Markets Mastered Final Review
So, trials of Markets Mastered are over and from a bank of £500 and placing trades published in this blog, the final total profit for the bank is a staggering £17,053 over 30 trading days
I enjoyed testing this system and not often does a system produces profits of this proportion.
Questions were raised about the system which is healthy, making sure the system can deliver. I answered questions personally, to protect sales of the system. Because it is simple, I did not want to reveal the rules, preventing the developer earning from his hard work. I hope this is respected by readers of this blog.
There were minor issues regarding step 2 of the system, where a misunderstanding was encounted, and only towards the end of the trial was a more meaningful explanation offered to eliminate the misunderstanding by a blog member. This is part of learning a system and making it work.
So, here are my conclusions. These are personal opinions so please interpret these as you wish.
The sturcture of the manual
As indicated initially, the layout and structure of the manual are well presented and follow logical patterns, so you dont feel lost when entering the world of trading. It can be a minefield to unravel, but the developer seems to have overcome this providing trading discipline, opening an account, recognising indicators and confirming indicators to maximise profit.
I believe interpretation of candlesticks is explained well, however, it would be useful to have coloured indicator candlesticks; used in other sections of the manual; rather than black and white, to show when trades are present and when to enter and exit a trade.
As mentioned, I feel step 2 needs work on the explanation, as it is open to misunderstanding, not only by myself but by others. This could affect the systems profitablity in the future, although even with my interpretation, it still produced amazing profits. This would be my main critisism of the manual.
I would like to see a summary sheet at the end of the manual, a sheet showing which candlestick indicators to look for to make a trade and a simple summary of step 2, which can be printed and stuck beside a computer as a quick reference guide when trading, preventing having to locate relevent sections in the manual while trading.
The developer highlights the need for paper trading, to become familiar with the signs to look for when placing trades and I feel this is essential when using any new system. I belive trading should not be rushed into, learn your craft, start small and build a profit slowly. This system seems able to do this, as I have tested it aggressively to see if it can stand the mistakes a “newbie” may make, and it appears to be very durable to aggressive trading activities
Finally, I feel that Markets Mastered should include a section on money management. If it is to attract attentions of traders; new to spread betting; there must be indications to the risk of staking trades and how to minimise this, to continue producing profits. It does not have to be some essay on money management, but using the rule of thumb explanation of how to decide on an initial banks and what kind of stake plan to use (I generally use a 1% stake of the bank over the full day and not compounding this for each trade), I think it may answer questions raised in this blog. It does say in the Markets Mastered manual that questions would be answered, but I never received an answer to the misunderstanding of rule 2 and I feel this need addressing urgently to reassure purchases that assistance is there. I appreciate the developer may have been ill, but with a system of this kind, I feel this matter should have been refered to other who could have assisted with the task.
I feel, with these issues addressed, the manual would be more accessible to all who purchase it. It must be remembered, some people may have extremely limited knowledge of trading, so simplicity must be used, and respect given to the fact, they have spent hard eanred money on a system, to help create wealth and trust and support in the responces of the developer are of prime importance.
Use of the system
I believe, this system has proved that it has the ability to increase your wealth. Many system developers insist; for money back guarantees to be awarded; systems must be followed exactly. To me, this means these systems are not durable to withstand the the trials of a “newbie”. If so, often flaws appear as knowledge increases until the system is rendered virtually useless.
This is not so with this system, as the trial showed. Even with a misunderstanding of a system rules, it still had the ability to produce a profit. It also stood up to possibility of new purchasers not using good money management, but still gave profits. Now the developer mentions choosing correct trades and time frames is essential, and during the trail, I tried making as many trades as possible, to show versatility of this simple system. I believe, with correct money management of an account; conservative risks regarding trades; discipline to choose the most likely profitable trade; patience; passion to learn from mistakes and making trades at appropriate time, then this system will produce a fantastic profit in a relatively short period of time (a few months).
The system gives guidelines as to how much profit should be aimed for and the developer said around 20 points per trade. However, if when trading the trade reaches 18 points and seems to faulter, take profits and close the trade. Do not wait for profits to hit targets every time, it could cost you. Nothing is perfect. so taking profits before reaching goals is nothing to worry about. This is real money and I would rather take 17 points profit than hold out for 20 point profit target, and finding you have a loosing trade.
