King Forex Signals Robert Grespinet Program

[FrankTheTank]

I am not a member of King Forex Signals by Robert Grespinet but I have been following it closely. His results for the past few months seem unreal, but, there are many members and videos to prove that they are true. The link for his site is

http://www.kingforexsignals.com/index.htm


Please comment and share your opinion below.

I read somewhere Rob trades from an institutional account, and trades GBP/USD only.

Then the big question is: how many pips in spread he pays? For regular traders like you and me, 6~10 pips per lot for a round trip, which has significant impact on the bottomline.

Maybe those in his room can shed some lights?

Thanks.

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.

[egejo]

Great thing...something like SNW with Felix....
I have also been looking very close to his performance and the time the order is placed so as I'm at NY time I should be awake all night if I want to trade with him not something I will like too much. For now I will just start today at 11:00 pm my subscription to SNW to use it I won't pay for the forex diamonds service I don't see why too if you have the triggers already...and king forex should wait till the software is ready for me.

Also the software will only be able for MB trading, I have heard very bad reviews from it, it should be develop for oanda or IBFX or better to be adapted to any platform you use.

[FrankTheTank]

Interesting, I did not know you could use SNW and not forexdiamonds, I thought one required the other. Please keep us posted.

Yes, SNW is virtually independent to Forex Diamonds. The latest version of SNW even has on it when the next trade is and what the upper and lower triggers are! Unfotunately, as I am based in the UK I will be missing the AUD Trade Balance tonight as it will be at 12.30am my time and I will be asleep then.

I don't know why the software is only being developed for mbtrading. Best to ask Rob or Felix in forexdiaminds if you are a member; they always answer questions after trades.

[FrankTheTank]

Looks like I will be canceling my subsciption to forexdiamonds next month then.

AUD trades are not usually that great anyway. I wish Felix would use more CAD or JPY trades and not all of this AUD crap.

[Hume]

Originally Posted by FrankTheTank

Interesting, I did not know you could use SNW and not forexdiamonds, I thought one required the other. Please keep us posted.

Hmmm. But if you don't use forexdiamonds, what signal should trigger the trade?

[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.

[FrankTheTank]

Several people in the chat room were talking about loosing money with Robs signals even though Rob shows a profit. The reason for this is appears to be because Rob uses a fast ECN platform to scalp while most traders are using retail brokers with larger spreads.

People suggested using an direct ECN platform or wait for a auto mouse clicker program to complement Rob's service.