Having established itself over 10 years of excellent service, NetPicks is one of the most well known trading signal providers. Netpicks has been around for awhile being a system that includes both integrity and profit and it has outlasted a lot of systems that have burnt out.
In fact, their results suggest they are doing a lot of things “right”, so I decided to take a closer look. I really was intrigued by the new auto-trading service they offered. I just love black box trading, as you users of TSim and my regular readers already know.first I want to cover the service in general.
involuntary trade scheme
In a nutshell, Nitpicks offer a routine trading organization.
Once you’ve signed up, the optimal strategy of when to trade is worked out for you. you what they call their Key Numbers for the session ahead. These numbers tell you where you will be entering your trade, and are accompanied by an exit target, stop loss, and reversal points. You are advised of exactly what action to take at a specific time- there is no ambiguity in the situation.
There are two flavours of system on offer - the EMini Day Trader, and the Forex Trading system. For information on the S&P, Nasdaq, Dow and Russell US futures, and the European DAX and EuroStoxx (which has interest steadily climbing here in the US), look to the EMini service. you don’t necessarily need a big account balance to get started
(tiny Dow contract be $5).
EMini and Forex are the two systems and they process in same way. Two lots are traded, with a fixed target for the first, and a trailing stop for the second. The strategy allows an individual to profit from normal fluctuations AND remain able to benefit from long term changes.
with positions closed out before the end of the session.
Forex is essentially a real day trading system as it is a 24 hour market, however, there are distinct rules as to when you should trade or not.
Outcome
Most automatic trading systems expect times of drawdown. The frequency and depth of drawdowns often separates the winners from the losers.
Gauged in this manner, NetPicks certainly impresses. The Eurostoxx contract for example, has suffered only one drawdown month in over a year of trading. Up until the present time, it has been averaging 180 points monthly. That might not channel equivalent a big transact, but bear in remember you can easily growth the wares of lots traded as your relationship equilibrium grows, and you see that with returns like that month in period out, you can do really nicely indeed.
it’s already showing good results. For instance, the use of USD/CHF Swiss Franc pair has not had a single losing month, and is averaging over 150 pips a month.
In one month the dwawdown by the system is just 2%, that can be anormal for any standard.
Automated Currency Trading
The advantage of a mechanical trading system is that you don’t have to think about what to do - the system tells you. Some traders hesitate pulling the trigger at the vital moment when the system says Buy or Sell. Now NetPicks have taken mechanical trading to it’s logical conclusion and have introduced automatic trading for their forex product, thus eliminating this final hurdle.
The trades are not as automated as you might think, TSim and make the trades automated. Instead all you have to do is sign up with one of their partnering brokers and they will take care of the trading for you. This is an additional $100/month above the standard service, for accounts up to $10k. After the total in your account is higher than that, a sliding scale is applied to determine the management charge. If you want your trading signals taken care of by someone else, this really is the ultimate in “set and forget”!
Forex consists of two companion brokers.com just another entitity of the Gain Capital Group.as well as RobbinsFX Try WorldCupAdvisor.com. Opening a new account with the former has the advantage of earning you a free month of the autotrading service.
the money making system offered by net picks is a tried and tested one. it will see some drawdown, but this is relatively small, and can easily be balanced out by trading multiple Emini contracts or currency pairs.
I can learn ” hedge fund ” or a set and forget investment using this service and it gives me higher return than any bank can.
A good trader will of course make more money than any mechanical system, but if you are struggling with trading or wanting to learn how to do it better while still trading, NetPicks will give you a better way to earn an income.
A two week free trial shows the confidence NetPicks have in their product, and it’s justified confidence. At under $200 a month for the system, this will for many be the easiest way to make money from trading.