In my opinion, any system which can be misunderstood; abused by the quantity of trades and withstand money mismanagement, while still making profit, is worthy of been added to a trading portfolio.
This system trades evenings and may seem difficult to manage after a days work; but if you set a profit target; say 30 points a day; and increase stakes by 1 pound when the bank doubles, this would produce fantastic profit over a year and would not take all night to achieve. Looking at trades I placed, many produced 20 points profit in 5/10 minutes.
Although using candlesticks, it does not trade Forex market. The manual gives exact markets to trade; trading times; charts times and indicators used for step 2 and once applies (around half hour to complete) trading is similiar to Forex. I believe the developer has other systems for Forex, which may be worth investigating.
Final word
I have been suprised at the power of this simple system, which has been both backtested then entered into live trading on the same day, and constantly made significant daily profits. During the test, only 1 profitless trading day, with a loss of 7 points, has occurred. With around 6/7 possible trades per day, this gives a fantastic winning average
I personally invested real money into a trading account and now use this system live. I do not trade every trade as in the tests; I wait for ideal opportunity to arise. Also, I do not always wait for the profits to reach 20 points as suggested. I take profits when I feel trades are strongest. So, the system now produces real live profits for me, and in the few days I live traded, my bank almost doubled, following similiar patterns used in tests.
I now consider this system one of my most profitable short term tools and am sure it will continue providing fantastic future profits.
To say this system is worthy of trying is an understatement in my opinion. I would recommend this as a must have system, and even with the minor issues mentioned, I would still give this a 9 out of 10
The system is durable, adaptable, forgiving and profitable, and this is all I require from a system. If conservative money management is used, along with trading when indicators show maximum chance of profit, a bank should increase quite rapidly over a relatively short period of time.
I hope this has been useful to those who are considering its purchase. As an independent tester, I would instantly recommend this be used as a major trading tool in your bid to produce profits, but use common sense when trading, do not be greedy and use the rules to maximise opportunities to trade profitably
Thank you all for your comments, and I hope I have the opportunity to test other systems, not only from this developer but others if possible.
Martin Jones
Check out Markets Mastered
I noticed you wrote that you now wait for the ideal opportunity to make a trade and would like to know in principle only (without giving the rules away to avoid sidestepping the issue) what the difference would be in terms of your personal interpretation between an ideal trade and a non ideal trade. In my view and understanding of the trading rules if either of the two rules do not appear at the same time then this is far from ideal and hence a no trade situation occurs as per the rules. I think for the purposes and validity of the test we would need the P&L for only the ideal trades which I know for a fact would be far less trades and profit in an evening than the test is showing.
I know that this system has credit but I don’t personally think it deserves quite the credit based on your final profit and loss and the reality is that often you can wait quite some time until the ideal scenario or opportunity arises. 95% of trading is all about waiting and watching with the remaining percentages for actually making or even losing money so patience and discipline are also key attributes to working any type of spread betting market.
Hi
Your comments are quite true, if you have complete understanding of step 2. However, it seems my understanding is slightly different and so produced more trading possibilities during the test. However, the comment made about the ideal trading opportunity was refered to after receiving a different explanation of step 2. Now I feel I have more insight as to when trades should be placed. However, as I remember a comment made at the beginning of the test, many systems, when taken from the test area and used personally, have tweeks and changes in them. And now I have two different understanding of step 2, then in my own variation to the system (which is not intended to be used by anyone else but me, with my bank role) I am aware that the system gives the best opportunity to make a trade, but with my previous understanding of step 2, I also know that there are many opportunites to trade if the system is tweeked once taken onboard by the individual. Therefore, in my own world of trading, displaced from that of testing a system, I can choose whether to use my original understanding of step 2, or my new understanding of step 2 which is why I defined it as waiting for the ideal opportunity.
This was not intended to be taken into account by other, but used by myself only, with my differing understanding of the system
Hope this helps
hi Matin, i hope your hospital ordeal back in October went ok, and that your fully recovered.
Been reading your test results & was wondering if you have started your re-test with the authors meaning of rule 2 being compaired to your way? And if so hows it been going,
its a cert buy for me if its still as good as your 1st test. 17K from a £500 start bank. = a massive WOW !!! in my little world.
Regards,
Chris.
Hello NiG,
In reply to your query about low cost trading,Finspreads will allow dealing for this system down as low as 1p a pip [that's 10p a full point].I think they allow this for 8 weeks and then you have to move up to 50p a pip.Hope this helps.
