin,
can you tell me how Bedtime Trader is working for you and why would one need a special spread betting company for this? I guess, all spread betting companies offer, more or less, the same forexpairs, indices and commodites.
Regards
Darin
Hi Sinisa, I’m not sure if you’re familiar with Bedtime Trader (BTT)but it has software specifically for use on GKFX. The software doesn’t (to my knowledge) work on other platforms. I bought it last year, and as with MRP it’s taken me a while to get a handle on how it all works. Results so far very average, but this was also my experience with MRP initially so I’ll stay the distance and give it a decent go. Happy to chat more re BTT on the related post here rather than go on too much here.
My experience is also that trading companies have an enormous variation in what trading instruments they offer. Hence my comments re MRP trading and finding an Aust broker if possible.
Re Cricket-yes very neatly done!
Darin
Looking forward to Wed!!!
Re Brian. I’m in Aust too and I can comfortably say this strategy is B****y awesome!!! I trade it mainly using futures CFD and it seems to work absolutely fine. As khall1948-Kevin says I think we’re not (normally) allowed to open a UK spread bet account. I tried some months ago, and was only offered CFD accounts, so I thought I might as well just use a local broker with CFDs.
However I also trade a Forex strategy called Bedtime Trader, that relies on a specific UK spread bet account, which for some reason I was allowed to open. So I trade MRP on both accounts (spread bet UK and local CFD futures). I guess there’s always a way.
I’m also currently looking at MRP Energy. I’ll have to find a suitable account for that, with a preference for something local if possible- just because I’d prefer to keep the money here in Aust mainly.
(Re Cricket-khall1948, you stirrer you!!)
khall1948
Darin. Did you notice how Mark cleverly sidestepped the cricket Question?
Kevin
Hi Mark,
I am a new member to the MRP Strategy (Index) based in UK.
With regard to the new limit and stop facility. Does this mean the limit order will work on a target profit based on the increase or decrease difference between the two values of the Cac and Dax.
Regards
Kevin
Mark Rose
Hi Kevin,
Yes that’s correct. Same hedged trades, but with a combined figure rather than 2 individual trades.
All will be revealed on Wednesday morning!
Kind regards,
Mark Rose
Kevin
That should be the icing on the cake roll on Wednesday.
Regards,
Kevin
Mark Rose
4 wins out of 4 this week for MRP and like MRP Energy (3 wins out of 3) MRP is hitting new highs.
I know you guys are used to hearing all the hype that goes along with trading strategies, but I’m trading this everyday and am telling you it is a great system, and with the introduction of the upgrade coming nest week, is about to get even better!
If your an existing member then look out for an email from Martin on Wednesday with the addendum document. It’s still the same hedged trades, but now with the ability to add stops and profit targets, making it a true set and forget system.
If you’re not currently a member, but want to be among the first to find out about the upgrade, then click on the link below;
http://www.thamespublishing.co.uk/mrpstrategy/
Kind regards,
Mark Rose
Brian
Hi Mark,
Firstly, many thanks for this great site.
I recently purchased MRP and opened an account with ETX Capital.
When I open up the Euro Indices it comes up as CFDs not Daily Rolling.
Should I be trading Daily Rolling or CFDs?
Also, what is the difference between the two and which is the better to trade?
If I should be trading Daily Rolling do I ask ETX to change my account over?
Sorry for what maybe a dumb question but I am new to this.
Many Thanks,
Brian
Mark Rose
Hi Brian,
Thanks for your comments, it’s much appreciated.
It sounds to me like you have opened a CFD account with ETX.
Most traders in the UK will open a spread bet account as the profits are tax free, however this isn’t necessarily the right thing to do.
We all get a £10,900 Tax-free allowances for Capital Gains Tax. So depending on your circumstances your profits may be tax free anyway.
Downside is if you are not already you will probably need to do a self-assessment tax return (there are some exemptions to this).
Plus side is the prices you sell using CFD’s are more transparent than with spread bets, where the individual brokers make there own prices and I suppose, if you made a loss you could deduct this from other Capital Gains, although for obvious reasons, this is not a great investment strategy!
Regardless of if you trade is a spread bet or a CFD, you can choose to trade the rolling daily or futures contract.
The difference between the 2 is daily rolling trades are cheaper to get into (tighter spread) but if you keep a trade overnight you will be charged an overnight financing charge. If you do this too often it would actually work out cheaper to trade the futures contract. This has a wider spread, but no overnight financing charge.
With MRP we close most of our trades the same day and only hold trades for a maximum of 3 days, so we trade the daily rolling prices as this is cheaper.
Hope that helps explain it a bit.
Kind regards,
Mark Rose
Brian
Hi Mark,
Many, many thanks for your very detailed response, greatly appreciated and probably of interest to other followers.
I am in Australia so think I will stick with CFD’s time being.
Closed todays trade for a nice USD$40 profit in the first 2 hours.
Cheers,
Brian
khall1948
Hi Brian. I too am in Australia. I think you’ll find that we’re not allowed to open a spread bet account in Grt. Britain. Our govt. doesn’t think we can be trusted not to lose all our money so they’ve banned aussies from having spread bet accounts. However CFDs are ideal for this. Regards Kevin. P.S. Any poms want to talk about the cricket! lol.
Mark Rose
We’re great supports of womans cricket over here (now). It’s a much more exciting form of the game!
Regards,
Mark
Mark Rose
Great stuff.
We’ve a few members in Australia, who post here and report good progress, so you are in good company. The upgrade coming next week might help too as you can set a profit target and stop loss and go to bed!
Same great hedged trade, just a different instrument to trade on, which allows stops and profit limits to be placed.
Kind regards,
Mark Rose
Kind regards,
Mark Rose
Mark Rose
MRP upgrade for existing members coming next week!
We’ve just launched the MRP Energy upgrade to existing members today and will be following this with a similar upgrade to MRP next week.
Can’t wait to tell you all about it.
The one bugbear you’ve told us about with MRP is having to monitor the trades, but from next week, MRP will be a true set and forget strategy.
Regards,
Mark Rose
khall1948
You Beauty!!!
Dave H
Hi Mark
Thanks for updating us all on the performance of MRP over the course of a year. Am I right in thinking that on a losing trade you lose about 5% of your account?
Many thanks
Mark Rose
Hi Dave,
As a maximum Martin talks about no more than 5%. As ever though this will depend on the size of your pot and your attitude to risk.
If your pot is big enough that you can maintain the minimum stake per point, but risk just 2%, then if you are risk adverse this is a way to reduce your risk. Of course you will reduce your profits you make too, but it is still a valid approach and one I know member with larger pots are using.
Kind regards,
Mark Rose
Dave H
Hi Mark
Thanks for that. On the results you quoted for 2013 how much were you risking per trade?
Dave
Mark Rose
Hi Dave,
Depends which results you are referring to?
My stakes are quite high, but I’ve tended to normalise these down to the equivalent stakes for a £1500 pot, which is what Martin recommends.
So I might of actually traded £40 per point on the DAX, but normalised this down to a £1 stake per point in my results, based on a £1500 pot. Of course the % returns are the same regardless, but by normalising the results it shows the performance based on Martin’s recommended minimum pot.
Kind regards,
Mark Rose
Darin
Hi Kevin. Sorry for missing your query (Jan 15th). It’s been very hot here making me very lazy!
Re tweaks. There were Three. The time zone thing, the monitoring of the trades and the use of a local (Aust) broker.
For us of course the action happens o’night staring at 5.30pm SA time (market open) and I can only stay up a few hours due to early (4,30am) start, so the monitoring only happens for a couple of hrs in the evening after market open and once about 5am (nearing market close) before I go to work. It’s not ideal but still surprisingly effective. I’m certainly making some good returns on my account doing this (Approx 25% in last couple months).
Also I trade using CFDs (futures) which I wasn’t sure about initially (due to higher stake levels and restricted ability to calculate stakes accurately) but again it’s surprisingly effective- no o’night charges for example but you’ve got to watch the rollover times.
Hope this helps. Good luck with it!
Regards
Darin
khall1948
Thanks Darin. The time zone is ok for me. I enter the trade at 7pm then can check it every few hours until 12 or 1 when I go to bed. I’m recently retired so its easy for me. I already trade cfds with city index and I’m only paper trading at the moment, but its looking very good. Cheers and thanks again. Kevin
Mark Rose
2 trades and 2 losses this week for me on MRP, losing me 2.22%.
Still up 7.2% in Jan with 8 wins and 2 losses (80% win rate – which pretty much matches the longer-term average)
here’s hoping to a return to normal next week.
Regards,
Mark
Glenn
OK this week has had a few no trades and one loss. Interestingly the loss was actually a bit up in the morning, but I decided to leave it and eventually the loss opened up. It would be good to have some indication of where a good stop loss could be applied. e.g. on a £3 DAX if one is hoping for a profit in the range £45 – £60 – should one consider stopping when it gets to say -£45 for the day. That would have saved me a further £55 loss as I hoped it might turn round.
Mark Rose
Sorry I’ve not posted my MRP results so far in 2014.
It’s been a pretty good start to the year if a little slow initially – we didn’t get our 1st trade signal until the 7th – however since then there have been 8 trades closed that have all won, for just a little under a 10% return.
Kind regards,
Mark
Phil. J.
I’m 10% up on the week with a little compounding !!. So far so good.
Glenn
Just started this week – used part of pot that I use for HAV (seems a valid choice ).. ranging from £2 to £3 DAX I have managed to win every day (yesterday was a scrape of £10 at the end). Total £160 for the week. I am waiting for the losses – maybe next week.
Do you think that one could trade MRP energy at the same time – or maybe wait for the non trade days?
ColinG
Hi Jem, are you using a Mac? I had a similar problem using the calculator on my mac – contacted the publisher, and they were able to send me one that was compatible.
JEM
Thanks Mark and Darin. I was quite new at the time and I realise now what had happened. Another query I have, though, concerns the Bank Stake Calculator; I’m far from being a dab hand at spreadsheets but I thought the idea for this one would be that it would automatically work out the CAC stake for you because it had the algorithm ‘ in it’ somehow? However I can’t see how to get the cells to accept any digits. It just says you can’t enter any data into protected cells. Can anyone please explain or will I have to do the sums the old-fashioned way?
Mark Rose
Hi Jem,
The light blue cells should be protected as they have a formula in them that works out the figures for you.
The cells that are yellow/orange shouldn’t be protected and you should entry info into these.
Hope that helps.
Regards,
Mark
Phil. J.
Hi Jem. I had the same problem. I went to Tools, Protect Document and un-ticked the protected sheet. I do not know why the sheet would be protected as it prevents any data being entered. Hope this helps.
Darin
Hi Jem, I’m an MRP member using the system and I noticed no one has responded to your query.
Not sure what you mean by ‘no signal given’ but if it’s not working best to contact support via the MRP website.
Regards
Darin
khall1948
Hi Darin. I noticed in an earlier post you indicated that you had to modify the system a little to trade in Australia. I also live in Aust. (Sydney). What tweaks did you do? Kevin.
Jem
Have I missed something or was this another morning on which no signal was given? I am somewhat perturbed as I’m on Day 4 of a 45-day ‘on appro’ period, so am still waiting to try this out, or at least see it in action! Any info. anyone…..?
Mark Rose
Hi Jem,
Sorry I missed your comment.
I think you are referring to no trade days?
It’s very unusual to get 4 “No Trades” signaled in a row.
As an average we trade a little under 4 out of 5 days per week.
Regards,
Mark
Mark Rose
It’s been a quiet time for MRP so far this year with 4 no trade days signaled so far. I can’t remember ever having had 4 no trade days signaled in a row, but am sure we will be returning to normal this week with the increase in volume.
Seeing as it has been a bit quiet I though this would be the ideal time to do a review of my MRP trading results since we upgraded on the 30th of April 2013.
To simplfy, I’ve based the results on a £1500 trading pot, but as you know I place the trades at many multiples of this.
Results from 30th April to the 31st of December;
119 pair trades placed.
103 winning pairs
16 losing pairs
86.55% winning trade ratio
£1754.38 total profit of winning trades
£ 843.64 total losses of losing trades
£ 910.74 total profit
60.71% return on a £1500 trading pot
I’m really pleased with these results and am confident the MRP will continue to deliver. I suspect I could have risked pushing the profit target a bit at the cost of a slightly lower winning trade ratio, to bring in more profits, but for me I like the high frequency, steady winners approach and am prepared to sacrifice some profits.
I’m really excited about a development to the strategy that is coming soon, without giving it away yet, as Martin is still testing, is should make it even easier to bag a profit and minimise the risks.
If you are an existing member then we hope be letting you know more in the next 2 or 3 weeks.
Kind regards,
Mark Rose
Mark Rose
4 wins and 1 loss this week on MRP, not a bad way to finish the year although the loss did puncture a 18 trade winning streak.
I wish you all a Merry Christmas and am looking forward to telling you about some MRP developments in the New Year.
All the best,
Mark Rose
Phil. Jones
Wow Chuck. Excellent performance. What value trade did you start with ?.
Kind regards,
Phil.
Chucks
I invested £750.00 on my MRP since the 4th of last months and my account is £2400 as at yesterday. It nice that people like you trade a system before recommending to your customers. I am a little busy at the moment with my studies and will be finishing by March next year and will have time to spend on my trade, which will give time to post my trading in the future.
Mark Rose
4 trades closed this week, all managing a win making it 18 winners in a row and once again hitting new highs.
Regards,
Mark
Mark Rose
A pretty good week last week for MRP.
Only had the 2 trades in the end this week, but both won and it’s 14 in a row for me now. Consistently hitting new highs at the moment.
Regards,
Mark
Laurie
I’ve had to take a step back from trading over the past months and have just started again with some MRP trades. I’m pleased to say that they’ve done well. Monitoring can be a problem but that’s worked in my favour as I’ve left trades longer than usual and have found a greater profit when I’ve checked. I’m glad that MRP Energy is being tweaked and look forward to hearing about the enhancements. I’m very happy with this system:)
Roy
I have been using this system since the start line, and still find it the most effective piece of kit. In fact, with the exception of Bollinger Bands, on some Indices, it is all I use.
It does have limitations, and I do monitor it, frequently; I also satisfy my greed by taking around 10-15 points, a throw.
This may seem insignificant, but they do mount up, and offer a trading day which is sress free.
Mark Rose
Hi Phil,
There’s no problem with opening the trades at 7am, but you do need to monitor them during the course of the day.
This is as simple as looking at the combined profit figure and making the decision on if you want to close or not, so takes just seconds, but we can’t set a normal profit target, as we are looking at the combined profit of the two trades, rather than one.
Risk per trade Martin recommends is 5%.
If monitoring is a problem then look out for an update to the sister system MRP Energy, that is coming soon.
