To keep things as simple as possible, we have ONLY shown GBPUSD charts.

A few people have contacted us with concerns over the large initial stops the automated system can sometimes throw up. This is true BUT in almost all cases, your initial stop is far less because when you first start to mark up the charts, your trading point hasn’t actually been triggered. Your actual stop is determined by the trailing stop automatically generated which is normally around half the distance. I have tried to draw this on some of the charts for you to see this, and I hope this is clear.

You may also discover some either red or green turning points that quickly reversed whilst looking through the charts here. These trades were never triggered as the entry point was never reached resulting in a no trade situation.

When you actually trade, you may not get exactly what is shown below as you have to allow for the spread, plus sometimes slippage (if the market happens to be moving quickly) and also the trading platforms actual live prices (although these are very close). Occasionally you may not be able to move your trailing stop as close as you would like (again if the market is moving quickly) but this differs from trading platform to trading platform.

Monday 2nd June

Another thing, in the sales literature is says that you can trade in the evening. There is nothing about evening trading on the DVDs. Once again, I had to contact support about this.

I know that these things may seem minor to some people, but to a beginner they are important. The course seems to have been written with the assumption of prior knowledge.

Anyway, my trial period of 30 days is up and I’ve decided to keep the course.

Many of you here will be familiar with Keith Cotterill, thanks to his excellent Don’t Tell The Professionals courses reviewed here at Business Opportunity Review in the past. If you have tried any of Keith’s previous products, you will be aware of his never ending commitment to providing his members with the best tools and the best knowledge you could ever possibly want. If you are a subscriber to the DTTP courses, you have access to his very informative Market Overview Web site, where Keith gets up very early each morning and makes a short video presentation on what to expect from the days trading, also pointing you in the direction of what markets you should be looking at and potential trades that may be shaping up.

The Ultimate Forex Predictor is a total departure away from the DTTP courses and is a totally unique way of trading the forex. You receive a piece of software known as T.E.S.S Real-time. It is very similar to previous versions of Tess that some of you will be familiar with, but now works in real-time from an independent data provider.

In comparison to the DTTP, this is a very simple and short course, but the revelation here is that the software actually creates buy and sell signals for you. Also it will tell you what stop loss should be set, as well as profit targets. I have seen similar systems in the past that create these buy and sell signals but they were never that accurate and I never felt very confident taking these signals very seriously. The huge difference here is that this filter is years of expert knowledge and trading skill by one of the UK’s most trusted trader, all compressed into a mouse click. Keith doesn’t bog you down with technical analysis. You never need to know about fib, stochastic’s, Elliot waves, support and resistance, RSI, triangles and pentangles and all the other things that go with trading technicals.

It’s as simple as this:

You pull up your chart, say GPB v USD on a 10 or 15 minute chart, wait for the green buy dot to appear or the red sell dot to appear, open up you trading platform, make the trade and take the profit, it really is that simple. The only other thing to take into consideration is major news events that may skew the results. This is all taken care of and is part of your trading plan and is fully explained within the course.

3.2 trillion dollars are traded daily on the fx market, making this the worlds biggest money supermarket. This can be traded 24 hours a day, but works best between the times of 7am to 10am and 1pm to 3pm (this is when most traders are active and the time to capitalise on the volatility this creates). If these times do not suit you, you can trade the Asian markets late at night.

All you need is a reasonably modern PC running XP/Vista or Mac, a broadband internet connection and an account with a spread bet company such as IG Index as your trading platform and of course, the TESS software with the data feed from IQ data. All trades are executed online and very easy to get to grips with so you wont have to call a broker. There is plenty of information available on the internet regarding spread betting if you are unsure.

TUFXP works best for Intraday trading, meaning you normally only hold your position for a few minutes or maybe slightly longer if the signals are still in your favour. You can use this system to scalp (grabbing a few pips here and there) or better still by holding your position longer and taking advantage of the systems built in trailing stop loss, you can minimise your risk and let your profits run and run and changing your profit targets as you go.

OK, the course in more detail:

CD 1

A brief introduction from Keith and a short history lesson on the Forex market. Keith guides you through the basics.

CD2
On this CD, Keith introduces you to your trading tools and here you can install the TESS software and setup the external data feed from IQ Data, as this is what powers the software in Real-time. Keith tells you how to setup the software and gives a brief explanation on how to open, save charts and so fourth. We are also shown where we can get important news items, what they mean and their relevance and how to set this up correctly for your alerts etc.

CD’s 3 & 4

We are introduced to the PTP (potential trades points) filter. This is the single most important part of the course. With a single click of the mouse, the software hunts down potential trading entry points using clever algorithms developed by Keith and his team. Not only does it create the entry point, but also the initial risk (your stop loss), scalp level if you wish to scalp only, and potential exit points to get you out of a trade before it may retrace back on you. Also a real-time trailing stop loss level is displayed for you so you can adjust it on your trading platform as the trade develops. This is revolutionary technology here and coming from a trusted source is a huge confidence boost too.

CD5

This final CD shows us how to setup an account with IG Index and how to use it’s functions. A welcome addition as I have noted on previous publications from Keith and his team that this information was very sparse, but a very important subject for the newbie trader, as this is where you are executing your trades and cannot afford to make mistakes as this can seriously cost!. So thank you for this very worthwhile section. Another section shows us where we can get a demo account to paper trade and also if you reside outside of the UK, you will need to open up an account with an online broker. Fortunately in the UK, we can spread bet which is totally tax free and exempt from Capital gains (unless the government change the law of course!). Also we trade on margin only and no need to actually buy or sell the index at all making this ideal for new traders wanting to start off small.
Also on this CD we are taken on a live trade performed by Keith with a winning 68 pips!

The final section of this CD is devoted to the extra tools provided by the TESS software. If you have used DTTP before, they will be familiar to you, but as TUFXP is designed as a simple point and shoot profit maker, this is not vitally important to the strategy employed here (but well worth reading all the same).

Conclusion

A thoroughly compelling course. The buy and sell signals are heart stoppingly accurate (see below) with an incredibly high strike rate. Normally a good system should produce around 60-70% strike rate, which will in turn make you money. It is worth saying that no system, however good it is will produce 100% as this is a totally impossible feat unless you have a crystal ball, but this is as close as it gets.

This system is superb for people who have never traded before, that do not wish to get bogged down in how to interpret signals and other learning curves. I would even urge people who may have tried out the DTTP to give this one a go as it is totally refreshing and really very simple to do.

Minor Gripes: I would have liked to have seen more on money management, as experienced traders will tell you its very important to keep full records of your losses as well as your profits and to treat trading like a business and not a pass time plus a section on how compounding works with your trading account would have been a welcome addition. Also I would have liked to have seen a section on trading emotions. I appreciate that this system is designed to pretty much do away with trading emotionally, but it is human nature to have these feelings i.e. fear, greed etc. so perhaps future releases of this system may incorporate these very important points here.

Ok then, lets see it in action!!!!

Below, we have a screen shot displaying the buy and sell signals. These have not been added in afterwards but appear in real-time as the price bars develop. This was yesterdays Great British Pound verses US Dollar chart (Tuesday 27th) and shows a wonderful sell trading opportunity at just after 7am and also a second chance around to buy the market around 9.30