last few days there is a new product on the Forex market. The manual system is called Method 311 and is available at www.method311.com . It is from Donna Forex is, among other things with their website www.donnaforex.com long been in the business.
EURJPY The method is in the 30 minute chart and consists of a measure of a signals, including stop loss, take profit and trailing stop market. Sorry, there is a strategy behind the system not explained. The system is therefore a black box. The signals can appear on all days of the week until on Friday at any time and then require a manual operation. In general, if it were about two signals per day.
Well what are we to make of it? In a lively discussion the supporters of Donna are the system test. That way, by the way costs $ 149.
my opinion, it is hardly worthwhile to buy this product. Who wants to spend all your time on and around the PC to act twice a day, a signal of a system from which you do not even know how it works? Back-testing or forward tests, as well as statements about the profitability it is apparently although no Donna says she is already a long way this year.
General Donna is known as a kind of Robin Hood of the forex dealer takes care of the welfare of ordinary people and this takes them seriously and act on the forex market teaches. A membership to their website, however, costs $ 60 per month. But it tests every week and sends Expert Advisor recommendations to their supporters to alleged benefits. But the fact is that she earns more than 30% of each sale Expert Advisor. Still seem to many to remember and are not by any argument of its opinion to bring that Donna does not do so in their own interest. Donna claims also like to again and again extensively by herself, she had no idea about marketing. In my opinion it deserves, but with marketing for several years, good money.
I think that it will not be long until someone decompile this indicator and the legendary Method 311 brings to light. And frankly, it will not be surprised if it one or the other could be a little disappointed.
then I get schonmal Pop Corn! ;-)
Update: Today was also announced that Donna critical voices in its forum gladly rewarded with expulsion from their community. That explains why all the groupies.
A section of the manual :
What risk should I use? Should I go live?besonder gefällt to me this part:
We cannot recommend you to trade live with our product nor tell you what risk you should be using, as we are not financial advisors. Method311 is an educational product to assist traders only and any decision to trade with it lies with the trader who has full responsibility over their accounts. Remember that risk and products which suit one
person do not necessarily suit everyone and only YOU can make the best decision for your account. If you feel that you cannot handle this responsibility, please see a registered financial advisor who can point you in the right direction for managed investments.
Method311 product is on educational ...... and does not explain how the method:)
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