Martin has come up with a solution to not being able to set profit targets, which we have been testing and hope to roll-out in the near future.
Regards,
Mark
Phil. J.
Hi Mark,
Wow, your results are impressive.
Can this system be traded as SAF at 7am ish ?. Being at work during the day inhibits constant monitoring. Also what value stop losses are utilised. Sorry for the questions as looking for a system to go along side my Ad Break Trader.
Kind regards,
Phil.
Mark Rose
6 winners for MRP last week (The trade I rolled from the week before recovered and closed for a profit on Monday).
Also already had 2 winners this week taking me up to 14 winners in a row.
Regards,
Mark
Mark Rose
A great week for my MRP trades this week with 5 closed trades all winning.
The first was opened Friday last week and rolled over the weekend to close on Monday, rest opened and closed within a day apart from today’s trade, which once again is still open and being rolled.
All in all a 5.74% return on my pot for the week, although I will admit today’s trade isn’t looking that healthy.
Regards,
Mark
Darin
Yes. I have to agree with John W. Since my last post things have gone a bit wobbly. The need to almost continually monitor is an issue for sure. I’m currently doing parallel demo trades alongside the live trades and just letting things run to the two day max and seeing what happens. In the last three weeks I’ve done far better like this than using my current live trades (I call ’em sniper trades). I can only check these demo trades in the first couple of hours of opening and then again near the market close.
I’ll keep persevering though. There’s consistent money there somewhere!
Mark Rose
I know that lots of MRPers are able to check on and off during the day and this is how I’ve been trading it. While this only takes a moment to do, I appreciate that for others, it’s just not possible.
The good news is Martin is currently working on some developments that will make the profit-taking easier to manage – there’s some exciting stuff for the strategy in the pipeline, but I really can’t reveal too much at the moment.
Regards,
Mark
John W
I bought the manual when it first came out a year ago and have just had the email inviting me to sign up to the signals website for the next six months. I have to say I won’t be carrying on with this and thought I would explain why.
When I first started I had a lot of success but then it seemed to turn sour. The problem is that there is no way of setting a profit target or knowing when to take a loss. On the loss front, a trade can show a big loss and then come back into profit or can just as easily go into a bigger loss and there is no way of knowing which it will be. On the profit front I cannot see how a trade can be left. It really is necessary to monitor on an almost continuous basis. This makes the risk/reward side extremely difficult to monitor.
I do think with careful monitoring of trades it may be possible to make this system work long term, so if you are happy to screen watch all day it may work for you, but I’m afraid it’s not for me.
Mark Rose
An ok week for me this week for MRP
1 win of £602.90, 1 loss of £292.02 and one open trade that’s £300 in profit at the minute.
Regards,
Mark Rose
Paul Parnell
Hi Mark
Out of the systems you trade, which would you say is the most profitable?
thanks
Paul
Mark Rose
4 wins and 1 loss last week.
Rolled one trade over the weekend, but ended up closing for a loss on Monday anyway. Tues, Wed, Thur & Friday all gave me easy wins, so another good week for MRP with a 3.23% gain on the week.
Regards,
Mark
Mark Rose
Just closed Wednesday’s trade.
1 win and 2 losses this week for a 3.6% loss overall. Not a great week, but you can’t expect to win them all.
Regards,
Mark
Martyn Y
Hi Mark/Martin
Have finally been trading MRP again after many months away….glad the system has been tweaked especially the indicator
£35.00 profit on Tuesday, but losses of £49.00 and £64.00 Wednesday & Thursday – in fact the Dax/Cac were all showing a loss throughout these days and could not see any chance of a reversal so closed my trades…..bit concerend that we need to monitor trades closely during the day when not all of us can do this due to work pressures etc
Mark Rose
I had to close Tuesday’s MRP trade for a loss of 3.5%. Oh well can’t expect to win them all.
Regards,
Mark
Darin
Hi to all,
I was just reading some comments from August re trading MRP and monitoring etc.
I live in Aust and so I ‘ve had to modify this system a little to fit in with our time frames here (namely we’re asleep when you guys in UK and the markets are awake). This forced me to make a choice-either forget the whole idea or adapt. With the profits available it’s hard to ignore as a system, so adapt it was! I include my rewritten rules below.
Rules
• Stick to the RULES!
• Small gains consistently
• Trade every weekday as indicated by the ISI signal
• Stake Size calculated as per MRP manual
• Review Stake size end each month
• Weekly account target: 2-2.5 % averaged over a calendar month (approx. 10% month)
• Maximum account risk: 1.5 %
• Compare my results with Martins regularly-every 3 months
Management
• Open trade by 6pm DST and look to close by 9pm latest
• Check every 15 min initially- when price begins moving in a clear direction check every 5 minutes
• Take profit @ anything over 10 ‘Dax’ points
• After 8pm look to close trade at any profit- or minimise any loss
• Trade to be closed if runs to a 15 ‘Dax’ point loss. Situation to be monitored
• When the decision is made to close the trade: CLOSE IT! No messing about.
This has worked well over the last 6 weeks with an approx. 12% account gain. More modest than yours Mark but a steady profit nonetheless. I’m still tweaking things and I would have made more like 18% but for some silly decisions re waiting too long and closing for a small loss rather than a modest profit, and getting out of a loss quickly enough. I’ve been able to close 90% of the trades profitably within 1 1/2 hrs of opening. I don’t overnight any trade.
Hope this is helpful to someone.
Brian
Hi Darin,
Thanks so much for your input, comments much appreciated.
I am also in Australia and will purchase this shortly through Mark.
The times you have mentioned, are they Sydney times?
I am in Perth so need to clarify this.
Yes, your comments were helpful and any further info would be appreciated.
Thanks,
Brian
Darin
Hi Brian,
Good to hear another Aussie giving this a go! We can’t let everyone else have all the fun can we! It’s not a perfect system for us here because of the timeframe thing, the issue of being able to access a spread bet style account and the monitoring required, however it’s got merit for sure and with a bit of patience in tuning the rules for your personal situation, I think you’ll love it!
Times quoted are S.A. Daylight saving time- I’m in Adelaide.
I bought MRP in late June and I’ve arrived at these rules after quite a bit of head scratching about how best to use the system here. so I’m still fiddling about a bit with things. Eg I’ll probably reduce the max account risk to 1% (or 10 Dax points in my case) because some of the losers can be large and can move out quickly in volatile trading as in London open etc.
Anyway good luck with things and let me know when you’re up and running with it.
Mark Rose
MRP gets the week off to a winning start with a quick £818.20 profit this morning.
Regards,
Mark
Stanley
I seam to be doing something wrong,
What do you call a signal,is it what is published in the morning ?
Mark Rose
Hi Stanley,
Each morning Martin post if there is a trade and what the trade directions is in the members area. This is what I refer to as a signal.
Last week we had 4 trading days and 1 no trade day.
Regards,
Mark
Mark Rose
Wall to wall winners again this week for MRP. We had 4 trades signaled and all 4 won.
Since the 30th April I’ve placed 85 trades of which 74 have won (87%) for a 40% profit.
Regards,
Mark Rose
Mark Rose
Today’s MRP trade has already closed for a £716.35 profit.
Regards,
Mark
Mark Rose
Hi Peter,
The math isn’t too complicated. Take a look at page 16 of the manual for an explanation on how to do it.
Do you have any kind of excel equivalent? I think we might have a mac friendly version of the calculator if that helps?
Regards,
Mark
Peter
Just started with MRP but dont have microsoft office to use betting calculator,is there another way of calculating as I’m sure just doubling the CAC bet won’t work as the bets get larger.
Thanks
Mark Rose
Just closed this morning’s MRP trade for a profit of £631.50.
MRP is Still my favourite system!
Regards,
Mark
Mark Rose
Today’s MRP trade has closed for a profit.
Regards,
Mark
Brian
Hi Mark,
What bank do you have to generate profits of approx. 700 GBP per trade.
Also any further updates from 16 Oct?
Regards,
Brian
Mark Rose
Hi Brian,
I’m trading at £40 per point on the DAX. You can check out the account if you watch the video at the top of the page.
All the best,
Mark
Mark Rose
topped out at 14 winners in a row as Thursday’s trade was a loss.
That’s a 93.34% winning trade ratio!
Regards,
Mark
Mark Rose
Another quick MRP winner this morning. That’s 14 winners in a row.
If you are not already, you should be trading MRP!
Regards,
Mark Rose
Mark Rose
Just closed Monday’s trade for a £695.20 profit. That’s 13 winners in a row for MRP.
Regards,
Mark Rose
Mark Rose
I’ve taken profits on this morning’s trade of £672.81.
Yesterday’s trade is still open. It came pretty close to my profit target earlier and I’m kicking myself a bit as the price has moved away again.
Hopefully it will come back into the profit range later.
Regards,
Mark
Mark Rose
Monday’s trade rolled into this morning and I’ve opened a 2nd pair.
Regards,
Mark
Mark Rose
In and out quite quickly again this morning for another profit (£637.90)
That’s now 11 winning trades in a row for an 11% return.
Regards,
Mark
Mark Rose
Another day, another MRP Profit.
Opened my trades at around 7.30am and closed them at 8.45am for a £675 profit.
Regards,
Mark
Mark Rose
Yesterday’s trade has now also closed for another profit, this time £583.56.
Regards,
Mark Rose
Mark Rose
Had a “no trade day” on Monday.
I did get a trade yesterday and today however.
Yesterday’s trade hasn’t yet closed, but is halfway to it’s profit target and I’ve closed this mornings trade for a £540.60 profit.
I’m probably guilty of snatching at that at bit, but as I had 2 pairs open, decide it was worth taking the profit available and reducing my risk.
Regards,
Mark
Mark Rose
No MRP Trade yesterday, but have already closed today’s for a nice £755.10 profit.
That’s 4 trades closed so far this week for a £2647.47 profit.
I love MRP!
Regards,
Mark
Mark Rose
Great MRP day today.
I’ve managed to close today’s trade and both of the trades I rolled over from last week for a combined £1892.37 profit.
Regards,
Mark
Mark Rose
Slow week by MRP standards.
1 trade closed for a profit and 2 trades rolled into next week.
Regards,
Mark
Mark Rose
Not a great week last week for MRP in the end.
After 12 winners in a row I hit 2 losers. This is pretty much in line with the average performance however giving me an 83.34% winning trade ratio since the 23rd August, but did mean last week was a losing week for me.
Regards,
Mark
Mark Rose
I closed Monday’s pair for a £394.41 profit this morning and have opened a new pair today too, so still running to open pairs at the moment.
Regards,
Mark
Mark Rose
Interesting MRP trades at the moment.
Yesterday’s pair was in profit this morning, but hadn’t reached my profit target, so I’ve opened a 2nd pair in the same direction.
Mark Rose
Hi San,
MT4 allows you to write programs to automatically trade your account. I’ve always been a bit worried about letting a program run your account and there have certainly been lots of horror stories of people plugging them in and have their accounts wiped out.
That said in recent years they have become much more sophisticated and if used in conjunction with human interventions, can be a quick way to identify or manage positions.
It’s this latter bit that I’m looking into currently.
A trade copier links your account to a master and copies the trades placed on that account onto yours.
Again until relatively recently, there have been technical issues with doing this, for instance you would need to leave your account running on your computer 24/7 and if you lost connection for any reason it could cause problems.
One solution would be to use a virtual private server, but this costs and if there are any tech issues, it’s very difficult to identify if this is because of the broker on the VPS.
Hope that helps.
Mark
San
Hi Mark,
Thanks for your reply on MT4 & trade copier.
San
Mark
Thanks for your update. Sounds good.
“MT4 and trade copier” – Could you please throw some light on this. Though I could see couple of posts mentioning this, I haven’t read it anywhere else.
Thanks in advance.
Mark Rose
Ended the week with 5 wins out of 6 across MRP and MRP Energy for a £2412.96 profit.
I know I’m always going on about this strategy, but it really is great.
Thanks Martin, keep up the good work!
Mark
Mark Rose
I’ve closed today’s MRP trade, that’s 3 winners out of 3 for MRP this week.
Regards,
Mark
Laurie
Looking forward to your thoughts on MT4 and trade copier too when you ‘ve been able to catch up.:) Hope you had a good holiday and the batteries are recharged:) All the best,
Laurie.
Mark Rose
Winners for both MRP and MRP Energy today too.
Regards,
Mark
Mark Rose
Hi San,
Apologies for being slow replying to your post, I’ve been away on the family holiday and then playing catch up.
Since my last post there have been 13 trades on MRP 9 wins and 4 loses, with the last 8 all winning.
MRP Energy is doing even better with 16 trades, 15 winners and only 1 loss.
Regards,
Mark
San
Good Morning Mark,
I couldn’t see any update for nearly 2 weeks now. What’s up? Could you please give us an update?
Many thanks
San
Roy
Mark.
Your request for comments MT 4 EA ( August 9 ).
I use MT 4, a great deal, for my ‘Bread and Butter’ trading, which, together with MRP, are my only two weapons—all other systems have received the heave-ho.
I would very much like to see an EA, if one could be developed, and indeed, a trade copier.
Hastily, I say this, because I really have no knowledge of how these things work, in reality; but I do know that I spend 16 hours a day, watching the screen, and sneaky trades wait ’til I nod off, then do the biz.
Anything which can give an advantage, well received.
Roy.
Laurie
Mark – good idea re the MT4 and trade copier. If something robust could be arranged it would be a very welcome addition. It seems to me that there is a common problem for many of us – the lack of sufficient screen watching time… It seems that MRP needs very close monitoring for a successful outcome. That successful outcome is a high probability IF we can have close monitoring. If not, the screen would appear to be red for many subsequent checks, and the chance to profit has been missed on so many occasions through personal circumstances kicking in on the day. We need a “caretaker” for the trades. You have proved that your close monitoring/caretaking works extremely well. Would the MT4 idea solve the problem? Quite possibly… Markets are of course unpredictable so therefore any edge would help… 🙂
San
I just started on this week. Two trades placed on 5th & 8th of August. Closely monitored at least on hourly intervals. Always seen red on ETX screen. Eventually closed the trades the next day morning for a loss of around £40 on each day (Stakes of £1 & £2.10). I am not impatient; but anybody out there who had luck on these two days.
Many thanks in advance
San
Robert
San,
I’m pretty sure you’ve started at a bad spot. My experience has been that when the system breaks down it seems to do it for quite a long run. If you can monitor trades closely AND get your staking level right there’s no reason why you shouldn’t do well in the long run. The problem is leaving it unsupervised. You miss winners and some of the losers go very bad. It can happen in a minute or two during volatility like the London Open. If I were you I’d be glued to the screen at 8am and 2.30pm and keep a regular check on it during trading hours. My suggestion is go for a profit of about 20 points and close any trade on the first signal. Don’t wait for a reversal. The first time I knew this approach was nothing more than a ‘punt’ was in a circular from Martin a couple of weeks ago. Bitter experience tells me it really is a ‘punt’ so my advice is don’t be tempted by it. Close losers the minute you can.
