Posts Tagged ‘ cannonbury publishing ’

ATM-FX


A few readers have suggested I look at ATM-FX. The cash-master site recently did a 1 month’s trial of it. I hold nothing against the CM blog and he did me a favour by hosting my own e-book but I find that he’ll give a positive review to his main affiliates as it just wouldn’t make financial sense to pooh pooh a system from a mainstream supplier of products which provides a good source of commission. ATM-FX is from the stable of Cannonbury Publishing. Please note that this is my own opinion and has no reflection on the cash-master intregity.

A friend left a comment recently which I thought would help any potential buyers:

Hi John,

Just to let you know that I did actually follow Cashmaster’s test of the ATM system and the results he posted are completely valid and anyone else who followed his method would have gained identical results if they traded over the same time period.

Having said all that I do have reservations about the method which he outlined. In his test he set a target of 20 pips on all trades. If he gained a +20 he would stop for the day. His stop would be the prior high or low from the last market turn prior to the signal – this was general around 35 to 40 pips. So there is already an issue – the risk can be twice the target. If the first trade lost then a second trade would be entered. If there were two losses then he would stop for the day. So from this we can work out a number of ’stats’. Firstly, if the stop is 40 and the target is 20 then you are likely to win 66.6% of the trades even if the system has no edge. Secondly, from a psychological perspective, what would you feel like if you had a day with two losing trades which cost you around 80 pips in total? What if you had two or three days like that back to back? Suddenly you’d need a fair few winning days just to get back to break-even! You’d have to ask yourself all these questions if trading this method. To some extent I think Cashmaster got lucky with his test period – there seemed to be a slightly higher than average number of days where he made his +20 then buggered off.

Personally I think that the ATM system does have merit but, as with all systems, it’s down to the individual user to try and fit it around his or her own ‘trading personality’. I don’t think that it is realistic for anyone to think that they can just take a system and make it work ’straight out of the box’ (even though this is very appealing to many people).

Hope this helps peeps,
Steve.

Announcements


Without getting excited or overboard about the situation, the last few trades have been very favourable and I’ve pulled back a very decent chunk of the losses. I’m still a long way from where I want to be but I’ll keep taking one step at a time and see how I go. I’m certainly not going to be taking any liberties and I’ll be very thankful for further gains.

Cannonbury publishing who are responsible for The Ultimate Forex Predictor, are preparing for release of an updated TUFXP. The improvements are still being kept quiet but I’m sure they’ll be sending out their customary emails soon enough claiming it to be the World’s best forex signal system. As I’ve said before, it certainly does not perform any where near what they claim it to, especially on bog standard settings and it requires plenty of fettling.

Apple had everyone looking in their direction yesterday with their anticipated release of a new product for 3 years. What was it? A bloody massive iPhone! I’m sure it’ll sell in the millions but everytime I look at it I think of the oversized calculator:

iPad:

It amused me anyway!