Systems For Traders - February 2011 Update

Hi, Welcome to the Systems For Traders February 2011 Update. The update is a little late as we were waiting for a couple of February results to come in and we had to change our Email client this week. The latter meant we didn't hit our self imposed four new reviews a month target. We hope to make up for this in March.

Reviews Three new reviews to report this month. Two Trading system reviews have been completed, AutoFocus FX and DMC Forex as well as the Mark Austin FTSE Signal service review. Links, as always, can be found on the left hand side of this email.

Systems/Services We Use Performance After a negative return in January (-3%) Forex Morning Trade made a 15% profit this month. 1 Minute Daily made a -22% loss on GBPUSD and a -7% loss on USDJPY in January. This month the drawdown continues, a -2% loss on GBPUSD and a -9% loss on USDJPY. Historically we know these drawdowns can occur and that's why we use this system for "growth" not income. This is one of the lows so hopefully we can report a correction from here next month.

Performance Updates Performance for "Systems/Services We Use" as well as those systems/services we are continuing to monitor post-review have been updated for the current month. Links, as always, can be found on the left hand side of this email. At present we intend to continue monitoring all of these with the exception of Fix The Markets.

Post Of The Month Goes again to more_coffee, we thank you for taking so much time to put pen to paper in relation to Trading System Development. Others will find it of interest for sure and may contribute to the subject - The link is here. (Suppose that's another drink on us when we get round to organising the SFT get together - Surely someone else can beat him this month)

Donate A PIP Our Donate A PIP campaign is still open. Do you trade at £1 a PIP, £5 or even £10 a PIP? Has Systems For Traders ever saved you the cost of a PIP? We welcome any contribution to our chosen chartity for this season - Cancer Research UK - You can Donate A PIP here - At present we are 38% of the way to our £1,000 target and we are grateful to those of you that have already contributed.

As always, we thank you for your continued support and welcome your comments in the forum because that's the way it becomes more useful to all of us. Regards, ReviewTeam - www.systemsfortraders.com