FTSE 100 Club Review

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  • #357
    ReviewTeam
    ReviewTeam
    Keymaster

    FTSE 100 Club Review

    Click below to visit the website

    Key Info

    Publisher:  None specified
    Cost:  £40 per month – 1st month £20 with 30 day Money Back Guarantee
    Review Date:  April – May 2011

    What It Says On The Website

    Although titled the FTSE 100 Club this service actually promotes itself as “A truly unique concept in trading the FTSE 100 & Forex Currency Markets”.

    The team behind the service have “over 124 years worth of experience trading (the) FTSE 100 & Forex” and their “analysts are among the finest traders in the world”. Founded in June 2005 by father and son to offer “an honest and genuine service” the club is now made up of “4 chosen analysts who continuously monitor market activity both from a fundamental and technical viewpoint”. Each year since inception the club has shown a profit and claims to have delivered a return of 5,896 PIPs/points in the past 2 years.

    When you receive an alert “all you need to do is place this bet on your trading account”. An additional alert is sent to advise when to close a trade. If you use, for example IG Index (preferred broker), “you can place the trades on your phone no matter where you are”.

    No experience is necessary – When you join you will “have your very own dedicated FTSE 100 Club Rep to help you every step of the way” and “24/7 experienced email support”, making the service “available for everyone regardless of trading knowledge and experience”.

    A license for the “Automated Forex trading software FPD Project 1” is also provided which “has yielded in excess of 21,000 PIPs since January 2007”. We have not had access to this offering and thus we have not reviewed it.

    The Service

    We had access to the FTSE 100 Club during April and May this year. There are indeed two different services, one for the FTSE and one for Forex.

    FTSE

    The FTSE service is delivered via SMS to UK mobile numbers only – No Email option is provided.

    Signals are delivered between 08:30 and 19:30 (in our experience). The Entry signal simply instructs Buy or Sell the FTSE at 9999 Stop Loss 9999. This is an instruction to Buy/Sell at the current market price, the price in the signal being the price the FTSE 100 Club entered at. Targets are left “open”. Exits are also simple, Close FTSE at 9999, again this is an instruction to close the open trade at the current market price and, again, the price is the price the FTSE 100 Club exited at. As with most services we sometimes got a better Entry/Exit, sometimes worse, more so the latter. This affected our performance versus the reported performance but not significantly.

    Forex

    The Forex service was quite different to the FTSE service in that it used to be delivered via Email only and no SMS option was provided. Towards the end of May this was changed to be in line with the FTSE service – Both are now delivered to UK mobile numbers only, no Email delivery.

    Signals are delivered between 08:00 and 21:00 (in our experience). Similar to the FTSE service the Entry signal simply instructs Buy or Sell Currency pair at 9999 – Stop Loss 9999.

    Again, this is an instruction to Buy/Sell at the current market price, the price in the signal being the price the FTSE 100 Club entered at. Again, Targets are “open” and Exits are similar to the FTSE service – An instruction to close at the current market price is issued and the price in the signal is simply the price the FTSE 100 Club exited at. Suffice to say, we experienced slightly different prices on occasion and again performance was little affected, compared to the reported performance.

    Can It Work

    During April and May we experienced the following results:

    FTSE

    • Signal Timing = 08:30 – 19:30 UK Time
    • Risk Per Trade = 2.00%
    • Number Of Trades / Winners / Losers = 13 / +9 / -4
    • Percentage Of Profitable Trades = 69%
    • Average Winning / Losing Trade = +1.67% / -2.00%
    • Profit Factor (Gross Profit / Gross Loss) = 1.87
    • Largest Drawdown = -4.00%
    • Average Per Month Return = +3.34% versus a reported +3.50%

    Forex

    • Signal Timing = 08:00 – 21:00 UK Time
    • Risk Per Trade = 2.00%
    • Number Of Trades / Winners / Losers = 26 / +17 / -9
    • Percentage Of Profitable Trades = 65%
    • Average Winning / Losing Trade = +1.86% / -2.00%
    • Profit Factor (Gross Profit / Gross Loss) = 1.75
    • Largest Drawdown = -6.00%
    • Average Per Month Return = +6.47% versus a reported +6.80%

    The above means we experienced a combined average monthly return of +9.81% during the 2 months we have had access to the FTSE 100 Club (based on 2% risk per trade on each service). This is versus a reported (on the website) combined +10.30% average monthly return over the same period.

