Posted 1 year ago
0 Likes 0 Dislikes
Hi Trade Tiger, last year i traded the system (as taught, with perhaps a few miss steps on entries) across 10 markets and broke even on a demo account. But I found that finance charges on open positions, particularly on WTI, played a bigger role than suggested in the training.
However on that experience I plan to try again as I have some more time in the coming months but with a few tweaks that I feel would have pushed that break even into a slight profit and hopefully refine again from their to achieve double digit returns, otherwise it just is not worth the time unless your starting position is £250K plus. My impression is that if traded as taught the system is designed to break even perhaps a little better but with lots of entries and exits which of course generates revenue for the Broker, giving you just enough encouragement to keep going.
The first time I did the training my account manager told me he was up for the year about 47%, I forget on how many markets... I should have asked for a trading statement for transparency and that would also given me an idea of a diversified portfolio.
Do you know of anyone trading the UTP to the minimum 20% return suggested on the marketing material?