Futuretechs Signal Service Review – Clive Lambert

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  • #1669
    ReviewTeam
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    Futuretechs Signal Service Review – Clive Lambert

    Click below to visit the website
    (and get a 2 week FREE trial instead of 1)

    Key Info

    Publisher:  None specified
    Cost:  £25 a month or £250 a year (1 week FREE trial offered – 2 weeks if you use our link (above))
    Review Date:  March/April 2013

    What It Says On The Website

    Futuretechs is a FSA regulated service (the first, we believe, we have ever reviewed) headed up by Clive Lambert, a broker and trader with over 20 years experience. Clive is an active member of the UK Society of Technical Analysts and was a board member for 8 years. He is still a regular speaker for the society and also appears on CNBC from time to time.

    Fundamentals are largely ignored and Futuretechs analysis is mainly technical and provides a shorter term, intra-day, outlook. It centres on Candlestick charting combined with Support & Resistance, Trend-lines and Fibonacci plus Market profile and Pattern analysis.

    The “Individual Trader” service claims to provide “affordable Daily analysis for the Individual trader”. At £25 a month (or £250 a year) this is the option we decided to review as it is more applicable to our audience. Other options include the “Trading professionals” service (starting at £300 a month) and tailored “Technical Training” courses.

    The service we decided to review (Individual trader) covers 8 popular Currency pairs (see below) as well as the FTSE, Gold, Brent (crude) and the DOW.

    There is also an Ipad App version of this service where all reports and updates are pushed to your Ipad – This luxury comes at a cost of £120 a month, also available on a FREE trial, and covers an additional 20 instruments – We did not use it so cannot comment on its convenience.

    Finally, in relation to the Individual Trader service, there is a “SMILe” managed account option based on the signals – Available upon request.

    The Service

    Although this is a signal service the initial interaction each day is a manual one, to check the Daily (analysis) reports as and when they are posted.

    We usually checked in around 06:30 (UK time) each morning and then every half an hour or so until all reports were in. Almost always, all reports are posted by 09:00 each day – For the 12 instruments covered; EURUSD, GBPUSD, EURGBP, USDJPY, EURJPY, USDCAD, AUDUSD, USDCHF, the FTSE, Gold, Brent (crude) and the DOW (actually this is the exception, the DOW report is usually produced around 14:30).

    The Daily report is a one pager (PDF) and is easily viewed or printed. It contains detailed yet concise analysis for each instrument and makes for pleasant reading. The report provides information such as:

    • Previous Days Open/High/Low/Close/Percentage rise/fall
    • 10/20/50 Day Moving average values
    • Pivot Points
    • Candlestick chart and a view on that chart
    • Market profile and a view on that profile

    Lastly and most importantly is the Trade idea which headlines with an instruction to Buy, Sell or Stand aside. An Entry price is specified as is a Stop and 2 Targets. Then, usually, Pros and Cons for taking the trade are also specified.

    (ReviewTeam: These are probably the best detailed and laid out Daily analysis reports we have ever come across)

    Some Important Notes On Order and Trade Management:

    • The vast majority of trades consist of 2 Targets and when Target 1 is hit 50% profits are taken and Stop is moved to break-even on the remaining 50%.
    • Orders not activated by 13:00 are cancelled and Open trades are usually closed at 18:00 except for Gold and Brent (crude) which are left to run until 21:00.
    • During the day at least 1 email update is usually received although it is better to login now and again to check for updates. Those with a Twitter account will also benefit from that as a source for updates.

    With Entries and Targets usually some distance from the market, Trade management is quite leisurely though, most of the time.

    Note: Only paying subscribers receive the update emails, those on the FREE trail do not – And have to logon to the website.

    Can It Work

    As long as checks are made prior to 09:00 it is fair to say that the majority of Entries are far enough away from the current price to allow for orders to be placed and all trades to be caught. To be safe though we believe our approach 06:30 – 09:00 (every half hour or so) or something like it would be preferable to digest all material as and when it is available to allow time for Order entry and decision making if you wish to apply discretion (based on the Pros and Cons identified and/or your own analysis/strategy/views).

    Execution wise, we matched the performance of the signals provided in the Daily reports across all 12 instruments during March and April (give or take a percentage here or there based on Broker spreads and timing) as follows (we applied no discretion, traded the signals “as is” and risked 2% per trade):

    Results Analysis

    Quite detailed results here, simply because there are 2 streams (FX and Non-FX) and 4 months (January – April 2013):

    FX – January 2013
    • Number Of Trades / Winners / Losers = 71 / +37 / -34
    • Percentage Of Profitable Trades = 52.11%
    • Average Winning / Losing Trade / Largest drawdown = +2.46% / -1.80% / -19.76%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 1.49 / +29.89%

    FX – February 2013 (part verified by the ReviewTeam)
    • Number Of Trades / Winners / Losers = 70 / +37 / -33
    • Percentage Of Profitable Trades = 52.86%
    • Average Winning / Losing Trade / Largest drawdown = +2.21% / -1.83% / -13.45%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 1.36 / +21.45%