San
Robert,
Thank you for your reply.
San
Mark Rose
I’ve spent most of this morning finishing Traders Bulletin, packing kids of to yet another holiday activity club and replying to some of the messages here so it has probably been an hour and a half since I checked yesterday’s trade.
Today is a no trade day so I could close the position for a loss (I’m £330 down on a £40 stake), however being one of those who likes to push it a bit, I’m still in the trade and looking for a reversal so I can close at a profit.
Time will tell – and then I’ll tell you!
Regards,
Mark Rose
Mark Rose
Quick update on the trade I placed on Thursday.
Come the close on Friday this had pulled back to about £150 down.
I took a bit of a risk and rolled it over the weekend and then finally closed it for a £150 profit on Monday morning.
Regards,
Mark Rose
Brian
Morning Robert
I did reply to your chart comments a couple of days ago but it’s still awaiting moderation … so I’ve removed the links to Yahoo.
The Yahoo Finance DAX and CAC charts look to be directly comparable and by using the interactive ones it’s possible to set up what you want to see to a reasonable extent. It takes a steady hand to use the track ball for the close time interval scale.
After you have identified time points on the two charts you can superimpose one on the other and see how they compare during the day/week etc according to setting. The baseline times are helpful.
For me this gives a useful representation of how the two indices move in relation to one another.
Robert
Brian,
It certainly amazing to know what you can get on Yahoo Finance. I was getting the impression it didn’t fall far short of many systems people pay for. I’ll certainly have a look. IG Index are now doing comparison charts on their ‘quick’ charts which is also a bonus.
The difficulty with pairs trading is that there are a number of ‘signal’ methods, e.g. momentum (based on MA crossovers), Bollinger %B, relative deviation from a mean (like a 20 day SMA), and any combination of the above and more. Since we have no idea what our signal is based upon or what time frames are used you may find that trying to gain some support for this system is actually counter-productive. I haven’t checked Yahoo yet but if it offers you different time frames on the comparison chart do have a drill around – you’d be surprised how far the indices vary in relation to each other on different time frames.
There’s not much doubt from what I’m hearing that the key to making a success of it is very close supervision. Every 15 minutes (and no dog) looks like the optimum.
Mark Rose
Hi All,
Great to see some conversation going on here. I thought I’d post my results for review. These have all been placed on ETX although I have normalised the stakes down to £1 per point on the DAX to make life simpler.
Open Date Open Time Close Date Close Time P&L
30-Apr 19:56 30-Apr 08:01 £31.20
01-May 20:00 01-May 07:34 £23.22
02-May 07:05 02-May 14:28 £28.45
03-May 20:00 03-May 11:34 £26.17
06-May 07:10 07-May 11:32 £25.23
07-May 20:00 07-May 11:29 £33.17
08-May 08:35 08-May 15:44 £20.60
09-May 07:25 09-May 08:58 £21.82
10-May 13:32 14-May 11:52 £0.36
13-May 08:15 14-May 08:09 £21.27
15-May 08:30 16-May 12:53 £14.19
16-May 08:30 16-May 12:29 £21.58
17-May 09:23 20-May 07:51 £21.62
20-May 11:40 22-May 15:13 £16.71
22-May 19:58 22-May 10:34 £19.82
23-May 07:36 23-May 08:00 £22.60
23-May 11:31 23-May 12:02 £13.15
28-May 19:57 28-May 07:59 £20.40
29-May 19:58 30-May 16:16 £7.24
31-May 20:00 31-May 08:27 £20.27
03-Jun 11:56 04-Jun 08:01 £18.56
05-Jun 20:00 07-Jun 09:59 £4.32
06-Jun 20:00 06-Jun 08:59 £15.05
07-Jun 07:04 07-Jun 09:03 £15.00
10-Jun 20:00 10-Jun 13:40 £18.37
14-Jun 19:57 17-Jun 10:32 £15.94
17-Jun 08:08 17-Jun 08:55 £14.90
20-Jun 20:50 20-Jun 08:47 £19.60
21-Jun 19:58 21-Jun 08:14 £19.63
24-Jun 08:15 24-Jun 09:58 £15.60
25-Jun 07:30 26-Jun 11:51 £3.40
01-Jul 07:10 01-Jul 07:55 £22.15
02-Jul 07:04 02-Jul 10:06 £15.50
03-Jul 08:35 03-Jul 08:52 £19.65
04-Jul 08:47 04-Jul 14:46 £14.98
08-Jul 08:05 10-Jul 16:28 -£63.02
12-Jul 07:10 12-Jul 08:25 £17.17
15-Jul 07:45 17-Jul 10:10 £1.93
16-Jul 07:10 16-Jul 08:41 £10.40
19-Jul 07:10 19-Jul 12:04 £19.48
22-Jul 07:10 24-Jul 16:25 -£74.98
29-Jul 07:25 30-Jul 16:00 £6.06
01-Aug 07:10 02-Aug 07:10 -£1.10
02-Aug 07:10 02-Aug 08:10 £15.20
Total 572.85
44 trades
41 winners
3 Loses.
Results are up to the close last week. I’ve made a bit of a hash of it this week missing the winning trade yesterday and failing to close Monday’s trade until 4.30pm yesterday, which should have been closed either on Tuesday when there was no trade signaled or latest yesterday when we had the counter signal.
Overall I’m very pleased with the performance, although I admit I’ve given some back recently, which is almost to be expected after having had 35 winning trades in a row.
Regards,
Mark Rose
Brian
Thanks for the results Mark – very interesting.
If my bean counter is working that makes just short of £550, trading 44 days from a possible 79, based on only £1 DAX/pro rata CAC which looks fine.
There is no clear entry timing pattern but it generally seems to follow a couple of hours or so after 07:00; either side of noon; and around 20:00. Is this by design or just when you find it convenient? Do you have a daily monitoring routine?
Anyone care to say how close they are to these results? If not, how far short?
Brian
Mark Rose
It’s amazing how just a few numbers can give so much detail of your lifestyle!
I’m not using anything to help pick the best entry for the trades, but do try to be relatively consistent with it.
I have recently tried to get a bit cleverer with my IT and linked my PC, laptop and mobile (with varying levels of success) which mean I now get a reminder on all my devices, telling me to trade, which is hard to ignore.
That said I did still manage to miss Wednesday’s winner.
Regards,
Mark Rose
Robert
Mark,
Many thanks for the response.
If we just take the times you’re closing trades to the nearest quarter of an hour it becomes obvious when you walk the dog and what the drawback in the system is. In round figures you’ve been able to close positions at 07.30, 08.00, 08.15, 08.30, 08.45, 09.00, 10.00, 10.15, 10.30, 11.00, 11.30, 11.45, 12.00, 12.30, (walk the dog about now), 14.30, 14.45, 15.15, and 15.45. That’s a very impressive level of supervision.
Unfortunately I bought a manual that says (on the subject of ‘When to monitor your trade’) ‘If you want to log on to your account at 11am and then check it again at tea time – fine!’ (p.20). Without boring everyone with the details – it’s not fine at all. It results in a nerve wracking roller-coaster of massive drawdown followed by long periods of clawing back losses.
My experience suggests that unless you can do what Roy and Mark are able to do all you are in for is a very unpleasant ride. I have not used MRP Energy for the same period of time.
Certainly since the start of July it exhibits to me all the uncertainty of MRP if you cannot monitor your trades in the way documented by Mark.
I do appreciate the openness afforded on this site and if there is any reversal of my fortunes I will report it.
Mark Rose
Hi Robert,
I’m going to keep a food diary to see if I’m really a secret snacker.
I don’t feel like I’m constantly monitoring the system, but your right that I’m normally at my desk relatively early, I do like a long lunch and have kids so my trades times reflect this.
I’ve also been thinking about how to reduce the time required even further and would be interested in your (and everybody else’s) thoughts on the following;
1, We set up a trade copier so that trades are automatically copied all you need to do is log into your account to see what’s happening.
2, We look at getting an MT4 programmer to write an EA that closes the trades when a certain combined profit target or max loss figure is reached.
My thought on the above are until very recently I’ve avoided trade copiers as invariably they have run into some kind of technical issue, however I have been following something for the last 18 months that is proving to be much more robust and has potential.
I like the idea of the MT4 EA too, although translating the strategy to an EA will be more complicated than at first glance, especially when we have more than 1 pair open or where we have had a counter trade and need to decide when to close the trade.
Thoughts please.
Regards,
Mark Rose
Roy
Robert.
I have, for example, done nothing so far, today.
Robert
Roy,
Many thanks ….though for once you’ve baffled me. You managed to say a lot there without telling us anything! What I mean is:
If we’re buying and selling at the same time – which market trend are you looking at and what do you like to see?
If you enter on the demo how much profit/movement do you want to see before you enter a live trade?
If you’re in a losing trade which method do you use to close it?
It would be interesting to understand what you’re doing. At the moment I’m ploughing on with the system as I understand it so I agree – a winner yesterday on MRP but it looks like another (bigger) loser setting up on today’s position. Having stuck with it through thick and thin I actually believe it’ll claw back a lot of the losses. If I’m right about that obviously there will be a decision time for me about whether to carry on or not. There’s no point in exposing yourself to market risk if you’re getting nowhere after such a long time.
Best wishes.
Roy
Robert.
Sorry.
Best to stick to the rules—the system was designed to operate as described.
I simply fiddle about, and try to prevent too much drawdown, by using some demo. accounts.
I do not understand how MRP works, but try to get some idea of direction, before I take a live trade.
I am not aware of anyone else trying this, so probably sensible to disregard it.
Roy.
Roy
Robert.
The problem is that we are looking for the ebb, and flow,of the Indices ( I think that is correct ), and I have absolutely no idea, how to do that, except watch the corresponding figures, and charts.
For what it is worth, I use ETX Capital, and GKFX.
GKFX allow you to trade in 10p shots, so even if things turn to Rats., life goes on; I find this a fairly gentle way of getting things wrong.
I also have the ( indices ) charts on MT 4, using the 200 moving average, and the 20–I use Simple–as this gives some visual idea, of what is happening.
Yesterday was a great day, and the signals performed—but I still use my demo. to confirm the trend, and this took some time to settle, so quite a few points were lost. For me, it is an eyeball thing, and I use GKFX, if dodgy, or ETX, if the ISI is obviously going nicely. I really only aim for small profits, in the hope that momentum will do the job.
This is hugely unscientific, so please don’t be tempted—–it HAS worked for me, mostly, but too many re-entries becomes costly..
Roy.
Brian
Robert
I’m not using Reply so this doesn’t get lost above … it may be of interest to others.
The Yahoo Finance DAX and CAC charts look to be comparable and by using the interactive ones it’s possible to set up what you want to see to a reasonable extent. It takes a steady hand to use the track ball on the mountain setting (I make the scale one minute) but try these charts which I’ve stripped of moving average traces for ease of viewing http://uk.finance.yahoo.com/echarts?s=^FCHI#symbol=^fchi;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=1;logscale=off;source=undefined; for CAC
and http://uk.finance.yahoo.com/echarts?s=^GDAXI#symbol=^gdaxi;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=1;logscale=off;source=undefined; for DAX.
After you have identified time points on the charts you can superimpose one on the other and see how they compare during the day … week etc according to setting. The baseline times are helpful.
For me this gives an easy and useful graphical representation of how the two indeces moved against one another for monitoring purposes.
Attempting to compare two separate charts minute by minute is a challenge!
Roy
Robert.
Not sure how to answer your points, which are valid.
As I said before, I really like this system, and wish I could understand the internals. The system has been good to me, perhaps by chance, and although it is having a wobble, compared to recent gains, I will stick with it—-so much better than most systems ( Bread and Butter being the exception ).
I do find that it pays to check for direction, and I also admit to being pretty unadventurous, in that 10/ 15 pips, is as good as my nerve will allow. I stick by my demo. accounts, for some confirmation, but this is not a recommendation.
Probably not much help, to you, if you’re taking the flak, but it does work.
Roy.
Robert
Roy,
As I said it is helpful. Can you specify how much ‘direction’ you look for before you enter? It might be possible to do it with the ‘unsupervised’ approach – depends how long it takes for the market to move I suppose! Also what are you doing with trades that move into a loss – how/when do you close them?
Brian
As a follow on to my last post, I have been using the Yahoo Finance pages to track price movements of the DAX and CAC.
By choosing CAC and using the ‘Compare’ function it’s possible to superimpose the DAX price trace onto the CAC chart (or vice versa). http://uk.finance.yahoo.com/echarts?s=^FCHI#symbol=^fchi;range=5d;compare=^gdaxi;indicator=ema%2810%29+sma%2815%29+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Today (5 August) for example the ISI was to buy DAX and sell CAC but the DAX price remained below the CAC all day.
Brian
Robert
Brian,
When the system is working at all I found the best approach was closing the position whenever I found it in ‘above average’ profits. I don’t think the entry can be optimised – we don’t have enough information about the signal to even begin to do that. Historically, I started in December 2012. I have not found looking at comparison charts has added anything to my knowledge. I started with a run of losers. It took many months to bring the account into profit. The latest run of losers has just wiped that out. I stress I have always been using the ‘unsupervised’ trade style. The problem has always been that the losing trades are generally far bigger than the winners. Compounding when you’re in profit has been near lethal. When you hit the losing streak you’re just compounding the losers! The ethos of the system is to close winners and let the losers run. That’s obviously contrarian but it would work if the win:loss ratio permitted it. With unsupervised trades I seem to get into difficulty because they can quickly go into heavy loss and, depending on how you read it, you have three or possibly four choices as to how to cut that loser. That’s why I was trying to get some specific information from others. I have to say the dearth of responses from anyone using this successfully by leaving trades unsupervised is pretty telling.
Robert
Brian,
I should have specified on the subject of comparison charts:
You’ll find the indices are often in a different position relative to each other on different time frames. So one may be ahead of the other on the Daily chart but the other way round on the 1 Hour chart. Also, even if the signal seems contrary to their relative position on the comparison chart it can validly predict they will move further apart (I hope that makes sense). I wouldn’t want to discourage you exploring the charts but if you check for those features I think you’ll find that it doesn’t help. I wouldn’t want to say too much on an open forum but you’ll find that the smaller time frames on comparison charts give you more of a clue about what’s going on for this system.
Brian
Robert
Thanks for giving food for thought. It’s early days for me but paper results so far seem to bear out your comments.
On the face of it, finding and using a spread betting system (a sorting wheat from an awful lot of chaff exercise) that can give profitable results overcomes the hard work and time involved in learning the ropes from scratch. The alternative is to absorb the likes of The Financial Spread Betting Handbook by Malcolm Pryor (an impressive, sobering and informative read) but few will have the discipline to follow through successfully.