    This is an impressive performance indeed albeit over a short period of time and our results were pretty much in-line with those reported on the website. With this in mind we extended our sums to cover the most recent 24 months applying the same criteria. Applying the average Stop loss we experienced the average return for the FTSE service has been 4%+ per month and for the Forex service, 6%+ per month (in line with the combined 10%+ per month we experienced). Of course we have to bear in mind the assumptions here; the average Stop loss we experienced is a reasonable measurement and that all of the historic performance as reported, was achievable.

    It is also prudent at this point that we examine the drawdown periods reported on the website. It is obvious that February – May 2010 was the worst performing period for the FTSE service, -613 Points (-182, -231, -101 & -99). The worst period for the Forex service being around the same period, March – April 2010, -967 PIPs (-130 & -837). Applying the same maths as previously it means a drawdown of -16% and -18% for the FTSE and the Forex service respectively. Average returns would require a 4 month recovery period for the FTSE service and 3 months for the Forex service.

    So, the FTSE 100 Club does seem like it may be a reasonably consistent performer over the long term if historic data is in-line with the past couple of months – By this we mean accurate and achievable. The main consideration to be borne in mind of course has to be the draw-down periods which both services are obviously susceptible to.

    For us, there is enough here to make us commit to continuing with this service for the time being – We will of course, as always, be reporting back.

    Support

    A little slow but usually within 24 hours.

    Summary

    PRO’s
    • Clear signals.
    • Consistent and more than reasonable long term performance across both services – See assumptions above.

    CON’s
    • Need to have access to a trading platform (e.g. IG Index) most of the day 08:00 – 21:00 to react to Enter/Exit at market alerts – Negated to some extent by having access via a mobile device.
    • Draw-downs as identified will take some recovery time.

    Do remember, your comments are important – If you have used or decide to use this service, please contribute to the community by reporting back your findings.

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    #533
    ReviewTeam
    ReviewTeam
    Keymaster

    Systems For Traders had to be rebuilt in 2013

    This is a selection of key posts and comments from the original forum prior to the rebuild

    2liamhop

    06-Jun-2011

    I’ve been a subscriber to the F100 club for about 6 months now. I mostly follow their forex alerts (ironically), mainly because they had a bad run on the FTSE ones for a few weeks. Recently the FTSE trades have been much better, so I’m back following those now.

    I’ve recorded all the trade alerts they sent through and the results shown on their website correspond to the pip.

    I’ve also recorded all my own results based on their alerts, in order to see what kind of slippage there is. One of the good things about this service is that the prices in the alert are usually close to the current price (although recently they have been 5-10 pips away).

    Since late November 2010, ignoring their FTSE trades, my records show a profit of 2014 pips using their entry/exit numbers. Using my own actually traded numbers, I made 1511 pips. This includes funding costs and I did miss one or two trades.

    These figures give a slippage of about 27%. If you ignore the trades I missed, it drops to about 20% slippage, which doesnt seem too bad to me.

    The profit take did used to be similar to the stop loss risked, but recently they have begun to take profits a bit earlier, meaning you are risking more than you might earn, but you obviously don’t know that at the time.

    ReviewTeam

    06-Jun-2011

    Much appreciate that feedback from someone who has used the service longer than us. We look forward to monitoring and comparing our actuals versus the reported figures and indeed other members.

