Re: King Forex Signals Robert Grespinet Program
I traded with Rob when Felix started with him last June, I quit early August. I tried him again after great performance in December and quit again with a month.
In December he made 1600 pips, that is on two positions most of the time. He had 314 trades.
I cant find my stats for Jan but the trade count was around 342 or so.
I traded mostly with FXDD with 3 and 4 pips spreads. Rob has either 1 or 2 pips spread.
Rarely could I get Rob's entry or exit price. Rob pays small monthly commission after trades are summed and his performance does not reflect that.
Often Rob will exit half his position with 5 pips. And move his stop to BE. usually I would be in 1 or 2 pips behind, sometimes more becuase mkt moved betweent he time I see his trade and when I get my hand to mouse and click the right buttons and get filled. So usually I could not place my stop at BE when he exits first position since I would be under and would need a minimum 4 pips to my stop.
There were way to many trades where he only makes a few pips, those I would make nothing or lose a few. Sometimes I would try to wait to get small profit and it would go further. The best trades were when the mkt was totally flat and he jumps in 30 seconds before a run takes off.
He would be right sometimes before news. But the winners did not make up for all the little losers.
Becuase he got in and out fast and his tighter spreads his trading method is to take lots of little trades and the larger ones makes up for the little losers. However I could not trade that way to have lots of little losers and small winners.
Assume I am always 5 pips behind him, two pips on spread, 3 pips between lag in entry and exit. 340 trades x 5 pips = 1520 pips. If he made 1800 I might make 280. If he drops to 1000 pips I lose big time. So payout not worth the risk.
Dave
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