Please share your experiences so far with the energy strategy.
Good luck, Brian
Brian
I am part way through the trial period and have concerns tat frequent monitoring seems necessary (which I hoped to avoid) but even then picking a good moment to optimise profit, if any, seems entirely unpredictable.
A combination of chart checking and some paper trading over the last 10 working days (a short time I know) has not left me feeling optimistic – particularly after reading some very positive comments here beforehand.
The extremely impressive results reported for the new energy strategy are outstanding but you mention much less favourable results. It would be a great help to me, and no doubt others, if you will share your experiences.
Like you, I’m not having a moan and genuinely hope MRP and the Energy product will be highly profitable. But it’s realistic to keep in mind that however well intentioned, the majority of betting services fail to deliver.
San
Can someone explain S&F trade Vs adhoc trade please. I just joined 2 days ago & the manual doesn’t mention any thing about these. Or these are a thing of past now, after the revision of the strategy? Thanks in advance for the answers.
Robert
San,
The original system only applied to the European indices. ‘Set & Forget’ was the old equivalent to ‘trading at set times’ under the new system. ‘Ad Hoc’ was the old equivalent to ‘checking trades as often as possible’ in the new system. They aren’t radically different.
San
Robert,
Thanks a lot for the clarification
Laurie
My feeling now is to follow the rules to the letter. I shan’t keep trades open in order to glean a few extra points. I shall close them down when a change in direction is a probability.
Simon C
Hi Mark
Can I ask, how are you playing this weeks MRP, do you still have Mondays position open, until the ISI tells you otherwise.
Regards
Simon
Roy
I would be interested to know the thoughts on the above question.
Monday set the tone, for the week.
Roy.
Mark Rose
Closed both today’s MRP & MRP Energy trades for profits.
That’s MRP up to 4 in a row and MRP Energy has maintained it’s 100% record with 14 winners in a row.
Regards,
Mark
Mark Rose
It took a while to happen but I have closed my 12th and 13th MRP Energy trades for profits this afternoon.
We are working hard on getting the MRP Energy manual together and should have it available in the next 3 to 4 weeks.
Regards,
Mark
Mark Rose
I’ve closed the trade I rolled over for a small profit in the end, so that’s 3 out of 3 winners.
Regards,
Mark
Mark Rose
Today’s trade opened and closed for my 2nd winner. Yesterday’s trade still open.
Regards,
Mark Rose
Mark Rose
Back to my winning ways today. 1 down 34 to go!
Regards,
Mark
Mark Rose
Winning run tops out at 35 consecutive trades in a row and a 50% return. Yesterday’s trade was my first loss since the 25th of April!
Regards,
Mark
Mark Rose
1 more MRP Energy trades closed for a profit making in 11 out of 11.
Regards,
Mark
Mark Rose
Just closed the 3 MRP Energy open poistions I had, all for a profit. That’s 10 out of 10 now.
Regards,
Mark
Roy
Hand brake turn required,yesterday—-my demos. did warn me, so not too much damage.
Perhaps I read this incorrectly—would appreciate any other views.
Roy.
Mark Rose
I finished the week with my 35 winner in a row on MRP and my 7th winner in a row on MRP Energy (with one postion still open).
Regards,
Mark
Roy
Another read of the rules, and all becomes clear—-my own fault.
Roy
Indices, early on, have produced a very good return, although still uncertain when to come out—–or how many points is enough.
My Oil trade has floundered. Stayed in too long, and paid the price.
Double checked my entry tabs, and seems correct, so must regard this as a normal expense.
Roy.
Mark Rose
17 minutes today to make £779.70 and bag my 34 winner MRP winner.
I have to admit I haven’t been compounding, but with a winning run like this compounding will have a massive effect on the profits.
Regards,
Mark
Henry
Me too.
It sure is a brilliant run, I’m fighting the urge to remortgage the house and go all in!
Henry
Dan
My energy trade is still open, but the index trade closed in about 25 minutes!
I’m compounding my profits and upping my stakes after each winning trade, the results really have been amazing.
Dan.
Roy
Thanks, Mark.
No doubts here—-may have a smaller target, but finished for the day, by my previous standards. Just love it.
Roy.
Mark Rose
I was a bit late getting my energy trades on today so didn’t open them until 12:15pm.
Closed them at 18:42 for my 6th profit in a row maintaining my 100% success rate since Martin launched them.
My plan is to put together a video showing the performance and explaining what you do as I’ve had a few emails doubting it could really be this easy!!
Regards,
Mark
Roy
Oil.
Took a while–but what can one say.
Wife thinks I’m smoking something.
Roy.
Mark Rose
Forgot to say I’m also 5 out of 5 on the new MRP Energy trades too.
Regards,
Mark
Dan
I couldn’t agree more.
This has been the best performing and simplest strategy I have ever used and now we have the MRP Energy trader it’s got even better.
Thank you Martin and Mark for letting us in on it!
Dan
Mark Rose
33 winners in a row, although have to admit I snatched at the profit a bit and could probably have got more.
We’re working like mad to get the new MRP & MRP Energy manuals ready for the printers. As far as I’m concerned everybody should be trading the MRP strategies at the moment!
Regards,
Mark
Mark Rose
Took all of 45 minutes this morning to bag £888.45 and my 32nd winning trade in a row.
Regards,
Mark
Roy
45 minutes it was —not to your standard, Mark, but a cracker, nevertheless.
Just come out of Oil–another nice little number.
Roy.
Mark Rose
Closed 1 more winner on MRP making it 31 winners in a row, plus another 2 MRP energy trades making that 3 in a row.
Regards,
Mark
Mark Rose
MRP ENERGY OFF TO A WINNING START!
Martin’s new MRP energy trade has just banked it’s profit for the day.
Nice to get off to a winning start.
Regards,
Mark
Roy
Took a while, but just the job.
Goodnight, Forex.
Mark Rose
30 Winners in a row, a 36.70% return on my pot since 30th of April and new highs being hit. MRP is doing brilliantly at the moment!!!
Regards,
Mark
Mark Rose
29 Winners in a row and making new highs MRP is on fire!
Can’t wait to get started on the new MRP Energy trades on Monday.
Regards,
Mark
Laurie
I’m very hopeful that the new strategy will be beneficial to us all. Well done with such a great run, Mark!
Good luck to all.
All the best,
Laurie.
Laurie
Well done Mark. I’ve been trading half stakes over the past few weeks and had stood back a bit, prior to this. It has been a good run although not as long or as good as yours. I’m confident about it and have started full stakes this morning. I was in and out within half an hour today with the target hit. Very nice too! I’ve had eight out of eleven trades as winners with the other three being minimal losers. I’m not using the S& F now – only the ad hoc. I feel happy with it…an easy way to trade:)
Mark Rose
Today’s trade now closed making it 27 winners in a row.
Existing members should also now have received Martin’s update including the new MRP Energy trades.
Regards,
Mark
Mark Rose
I’ve just closed my 26th winning trade in a row this morning (it was a trade I rolled over from Friday).
MRP members should also be getting an email from Martin today about a update to the strategy and a new pair to trade. To say MRP is going well at the minute would be an understatement.
Well done Martin!
Mark Rose
25 winners in a row now and some changes afoot, hopefully including a new pair to trade
Mark Rose
Make that 24 winners now.
Not 100% sure why the CAC spiked up at 10am compared to the Dax (I know the French and German trade balances were published so assume it was a reaction to this), but it enabled me to take a profit from the trade.
Regards,
Mark
Colin
Hi Vic, any news on the new profit target. How’s it been workign for you? I’ve been going nicely with my Ad Hoc, but wondering if I should be pushing it a bit more?
Vic
Hey Colin – come on in, the water’s lovely! Have been enjoying a great run of winners. I know it can’t last for ever, but looking forward to seeing the changes that Martins been hinting at
Mark Rose
Another 3 MRP winners this week taking me to 20 winning trades in a row.
Regards,
Mark
Mark Rose
Another 4 winners this week making it 17 winners in a row now.
Regards,
Mark
Mark Rose
Hi Simon,
I’ve just had 13 winners in a row using the Ad Hoc method, which when you combine this with the increased profit target I started using in Feb is very good going.
Regards,
Mark
Simon C
Hi Mark
I was just wondering how you have been getting on with MRP, since your last post of your results. pre DAX move.
Mark Rose
Closed today’s trade and the trade I rolled from last week too. That’s 10 winners in a row.
Mark Rose
5 Ad Hoc Trades this week 4 closed for profits and 1 rolled over into next week. That’s 8 winners in a row now.
Mark Rose
4 Trades this week all winners and I’m still using the increased profit targets.
I definitely prefer Ad Hoc to Set and Forget, even though we can now close S&F trades early if we want to.
Alan Walker
Hi Robert, just an update, costing me! in overnight charges.
Currently- Dax + £127, Cac – £570
Hope things sort out soon!
Regards
Alan
Robert
The CAC has been moving ahead of the DAX since 5.4.13. The gap in that direction increased dramatically around 19.4.13 (it was News). On 24.4.13 it reached a level of divergence which hadn’t been seen for about a month. Sadly the system had us shoving our head deeper into the noose during that period. I can’t believe anyone using S&F would not have suffered heavy drawdown in about the last week and I’d be surprised if Ad-Hoc traders did much better. In the absence of News it takes quite a while for the indices to return to parity after this much divergence. It actually increased after my last post. The S&F indicator is suggesting they will move further apart from where they are now – I must say that doesn’t fill me with confidence but there it is!
Alan Walker
Thanks for the message Robert.
Its great to hear that somebody is doing well.
I have left it alone for a while but traded this week as the indicator was so positive and still is. I traded £1 Dax 2 Cac on Monday evening S/F
and again on Tuesday, Still live now 8pm Thurs, Mon trades = Dax – £218 Cac + £196. Tues trades Dax -£243 Cac + £206 so down a total of £61 and I should have closed Mondays trades by now.
Regards
Alan
Robert
Alan,
It looks like I’m doing better because I can give the S&F trades more supervision than you. On those same two trades I closed them just before the rollover charge when they were close to parity but in small profits. My feeling is there’s not much point in paying the rollover charge in those circumstances – how right that is I don’t know. It means on the same two trades I’m actually in profit by c.£50. This week has been below average performance for me and I can see this morning that the two indices are diverging in an unhelpful way so I doubt this will be a profitable week…Best of luck to you.
Alan Walker
Robert, just came home from work.
Dax – £465 Cac + £170.
Down £295.
I have just had to transfer money into my account as I was getting very low on trading recources, I will just have to sit it out!
Anyone else? *edited by moderator*
Alan
Robert
A quick reply for Alan:
Between 1.2.13 and 12.4.13 I’ve put on 31 trades and 8 have been losers. I’ve traded on both systems. I’ve been closing S&F trades when they go into ‘above average profit’ based on Mark’s published figures. Based on £5 DAX stakes my profit has been £2045.35. It’s clearly time for the market to give me a kick in the ‘accounts’ but, equally, the system is clearly working for me. Two things I’ve been doing that may/may not be helping:
1. Over that period I’ve been able to give S&F trades more supervision than normal – it’s fair to say I’ve blurred the distinction between the two systems. I won’t be able to do that forever and I’m also not sure whether it helps over the long run.
2. I’ve avoided leaving S&F trades open over the weekend if I’m in profit or near to break-even. Again, I’m not sure of the long term wisdom on that but recently it has helped. It seemed to me that the sort of news that’s been breaking over weekends means leaving a trade on isn’t worth the risk of losing a profit.
It’s just some points to consider and I hope a bit of encouragement to battle on and try and work out where it might be going wrong.
Mark Rose
Hi All,
Each Friday Martin send his members an MRP update and I thought I’d post his latest one here.
As you’ll read this gives a full breakdown of all the MRP trades I have placed on my ETX account since I started trading the system back in July 12.
I think it’s great that after all the hyperbole that goes along with a launch of a new system, you can see an honest and accurate assessment of the results achieved to date.
I am personally very pleased with the results and will continue to use the strategy.
Regards,
Mark
———————————————————————-
Dear MRP Members,
First of all I hope that you all took advantage of the Easter holidays and took a well earned break.
It’s been a while since I have taken a close look and analysed the independent trading record of my publisher (23Jul12 to 04Apr13 inclusive) for both the “AD-Hoc” and “Set and Forget” methods of trading the MRP strategy. These are the results…
All results are net (after allowing for overnight funding charges to be deducted).
A reminder that the Set and Forget (Passive) method has been traded at set times prior to 9am daily. There is no specific profit target as the trades are generally closed 2 working days later. Having said this, I did advise to bank any profits over the average gain (for this method), whenever, and if at all possible. Again, the stakes are based on £1 DAX/£2 CAC (the actual CAC stake traded was as close to the exact weighting level possible on ETX). For the sake of this exercise, the results have been normalised, as he actually trades at many times the minimum stakes.
The Ad-Hoc Results:
A 82.96% strike rate.
There have been 135 trades since he started trading of which 112 were winning trades to give him his “83%”.
On a bank of £1000, he has made a profit of £302.8, which is an increase of 30.28%.
The highest winner recorded was £32.77 and the loser was £104.89
The average size of the 112 winning trades is £11.20
The average size of the 23 losing trades is £41.35
The Conclusion:
I am a naturally more cautious trader than my publisher, I would have preferred to see those staking levels with a relative bank size of £1,500. This means that returns on the eight and a half months would have been a more modest 20.19% – Nevertheless, this is still a very substantial return by any standards.
These are the actual trading results achieved with live trading on an ETX Capital account.
The S&F Results:
A 54.24% strike rate.
There have been 118 trades since he started trading of which 64 were winning trades to give him his “54%”.
On a bank of £1000, he has made a profit of £417.59, which is an increase of 41.76%.
The highest winner recorded was £128.77 and the loser was £116.22
The average size of the 64 winning trades is £32.40
The average size of the 54 losing trades is £30.11
These are the “nuts and bolts”.
The Conclusion:
As stated above in the “Ad-Hoc” conclusion, I am a naturally more cautious trader than my publisher, I would have preferred to see those staking levels with a relative bank size of £1,500. This means that returns on the eight and a half months would have been a more modest 27.84% – but as with the “Ad-Hoc” method it is still a very substantial return by any standards.
These are the actual trading results achieved with live trading on an ETX Capital account.
Please remember that both methods of trading are long term strategies and newcomers opting to trade the “Set and Forget” method are more likely to hit a “loser” or “losing run” at the outset. This is based on statistical records that show a success rate of 54% compared to 83% on Ad-Hoc.
Again, I sincerely hope that you have found the exercise both interesting and informative.
That’s all for now folks.
Good Luck with all your trading and have a good weekend.
