NetPicks is one of the best social provider services, since they have been around for nearly ten years. NetPicks has been around a long time, which shows that they are both profitable and honest, as anything else would have been gone long ago.
In fact, their results express they are doing a lot of things “right”, so I decided to stand a closer await.
I particularly liked their new auto-trading function. (loyal readers as well as those who use TSim already realize how much I like black box trading!), but after we cover the general service, I’ll come to that.
Mechanical Trading System
Basically the main offering of NetPicks is a mechanical trading system. 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 give you a clear idea about how and when you enter, the exit target, stop loss and reversal points too. In other words, you are told exactly where to buy and sell - there is no discretion involved.
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. With so many contracting options available to you, having a large cash reserve is not a requirement to getting started. You can get a Mini-Dow contract for only five dollars..
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’ll be able to both benefit from average size moves, as well as profiting from the longer trends.
with positions closed out before the end of the session.
Being a 24 hour market, Forex is not available to trade for the 24 hour period as there are certain time periods which must be adherred to, in reality it should be considered a day trading system.
Results
Mechanical trading systems by their nature, expect periods of drawdown. The frequency and depth of drawdowns often separates the winners from the losers.
Using this standard, NetPicks has an outstanding record. There has been a draw down for Eurostoxx in 1 month of trading.. Up until the present time, it has been averaging 180 points monthly. 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.
The Forex version of the system hasn’t been trading as long as the futures, but it’s already showing good results. the USD/CHF Or Swiss Franc The pair has been through a winning spree, has not suffered one loss all these months and has a stunning average of more than 150 pips per 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. 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.
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.
“automated” in the sense that, say, TSim can automate trades. The first step is to contact one of the two partner brokers, sign up and then allow the broker to trade the signals for you. The cost for this service is an additional $100 per month over stadard service if you account is less than $10,000. After the total in your account is higher than that, a sliding scale is applied to determine the management charge. Its possible to pass the work on to someone and have your trading signals taken care of, you are now really playing the ’set and forget’ way.
There are two partner brokers - forex.com (a portion of the big Gain Capital Group)as well as RobbinsFX Try 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.
Summary
NetPicks provides a tried and true method of automated trading that yields results. Trading Emini contracts or currency pairs will balance out the drawdown that will be seen with this mechanical system since it is very small.
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.
NetPicks demonstrates their well-deserved faith in what they offer by providing a two-week complimentary trial. At under $200 a month for the system, this will for many be the easiest way to make money from trading.