ATM FX System Review

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ATM FX System Review

ATM FX System Review

ATM FX Forex Trading

ATM FX is a product that is aimed at making money using spread betting to trade the forex market. It has been developed over a year ago by Keith Cotterill, also renowned as, the man behind Ultimate Forex Predictor and a few others besides.

ATM FX costs £247, for which you get a pdf manual and a CD with tutorials.The manual is catered for a wide spectrum from the novice to the expert. Those more experienced will be able to skip those parts of the manual that cover material already known, thus allowing you to concentrate on the system itself.

So, what can I tell you about ATM FX without giving the game away? The system is trading the GBP/USD currency pair. You are taught to do this by working out signals by reading charts. The author has worked out that by using the Advanced Chart that only IG Index (a spread betting firm) supply, one has a better chance of calling the movement correctly. Obviously, one has to have an account with IGI (who will charge for this advanced chart if you do not place at least two trades per month). It is important to note that there are no other costs involved (eg for data feeds), nor is any other bespoke software.

The ATM FX manual goes through setting up your account with IG Index, as well as, setting up the Advanced Chart. The latter is saved as a template for you to call up every time you trade. The entry point to the trade is explained very well, with examples. The best time to trade is also detailed. The section on money management is helpful to establish your potential exit point and to calculate the price per point at which you should trade.

Given all of the above, I shall be trading the above for the minimum amounts allowed by IG Index. The aim is to make around 25 points per trade, per day using ATM FX. If this is achieved on the first trade of the day, I shall stop. If not, another trade will be placed; if this is also unsuccessful, I shall call it quits for the day and not trade till the next. If the second trade is, however, successful, I shall open a last trade for the day. So, to summarise, a day may involve between a minimum of 1 trade, up to a maximum of 3 trades.

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Final Review

I ran the trial for 30 working days, or a month and a half. ATM FX System produced a gain of over 150 pips in that period. The trial started well and ended strongly, with a bit of a sag in between. The total gain of 150 pips roughly equates to +100 pips per month, which is within reasonable parameters. This could be increased by actively managing the trades eg. letting the profitable trades ride a little longer instead of setting the limit at 25 pips.

The set-up of the system was easy enough. Those with more experience of forex systems will find it simpler than others. All in all, no problems were encountered.

The manual was easy to read and understand. However, I would have like a few more examples of entry points. In reality, there are various scenarios that present themselves as to when to enter a trade. This could have been resolved by having more examples. I had recourse to contact the author once during the trial and it was regarding the entry point. The response was faultless and the matter was resolved.

Another plus for ATM FX System is that it can be used alongside other forex systems you may be using. And there may even be some overlap.

Compared to the other forex products that I have encountered, this one stands out. ATM FX System is well worth the money. If the trial results were to be replicated, or indeed, even improved upon with active management, this could be achieved in a couple of months or so with £1 a pip. This means you are willing to lose £1 for every pip that goes against you, versus winning £1 for every pip that goes your way. At £1 a pip, which is fairly conservative (the big boys have been known to start playing with £10 a pip), 100+ pips per month equates to a £100 monthly gain.

———- ATM FX System Review Results ———-

Day 1 – ATM FX – Mon 11/04/2011

Started looking at charts around 13.00.

+25 pips – encouraging start to the trial as the very first trade comes in.

Entered 13.50 and exited approx. 14.02 (UK time). Sell signal.

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Day 2 – ATM FX – Tue 12/04/2011

Started looking at charts around 13.00.

+25 pips (cum +50 pips). First trade successful. Sell signal.

Entered 14.54 and exited 15.38 (UK time).

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Day 3 – ATM FX – Wed 13/04/2011

Started looking at charts around 13.00.

First trade: break even. This was a sell trade – had to intervene and close manually, as signal turned to buy. It had gone down 20 pips, but ran out of steam. Entered 13.46 and exited 15.31 (UK time) .

Second trade: +25 pips. Buy signal. Entered 15.47 and exited 15.52 (UK time). This trade was done in approx. 5 minutes – presumably, this is as easy as it gets?

Cum total = +75 pips.

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Day 4 – ATM FX – Thu 14/04/2011

Started looking at charts around 13.00.

Very choppy waters. 3 trades today:

1. +10 pips. Buy signal. Entered 12.23, exited 13.29;

2. -9.50 pips. Buy signal. Entered 13.54, exited 14.18;

3. -19.80 pips. Sell signal. Entered 14.22, exited 15.08.

Net P/L for day: -19.30 pips.

Cum P/L: +55.70 pips.

