Having established itself over 10 years of excellent service, NetPicks is one of the most well known trading signal providers. NetPicks has been around a long time, which shows that they are both profitable and honest, as anything else would have been gone long ago.

In fact, their results suggest they are doing a lot of things “right”, so I decided to take a closer look. I really was intrigued by the new auto-trading service they offered. (regular readers and users of TSim will know I’m 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. They have you attend their Key Numbers meetings daily to prepare for the upcoming session. you will be entering your trade, and are accompanied by an exit target, stop loss, and reversal points.
You are advised of exactly what action to take at a specific time- there is no ambiguity in the situation.

The EMini Day Trader and the Forex Trading system are just two offerings available on the system. The EMini services cover the S&P, Nasdaq, Dow, and Russell US futures and they also include the popular European Dax and Eurostoxx markets. you don’t necessarily need a big account balance to get started
(Mini Dow contracts are $5).

EMini and Forex are the two systems and they process in same way. Two lots are traded, with a fixed target for the first, and a trailing stop for the second. You need good balance between catching average size moves, while positioning yourself to be profitable with longer trends when they occur.

With all positions closed out before session end, the EMini has distinguished itself as a complete day trading system. Forex is essentially a real day trading system as it is a 24 hour market, however, there are distinct rules as to when you should trade or not.
Be prepared for drawdown periods anytime you are dealing with mechanical trading systems. It is the frequency and depth of these drawdowns that really distinguishes between the winners and those with a passing interest.

Using this standard, NetPicks has an outstanding record. The Eurostoxx contract for example, has suffered only one drawdown month in over a year of trading. It has to date averaged 180 points per month. 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.

The Forex mode of this plan has not been in use as long as futures trading, yet it is returning positive outcomes even now. the USD/CHF (Swiss Franc) pair has not had a single losing month, and is averaging over 150 pips a month.

The largest drawdown the system has suffered in one month is 2%, which is modest by any standard.
How to Utilize a Mechanical Trading System

Instead of investing time in guesswork about trading, you work with this automated system and it determines the trades for you.

But when the proper moment comes you still have to pull the trigger when the system tells you to Buy or Sell, a problem for some traders who tend to hesitate. Netpicks now has available automatic trading for forex, they are now a true competitor.

Actually is not quite “automated” in the sense that, say, TSim can automate trades. The first step is to contact one of the two partner brokers, sign up and then allow the broker to trade the signals for you. This is an additional $100/month above the standard service, for accounts up to $10k. After the total in your account is higher than that, a sliding scale is applied to determine the management charge. If you want your trading signals taken care of by someone else, this really is the ultimate in “set and forget”!

brokers and forex are the two partnerscom A member of the Gain Capital Groupas well as RobbinsFX Try WorldCupAdvisor.com. Opening a new account with the former has the advantage of earning you a free month of the autotrading service.
Summary

NetPicks provides a tried and true method of automated trading that yields results. Drawdown is inevitable, but being on a small magnitude of scale can be balanced by the Emini contracts or currency pairs trading.

I can learn ” hedge fund ” or a set and forget investment using this service and it gives me higher return than any bank can.

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

NetPicks is so confident in their goods that they’ll give you a fourteen-day free trial, and they should be confident. At under $200 a month for the system, this will for many be the easiest way to make money from trading.