Ultimate Forex Predictor
Ultimate Forex Predictor Review
I have been bombarded by mails and emails promoting this Forex Trading Platform Ultimate Forex Predictor, and showing impressive testimonials of people that have tested the software.
When I received in the post the Sales Letter, I was amazed at the promises, and it has to be good for the price they charge. Well, how does The Ultimate FX Predictor generate trades?
Well, Keith Cotterill, the inventor of this trading platform, doesn`t explain. As he says: "If you`d spent 15 years perfecting something, you`d be reluctant to give your secrets away too! But also it would take me 500 pages or more to explain the inner-workings of Ultimate Forex Predictor - and it would probably bore the hell out of you!"
"I guess all you need to know is that, embedded in The Ultimate FX Predictor, are the same trend-spotting tools and turning point detector that have made Don`t Tell the Professionals an underground sensation. With two big differences... 1. These tools have been refined and updated to be used with devastating accuracy on the Forex market. 2. They`ve been 100% 'hidden' in Ultimate Forex Predictor. They`re in the background, ticking away whenever you use the software... but you can completely forget about them - just like you don`t think about how your engine`s working every time you drive your car! ALL you need to do is look for the red or green signal, and follow the prompts!"
Ultimate Forex Predictor, was first launch in April 2008 by Canonbury Publishing, owned by Nick Laight. As he explains... "What we have here is a proven Forex strategy you can use to spread trade in the morning, lunchtime or evening and make a potential £550 - £1,100 tax-free weekly income depending on stakes. Unlike so many other Forex trading plans, there are no complex charts, fancy jargon, or difficult signals to interpret. In fact you don't need any previous experience at all. Just switch on the software, wait for the alarm to signal a trade is on, follow a few simple steps... and grab your pips!"
And they claim to have received a lot of testimonials as well:
* With a bank up £1,455 after 24 trades
(and 18 winners) Terry H commented:
"The signals are very accurate in giving
spot on predictions as to making pips on
the Forex...a no-brainer really. What a
brilliant cash-maker this is!"
* After B.F got his hands on the software
and bagged 110 pips in 2 morning trades
he said: "It's like giving a cashpoint in
your living room!"
* After three days trading, tester Matt
Newton emailed to say that he'd made 6
trades...all of them successful. Matt made
221 pips in total...which at just £5 a point
means £1,105 profit in just 3 days.
* "I must say that so far the results have
been excellent!! " Although sensibly just
paper trading to start, Mike Holwill saw
230 pips profit in just a week . . . if he had
been staking £5 a point he would have
been up £1,150! Mike also said: "I think
that even a complete novice would find it
straightforward, as Keith explains most
points very well. He also highlights and
repeats the important bits to ensue they go
in! I love the flexibility of the trade
calculation tool and the potential trade
points - really allows you to tweak the
system to suit your style - testing
historically is also very easy."
* Most Forex systems take months to get
the hang of. David Jessop is in his late
'70s, and he racked up 49 pips in his first
ever session using this tool! At just £5 a
point that's £245 clear profit, right from
the get-go.
* Anthony decided to test the tool's ultra-
conservative 'scalping' method. This is
where you get in-and-out in a flash,
creaming off lots of small pip gains. He
carried out 27 trades in a month. 25 were
successful... with just TWO losses!
Despite the fact this is a super-safe
approach, £5 stakes would have netted
£1140 in a month... £10 a point and
Antony would have made £2,280 clear
profit.
* Bernard Pickup and his wife Rosemary
just started trading with this system after
coming back from holiday. They emailed
to say: "3 trades this morning - ALL
SUCCESSFUL - only 30 pips (!!!) but
with far more confidence than ever before
- all thanks to you."
* Andy White has traded 3 times so far. All
3 were winners. When asked if there was
any way we could improve the tool he
replied: "Unless you want to make
something that is very simple to
understand into something that is very
complex (for no good reason), then it
cannot really be improved."
- After one week Terry Hodgkinson had made
£1,455 and now stands at £1,950 pure profit
using no more than £5 per pip stakes.
- Ultra conservative Anthony Wright could
only trade first thing in the morning before
taking his son to school, but managed to bag
228 pips from 27 trades - with £5 stakes
that's £1,140!
- Mike sums it up perfectly: "The biggest
enjoyment comes from its profitability -
averaging 30 points a day so far (after 7 days
trading) with relatively little risk and taking
up only 3 hours of my day - perfect!"