Regards,
Martin
Alan Walker
Mark, thanks for taking the time and getting back to me.
Regards
Alan
Mark Rose
Hi Alan,
I can’t work out how to insert a picture on here so will email you some screenshots from my accounts to verify this.
Over the last month I’ve closed 10 S&F trades.
8 won 2 lost overall profit of £7399.08
I’ve also closed 7 Ad Hoc trades.
6 have won and 1 has lost with an overall profit of £1301.82
Giving me a combined profit between the two of £8700.90.
As you can see from the above it’s been a pretty good period for me, albeit a bit light on trading signals.
As per Martin’s instructions and my previous comments on this page I have upped my profit targets on Ad Hoc and will close a S&F trade early if there is a larger than average profit on the table.
Regards,
Mark
Alan Walker
Hi all, not a lot happening on here, where are you all?
I have not had the best of times (trades) still down several hundred pounds (inc PP).
What is everybodies thoughts?
I keep on percivering but I do not feel confident when I do trade, and the results show why!
I really do hope that things improve!
Regards to you all
Alan
Vic
Okay Mark, you’ve convinced me. I’m going to give these higher profit targets a go too.
Mark Rose
Made it to 10 winners in a row at the new higher profit target, before having to close one at a loss today.
Henry
Hi Mark,
I read this weekend in Martin’s MRP update that you have increased your profit targets. Downside of this of course is you will see a lower winning trade ratio. What effect has this had?
Henry
Mark Rose
Hi Henry,
So far since increasing my profit targets I’ve won all the trades.
When I looked back at the average profit for the S&F trades it seemed to me that I was leaving too much profit on the table by closing the Ad Hoc trades so early.
That said I would expect to see the winning trade ratio drop because of the increased target and I am preparred to close the trades down earlier if I feel I want to protect the profits I have made prior to some news or if a market has reached an important level.
Regards,
Mark
Mark Rose
I’ve had a few emails asking why I’ve pushed my profit targets out with MRP.
My logic is that I felt my risk reward was a bit low, so when I inevitably hit a loss it was taking 3 or 4 trades to get back on track.
I’ve pretty much doubled the profit targets I’m aiming for as I feel this is a much better balance between risk and reward.
Regards,
Mark
Dan
I joined mid Feb and it’s been good with only 1 loss so far (ad Hoc rather than S&F).
I’m going to have a go at pushing the profit targets out a bit as Mark is doing. I did think about closing half the trades off when the first target is hit and then letting the rest run, but can’t decide if this makes much sense with this strategy?
Dan
Mark Rose
2 trades again this week, both winners and again both going for larger profit targets.
That’s 8 winners out of the last 8 trades. Just want to get back to the average of 4 trades per week!
Mark
Robert
Just a post on my general experience with the system. I’ve used S&F since January. I took some losses in January and early February. I carried on trading with reduced stakes and I’m now coming back into profit. Two particular days caused the highest losses by far. On one of those days we had some News out in both France and Germany. The French numbers were bad and the German numbers were good which caused a pretty colossal divergence in both indices. Long term I remain very positive about the system and it seems to me it’s worth sticking with it. A feature of it is that when it goes against you your account can take a big hit. This may, understandably, cause people to become disillusioned. The answer is, if possible, to reduce your stake size so that the losses don’t go outside your ‘comfort zone’. Finding the level of risk that you can take over the long term is important generally but the way this system operates might emphasise it that bit more. It could be that whacky results on News days balance out over time but another thing people might want to consider is skipping days when BOTH countries have important Fundamental news out.
Alan Walker
Hi Ian, thanks for your reply.
Alan
Ian
If the system is any good in shouldn’t need upgrading.Tweaking a system and changing rules to suit system performance is the road to ruin.Sometimes in the long run you have to take the loss, bite the bullet and admit failure.trying to dig yourself out of a hole with a method you don’t trust anymore will hurt you psychologically.
Hope things work out for you.
Ian
Mark Rose
Hi Ian,
I’m not sure I agree with this logic. Lately the direction of the indicator have been switching back and forth and this has resulted in a lot more no trade days.
This isn’t something Martin encountered during the test periods and he is looking to see if he can make any improvements.
For Ad Hoc I’ve only placed 4 trades in the last 2 weeks, which is probably about half the number I’m used to. I’m glad to say they have all won and I’ve even been pushing the profit targets out a bit, so this has actually been quite a good couple of weeks.
That said I’ve still got ground to make up and I’m very interested in any developments that Martin comes up with as I think this shows his continued commitment to his members.
Regards,
Mark
Alan Walker
Hi Martin/Mark, I have not traded for a couple of weeks until this week.
The indicators said ok on monday so I traded £1 + £2 I might have missed an adhoc on Monday but I closed on a loss as the indicators had changed.
Traded again today as the indicators were ok, again the same thing has happened ( down £32 as I write) indicators have changed again.
On both days I have noticed both indices rising rapidly from about lunchtime I knew what the indicators would say about 2pm today, but I stuck with it as the indicators said so. What I am saying is if things change at lunchtime why dont we know until 5.45, tell us earlier so we can get out and get on a winninig trade.
You know from my previous posts and emails I am several hundred pounds down, I would like to get it back if possible, but I have not put two wins together since I started. In your latest report you stated that we should exerise patience, I have and I am still in losing trades.
I have read in the forum you are upgrading the system, is this right?
Regards
Alan Walker
Mark Rose
Hi Alan,
Can you have a chat with Martin about this? I’ve traded 4 times in the last 2 weeks and all have won and I’ve been pushing out the profit targets.
Martin does have a group of beta testers testing something at the moment, which if it continues to be successful he will advise the members of.
Regards,
Mark
julian
Hi John / Martyn,
I have been having similar results, before christmas i was flying using MRP but this year i have had very little success and have at this time stopped trading this system.
i think martin is looking at updating the system , mark however does not seem as active with this forum ?.
John
Thought I might share my results and some thoughts.
I started using the system on the 26 November last year and traded up to the 21 December. I took a break over Christmas and New Year and then traded again from the 4 January up to today.
In both period I only entered one trade a day and entered at roughly the same time each day. I also only enter a trade if both indicators are in the same direction.
Prior to Christmas there were 21 days on which I could have traded and I took a trade on 18 of these (in other words I traded on 85% of available days). In this period I had 15 profitable trades so a success rate of 83%.
What is interesting is comparing these results to the period after Christmas. From the 4 January until today there were 30 available days on which I could have traded. I only took a trade on 11 of these (that is 37% of available days). However of these 9 were profitable so a success rate of 82%.
What I find interesting is that my success rate is fairly constant but due to the fluctuating nature of the indicators I have traded less since January. I’m not sure what others are seeing and if my experience is shared by others.
Having now had more experience of the system, I still like it and obviously I’m still showing a profit. However I still have some concerns. These are around trying to filter out low probability trades (or trying to spot high probability ones) and more importantly when to take a profit or accept a loss.
Of these profits are relatively easy, I know roughly what to expect so if I see a profit in the right region then I take it. However losses are in my view much more difficult. I’ve had a number of trades that go heavily into a loss situation but if left the go back into profit either later the same day or the next. However I have had some trades that show a loss that just gets worse. It is difficult therefore to know when to ‘pull the plug’ on a trade. It’s not as simple as having a loss figure in mind as a trade could go past this and then recover so closing early would reduce the hit rate. Does anyone have any ideas or should Mark or Martin be offering guidance?
Martyn Y
I started to trade live on January 7th using the set & forget method, have only had 1 or 2 wins with the rest being losing trades, using the 2 x cac & 1 x dax , finally stopped trading on 7th February having now lost approx £230.00
Have always traded when the indicators suggest we should and wonder if other traders have had the same result, I feel that at the moment the MRP strategy is not working in the current market conditions and suggest major tweaks should be implemented, it’s as shame as I was taken in with all the advertising hype and felt this was going to be a good simple system to follow…….only to find out that its another one that drains one account, have now lost complete confidence and will only re-start in demo mode when it has been revamped
Laurie
My trading has been reduced lately as I’ve been very specific – maybe too specific – in taking trades. The market has been so changeable recently. I’ve not taken any set and forget trades. I’ve only taken targeted ad hoc trades when there is no doubt as to the direction at the time. I’ve also tried Roy’s idea with the demo and found it useful but not guaranteed, as when I’ve placed a live trade the market has changed shortly afterwards. Overall though, I feel that using the demo account as a marker before taking the trade is a good idea.Good luck, Laurie.
Roy P
I started today with my demo. platform, as dodgy, signal wise, and price did the usual, until around lunchtime, when it started to become positive; ETX live, waited until 10 plus, and out.
I am NOT saying this is a recommended IA, but, at the moment, it is working for me.
Hope this helps,
Roy.
Roy P
Not sure whether this is the way to do this.
I do not really know how this thing works, so I now start with a Capital Spreads demo., to see which way the wind blows, and, if good news, quickly scramble my ETX live.
Today, it went 30 odd points, the wrong way, turned around, and I finished up plus 13, on my live account.
I have no doubt, someone will shoot me down, but it does calm the nerves.
Roy.
Vic
Closed out today’s trade early this morning for a very fast profit – I know I’m meant to sit on this for two days, but it was just too good to pass up! Also closed yesterday’s trade for a decent before the non-farm payrolls came out. Overall a very good day!
julian
Well done Vic, I decided to sit it out as the two indicators were in conflict with each other.
Roy P
Julian.
I think the interaction between the two indices is the bit we are after.
I have no idea how to read this, despite much searching, but I have found that if one sticks rigidly to the signals put out by Martin, then there is a good chance of being right.
Some days are good for 10ish, and then pack up—-today, 10 to start with, and a cluster of smaller numbers, but, for me, it has been pure luck, with the ony judgement coming from the daily signal.
Roy.
julian
Had a terrible week with MRP, just wondering if it would be better to not trade at the moment as the DAX has done nothing so far this year, if you put up a daily chart the DAX has just traded sideways since the 2nd of january .
I think i will wait until it breaks out of this range before jumping in again , it would be good to know your thoughts on this mark/martin ??
Alan Walker
Mark, I have done it again! since my last post (never had a reply or comment to my posts) I have not traded, as indicator suggested not to, but last night traded as indicator said, buy Cac sell Dax ad hoc. As I have lost several hundred pounds trading S&F decided to trade ad hoc. Well presently I am £50 down on that trade and my last 2 S&F lost £150. My trades are only £1Dax and £2 Cac.
I am following what is indicated and continue to have losing trades.
I know you cannot win all of the time, but just now and again would be nice.
Mark Rose
Hi Alan,
My results are a bit different to this?
The last S&F trade I placed was on the 17th and I closed this for the equivalent of a £69 profit (based on £1 stake) later that day.
Like you I opened an ad hoc trade yesterday and this is down approx £30 based on a £1 stake, but still potentially has 2 days left to play out and seems to be coming back a bit this morning.
Regards,
Mark
Roy P
On ‘dodgy’ signal days, when risk is greater, I amuse myself by putting up my demo. platform, alongside the live, and jump on if things appear positive.
Probaly a rubbish idea, but I surprised myself, with 20 plus, recently.
Roy.
Laurie
Hear, hear, Vic. Mark and Martin’s support has been second to none. Every question I have put to them has been answered comprehensively and quickly. This isn’t a get rich quick scheme and it doesn’t claim to be. Patience will be rewarded, I feel. We all want quick results but different and higher risk systems would be required for those. Slowly does it….:)
Vic
Cheers Mark. I really appreciate how helpful Martin and you have been along this journey
Vic
I’m really enjoying this strategy but just wanted to check something. Due to the signal change, I’ve just closed out the trade I opened yesterday morning for a (small) profit – have I understood this right? Is this what others are doing?
Mark Rose
Hi Vic,
Yes that’s what Martin advises to do if there is a signal change and you have an open trade, so well done.
Regards,
Mark
Colin
I spent a good while demoing this, as it just seemed to simple to work. (it does!) Have recently gone live (not a great week this last one) but I know from my demo trading that this can profit. Am trying to follow Martin’s advice to the letter – keeping my stakes low and compounding.
Vic
I can back up what Roy is saying here. I’ve taken a few losses on this (I don’t expect all my trades to win) but the win rate looks roughly in line with what the publisher said.
Roy P
I haven’t kept a precise record, but the system has been kind to me, and my strike rate is very close to the claimed fgure–if not better.
I have had losing days, where I have traded, on purpose, on demo, against the contrary signal; my live trades, have always been in agreement with the advice, given by Martin, and I usually see an initial deficit, beyond the spread, and a recovery—-I try to come out at around 10, or sometimes less. I am happy with this figure, as compounding will prove, over time. I leave a trade if the recovery does not start to motor in reasonable time, but no science, here, and by minus 8, I’m off.
Roy.
Jeff
Re my previous post:
Just received new password from Martin. Anyone else who has also somehow failed to be notified of this should contact him.
Jeff
To my great annoyance and frustration, I couldn’t access the members’ area this evening (the password didn’t work). DId anyone else have this problem? Has the password been changed? (I have not received any notification to this effect).
I AM still a member! (have not asked for a refund).
Ian
Hi Mark thanks for the answer.Do you have any stats for the method based on the 21 years of data.Average win, average loss, win to loss ratio, profit factor etc.
If you do then i cannot understand why people are not following the method based on the stats.
If you have an edge you milk it but within the set parameters.going off piste so to speak will only get you into trouble.
Is there a defined stop loss strategy because it seems to be taking the big hits that is causing the problems for some people.
Ian
Mark Rose
Hi Ian,
Two of the commitments I made when setting up Thames Publishing were I would never publish a system that I wasn’t trading myself and would never publish results based on back tested data.
We use back tested data to help design a system, but then use live trade data to prove it’s performance.
The results below are based on my own trading results and minimum stakes, although I place my trades at considerably larger multiples of these.
Winning trade 84.68%
Average winner £10.15
Average loser £27.16
As you can see from the above with a win rate of 84.68% my profit totals (based on per 100 trades to make the math easy) is more than twice my loss.
84.68% x £10.15 = £859.50
15.32% x £27.16 = £416.09
Martin has deliberately aimed at achieving a high win ratio as we believe for the majority of traders psychologically this is a better approach, however it would also be possible to increase the profit target if preferred although this would of course have to be at the expense of the win ratio.
I’m more than happy to and have been sending these result out to members to take a look at and several of the guys on here have already seen them, but unfortunately I cannot send them to non MRP members as it will give away too much detail on the strategy.
Kind regards,
Mark
Roy P
Ian.
I did get bitten, today, to the tune of 40 notes, but had reverted to demo., as Martin pointed out the possible outcome of trading with conflicting signals. I wanted to see the result.
Prior to this, I have used my live account, to take around 10, and vanish for the day, and this has been really very good.
I would love to know how to fathom it, but seems if one sticks to the rules, then the chances of a profit, are pretty good.
