King Forex Signals Robert Grespinet Program

[Hume]

Originally Posted by FrankTheTank

I will just use Secret News Weapon for signals. They are both the same signals but forexdiamonds give signals in a chat room while SNW gives signals through the auto-mouse click program.

OK. Now I understand.

Originally Posted by Hume

OK. Now I understand.

sorry to interrupt

but the answer above is not 100% true, forexdiamonds gives signals
which some times differ from snw triggers, e.g. when there are
multiple reports, check out Felix videos and you will see for your self.

[Hume]

Originally Posted by samjesse

sorry to interrupt

but the answer above is not 100% true, forexdiamonds gives signals
which some times differ from snw triggers, e.g. when there are
multiple reports, check out Felix videos and you will see for your self.

According to Felix you can only get SNW if you subscribe to Forexdiamonds.

[FrankTheTank]

Originally Posted by samjesse

sorry to interrupt

but the answer above is not 100% true, forexdiamonds gives signals
which some times differ from snw triggers, e.g. when there are
multiple reports, check out Felix videos and you will see for your self.

Hmm. I cant remember a time with SNW was setup different then ForexDiamonds. I know sometimes Felix's email alerts are different then SNW. I will have to keep notice.

[FrankTheTank]

Originally Posted by Hume

According to Felix you can only get SNW if you subscribe to Forexdiamonds.

Is that still true? I thought he changed it so that you could be a member of Secret Forex Society (which is free) and then SNW.

[Hume]

Originally Posted by FrankTheTank

Is that still true? I thought he changed it so that you could be a member of Secret Forex Society (which is free) and then SNW.

If you are a paying client of Felix, the price of SNW is 150 dollars. If you are not, the price is 259 dollars.

[Hume]

Originally Posted by Dim Trader

I am a member of his room. It is true that he gives his signals, and he makes a lot of money, but I think many other members make far less money, if any at all. The price sometimes moves within a second or two of him giving a signal, and you must remember he pays minimal spread as he uses dukascopy. If you try following his signals with a broker that charges 5 pip spread, you will lose. However, Felix and Rob Allen are developing software that will automatically be taking Rob's signals and trading them for you on mbtrading; this should be out within the next couple of months or so.

Felix claims that Rob made 982 pips this month. How many did you got?

[FrankTheTank]

Everyone I talk to claims that unless you have low 1-2 pip spreads and very fast reflexes it is not possible to make that many pips. Most people seem to have break even or small profits each day when Rob gets +50 or so.

Can anyone else comment?

[News Pipper]

Well after avoiding Rob Grespinet since his King Forex Signals debut fiasco last June, I finally gave in to the 1000 pips per month hype and rejoined last week.

I realize I won't be making anywhere near 1000 pips per month but... two, maybe three hundred...I hope.

So far, trading GBP/USD with Oanda's normal 2.8-3.3 pip spread, I've noticed my fills have been very close to Rob's - always 1 pip worse, but not often more. That's not too bad, but what I think will really throw the correlation between his profits and mine way off, will be the differences in our exits. Already, it is very obvious that Oanda finds a way to stop me out of trades a lot earlier than Rob is.

Part of the problem may be using tight Stop Loss orders to cut the losers short, so I may have better success using a wider, fail safe, Stop Loss order (incase of disconnection), and just be ready to close manually when Rob's suggested SL price is hit. I don't know. I'll have to see, but then I don't know if I can trust myself to be consistently disciplined enough to click that panic button when the time comes, especially after getting frustrated by several bad signals in row.

That brings me to one final thought about this service so far. Sometimes it seems like Rob is only giving a signal based on a consolidation breakout or a breach of a swing high/low. A lot of these trades just wither and die as soon as we enter. He is supposed to have insight into the buying/selling pressure through his trading platform that allows him to see bids and offers, but it seems like he gives too many bad signals that have no momentum.

Of course, if he makes me a ton of money by the end of this month, I'm going to love him to death!


News Pipper

[spudbox]

I've thought about using a limit order with Rob's trades. Like most KFS members I am not going to get in at the exact price he gives, so use a limit order with it. If the price retraces enough and gets me in, great, if not, cancel and wait for the next trade.