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Day 5 – ATM FX – Fri 15/04/2011

Started looking at charts around 13.00.

1 trade today -ran out of time to open any more trades.

+5 pips. Sell signal. Entered 13.21, exited 13.55.

Net P/L for day:+5 pips.

Cum P/L: +60.70 pips.

Is this good for week one? Considering the most I am looking to make in a week is +125 pips (25 pips per day), this doesn’t look bad.

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Day 6 – ATM FX – Mon 18/04/2011

Started looking at charts around 13.00.

3 trades today:

1. -25 pips. Sell signal. Entered 13.55, exited 14.00;

2. +25 pips. Buy signal. Entered 14.13, exited 14.18; and

3. +25 pips. Sell signal. Entered 15.30, exited 15.45.

Net P/L for day:+25 pips.

Cum P/L: +85.70 pips.

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Day 7 – ATM FX – Tue 19/04/2011

Started looking at charts around 13.00.

1 trade today, as first trade came in:

1. +25 pips. Sell signal. Entered 13.15, exited 13.40;

Net P/L for day:+25 pips.

Cum P/L: +110.70 pips.

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Day 8  – ATM FX – Wed 20/04/2011

Started looking at charts around 13.00.

1 trade only today:

1. -25 pips. Buy signal. Entered 15.18, exited 16.08. This left little time to find another trade.

Net P/L for day: -25 pips.

Cum P/L: +85.70 pips.

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Day  9 – ATM FX – Thu 21/04/2011

Started looking at charts around 13.00.

1 trade today:

1. +25 pips. Sell signal. Entered 14.45 , exited 14.50 .

Net P/L for day: +25 pips.

Cum P/L: +110.70 pips.

Next trading day will be Tue 26/04/2011 due to the Easter break.

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Day  10 – ATM FX – Tue 26/04/2011

Started looking at charts around 13.00.

2 trades today:

1. +2.60 pips. Sell signal. Entered 14.00, exited 15.14;

2. -25.00 pips. Buy signal. Entered 15.20, exited 15.30.

Net P/L for day: -22.40 pips.

Cum P/L: +88.30 pips.

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Day  11 – ATM FX – Wed 27/04/2011

Started looking at charts around 13.00.

1 trade today, as very first trade came off:

1. +25.00 pips. Sell signal. Entered 15.10, exited 15.58.

Net P/L for day: +25.00 pips.

Cum P/L: +113.30 pips.

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Day  12 – ATM FX – Thu 28/04/2011

Started looking at charts around 13.00.

1 trade today, as very first trade came off:

1. +25.00 pips. Sell signal. Entered 15.25, exited 15.38.

Net P/L for day: +25.00 pips.

Cum P/L: +128.30 pips.

Will resume next Tuesday 03/05/2011 due to the extended Bank Holidays.

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Day  13 – ATM FX – Tue 03/05/2011

Started looking at charts around 13.00.

1 trade today, as very first trade came off:

1. +25.00 pips. Buy signal. Entered 13.17, exited 16.12. Had to wait a long time for it to hit the limit mark. It then went up another 20+ pips.

Net P/L for day: +25.00 pips.

Cum P/L: +153.30 pips.

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Day  14 – ATM FX – Wed 04/05/2011

Started looking at charts around 13.00.

No suitable trades found today.

Net P/L for day: nil.

Cum P/L: +153.30 pips.

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Day  15 – ATM FX – Thu 05/05/2011

Started looking at charts around 06.30.

2 suitable trades today:

1. -25.00 pips. Buy signal. Entered 06.55, exited 09.26;

2. +25.00 pips. Sell signal. Entered 15.05, exited 15.30

Net P/L for day: nil.

Cum P/L: +153.30 pips.

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Day  16 – ATM FX – Fri 06/05/2011

Started looking at charts around 08.30.

2 suitable trades today:

1. -25.00 pips. Sell signal. Entered 09.55, exited 11.15;

2. -25.00 pips. Sell signal. Entered 14.45, exited 15.25

Net P/L for day: -50pips. Worst day so far.

Cum P/L: +103.30 pips.

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Over the weekend, I went back to re-read the manual to see if Friday’s two losses could have been prevented. Having read the manual again, I may have spotted an ambiguity (or two)  over the entry part of a trade. I have since put this to the author and await reply. It makes sense not to trade until clarification is received.

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Day 17 – ATM FX – Mon 23/05/2011

Resumption having contacted the authors. No change to what I was doing.

Started looking at charts around 07.00.