    FX – March 2013 (verified by the ReviewTeam)
    • Number Of Trades / Winners / Losers = 70 / +39 / -31
    • Percentage Of Profitable Trades = 55.71%
    • Average Winning / Losing Trade / Largest drawdown = +2.20% / -1.81% / -14.34%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 1.52 / +29.40%

    FX – April 2013 (verified by the ReviewTeam)
    • Number Of Trades / Winners / Losers = 59 / +23 / -36
    • Percentage Of Profitable Trades = 38.98%
    • Average Winning / Losing Trade / Largest drawdown = +1.68% / -1.93% / -33.10%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 0.56 / -30.86%

    Non-FX – January 2013
    • Number Of Trades / Winners / Losers = 25 / +12 / -13
    • Percentage Of Profitable Trades = 48.00%
    • Average Winning / Losing Trade / Largest drawdown = +2.28% / -1.82% / -9.12%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 1.15 / +3.65%

    Non-FX – February 2013 (part verified by the ReviewTeam)
    • Number Of Trades / Winners / Losers = 25 / +13 / -12
    • Percentage Of Profitable Trades = 52.00%
    • Average Winning / Losing Trade / Largest drawdown = +1.58% / -2.00% / -10.00%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 0.85 / -3.51%

    Non-FX – March 2013 (verified by the ReviewTeam)
    • Number Of Trades / Winners / Losers = 26 / +13 / -13
    • Percentage Of Profitable Trades = 50.00%
    • Average Winning / Losing Trade / Largest drawdown = +1.85% / -2.00% / -8.00%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 0.93 / -1.89%

    Non-FX – April 2013 (verified by the ReviewTeam)
    • Number Of Trades / Winners / Losers = 27 / +9 / -18
    • Percentage Of Profitable Trades = 33.33%
    • Average Winning / Losing Trade / Largest drawdown = +3.40% / -1.86% / -16.22%
    • Profit Factor (Gross Profit / Gross Loss) / Monthly Return = 0.91 / -3.00%

    Results Summary

    FX – January – April 2013
    • Number Of Trades / Winners / Losers = 270 / +136 / -134
    • Percentage Of Profitable Trades = 50.37%
    • Average Winning / Losing Trade / Largest drawdown = +2.14% / -1.84% / -33.10%
    • Profit Factor (Gross Profit / Gross Loss) = 1.20
    • Total Return / Average Monthly Return = +49.88% / +12.47%

    Non-FX – January – April 2013
    • Number Of Trades / Winners / Losers = 103 / +47 / -56
    • Percentage Of Profitable Trades = 45.63%
    • Average Winning / Losing Trade / Largest drawdown = +2.28% / -1.92% / -16.22%
    • Profit Factor (Gross Profit / Gross Loss) = 0.96
    • Total Return / Average Monthly Return = -4.75% / -1.19%

    Trading the signals “as is” April’s performance was disappointing although the previous 3 months were as impressive as April was disappointing. Put into context and taken over the 4 month period for 2013 (Year To Date) the average return for FX (12%+) is more than acceptable although the Non-FX service is yet to move into profit (2013, Year To Date).

    We seen enough here to give this service serious consideration for our “Services We Use” list as the Daily reports really are quite excellent and there’s a true sense of professionalism and quality. Although the Pros and Cons detailed in the Daily analysis allow one to apply their own discretion and perhaps improve base results we really would just like to see an improvement in trading “as is” – More consistency results wise and a reduction in drawdown levels would help persuade us.

    We will monitor this service for at least 2 more months and provide updates before making a final decision.

    Support

    Very responsive, within a couple of hours, always within 24 hours.

    Summary

    PRO’s
    • The first FSA regulated service (which does not come easily) we have ever reviewed.
    • The Daily reports are, in our opinion, quite excellent, easy to read with crystal clear Entries, Stops and Targets (probably the best we have ever seen) – Clearly the guys behind this know what they are doing.
    • Plenty of information for those wishing to use this service “as is”, as an aid to their existing trading or to even apply their own discretion based on the information within.
    • Achievable results which match those detailed in the Daily reports.

    CON’s
    • Having to logon so often and being timed out after 30 minutes although we don’t see a realistic alternative, Twitter does help though.
    • We would also like to see a more consistent performance and a reduction in drawdown when trading the signals “as is”.

    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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    #1992
    ReviewTeam
    ReviewTeam
    Keymaster

    Results For May 2013

    FX

    • Number Of Trades / Winners / Losers = 48 / +17 / -31
    • Percentage Of Profitable Trades = 35.42%
    • Average Winning / Losing Trade / Largest drawdown = +2.46% / -1.95% / -20.76%
    • Profit Factor (Gross Profit / Gross Loss) = 0.69
    • Monthly Return = -18.79%

    Non-FX

    • Number Of Trades / Winners / Losers = 18 / +10 / -8
    • Percentage Of Profitable Trades = 55.56%
    • Average Winning / Losing Trade / Largest drawdown = +2.07% / -2.00% / -6.00%
    • Profit Factor (Gross Profit / Gross Loss) = 1.30
    • Monthly Return = +4.75%

    A disappointing FX service in May supported a little by a reasonable return on the Non-FX service.  We will no longer be monitoring this service.


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