Force review Black Box Trading from Nitpicks - Review

Posted in Uncategorized on July 31st, 2009

NetPicks is one of the best social provider services, since they have been around for nearly ten years. 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.

I decided to take a closer look after I realized their results suggested they are doing a lot of things “right”. I was especially drawn to their new auto-trading service (loyal readers as well as those who use TSim already realize how much I like black box trading!)We will talk about that in a bit, I’d like to address the service first.

involuntary trade scheme

In a nutshell, Nitpicks offer a routine trading organization.
NetPicks, a trading signal provider servicer lets you sign up as a member, that does the thinking for you, and tells you when to trade. They have you attend their Key Numbers meetings daily to prepare for the upcoming session. These numbers give you a clear idea about how and when you enter, the exit target, stop loss and reversal points too. To put in another way, you are instructed precisely where to purchase and market - no discretion connected.

The EMini Day Trader and the Forex Trading system are just two offerings available on the system. The EMini service actually covers the S&P, Nasdaq, Dow, and Russell US futures as well as the Dax and EuroStoxx which are popular in Europe and are gaining popularity in the US. you don’t necessarily need a big account balance to get started
(Mini Dow contracts are $5).

The Forex system works in basically the same manner as the EMini system. Fixed target and a trailing stop are in the two lots traded. You need good balance between catching average size moves, while positioning yourself to be profitable with longer trends when they occur.

EMini’s version is strictly for day trading, and closes out every position when each session ends. 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. It is the frequency and depth of these drawdowns that really distinguishes between the winners and those with a passing interest.

By that measure, NetPicks is impressive indeed. The Eurostoxx contract for example, has suffered only one drawdown month in over a year of trading. One hundred and eighty points every single month is the average so far. That might not sound like a big deal, but bear in mind you can easily increase the number of lots traded as your account balance grows, and you see that with returns like that month in month out, you can do very nicely indeed.

Its a contender, the Forex version, although quite new to the futures market it is already showing great promise. the USD/CHF Or Swiss Franc single losing month, and is averaging over 150 pips a month.

the system has suffered in one month is 2%, which is modest by any standard.
The system tells every thing in mechanical trading system, you no need to think. However, you still have to pull the trigger when the system says Buy or Sell - a problem for some traders, who hesitate at the vital moment. The logical conclusion of mechanical trading is for NetPics to jump the final hurdle and introduce automatic trading for the forex product.

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. For accounts up to 10k, an extra $100 have to be paid every month over the standard service. 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”!

There are two partner brokers - forex.com (a portion of the big Gain Capital Group), and RobbinsFX too. (WorldCupAdvisor.com). By establishing a brand new account with the previous will provide you a great benefit by giving you a completely free month of the autotrading service.
Conclusion

NetPicks offer a tried and tested mechanical trading system that makes money. Like all mechanical systems, 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 discretionary trader can of course make more money than any mechanical system, but for those struggling with their trading, or wanting some return while learning, NetPicks offers a proven solution that will provide income.

free trial shows the confidence NetPicks have in their product, and it’s justified confidence.
You can make easy money from trading at under $200 a month for this system.