- And yes, my resident guinea pig (er, my
father) is also on the case. He emailed to say
he has grabbed another 25 pips this morning!
As you can see, TUFXP sounds fantastic.
Well, it sounds tempting, to say the least. But is it that good? Let`s say you spend the money, here is what you get.You get a software, actually, a trading platform, which is the old Tess Platform, adapted to a Forex market. It will give you signals in the form of dot colors.
There are many variables in the setup page. What I mean, you can trade different "INTENSITY", giving you more signals or less signals. And you are advice to trade between 7-10 am and then 13:30-15:00. But you are advice NOT to trade the News.Well, this is quite difficult to do, as all the main Announcements are basically are those times.
Let me show you how the dots look in the platform.
At the top you have a daily chart, and 2 more charts at the bottom, 5min and 10min. This is actually a clever way to see the market, in 3 different dimensions.
The first trade of this day (18 june 2008) was a sell signal GBP-USD and gives a loss of 12 pips. That`s with an intensity of 5, but you would have not entered this trade with an intensity of 10. Then to the next signal ...
Next signal is green to buy GBP-USD and this time it is a profit of 18 pips. 
And this one is another loss, this time 6 pips.
Now you move to the next trading time after 1:30pm, and we have another loss.
Oh, by the way, you need to pay for the data feed, to have the live data in your platform.
This is based on a monthly subscription and is not very cheap. This data will allow you to see the prices moving in your platform. Ultimate Forex Predictor does not work without live data.
In the previous chart you will notice the bar is really high, too long. So Keith Cotterill here, in the video, reload the data, to continue with his analysis. This makes me wonder if he actually trade the signals himself. It seems he just go through the charts at the end of the day, not having reload the data before.
This trade gives 15 pips profit, although there is a red dot in the meantime, which would have produced a loss of 8 pips
There is a warning on each Report of TUFXP, which I want to show.
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Next trade at 9am ...
Stopped out with 1 pip loss. "No, wait, you could have been scalping this time, so you would have 10 pips." Then the news came out (announcement), and there is a gap that goes without trade.
Next trade is a short trade, with profits of 6 pips.
Well, scalping would have been 10 pips.
All the previous charts are based on 5 min bars. You could be instead trading 10 min bars. So at 7am you get 7 pips profits.
Then later on, you would have been long instead of short, with a trade giving you a loss of 15 pips. Not even scalping those 10 pips you would have got profits.
Next one 33 pips profit
And another loss, this time of 16 pips.
After being part of Don`t Tell The Professionals, I`ve heard lot of times Keith Cotterill referring badly to trading platforms giving signals. During my time with DTTP he usually argued that his DTTP system was better than any expensive platforms because he add brain to the analysis. He was refering to his Daily Reports.
So when he decided to launch this platform Ultimate Forex Predictor with forex signals I was trully shocked, I wouldn`t expect a signals platform from Keith himself. And as he advertises it, in his Sales Letter, it reads "A simple 'Click-and-Profit' system that lets you dip into the Forex market... just by following 'dummy-proof' red and green signals..."
£28,600-£57,200 side-income, depending on stakes.The price is £2,447 + VAT, and you have to consider the subscription for the live data as well.
I really believe Ultimate Forex Predictor is overpriced. Having trade myself different systems over the last few years, I have found really good systems for few pounds, and sometimes even for free on trading forums. Although you have to find them, and that`s not easy among all the nonsense of timewasters. But there all some few gems of forex trading systems in forums.For a trading platform giving signals I would expect some average trading results, but for a trading platform like Ultimate Forex Predictor which has an exhorbitant price, I would definitely expect better results.
Some of the graphs shown in my review show movement of hundreds pips, but this software only get some few pips of profit out of it. DTTP was a Swing Trading System, and I can see this is a Forex Swing Trading System, but it gets too late to the trades.
The testimonials speak of 150 pips profits, plus. So reviewing the platform itself and seeing this kind of results over the week I tested it, I would hardly say I was amazed.I have no doubt the testimonials are true. But in my experience, trading have cycles, and there are good times and bad times. Maybe I was lucky enough to just review the platform in a bad cycle, but anyway...
My verdict: I`d rather keep my money in my trading account.If you want good trading systems, I would recommend that you STOP searching for miracles, and start working on your own strategy. For that I would recommend to visit some Forums, Blogs, and read a couple of books. Most strategies work, but you need to work as well to see results. As for Platforms, start with Metatrader 4, understand the indicators, work with some Expert Advisors in Metatrader. It takes time, but it is well worth it.