Roy.
Ian
To me this method in the end is based on pure luck.Unless you have a predefined exit target based on research and you know mathematically you have a long term edge i wouldn’t be playing this game.
There has to be a proper plan in place and rules of when to enter and when to exit otherwise it’s down to luck.
This method is a bad way to learn how to gain bad habits in the trading arena.If you don’t know when to run your profits and cut your losses short then i’ll guarantee the market will bite you back in the end.maybe not now but in the future.
Mark Rose
Hi Ian and thanks for your comments.
I won’t got into details in an open forum, but if you’d like to try the MRP Strategy you’ll see that there is a predefined exit target based on 21 years of data.
Graham G
I traded today at reduced stakes as per the manual. You’re not one those who got a freebie are you Jeff?
Jeff
No, Graham, I paid the full price!
Let me explain what I meant…
In the members’ area when the long-term ISI is the same for at least 2 days BUT is in conflict with the short-term ISI, Martin’s standard wording is:
‘Ad Hoc traders can place trades as indicated but exercise caution, possibly by reducing the stake size or NOT TRADING AT ALL.’
My own feeling is that, in this situation, while an Ad Hoc trade MAY be successful, the PROBABILITY OF SUCCESS IS LOWER than it would be if both indicators were in agreement. Therefore I personally choose not to trade when this is the case.
My suggestion for you is to do likewise, since your priority should be to develop confidence in the system, and to this end you should take only the higher-probability trades (where both indicators agree).
Hope this helps!
Jeff
Graham G
Ian.I agree with what you say about testers who got their system for free. What really annoys me though are that some of them, then come on here criticizing paying clients for having a moan now and again. I am yet to make any real profit and need to let off steam now and again. I am not talking about John and Laurie who have always given good advice and support. I know John paid for his system anyway. I did start the new year well with 3 wins so far, but today’s trade is already £40 down on reduced stakes. Might come good.I got a feeling it won’t. That will once again wipe out all my profit. I think I should have waited for both indicators to align. but like many of us I am just trying to make inroads into getting the cost of this system back. How long that will take, God only knows.
Jeff
Graham G!
I fear you are your own worst enemy!
I don’t know what your financial situation is, and you may not want to hear this, but I feel that it is a grave mistake to focus on recouping the cost of the system as quickly as possible.
Your first priority MUST be to gain confidence in the system, by trading in demo for as long as necessary, then starting live with minimum stakes and building up only as your confidence allows.
Why did you trade today, when you yourself admit that it would have been better to wait for both indicators to be in agreement? Now with that trade showing a loss you have just reinforced your fears and doubts! You must be patient in order to give the system the best chance of success!
Best regards, Jeff.
Laurie
Good points from Ian John and Ray.
Regarding the need to recoup the cost of the manual, that is fair comment and I have been in the same position myself with other systems. However, in this case, the fact is that it didn’t cost anything to use a demo account and the cost of the system therefore didn’t apply. My results were demo account results but I have to say that I was disciplined and these would have been the same results in a live account. I applied minimal stakes virtually every time. I hope this helps re the psychological reservations…I’m very positive about it all.Good luck. Laurie.
Ray
I agree John..it is difficult to work out a risk to reward ratio on the short term trades. I`m still on demo for this reason.
John
Just thought I’d add some comments. I bought this system so understand the comment about recouping the cost. I’ve been trading live since the 26th November and I’m extremely positive about the system. It’s not a get rich quick scheme but I do think has the potential for steady profits. I’ve already made profits of more than the system cost and although early days I see no reason why these will not continue.
Having said I’m positive about the system, I can see that it won’t be for everyone. I’m very disciplined about how I use the system but I can see that some aspects of the system that are positives may also cause problems for some people. As some examples of what I mean; the system can be used at any time of the day. That means some may be tempted to take multiple trades each day and such overtrading can mean unnecessary risk (I only take one trade a day). Secondly the system does not have defined profit targets (or equally loss limits). That means there is a temptation to either take profits early or leave trades to run and miss a profit. Equally trades showing a loss may be closed early (at a loss) rather than leaving them to see if they return to profit (as has been my experience). Martin has touched on this in the manual and in emails but I can see could cause issues.
Ian
To be fair to everyone the beta testers i think (and you can correct me if i’m wrong) did not pay for the product and are therefore at an advantage.Whereas the people that have paid are already in the hole so to speak and have to recoup the cost before profits are even made.
psychologically this does make a big difference when trading.If the beta testers had paid would they still be giving the positive comments, who knows but it’s interesting to look at both arguments from the sidelines from someone that hasn’t bought the product because of doubts.
Anyway i hope people can at least regain their investment costs from the product which would be my first goal.
just my thoughts.
Good luck
Ian
Laurie
Happy New Year folks.
Some difficulties are arising about a 30 day guarantee as opposed to a 45 day guarantee. I too always prefer as much of a guarantee period as possible, so I understand the feeling. However, MRP is designed as a winning strategy over the long term, so an extra 15 days wouldn’t make that much difference in my opinion. It is supposed to be as safe and as conservative as possible and to give more profits than losses over the longer term.That is to me an attractive trading method. There will be losses in any given period and figures and statistics for a “snapshot” period can give an incorrect perception of the overall integrity of any product. It comes down to our own belief in the providers of the system and in the system itself. Through development it did well. With Mark’s testing it did well. With beta testing it went well. It hasn’t done as well for everyone since launch but that is only a short period, so not truly indicative of the longer term potential and indeed past performance. Discipline to take the minimum amount each day is what I have decided upon for the New Year and I’ve held off trading over the Christmas period. I have had absolutely superb support throughout from Mark and Martin. I could not have asked for more. I am absolutely confident of their integrity and am happy to continue with MRP as my core trading method. I wish everyone well with this. All the best, Laurie.
Roy P
Tim,
Well said.
I had become disinclined to use this platform.
I have found this system to be a breath of fresh air, and, in truth, my strike rate is close to 90%.
I admit to having not the slightest idea when to enter, or leave, a trade, so get in at the start of play, and out, with the suggested amount.
This may well turn to rats., in short order, but I have thoroughly enjoyed it, so far.
Roy.
Timothy Smith
Hi
I was one of the beta testers & my recommendations for this strategy stand. It is true I made more in October than recently. I put various trades on in one day which worked well. I was knocked back by a big loss but I didn’t follow my own rules of getting out when happy to do so but kept telling myself it would get better. I haven’t done much trading recently due to personal issues & then thought it best to wait until new year. I will start again by just doing one trade as John does until my account is healthier. There is always going to be periods of losses & Mark/Martin can’t be held responisible for these or expect them to know when this will happen. There is also a lot of aggression which is unpleasant. Has anyone just asked nicely for the 45 day period instead of demanding or making a fuss? I found Mark & Martin to be very accommodating during the trial & they always still get back to me if I have any queries. I appreciate that people get frustrated but I think it will take time for each individual to really feel out the strategy especially in these uncertain economic/financial climate where things can change. I am still learning on this & have to adapt.
I am sure all of us are here to make money & not to ruin anyone so it would be good to all share best practice.
Thanks
Tim
Roy P
For what it’s worth, Monday was bad news, and a loss—my own fault for trading, I guess.
Entered at Frankfurt, this morning, and out for 14—which is where I should stop.
Temptations.
Graham G
In answer to John,I have only traded for 3 weeks and I’m down £15. True that’s not a fortune. But my point is,there is no sign of a 88% hit rate there. I have noticed following your 8am trading start seemed to produce better results. However, then I hear people have put 3 or 4 trades successfully in one day. I really am not sure whether I should be looking to trade more than once during the day or not. I don’t want to be in position in 6 months time where I haven’t even got the cost of the system back.
John
Hi Graham,
Thanks for the response and you’ve touched on the reason behind my question. I was wondering if you traded several times a day and whether that gave different success rates. As you know I only place one trade a day and if profitable I take the profits and I don’t place another trade until the next day. While this means a lower number of trades my success rate is just over 80% and has meant I’m in profit over the few weeks I’ve traded (probably the same period as you).
I do think a more disciplined approach may work better with this system and look to grow profits slowly.
Graham G
Hi Julian,i know the period you are referring to on Mark’s sheets where he was obviously experimenting with the system. The period I am referring to is much more recent (26th Oct-29th Nov). During this period there was 10 winning trades in row making a nice profit of £114.32 only to be followed by 2 losing trades of minus £108.30. The result of 12 trading days was a reduced profit of around £6.Please check this out for yourself. Regards Graham.
Mark Rose
If you cherry pick sections of trades it’s easy to put either a positive or negative slant on the results depending on your point of view.
For example from the 8th of August to the 3rd of October there were 32 winning trades and only 2 losses, both of which were much smaller than the average winner.
The reality is you will have winning and losing periods so you also need to take the longer term averages into account.
Hopefully the fact that I’m happily sending my results out to members shows that we are not hiding anything and are completely above board and honest in what we are doing.
I have complete confidence in MRP and don’t see any reason why I shouldn’t continue to make profits from it in 2013 and beyond.
Regards,
Mark
julian
Hi Graham, i understand what you are saying regarding the losses, i too have seen marks trading results and too be fair the big losses shown were on trades that had run for over 3 weeks, i am sure this was when mark was testing out the strategy.
I only trade Ad-Hoc and do not have a problem with the strategy itself as it has been working for me.
Graham G
I am glad you are doing well Julian and hope it continues. but I have noticed a couple of bad days can wipe out profit for 5 or 6 days previous gains. I’ve seen this myself on Mark Rose’s own trading sheets. True a good profit was made over a longer period. The 88% hit rate can be misleading when you can lose so much of your gains on the negative days. I will stay with it for now,I’ve invested £300 in it anyway.
John
Hi Graham,
Would you mind me asking if you could tell me how much your average loss is. I’ve been using this sysytem since November with good sucess (I have a 83% succes rate at present). I have had losses but my average loss is approx £15 per £1 DAX stake, so my few losses haven’t affected my overall profitability. I would like to know your experience on the losses aspect to compare them to what I’ve seen.
Thanks.
julian
I would just like to make one thing clear and that is i am having success with the system, other than a couple of days at the end of last month i have had mainly winning days and my trading is in the black using MRP.
Roy P
Despite all the flak, my figures continue to be positive, even in this dodgy week.
I don’t expect to make a fortune, but the pleasure of stress-free trading, more than compensates.
Cannot predict, but so far, good news.
Roy.
Jeff
To Mark Rose:
Having just read your latest email, I wish to express my annoyance at your less-than-honest marketing tactics.
Just one month ago, when launching this product, you lured in buyers by stating in the sales letter that the 12 months free membership would only be available to the initial intake of 250. Anyone joining at a later date would only get 6 months free. Yet here you are making the same offer of 12 months free – plus every tenth purchaser will also get the product itself for free!
(Your email also mentions a 45-day guarantee – although the sales letter still says 30 days).
So thanks a lot mate – I’ll think twice before trusting you again.
Mark Rose
Having listened to what a lot of you on this site have said I took the decision that you were right and have increased the MRP trial period from 30 to 45 days going forward.
I hope that this is seen as a positive rather than a negative and proves that we do listen to you.
Also, as a bit of festive cheer we ran a Christmas special from boxing day until New Year with a chance to win your copy of MRP.
Christmas is never a great time to run promotions for trading systems and this was supposed to be a bit of fun over the festive period rather than some great marketing ploy, so it’s disappointing to see I’m now accused of under hand tactics!
Regards,
Mark
Graham G
Thanks Laurie, I think your comments are sound. I still think 30 days trial is a bit stingy. I also think this system would have been better launched in the New Year away from the strange trading conditions you seem to get at this time of the year. We are not all seasoned traders and had little knowledge of that. They have only just warned us today and I had to close two trades at loss rather than take them over a further day over this weekend. I don’t trust waiting over this weekend. One of the trades would have been in its 3rd day anyway. I was up £20 before these two trades became loses. Anyway Happy Christmas, I will see you in the New Year.
Laurie
Hi Graham
I’m not daunted but I understand how you feel. I had fantastic results with the demo account and during the run up to Christmas with my live account I haven’t been able to mirror the consistent wins I had previously. I’ve had a few swings back and forth but the set and forget seems to have been more of a problem re the hits I’ve taken. I clawed it all back and then took some more set and forget hits. The difference lately for me has been the time I’ve allocated to ad hoc trading due to Christmas extras. I’ve missed opportunities which were probably there and I wasn’t there at that particular time to take them. I have complete confidence in the system due to my trading account record during the beta testing process.That has convinced me. This strategy will be my core trading method and if I had to choose only one method out of all of the available ones on the market then this would be the one. I’ve taken a step back from it now until trading starts normally in the New Year. I think that will make the difference and put the account back into profit. On my demo account I still have an £800 or so profit using £1 and £2 stakes for virtually every trade.I’ve continued the demo trading alongside my live trading. I’m staying with it. Happy Christmas and all the best for the New Year – I hope it does well for all of us and I really feel that it will be good. Laurie.
Graham G
Ok I have been live trading for 3weeks now and have not made any lasting profit. I am going into the new year £15 down. I keep reading these logs where people have had 9 wins in row. Every time I am up then its taken out with losing trades. This should not keep happening on a supposed 88% win ratio quoted. I am stuck with this system now as the too short trial period is over. I hope next Year produces better results. I now have a total of £314 (due to cost of system) to make up. A daunting thought for the coming months.
Graham G
Yeah thanks Mark, I have checked some other peoples charts and they don’t show the drop. That’s Relief.
Mark Rose
Hi Graham,
It’s a glitch on the charts. The CAC didn’t drop to a low of 48.5 on the 30/4/12. I’ve had a quick look and the low was actually 3209.31. Definitely a down day but only 61.47 points compared to 3222.28!
Date Open High Low Close
30 Apr 2012 3,270.78 3,273.06 3,209.31 3,212.80
Regards,
Mark
Graham G
Mark. I’m not too worried about that guys demo account but could you through some light on a past trading week on ETX. Seems to be only on the french chart. Set chart weekly and check out week 29/04/2012 to 06/05/2012. CAC opens at 3258.5 but seems to dip to 48.5 and then returns up to close at 3156.5. That drop of over 3000 points on a live trading is a bit scary to say the least. No major dip on the DAX though makes it even stranger.
Mark Rose
Hi Martin,
It was a glitch on Capital’s demo account and not real price action. I took a quick look on Capital’s charts and they don’t show a spike, plus I had live trades open overnight on ETX that are fine.
Regards,
Mark
Martin Griffiths
Hi,
I am demo trading at the moment with Captial Spreads – I had 3 trades long on DAX last night – £1 stake per trade all showing a healthy profit. These trades were closed automatically by CS – each trade lost £1841.20, £1900.10 and £1899.80 respectively and the level at which the trades closed out was 5744.2!! Did the Dax really drop a couple of thousand points overnight and come back by morning or is this simply a foible of demo trading with Capital Spreads – this has freaked me out and trashed my demo account as you can imagine. Any response appreciated.
