How do I verify your performance?

We began our signal service during January of 2008. Every trade has been recorded and time stamped for 2008 in the forums, which can be viewed once your a member. As of 2009 we are posting monthly statements from FXCM. We do not have statements from 2008 as our managed accounts do not perfectly match our signal service as we are more active with the managed accounts. In order to become NFA compliant we can only post statements which perfectly match our performance from the signal service.

Which broker prices or charts do you use as reference for your prices?

We used IBFX until 7/10/2008 and we currently use FXCM. We use FXCM due to the fact we are doing everything to become compliant with the National Futures Association and we also felt their spreads were about average for a retail brokerage. In the managed accounts we are more active and will take more trades and manage positions differently at times. Therefore, we opened a micro account with FXCM where we take the exact same trades and manage the positions the same as with the signal service.

How can your subscription be cancelled?

Simply login into your paypal account and cancel

What is the maximum number of trades you will have open at any given time?

We usually only have on one open position. If we have on more than one open position and feel trades are highly correlated we may cut back on our trade size.

What is the average time a trade is open?

This depends on market volatility as some trades will only be open for a few hours. I would say the average time is between 6-24 hours.

What risk management do you suggest?

We tell people to never trade more than a .3 standard lot per 10,000 USD in account balance per trade that we give out. We personally usually trade a .1 - .15 lot on our managed accounts.

Do you use limit orders or market orders?

We tend to prefer market orders for our entries. If we have a setup we like where we will not be around or will possibly miss because we are sleeping, we will use a limit order.

How are your signals derived?

Our signals are derived using proprietary quantitative analysis that finds fair value through asset pricing models using advanced statistical and financial modeling concepts

What is your average stop loss and take profit?

This depends in large part due to the volatility of the market. Roughly, our stops range from 30-100 pips and take profits range from 50-300 pips. We will piece out of positions, and a lot of this is determined on market action. I would say the ratio of reward vs. risk is about 2.5:1. EX) Risk 50 to Profit 125 pips.

Do you always define an entry, take profit, and stop loss?

Yes, every trade we give the entry, take profit and stop loss.

What does a signal look like?

Market Order: Long GBPUSD@1.4055 Take Profit: 1.4210 Stop Loss: 1.3995 Move Stop Loss to Break Even @ 1.4090

Do you offer a trial service?

We offer a month trial for only $49. What we offer to anyone will be the same thing we offer everyone.

What pairs do you trade?

We mainly trade:
GBPUSD
EURUSD
USDJPY
USDCHF
USDCAD
AUDUSD
NZDUSD
GBPJPY
EURCAD.

We will trade other pairs, but historically this is where our focus has been.

How often do you take trades?

We don't determine when we take a trade, the market determines it. Some months may be slower than other but on average I would say we take between 2-5 trades per week. It doesn't take a lot of trades to make money. Our purpose isn't to trade, it's to make money.

How do I receive the signals?

Signals are sent via cellphone text alert, instant messenger (currently aol and msn), email and posted in the forums.

What time are the signals sent?

Signals are sent generally between 8:00 a.m. EST (New York) and 11:00 p.m. EST (New York). We trade Sunday evening through Friday Morning. Generally we tend to do very little other than update any open positions on Sunday or Friday. Again, these are the standard times, increased volatility and certain news can result in trades out of these time frames.