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Systems For Traders | T-Desk Review

T-Desk Review

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    T-Desk Review

    To The Best Of Our Knowledge This Service Is No Longer Available

    Key Info

    Publisher:  None specified
    Cost:  £65 – £99 per month – 1st month available Free
    Review Date:  May – June 2011

    What It Says On The Website

    It is evident that the guys behind this product are “a group of IT professionals”, the website is slick and very well presented.

    The product itself is “aimed at seasoned traders and Spread betters, it is not for beginners”. It is not a “tipster” service, more so an educational product which reflects how the T-Desk “Semi-automated Trading Ideas” system views the markets by means of “notional trades”. These trades are generated (and issued by Email) from 11pm on Sunday to close of business (10pm) on Friday. On the website all current and historic “notional” trades and results (based on them) can be viewed.

    Markets traded are GBPUSD, EURUSD, GBPJPY, Oil and Gold, these are referred to as channels.

    The Service

    We had access to all channels but traded just the EURUSD channels, that’s the IDT (Intra-Day Trader) and DT (Day Trader) ones. This was as recommended by the T-Desk team, for review purposes.

    All signals (notional trades) are delivered via Email only and can indeed come at any time of the day. They are reasonably clear and include Open/Close, Direction, Market and Price, this being the price that the T-Desk system opened/closed its notional trade. For Entry signals the Stop is included and for Exits the price that the T-Desk system exited at is included.

    Order execution is always at market and is therefore reasonably quick. Entry/Exit achieved is usually at or around the price in the signal, assuming you execute asap on a mobile device for example.

    Stops across the EURUSD channels were 60 PIPs and trades were open from a minute or so up to a couple of days with a few hours or so being more typical. Trades which may be affected by major news announcements, e.g. Non-Farm Payrolls – Will be closed 5 minutes or so before announcement.

    2% risk per trade is recommended.

    Can It Work

    During the 6 weeks we had access we experienced the following results (combined EURUSD channels (IDT (Intra-Day Trader) and DT (Day Trader))):

    • Signal Timing = Any time
    • Risk Per Trade = 2.00%
    • Number Of Trades / Winners / Losers = 176 / +72 / -104
    • Percentage Of Profitable Trades = 41%
    • Average Winning / Losing Trade = +1.16% / -0.76%
    • Profit Factor (Gross Profit / Gross Loss) = 1.05
    • Largest Drawdown = -10.26%
    • Average Per Month Return = +2.65%

    Due to the vast volume of trades we have not analysed our percentage returns versus those reported on the website. However, our net profit PIP wise was 121 and the website transactions for both services over the same period indicate a net return of 112. We can therefore suggest our percentage returns are reasonably accurate.

    Signals for this service, even just for the EURUSD channels come thick and fast. we averaged 6 trades per day. More annoyingly, they come at any time of the day from 11pm on Sunday to 10pm on Friday. Occasionally an Exit signal was received within minutes of Entry and sometimes this was even followed up with an instruction to open a new trade in the opposite direction. At times it felt like we were manually trading an out of control robot/EA.

    This is a service where we found it was just not feasible for us to physically place all trades even though we were trading just the two EURUSD channels. Unlike an automated system, we need to sleep. Some trades we had to check the chart in the morning and log the Entries/Exits stated in the signals (for review purposes).


    Pretty good and usually within 24 hours.


    • Website is well done.
    • Signals are clear.

    • Not feasible to take all trades, even just committing to the two EURUSD channels.
    • Performance was just about positive, albeit over a short period of time, 6 weeks.
    • We see no reason why “Notional” trades should not at least include a “Notional” spread.

    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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