    ReviewTeam

    05-Jul-2011

    During June we experienced the following results:

    FTSE

    • Signal Timing = 08:30 – 19:30 UK Time

    • Risk Per Trade = 2.00%

    • Number Of Trades / Winners / Losers = 4 / +3 / -1

    • Percentage Of Profitable Trades = 75%

    • Average Winning / Losing Trade = +1.44% / -2.00%

    • Profit Factor (Gross Profit / Gross Loss) = 2.16

    • Largest Drawdown = -2.00%

    • Monthly Return = +2.33% versus a reported +2.36%

    Forex

    • Signal Timing = 08:00 – 21:00 UK Time

    • Risk Per Trade = 2.00%

    • Number Of Trades / Winners / Losers = 10 / +8 / -2

    • Percentage Of Profitable Trades = 80%

    • Average Winning / Losing Trade = +1.45% / -2.00%

    • Profit Factor (Gross Profit / Gross Loss) = 2.91

    • Largest Drawdown = -2.00%

    • Monthly Return = +7.62% versus a reported +8.08%

    This means we are still, give or take a small percentage, averaging a combined +10% a month across both of these services based on 2% risk per trade.

    2liamhop

    03-Aug-2011

    On 2 occasions in July, they increased the Stop Loss on a FTSE trade. This has the effect of increasing your stake from 2%. It’s a bit naughty to do this really, especially as it resulted in 1 winner of 1.06% and a much bigger loser of -2.81% at the lowered stop.

    July was a torrid month for FTSE100 Club, but it seems pretty disastrous for most other systems as well. The only consolation is that, of the last 7 trades placed in July, they have won 5 – so hopefully back to winning ways again for August.

    ReviewTeam

    08-Aug-2011

    During July we experienced the following results:

    FTSE

    • Signal Timing = 08:30 – 19:30 UK Time

    • Risk Per Trade = 2.00%

    • Number Of Trades / Winners / Losers = 8 / +3 / -5

    • Percentage Of Profitable Trades = 37.5%

    • Average Winning / Losing Trade = +1.64% / -2.00%

    • Profit Factor (Gross Profit / Gross Loss) = 0.49

    • Largest Drawdown = -6.00%

    • Monthly Return = -5.09% versus a reported -5.09%

    Forex

    • Signal Timing = 08:00 – 21:00 UK Time

    • Risk Per Trade = 2.00%

    • Number Of Trades / Winners / Losers = 11 / +3 / -8

    • Percentage Of Profitable Trades = 27.27%

    • Average Winning / Losing Trade = +3.00% / -2.00%

    • Profit Factor (Gross Profit / Gross Loss) = 0.56

    • Largest Drawdown = -14.00%

    • Monthly Return = -6.99% versus a reported -6.99%

    This is our first monthly loss since we started coverage of this service in April with a combined average loss of -6% across both services based on 2% risk per trade.

    We will continue to monitor in August and report back.

    ReviewTeam

    02-Sep-2011

    During August we experienced the following results:

    FTSE

    • Signal Timing = 08:30 – 19:30 UK Time

    • Risk Per Trade = 2.00%

    • Number Of Trades / Winners / Losers = 7 / +4 / -3

    • Percentage Of Profitable Trades = 57.14%

    • Average Winning / Losing Trade = +3.06% / -2.00%

    • Profit Factor (Gross Profit / Gross Loss) = 2.04

    • Largest Drawdown = -6.00%

    • Monthly Return = +6.24% versus a reported +6.24%

    Forex

    • Signal Timing = 08:00 – 21:00 UK Time

    • Risk Per Trade = 2.00%

    • Number Of Trades / Winners / Losers = 15 / +8 / -7

    • Percentage Of Profitable Trades = 53.33%

    • Average Winning / Losing Trade = +1.93% / -2.00%

    • Profit Factor (Gross Profit / Gross Loss) = 1.10

    • Largest Drawdown = -8.00%

    • Monthly Return = +1.46% versus a reported +1.46%

    Back to winning ways for this service after our first losing month last month.

    ReviewTeam

    03-Sep-2011

    We have decided to add the FTSE 100 Club Signal service to our Services We Use list.

    This is a link to our FTSE 100 Club Journal


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