Hi
I think this is a very useful comment, as it allows new traders to have 8 weeks practice to perfect the system, then enter into more energetic trading but still with low stakes and a significantly small bank role.
Thank you for this information, I will check this out further
I have a copy of Markest Mastered and have been
comparing results. I see that you take many more trades than I or indeed the developer does in one evening.To find the second criteria for the trade, to be valid in the high frequency that you do, seems almost impossible for the number of trades that you place.Or mabybe I am missing something?
Hi Bob
I dont think you are missing anything Bob, apart from that I have read step 2 and this is my understanding of how step 2 works, and this is why large volumes of trades seem to be available. Unfortunately, until someone out there, or the developer gets in touch with a different explanation of step 2, then I have to use my understanding as a basis for the trades. Also, it is not only myself who has this misunderstanding of step 2, so I feel this needs to be address within the manual, so the purchaser, who may be anyone, of any intellegence, it able to understand and feel they have value for money.
Hope this helps
For what it is worth Bob in my opinion I don’t think you are missing anything at all.
Yes I agree with JAG. This was not a real test of a system as Martin Jones just took too many trades without signal 2. And when comparing some of his trades I couldn’t even find signal 1. I asked Martin to send his trades to developer of the system for validity but it seems he either didn’t send them or didn’t get a reply.
Guys I have sent Martin an email , I have had no response as of yet but I will chase him up for an answer and an explanation to the questions raised.
Hello Peter
As explained throughout the test, I placed trade to the best of my understanding of the system. I also said that I had sent trade directly to the developer who had not replied to give feedback, and with respect, I am still waiting for replies to the trades I have sent. I can not force a reply from the developer, and he is the only one who truely know how he wanted step 2 to be understood.
As mentioned, no matter how many time step 2 was read by myself, the understanding was always the same, so I therefore requested help from the developer and I hoped yourself and other bloggers may have given there understanding, to assist with the test. It was only during the last few days of the test that a blogger forwarded his understanding of step 2 too me, which changed my thinking and gave me a better understanding.
So as mentioned in other replies, if others are familiar with step 2 and have an understanding, then a description in their words may just provide me with a better tool to provide a test of the system which is required. Tests are to try and help others, and sharing knowledge to increase this help is in my opinion, more productive to all
Hope this helps
Thanks Sam and I did receive an email from Martin this morning and his time spent in doing so is appreciated and I do realise that even the testers need to learn certain aspects of a system which can easily be misconstrued but if they were read wrongly from the outset then maybe he would consider running this from a refreshed angle based on the knowledge he has acquired over the past while and also based on the fact that Martin is continuing to use this strategy as part of his portfolio and also as per his strong recommendation.
Hi Jag
Thanks for your comments and the previous answer to the questions you posed I think have been answered. As mentioned, it would be nice to have other peoples views on step 2, off the blogg of course, so as not to give the system away and respect the developers time and effort in producing this system
To try and give my angle on step 2, without revealing the system itself. I read step 2 and used the familiar term in trading of “the trend is your friend”, this is the basis of what I understood step 2 to be. Which, in actual fact is quite close the the rule of step 2 but there seems to be a slice of the rule which I was not following. Once it was pointed out to me be one of the bloggers, I feel I gained a better understanding. But, as you rightly point out, I am not an expert on the system, and this is the learning curve I am having to go through to test the system correctly.
Finally, I placed this in my portfolio because even with the misunderstanding, the system still made a profit every day but one, and this is what I believe we are all looking for in a system. So, even though it was not followed to the exact step 2 rule, using a large percentage of the step 2 rule, still produced profit, and I believe this can not be dismissed. I have been trading live using step 1 and the trend is your friend part of step 2 and the results are producing profit.
Admittedly, not following the system exactly (due to misunderstandings), but profit is profit
Hope this helps
Was considering purchasing this sys but there appears to be some doubt regarding the results obtained during the trial is this sys going to be retested if not is it possible to forward martins angle on signal 2 as this would appear to be the problem area of this sys
Regards
Hi John, I am in contact with Martin at the moment reference a possible extension / re test of the system.
Hi Sam
Sorry, as it is my first time using a blog, I was not familiar with the layout or protocol of blogging. I was unaware answers should have been posted, so I replied to each comment personally, which also helped protect the developers profits.