3 trades today:

1. -25.00 pips. Buy signal. Entered 07.35; exited 07.55;

2. +25.00 pips. Sell signal. Entered  07.56 ; exited 08.30;

3. -25.00 pips. Buy signal. Entered 09.30; exited 09.45.

Net P/L for day: -25pips.

Cum P/L: +78.30 pips.

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Day 18 – ATM FX – Tue 24/05/2011

Started looking at charts around 07.00.

2 trades today:

1. -25.00 pips. Buy signal. Entered 09.00; exited 09.55;

2. +25.00 pips. Sell signal. Entered 14.00; exited 15.10.

Net P/L for day: nil.

Cum P/L: +78.30 pips.

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Day 19 – ATM FX – Wed 25/05/2011

Started looking at charts around 07.00.

2 trades today:

1. -25.00 pips. Sell signal. Entered 07.55; exited 08.55;

2. -25.00 pips. Sell signal. Entered 09.05; exited 10.00.

Net P/L for day: -50 pips.

Cum P/L: +28.30 pips.

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Day 20 – ATM FX – Thu 26/05/2011

Started looking at charts around 07.00.

1 trade today:

1. -25.00 pips. Buy signal. Entered 07.25; exited 08.40;

Net P/L for day: -25 pips.

Cum P/L: +3.30 pips.

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Day 21 – ATM FX – Fri 27/05/2011

Started looking at charts around 07.00.

2 trades today:

1. -25.00 pips. Buy signal. Entered 07.25; exited 09.50;

2. +25 pips. Buy signal. Entered 15.00; exited 15.45.

Net P/L for day: nil.

Cum P/L: +3.30 pips.

NB: next trading day will be Tue 31/05/11 due to Bank Holiday on Monday next.

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Day 22 – ATM FX – Tue 31/05/2011

Started looking at charts around 07.00.

1 trade today:

1. +25.00 pips. Sell signal. Entered 08.20; exited 09.45.

Net P/L for day: +25pips.

Cum P/L: +28.30 pips.

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Day 23 – ATM FX – Wed 01/06/2011

Started looking at charts around 07.00.

1 trade today:

1. +25.00 pips. Buy signal. Entered 08.20; exited 09.10.

Net P/L for day: +25pips.

Cum P/L: +53.30 pips.

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Day 24 – ATM FX – Thu 02/06/2011

Started looking at charts around 07.00.

1 trade today:

1. +25.00 pips. Sell signal. Entered 07.35; exited 08.35.

Net P/L for day: +25pips.

Cum P/L: +78.30 pips.

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Day 25 – ATM FX – Fri 03/06/2011

Started looking at charts around 07.00.

3 trades today:

1. -25.00 pips. Buy signal. Entered 07.45; exited 09.45;

2. +25.00 pips. Sell signal. Entered 09.56; exited 10.25;

3. -25.00 pips. Sell signal. Entered 13.45; exited 14.05.

Net P/L for day: -25pips.

Cum P/L: +53.30 pips.

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Day 26 – ATM FX – Mon 04/06/2011

Started looking at charts around 07.00.

2 trades today:

1. -25.00 pips. Buy signal. Entered 09.35; exited 11.00;

2. +25.00 pips. Sell signal. Entered 13.30; exited 15.45;

Net P/L for day: -nil.

Cum P/L: +53.30 pips.

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Day 27 – ATM FX – Tue 07/06/2011

Started looking at charts around 07.00.

1 trade today:

1. +25.00 pips. Buy signal. Entered 07.50; exited 09.10;

Net P/L for day: +25 pips.

Cum P/L: +78.30 pips.

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Day 28 – ATM FX – Wed 08/06/2011

Started looking at charts around 07.00.

1 trade today:

1. +25.00 pips. Sell signal. Entered 08.05; exited 08.15;

Net P/L for day: +25 pips.

Cum P/L: +103.30 pips.

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Day 29 – ATM FX – Thu 09/06/2011

Started looking at charts around 07.00.

1 trade today:

1. +25.00 pips. Sell signal. Entered 09.50; exited 11.25;

Net P/L for day: +25 pips.

Cum P/L: +128.30 pips.

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Day 30 – ATM FX – Fri 10/06/2011

Started looking at charts around 07.00.

1 trade today:

1. +25.00 pips. Sell signal. Entered 07.40; exited 08.15;

Net P/L for day: +25 pips.

Cum P/L: +153.30 pips.

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One Response to ATM FX System Review

  1. Could you post the time when you entered the trade and left it so I can take a look…thanks!

    Sally
    April 12, 2011 at 3:11 am
    Reply

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