Martyn
Hi Martin
I too was demo trading using Capital Spreads and and had the same experience as you with the 3 x trades automatically closing out, I contacted capital Spreads and they stated this can sometimes happen on demo accounts and they refunded the amount lost back to the demo account
Its best that when you do go live that you do not put in any stop losses as any spike could cause the trade to execute – I believe this is stated on Page 14 of the manual
I propose to start live trading tonight using the set & forget strategy and feel positive that the system will be good in the long term
Julian
Trades are going well recently after a bit of a dip the week before last.
Would be interesting to know why trades need to be closed after two days, is this simply because of the rollover fees or is there another reason for this ??.
Mark Rose
Hi Julian,
Glad your trades are doing well and you are enjoying the MRP Strategy.
Because this is an open forum I’ve asked Martin to come back to you directly to answer your question.
All the best.
Mark
Mark Rose
That’s 11 Ad Hoc winners in a row for me now.
In fact since the 26th of June I’ve placed 105 trades of which 90 have won giving just shy of a 50% return on my pot.
Regards,
Mark
Roy P
Same routine, as yesterday.
Loving this.
Roy P
I cannot knock this system—0810 Hrs.—done and dusted.
Now the temptation, is to start again, so back to the book.
Graham
Roy
good to see you are making money, at what time did you place the trade which you closed at 08.10?
Roy P
Graham,
I put the trades on at the Frankfurt Open—-0702 GMT.
Just a habit from past trading—-although, for whatever reason, this only started to move in favour, after the UK open.
Many things I don’t understand.
Roy.
John
Just to add to this – I commented above (on the 11th) that I’m placing a trade at approx 5 minutes after the London open at just after 8am. I’m showing a good success rate so far.
I’m only placing one trade at day and monitor every 2/3 hours. If showing in a losing position I will leave up to two days max. So far however most trades are in profit the same day and only a few have gone over to the following day.
nigel
I am slowly recovering the live account, which is still about £90 down based on £2 dac ratio.
However, my demo trading account with Cap Spread, (trading £20/40 as an experiment ) was stopped out at minus £1600.!!
So I must say with regret I’m out.!
Mark Rose
Hi Nigel,
Sorry to hear your not sticking with it, I really believe in this strategy and have been making headway over the course of the trial albeit at a slower rate than I am used to.
A couple of comments re the demo account – £20/£40 is too high a risk for a £10k account. Martin would recommend approx £7/£14 and even I wouldn’t go much above £10/20.
When placing the trades on the demo account did you move the stop losses out as per Martin’s instructions? I have never had a trade close that has gone to the stop and Martin never got one in the 20+ years of back testing he did.
If your stop was hit I think this was most likely caused but not moving the automatic stops that Capital put on all trades out to the levels which Martin recommends in the manual?
I’m also assuming the other trade was in positive territory at the time and countered the loss to some degree?
Kind regards,
Mark
Timothy Smith
Hi
Mark is right – when I was testing the system in October Caital Spreads twice closed me out but it was down to me not having a stop loss in place. It closed the losing trade but left the positive one open. If it hadn’t it would have pulled most of it back. ETX doesn’t seem to do this as I have not yet traded with a stop loss in place although after the big loss I took the other week I am going to establish limits & stickto these as it is much more productive.
julian
I to did go through a sticky patch last week losing half of the profits i had made since the 21st november but this week i have had all winners.
I am trading £4 Dax and £8.30 Cac but only taking small profits, Monday i took £33.30, Tuesday £24.40 and today £68.40.
I am able to monitor the prices at all times which is an advantage.
Roy P
Thanks, Mark.
The system is addictive–to me at least–and I am in for the long haul. I don’t fully understand it, and will remain in demo. beyond the trial.
No doubt, a light will suddenly appear, and off to the races.
Roy.
Mark Rose
I thought I’d run through my Ad Hoc trades for this week as I think it highlights that sometimes we need to allow the trades some time to play out.
I opened a trade Monday morning which went negative and stayed like that until today.
On Tuesday I opened a second trade which I managed to close at the normal profit target later that morning.
This morning (Wednesday) I was still a bit behind on my Monday trade but it had pulled back in my favour. I opened another new trade and managed to bag my normal profit.
Since then my Monday trade has finally gone into profit and I have closed it albeit at about half the normal profit target.
So all in all this week has been pretty good for me with 3 winning trades to date and no losers. Obviously it would have been great if Monday’s trade hadn’t gone negative (like Tuesday and Wednesday) and hadn’t needed 2 days to creep back into positive territory, but it is the fact that on the majority of occasions this is what happens that I think is so clever about Martin’s system.
It feels great when the profits come in nice and quickly but sometimes we have to wait for our chance to close at a profit.
Regards,
Mark
Timothy Smith
Thanks for reply (& sorry I called you Jon not John). I think I just had the stuffing knocked out of me due to a few consecutive losses which I hadn’t been used to during the trial. My trade this morning is pulling back so will be interesting to see what does happen. Happy trading your end!
Timothy Smith
Hi Jon,
you said that you place your trade just after 8am – is that before 8.15? I have placed trades at 9.30 at present I have lost 3 trades one very heavy & the other I am currently sitting on but I don’t think it will get in credit by tomorrow. Set & Forget hasn’t been kind to me at all
John
I’m placing my trades at approx 8.05am, give or take a minute or two. None have been after 8:15am.
I monitor throughout the day, not constantly but every two or three hours and if I see a reasonable profit I take it. If I’m showing a loss I just leave it. The trades that were in a losing position have tended to come good the next day and as I mentioned even if I have a trade from the day before still open, I will take a new trade on and these have so far all been in the same direction which gives me more confidence to leave the ‘old’ trade running.
As I mentioned I am only taking one trade a day at present.
Graham Kendall
Hi All
Today I am sat on a hefty loss from yesterday, my bet was £2 DAX (buy) and £4.20 CAC (sell) as per the ISI advised, currently showing a loss of £55.62 @ 14:15 11/12/12. If I had bet Dax £2 and CAC £2 then I would be showing a profit of 65.60. I just don’t get it! my hedge based on the ISI advised, and the staking plan of roughly 2 to 1 is costing me money, how can that be correct??
Mark Rose
Hi Graham,
On average for every point the CAC moves the DAX moves 2 so if you matched the stakes you would be risking twice as much on the DAX trade as you would the CAC. This is fantastic if your trade is winning but would double the loss if the trade was going against you and completely removes the concept of being hedged.
Regards,
Mark
Laurie
The good news is that the black box has worked rather well so far 🙂 Hopefully that will continue to be the case.
Jeff
To those who are offering ‘wise’ advice about not trading when conditions are unusual, my question is:
How on earth do you know or decide that conditions are not right for trading THIS STRATEGY?? The premise of this strategy is that we do not need to concern ourselves with fundamentals, but if we do nevertheless look at them, how would what the Dow is doing (for example) be related to the relative strength of the DAX and CAC?
The only pointers that we have are the two ISIs, and unfortunately they are a ‘black box’ whose inner logic must remain a mystery to us!
John
Thought I would add my comments and also share my results.
I received the book and read it a couple of times and then took my first trade on the 26 November. I’ve got into a pattern where I place the a trade (or a pair to be accurate) at just after 8 am each morning. I am only placing one trade a day. If I see a reasonable profit during the day I take it, but if showing in a loss position I leave the trade running up to a maximum of two days. Even if I have a trade showing a loss then I still take a new trade the next day. I’ve not had more than two pair of trades open at any one time, and I look at them at around 2/3 hourly intervals.
I’ve now had 10 trades of which 9 have been profitable. I’m trading with real money on a live trading account using £2 stakes on the DAX. The 9 profitable trades total £342.04 and the losing trade was £46.29. So my overall profit for the 10 trades is £295.75 (so average profit of approx £29 per trade or to put it another way approx £15 profit per £1 DAX stake).
Just a few observations, trades can go into a loss position. I had one showing over £150 down at one point. But my advice would to not panic and if the indicators are favourable leave the trade to run and don’t be afraid of taking a new trade the next day. It seems scary to take a trade in the same direction as what appears to be a losing trade but my experience is that these tend to come good if left.
I know it is early days and ten trades is not enough to say how this will perform long term. However I’m nicely in profit, I’m finding the system easy to use and I do have to say that my view is that this looks to be a promising system.
Lewis
Hi John,
Was your losing trade an exit before weekend close? Thanks for your comments as I’m going live very soon.
John
My losing trade was opened on the 29 November which I closed the next day.
Graham Kendall
Thanks Lewis – understood
Graham
Graham Kendall
Hi all.
A question if I may, are we always looking to trade DAX (Buy) and CAC (Sell) if the ISI shows this, in my mind DAX being the lead and CAC the tracker (for want of a better description). I only trade Ad Hoc. as I can keep an eye on the trades. Have there been instances where we Buy CAC and Sell DAX ?
Thanks in advance
Graham
Lewis
The ISI often signals buy CAC and Sell Dax. It’s been the other way round for the past few days.
Alex Cohen
As one of the original and successful beta testers, I too have noticed the different environment concerning the factors affecting the relationship between the relevant indices.
My resolve is unchanged as the 17 profitable trades in a row has given me the belief that the technical factors will and must get back to normal soon – as that is how the markets work unless strong fundamentals take over as over the last week.
I now also like everyone else made a few small losses and then I stopped trading and am now sitting on the sidelines waiting for “things” to get back to “normal” as the Dow Jones is also very restricted as they wait for the “fiscal cliff” meeting to be resolved and that is also affecting all the countries indices. My advice is to keep demo trading and using very small stakes in real trading or simply not trade at all and let the market find its feet which it will and always has and always will do.
I totally believe in the ISI signals and know that in the big picture they will prove the winner.
A great trader knows when NOT to trade.
Alex
Roy P
Alex.
Good advice—pretty much addicted to this, and appreciate your comments.
When I don’t trade, I will know I’ve arrived, so to speak; but you are correct. Fortunately, the demo. account allows some foolishness, and worth doing a bit of digging.
Roy.
Lewis
I’m going live next week with small stakes and trading mostly ad hoc.I’ve also found on most occasions that when a trade goes wrong, it often comes back to lessen the loss. I’m happier watching and snapping up a few profits when the good days arrive. So far, as a newbie this ‘hedged’ type trading suits me well.
Roy P
I am now plus 50, on the day—so b/e from yesterday.
If I could understand the system, and when to put in a stop–or not–then very good news. But I don’t.
Not sure whether another week of trial, will prove anything, but when it works–bingo. Going live could be a white knuckle ride.
Mark Rose
Hi Roy,
85% of my Ad Hoc trades have won so most of the time it’s not a white knuckle ride. Some do go against me for a bit and pull back, but I know now that if I just wait they usually come back in my favour. Monday’s trade being a good point in case. Of course not all of them do, but 85% is a very good winning trade ratio.
Regards,
Mark
Roy P
Mark,
Thanks. I take your point.
My concern, is that £40- adrift, on the smallest stakes, is worrying. Certainly, this has been recovered today, and more, and on a demo. makes interesting viewing. Perhaps I am not looking at this correctly, but I cannot see how a stop loss could be employed, with this system–it simply would not work.
A good introduction, to a fascinating system, and perhaps this week has been unusual.
Lewis
11.30 a.m. and just took second ad hoc profit of £15 for £1DAX and £2 CAC. What a difference a day makes!
Roy P
Down 40, yesterday–up 35 today—-confused.com
Lewis
Just a quick update! One hour on and I took over £13.00 on the ad hoc at £1Dax and £2 Cac. Things seem back to normal today. I may try another ad hoc later. It would be interesting to see how others get on today.
Lewis
Yesterday afternoon ,I saw a first profit window of £17.00 and failed to take it thinking it would improve. Not so! This morning,it was a bit more favourable so I took a small S&F profit.I’m now putting on an ad hoc hoping for another bite.
Darryl
Also, what is the longest loosing run on the Set and Forget strategy that anyone has had and what points do they total? And the same for the longest winning run? I’m trying to work out whether to use level stake trades or an increasing / decreasing percentage of my bank.
Darryl
I closed out my first trade last night on the Set and Forget strategy exactly 48 hrs after I opened it for a 44.5 point loss. (I followed the rules to the letter) – Luckily, it was in demo mode. Is this loss exceptional or the rule ? Anyone made a bigger loss on a S&F trade ?
Darryl
48 point profit today on the S&F …. so cancels out yesterday’s loss … here we go folks, hold on TIGHT !
Simon
Hi Tim, same here I m afraid, the both Indices hit all time highs overnight and although the Dax looks the stronger index it seems to really lag on fast market moves. There were time when I could get out flat but the window was tiny. Even as I look now the CAC is some 15pips stronger after hours. Lets hope the markets calm down and we can get back on track.
Simon C
Hi Tim, don’t worry it’s not just you, each time I buy DAX sell CAC, I hope that they come back into line, but nope the CAC powers on. I presume that the ISI will keep on telling us to go long DAX as long as the CAC goes up. Just seen the DOW power up.
Kevin
Bad 2 days (Tuesday and Wednesday) strength of CAC has done us no favours!
Timothy Smith
I took a hefty loss over weekend, however, I have not lost faith in the strategy. Got 5 positive trades today so over all success rate is great – I have just learned an expensive lesson that I need to have in ind what I am prepared to lose should things go wrong even if they are few and far between.
Roy P
What can I say?—-knee deep, in pips. A gloomy morning, transformed.
Simon Tasker
Hi Martin
Have just started traded with live account – stakes of 50p on Dax and 100p on CAC. So far hade 3 profit days and 1 loss. The profit days returned £15 with the loss at £20 so still £5 in loss. Should I have let the loss run as far as it did bearing in mind there was no stop loss or do I just accept that a single loss will usually be considerably greater than a sigle day’s profit.
Thanks
Simon
Mark Rose
Hi Simon,
Mark here.
Following Martin’s rules we can keep and ad hoc trade open for 2 lots of financing charges. So if opened at 10am on Monday we can hold the position until just before the roll on Wenesday. Depending on the spreadbet platform you use this might be 4.30pm or after 9.30pm
So closing the trade would either be at a profit or 5 minutes or so before getting hit with the next round of financing charges. Over and above that you can choose to come out of a unsuccessful trade at any point if you have hit your own personal risk limit.
Hope that helps. If you need any more clarification you can email Martin directly.
Regards,
Mark
Colin Steele-Perkins
Maybe having a quick look at dailyfx.com will give some very good indications of what and when things are going to happen in the Euro markets. They say the markets react to any news ( high ) and it could go either up or down.
But this sysytem does not seem to take into account the importance of High News items in Europe.