I think I now have the hang of how to reply to comments, and have tried to answer the questions posed regarding the system. Hope this is more appropriate and will try to continue this in the future.
Hope this helps
Hi All
I have been in touch with Sam, and I am all too happy to do a retest of the system, no I have a more clear understanding of step 2. However, as I explained to Sam, I am preparing to have an operation during October and then having some R&R in November, so would not be able to retest until at least December.
I would still like more information from anyone who has a good understanding of step 2 and give me some examples of thier trades, as I have tried to receive this from the developer, but still had no reply, and do not seem to be able to find trade example on the developers website. One blogger keeps saying that everything for step 2 is described in the manual, but as my reply to him said, even after reading many times to try and obtain a different understanding, because it is writen in a description I can only comprehend one way, I needed to have a different explanation so as to give me a new direction.
However, now I am familiar with the protocol of blogging, the the needs of people interested in these review, I am now able to answer questions so all can see, so at least some development there.
Hope this helps
Hi Sam Thanks for the update
Hi All
I hope I can now clear a few things regarding the system tested. Please bare with me.
Firstly, the blogging culture is all new to me. Sam asked me to post the results on this blog and to be honest, this is the first time I have ever used a blog. Therefore, not only did I have to learn the system, but learn how to get the results onto the blog. Not that difficult, but it does take some time finding your way round. So, when the questions were asked of the system, I was unsure of the blogging protocol and how to respond. I found the questions in my inbox and replied to them personally. I have now been made aware this is not how it is done, so I am trying to reply on the blog now. Has it worked??
Secondly, as I mentioned in the conclusion to the test, the system is very simple and I did not want to reveal the system the developer spent time and effort on by revealing too much with indepth answeres. I believe, when testing a system, it should be tested to the maximum so as to prove the system works. This was the reason for including a comparatively high staking rate, to see if the system could cope with greed, abuse, misunderstanding, newbies etc. This system did, and in my opinion, the test should show that if it can produce profits while being abused, then with the use of the correct staking plan, then there is very little chance of loosing your investment in a short period of time, as is with so many other systems.
Admittedly, there was some misunderstanding with step 2 and this was highlighted throughout the blog and it was also indicated that help had been requested from the developer, which never arrived. This was quite a let down and I feel this needs to be addressed by the developer. Some bloggers tried to say how step 2 was implemented, but did not give an alternative explanation to that in the manual, so my misunderstanding continued. It was only at the very end of the test that an alternative explanation was offered, which gave me a better understanding.
It must be said, it was not only myself who has the misunderstanding, a number of bloggers also have problem with step 2 and I feel the developer need more work on this area.
I have been asked to re-test the system. I have no problems with this, but have to have an operation early October and do not know how long I will be out of action, and I am away in November to recharge batteries, so would not be able to conduct a re-test until around December. I am in touch with Sam about this.
As for the system, I used back testing and live trading throughout the test. I feel this was the only way to see how the result were obtained. The system had only 1 losing day during the test and generally provided decent profits. I believe, there is a 60 day money back on the system (that is the general practice for purchases) and I believe, even with a very conservative staking plan, then the cost of the system can be gained from the profits.
Even with the misunderstanding of step 2, I am impressed with the way this system produces profits and I now use this system as part of my portfolio of trading. I believe that when trading, a number of systems should be used over the course of the day and a daily profit should be decided (I look for around £1000 per day from all my portfolio), by using this system along with other, then I am finding it quite easy to reach my targets.
I hope this has cleared up a few points. In the future, if Sam asks me to review any other systems, at least I know what is expected on the blog. Please accept my appologies for not being clued up from the beginning.
Martin Jones
Hi guys,
I notice that you were looking at re doing the trial again in December – I just wondered if this is still on the cards, and if yes when are you likely to start it. I am looking forward to seeing the re trial and how you do with it.
Best regards,
Shaun
Hi Shaun, the plan was that we would revisit this in December, as yes I haven’t been able to track down Martin the original reviewer. If this is of a particular interest to you and you are interested in testing this please drop me an email, sam@onlineracingreview.com – hope to hear from you.
Hi Sam, any chance of testing this?
Hello
When you test again the Market Mastered Evening System, and the new TrendFX!????
Many Thanks
Hi Christian,
We wouldn’t review those products on here: they’re Forex products, not horse racing systems.
However, they may well feature on http://www.eforexsystemreviews.com