Keith Cotterill is name familiar to many of us, and this is his latest product, a Forex Trading system which is used to exclusively trade Cable. It is recommended to trade the system between 6am and 11am or 1pm and 4pm, the UK and US Forex opening sessions respectively. This system is quite mechanical, it relies on Price action, a Stochastic indicator and a Moving average.
We traded this system as per the manual during the UK Forex opening session (6am – 11am) for 3 months. We made 31 trades and an average monthly profit of +3.22% based on 2% risk per trade. With just 10 trades a month though it did mean some days (for 5 hours) we sat at our trading screen and made no trades, frustrating!
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