Force review Black Box Trading from Nitpicks - Review

Having established itself over 10 years of excellent service, NetPicks is one of the most well known trading signal providers. You cannot hide when you are a dishonest trading system vendor or you are unprofitable in your trades, Netpicks is watching over it all.

I decided to take a closer look after I realized their results suggested they are doing a lot of things “right”. I was particularly haggard to their new auto-trading overhaul. If you are familiar with TSim you will know that I am a fan of black box trading., but I’ll come to that a little later, first I want to cover the service in general.

Mechanical Trading System

A mechanical trading system is offered by NetPicks. You sign up as a member, and they do the thinking for you - telling you when to trade. Every day you’ll receive your ‘Key Numbers’ for upcoming sessions. These numbers give you a clear idea about how and when you enter, the exit target, stop loss and reversal points too. You are advised of exactly what action to take at a specific time- there is no ambiguity in the situation.

You can choose from two systems that are available: the EMini Day Trader or the Forex Trading 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. (tiny Dow contract be $5).

Both the EMini and Forex systems work in the same basic manner. A trade occur with the first being a fixed target and the second being a trailing stop. The strategy allows an individual to profit from normal fluctuations AND remain able to benefit from long term changes.

With all positions closed out before session end, the EMini has distinguished itself as a complete day trading system. Even though Forex is a 24 hour market, there are still fundamental rules guiding whether trading should be taking place. It is for this reason that one could say Forex is, ultimately, a true system for day trading.
Results

Mechanical trading systems by their nature, expect periods of drawdown. The frequency and depth of drawdowns often separates the winners from the losers.

NetPicks is impressive by that measure. One excellent example is Eurostoxx, they have only had one drawdown month is more than one year of trades. One hundred and eighty points every single month is the average so far. That might not channel equivalent a big transact, but bear in remember you can easily growth the wares of lots traded as your relationship equilibrium grows, and you see that with returns like that month in period out, you can do really 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 pair hasn’t experienced a month with losses yet, and averages more than 150 pips monthly.

the system has suffered in one month is 2%, which is modest by any standard.
Automated Currency Trading

The advantage of a mechanical trading system is that you don’t have to think about what to do - the system tells you. 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. NetPicks have gone to the root of mechanical trading and have introduced automatic trading for their forex product.

The trades are not as automated as you might think, TSim and make the trades automated. you sign up with one of their two partner brokers, and the broker trades 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. there is a sliding scale for the management fee. 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.

Forex consists of two companion brokers.com (part of the huge Gain Capital Group)as well as RobbinsFX (WorldCupAdvisor.com). Opening a new account with the former has the advantage of earning you a free month of the autotrading service.
NetPicks offer a tried and tested mechanical trading system that makes money.
Drawdown is inevitable, but being on a small magnitude of scale can be balanced by the Emini contracts or currency pairs trading.

I can see several ways of using the service - a steady income whilst learning to trade, a “hedge fund”, or simply a set-and-forget investment offering a higher return than any bank account can.

NetPicks helps people who are having difficulties trading earn income without resorting to a professional trader.

free trial shows the confidence NetPicks have in their product, and it’s justified confidence.
this will for many be the easiest way to make money from trading.