Jeff
Hi Mark
I agree with your reply to Graham above. I personally intend to spend the entire trial (and probably longer) in demo and would advise others against jumping in with real money after just a few days.
However I would like to join WITH Graham in requesting an extension of the trial period. I do feel that 30 days is insufficient to reach a point of confidence in a trading system – especially one as unusual as this. And all the more so with the experience of the last couple of days. Not to mention that the trial period coincides with the run-up to Christmas with all its distractions!
Roy P
Mark,
Done just that, and motoring nicely.
Thanks.
Graham Kendall
Hi all
Looking at this from newbie prospective, my worry is that taking a profit of around £10.00 per trade and trading just once a day while learning this, means we will need around 35 winning trades (90% of trades placed) to make £300.00 (+/-) which is needed to pay for the MRP Stragety . I firmly believe in a product paying for it’s self during the trial period otherwise why trial something you cannot be sure will work as expected? Will you consider extending the trial period?
I am aware of the 12 months access to the members site, but if this is proven to not work as I the buyer would like then that is irrelevant.
Sorry to sound a bit ‘off’ here but my money is hard earned and I don’t give it away lightly.
Regards Graham
Mark Rose
Hi Graham, Thanks for your comments – I’m always keen to listen to traders feedback and suggestions. I have to say that I disagree with your principle of paying for a system in your trial period. I’d much rather see traders use their trial to demo trade, get a feel for the strategy, and decide on whether they feel the system has the profit potential they need. I’m also concerned by the idea of setting a £300 goal with a small trading fund – with all trading strategies, I’d advise setting your earnings goal based on how big your trading fund is and how large you can afford to stake. If you have a large fund, and can afford to trade £10/£20 per point, then that’s reasonable. But many people don’t have that kind of money to play with. I strongly advise traders to start out demo trading, and then to move onto live trading with small stakes, while they build their confidence and their funds.
Kevin
Hi, whilst I can see the benefits of the link between CAC and DAX which reduces need for stop loss, current strength of CAC against DAX has limited scope for any profit Wednesday and (so far) today (Thursday). Undoubtedly links to external events (Greece bailout maybe which reduces French exposure to potential potential default) are having an effect on the relationship between the 2 indices. Martin’s indicator cannot take this into consideration. However all investors need to be aware of the effect such events would have on markets and therefore (as usual) tread carefully. Maybe Martin should reflect on this and report these against the trends his indicators are reporting?
Simon C
Following on from Kevin’s comments, the resent CAC strength has been very very painful. I would like to understand how the ISI is still indicating buy DAX sell CAC, but I understand Mark’s reply.
Mark Rose
Hi Kevin, I think it’s very difficult for anyone to anticipate how the markets will react to pieces of news in general (and those to do with Greek and Spanish bailouts in particular). That’s exactly why I believe Martin’s hedged approach offers the best solution against this unpredictability. I’ll ask Martin to respond to you directly, as I know that he’s got his head down and isn’t active in the forums. Mark
Laurie
Having been a beta tester I have been delighted with the results. I’ve continued trading my demo account in the same way since completing the beta testing. I made £500 + during the testing period and have now increased it to £800. I am now live trading and taking it steadily, and being as careful as possible. I haven’t increased the stakes as yet and shall wait until a buffer has been built up with profitable trades. I understand why folks would like to work out the parameters for themselves but as it stands it’s not an option. I suppose it’s better to have it arranged this way than not have the system available at all 🙂 The end result currently, is a consistently profitable way of trading…:)
Colin Steele-Perkins
First trade ever with this system. Opened on 27th Nov. at 7pm Buy Dax Sell Cac.
Apart from first thing on Wednesday morning it was showing a small profit. Decided to leave it all day but went downhill and into the evening had to Roll it over for Thursday hoping to see if things had reversed in my favour. Will see in the morning( Thursday )
Timothy Smith
The MRP is definately a strategy worth trying. I have been using it now for over a month & have approximately a 95% success rate now. I haven’t used one single stop loss up to date either. Truly a different way of trading but most surely one that is less stressful & positive. Would recommend anyone give it a try from expert traders to absolute novices – the Dummies Guide series would be proud of just how simple but effective this is!
Jeffrey
Early days after starting with MRP but it’s looking good. My only concern so far is that if this success continues I (and others I’m sure) will use it as a core part of their trading. If Martin falls under a bus (why is it always a bus?) this core disappears. Same problem if Martin decides to renounce filthy lucre and becomes a monk. Perhaps Martin and Mark can give some consideration to ensuring continuity of availability of the strength indicator. For instance, available as now to members, but if a decision is taken to make it unavailable the formula should be (a) sold at a reasonable cost to members only, or (b) sold to members as a piece of software with protected code.
Mark Rose
Hi Jeffrey,
Don’t worry I’ve banned Martin from taking holidays or getting ill, but if he does we can step in and update the members area. Our plan is to maintain the members page for as long as we have clients using it.
Regards,
Mark
Tina
Hi Mark,
Thanks for the information, I will be going live with ETX from next week I will keep everyone informed of my progress. Tina
Tina
Hi, I have been demo trading so far and only have had profitable trades.
Has anyone had a loss? I would just like an idea of the amount you can loose on a loosing trade. Tina
Mark Rose
Hi Tina,
I’ve had 7 gross losing trades (there will be 3 or 4 more that I got out of at break even, but if you take the financing charges into account will have lost a couple of pounds) since the 26th June. (92 trades now I think). Based on a £1/£2 stake the average gross loss has been £27.04.
Regards,
Mark
Garry Jones
Hi Mark,
Have received Martin’s MRP manual on my return from Lisbon. Thank you for that. Three days demo results here have delivered returns at least as good as those of your beta testers. Early days, but even if the returns were a third as good, to achieve them without exercising judgement on price action and optimum stop-loss level is liberating, rewarding and satisfying. With no need for chart analysis I can view the daily ISI report and manage trades on the hoof using my S3 mobile. I expect to add a credit balance to my new ETX account in the next week or so, and to replicate my demo results there soon after. Overall, this seems a perfect nexus of technology and premium data, as provided by the MRP Strategy, to offer life changing returns. Garry
Lewis
Hi Keith,
I was a newbie trader and beta tester and have had great results so far
with MRP. Could you please explain Bollinger bands as that sounds interesting? I’ll be live trading next week via ETX.
Robin Gould
With one half of a trade showing a healthy gain and the other half showing and almost equal loss, I decided to experiment by unlinking the loosing side to allow the winning side to rack up more gain. This proved to be a big mistake, as it took a whole day for the plus side to resume its previous momentum. With the two sides working in tandem, they need to stay linked until the ISI indicators say otherwise.
Keith Arnold
Hi Mark,
I just sent this to Martin :-
“I’ve been paper trading MRP now on the set and forget basis for six days. Results so far :-
Days 1 and 2 waiting
Day 3 +18
Day 4 +24
Day 5 +36
Day 6 +66
Total +144
Two trades still open.
I soon realised that I prefer ad hoc and started yesterday trading with real money. Results so far :-
Day 1 +82 from 5 trades.
Needless to say I am absolutely delighted !
I have found that if I have the two one minute charts up (with Bollinger bands) when opening and closing the trades, I can stagger them to add 5/10 pips to the result.”
I forgot to say that those were net results after spreads and roll over charges.
Early days of course, but looking good 🙂
Cheers Keith.
Garry
Hi Keith,
Your use of Bollinger Bands to refine entry or exit looks interesting. Similarly, I’ve just entered a trade following this evening’s ISI report (Thursday 29/11/12), having regard to the overbought (>70) level RSI on CAC and mid range (55) level RSI on DAX. That is, the RSI levels for CAC and DAX respectively supported the ISI Buy DAX Sell CAC recommendation at the time of trade entry. I’d be interested in yours and others views or experience of these mods to the basic MRP Strategy. Garry
Mark Rose
It’s really interesting to see how the system gets adapted.
Are you staggering the entry or the exit or both? Obviously this will mean the trades are not hedged for a time, which will increase the risk a bit.
Mark Gilman
Hi All
I dont know if this has been covered but you can use a £10k demo account with Capital Speads. I used the S & F two days ago and again yesterday using 10 & 20 stakes. When I checked this morning it was up over £900. I will be closing the first trade today. What a pity this not my money.
Just for information Capital Spreads charge rollover fees at 23:30.
Mark Rose
Interesting point about the rolling times. If you use http://www.etxcapital.co.uk/mrp they roll at 4.30pm. This gives you a chance to place a trade between 6.30pm (when the ISI comes out) and 9pm when the CAC shuts and saves a financing charge.
ross
Hi Mark,
This interests me as it is different and small steady profits would run very nicely alongside my main trading.My only concern is the limited time it has been tested.As we know systems can lose effectiveness over time as market conditions change.Whats your thoughts on this ?
Mark Rose
Hi Ross,
My results go back to the 26th of June, Martin has back tested 21 years of data and the beta testers have had it for 6 weeks. You can also test it in a demo account for 4 weeks.
Of course there can never be any guarantees, but I feel the strategy is robust and should stand the test of time.
Regards,
Mark
Richard
Hi Mark, Re MRP stratagy, now 4.00 pm 15/11/12, no Email info received on MRP, believe I am on the prority list ?
Mark Rose
Thank you to everyone who’s got in touch to tell me about the email going astray today. This has now been resent, so if you were on the priority list you should have all the details now. Any problems, please drop me a line at support@tradersbulletin.co.uk
Richard Rule
Please place me on the MRP priority list – if I’m not already on it.
I’m unclear how to apply other than in this comment box!
Richard
Mark Rose
Hi Richard, I’ve now sent this out to you. We’ve had terrible problems today with people not getting this email – I’m trying to resolve the issue, but if anyone else hasn’t had it, please contact me. Mark
Ian
hi Mark thanks for the reply so without martin’s indicator we cannot trade without this info and are therefore relying on him at all times as without this info we cannot trade the strategy. Is this correct?
Ian
Mark Rose
Hi Ian,
The idea behind posting the ISI’s on a members webpage is to save you time and money. Martin, myself or any other member of the team are able to do this so there will be no problems with continuity and it will enable you to spend just a few minute each day setting up your trades.
Regards,
Mark
Ian
Hi Mark, we all know what the win rate is but i’m more concerned about the profits of the method. You can have a high win ratio and yet still lose money so i would like to know how much you lose when you have a losing trade in comparison to the wins you have. regards
Ian
Mark Rose
Hi Ian, It’s a fair point. Because this strategy doesn’t use profit targets and stop losses in the traditional way, there’s no easy answer along the lines of winners make X, losers make Y. However, we’ve placed 90 live trades, 81 of which have been winners. The average loss is just over twice the size as the average win. I hope that helps. Regards, Mark
PR
Hi Mark,
I haven’t received an email about the launch and have been on the priority list?
Regards
PR
Mark Rose
Hi PR, Have just resent the email to you now. Hope it arrives okay. Mark
Cliff
Hi Mark,
I too am on the priority list but didn’t receive anything this morning. Could you send me the email?
And just to echo what Ian said, what is this ‘idex strength indicator’ and do we calculate this ourselves or do we rely on someone else?
Thanks,
Cliff
Mark Rose
Hi Cliff, I’ve emailed you directly about the launch (something’s gone awry with our email system this morning, which is dreadful timing). Apologies to anyone who hasn’t received their email – please contact me directly and I’ll make sure it gets to you.
In response to your and Ian’s question, the Index Strength Indicator is Martin’s indicator, which will be posted on the members website each day.
Regards, Mark
Garry Jones
Hi Mark,
I too have not yet received your MRP Launch email. Have also emailed you about 30 mins ago.
Garry
Mark Rose
Hi Garry, Have just emailed you directly. Mark
Garry Jones
Thanks Mark, now received.
Garry
Ian
Hi Mark, i don’t understand what the index strength indicator is. is this disclosed because if this is a system don’t we need itotherwise we are always relying on someone else for the info and will never be independant.
regards
Ian
Julian
Hi mark,
I have not received an email this morning ??, I thought this was being released this morning ???
I have been on the priority list from the very start ???
Regards
Julian
Mark Rose
I’m sending it directly to you now Julian.
KD
Looking forward to trialling your new strategy. It sounds imprressive & its good to be dealing with a genuine person.
Mark Rose
Hi KD, I’m really excited about this one too. It’s such a unique system. Again, if you didn’t catch my email this morning, PLEASE drop me a line. The priority list launch has gone out, and the orders are pouring in. Mark
ian
i am interested to find out more about this
Mark Rose
Hi Ian, I notice that you’re on the priority list, so you should have received my email about MRP this morning. If you didn’t get it, please drop me a line. Mark
Delesh Jeyadevan
Hello I am interested and the cost of the strategy
Mark Rose
Hi, this has just been launched exclusively to our priority list today. If there are any places left on the trial, it’ll go on general release very soon. As long as you’re on the Trader’s Bulletin mailing list, you should be kept up to date.
Julian
Hi Mark,
Can you tell me what the likely price will be for the MRP strategy ?.
Julian
Mark,
Do you have any idea yet as to when the beta testing will finish ?.
Julian
Hi Mark,
Are you still personally trading MRP strategy ?, Would it be possible if you still are to see your trading results thus far since your last video which was a few weeks ago ?.
Simon C
Hi Mark
If I could second Julians request, since you upped your account to 10k, how have you faired?
Mark Rose
Yes, I’m planning to do another video at the end of the beta-test trial, showing where I’ve got to and how the testers did. With my my own account, I’ve been fiddling with the stakes, adjusting them to a level that I’m happy with, so I want to be able to demonstrate the results with even staking, too. However, crucially, over the period, I’ve had 13 winners and 3 losers. I’d normally expect to get more than 16 trades in a month, which has made it a little slow, but I’ll keep you updated on my progress.
Sceptical Old Git
Has any tester NOT had success with this?
Mark Rose
There have definitely been some losing trades along the way … we’ve had testers getting carried away and over-upping their stakes, then having one loss wipe out all their hard work … we’ve had issues with spread-bet accounts … and testers going off-piste (some successfully, some not!) … and a slow week last week (thanks to Wall St closures), with fewer trades than usual … it’s all the stuff that I want to get ironed out at the test stage. On the whole, however, the feedback has been overwhelmingly positive.
alex
It would appear from all the excitement, and it is intriguing, but the impression I get is that the system cannot fail. My interpretation is that it is a correlation system, in which case your position could get a lot worse before it gets better? But would love to give it a go !!
Mark Rose
Hi Alex, Yes, the excitement is definitely building on this! The system uses a clever indicator to help you gauge which way the correlation is expected to change, and as the trades are hedged, there shouldn’t be any nasty surprises.
Julian
Hi Mark,
I hope so , It seems like a very good product, it would be a great shame to saturate the market by passing this on to other publishing companies at a later date.
Regards
Julian.