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Review From Canonbury Publishing

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Review From Canonbury Publishing

About Canonbury Publishing

In October 2008, we contacted Nick Laight who is the Managing Director at Canonbury Publishing (www.canonburypublishing.com) to review the LS Trader system. Canonbury Publishing specialises in finding money making opportunities that really work. Nick Laight agreed to test our system, and put us in touch with David Evans who is the Financial Editor to test the LS Trader system. David Evans is a full time trader with many years' experience and prides himself on finding profitable systems that really work. David is also the editor of What Really Profits (www.whatreallyprofits.com), which is a part of Canonbury Publishing.

David and Nick have both received all trades from the middle of October to date, and both receive all trades recommended by LS Trader. The system has also been tested by a number of beta testers after David's request, and they have happy to disclose that the system has made profit as well.

Canonbury Publishing Review - February 2009

LS Trader has also been tested with a number of WRP beta testers who have shown profits since testing over the last few months. Robert has agreed to let them to continue testing on behalf of Canonbury Publishing for the rest of 2009, so that I can bring you another update in 6 months time.

LS Trader provides trading signals for spread betting commodities, with the specific aim of riding the trend. The trends might last for weeks, while others might last for an entire year. The system was designed by Phil Seaton, but the service is run on a daily basis by Robert Stewart.

The system was back tested over 26 years and found to be extremely profitable and last year this was backed up with live trading of the system from January 2007. The headline results are quite astonishing with returns last year of 1,500%.

The LS Trader system is incredibly easy to follow with trades being generated once a week on Sunday evening. There is no software to deal with or any requirements for technical or fundamental analysis by the user.

Their suggested trades are accessed by logging into their website and going to a section known as the trade bet calculator, where the specific information is uploaded. An entry price is given along with a stop loss level and you are advised to place your trade on the following Monday morning soon after the relevant markets open in the UK. You input your account balance into their trade bet calculator and the current price of the commodity in question and the calculator will do all the work for you. It will tell you how much to risk per trade and how much to put on per point in your spread betting account.

The performance of the LS Trader system has been back tested over a 26 year period and has shown consistently excellent returns with a minimum annual return of 100% as the expectation of performance. The annualised return is 150% with some years far exceeding this. There are no losing years, with the worse period to date being 1996 which returned 2.90%. If that's as bad as it gets, then that it is truly excellent.

2008 has been nothing short of a spectacular year for LS Trader with the trades generated during the year giving a mouth watering return in excess of 1600%. This is an incredible performance for what has been one of the most volatile years on record for the financial markets and indeed the global economies. The performance during the testing period has been excellent with a return in excess of 500% over the last quarter. After a shaky start in January, 2009 looks like it is also starting well with a return of 22% at the time of writing.

I've seen documented evidence of emails sent to subscribers from the beginning of 2008. So I'm happy to confirm that the results on the website appear accurate, although I doubt many WRP readers will be replicating the £1,000,000 portfolio which is used to demonstrate headline returns. Perhaps for more importance is the relative return per annum which for 2007 ran at 116.70% and 2008 hit 1,500%.

It should be noted that last year was freakishly good. In fact, it was the best year ever according to the theoretical back test. One therefore shouldn't be too surprised if 2009 does not hit the same heights as last year.

The suggestion is made that nearly all markets will trend in a specific direction for around 40% of the time. The LS Trader system aims to get you in on these markets when these trending phases are taking place and hopefully capturing a large number of pips or points in the process. The emphasis is very much on getting in and out at the right times.

LS Trader is obviously a long term proposition. Sometimes trades can take weeks to get moving. Due to increased volatility across all markets, there have been some trades very recently that have been stopped out at a loss very soon after being entered. If a disciplined and long term mindset can be adopted then over time the losses will be outweighed by the big winners. It is also important to strictly and mechanically follow the system and not attempt to introduce any personal trading ideas or make any attempts to tweak the methodology of the system and the trades that are generated by the system.

The customer service offered by Robert Stewart, who takes care of the day to day running of LS Trader and deals with individual enquiries has been good to date. He is very prompt and efficient in assisting with any and all information and questions a client may need answering. Some excellent trading insights and information is regularly sent out via email and also available at the LS Trader website.

LS trader does appear to be an excellent service. The historical backtracked results are consistently profitable and for once, the live returns have exceeded expectations. I have received a number of positive emails from the WRP beta testers who are mostly very pleased with the system.

It is incredibly simple to operate, taking less than an hour a week to set up trades and adjust any open ones. As everything is taken on a long term basis, you don't have to eyeball charts 24/7, so this system could really suit someone with a full time job.

I'd like to recommend LS traders as there is much to like about this service. However, this system can only ideally be fairly assessed over a longer time frame given the holding period of trades and the financial commitment required. You are limited with 'just' £3,000 in terms of the number of markets you can trade so the system in some ways predicates a larger financial commitment than this. At £147 per month, it is certainly a considered purchase. Anyone joining with a £3,000 account would need to make a 60% return just to break even. However, so far the only year since 2000 not to make this annual return was 2005 which made 33%, but to really make it worth your while, you need to be able to commit a meaningful sum of money.

For now, LS trader gets my seal of approval; it's a professional operation with good customer service and excellent returns to date. However, given the costs and potential financial requirement, I will withhold my final judgement until I've another 5-6 months of live testing completed.

WRP RATINGS:

Value For Money: 3/5 - If performance from previous years can be replicated, then yes this offers tremendous value for money.
Profit Potential: 4/5 - Potentially first rate.
Ease Of Use: 5/5 - Extremely easy to use.
Longevity: 3/5 - Long term back tested results and a couple of years live returns indicate this is a robust offering, but more testing is required for me.
WRP overall rating: 4/5 - Potentially one of the best systems around, but further testing required.

Written by David Evans, Editor of What Really Profits
www.whatreallyprofits.com

Canonbury Publishing Final Review - June 2009

Back in February 2009 I first reviewed the commodity trading service LS Trader. At the time I concluded that it was a professional operation with good returns up to that point, but given the cost involved I wanted to withhold a final verdict until I'd seen more live testing.

A few months on, it's time for that final verdict. If you missed that original review back in February, just drop me an email and I'll send it over. As a quick recap, LS trader aims to catch the big trends that occur on commodity markets. Trading anything from Sugar to oil, commodities trends can be long and smooth. Oil has been a great example of this; big up trend to nearly $150 followed by a collapse to $33, leading to the current rally back up to $70.

Sounds simple, but the problem is that in between these big swings you can get horrible periods of chop with false dawns that test your patience and your bank balance. You're never going to catch all of any big trend, the best you can do is to catch enough big trends and hold on to them for as long as you can, while at the same time minimising losses in those annoying in between phases.

LS Trader provides you with positions to open each week with suggested stop losses. All these trades are specifically for spread betting using long quarterly expiry dates such as gold September. These trades are accessed via a members' login area with updates provided throughout the week where appropriate.

LS Trader's performance was based on back tests going back 26 years, but there have been excellent live profits over the last couple of years. Last year made an astounding 1,500%, however, the headlines statistics need a couple of caveats explaining.

These headline returns are in reference to the full suggested portfolio size of £55,000. If you had a smaller account size, say the minimum suggested account of £3,000, you would not be able to open all the trades. This would mean your returns would be greatly reduced. Along similar lines, at £147 per month, this is a considered purchase with annual fees of £1,764.

At the time of writing in February, LS Trader had made a return of 22% for the year. Since then it's not been a smooth ride for LS trader. World stock markets bottomed in March and commodities halted their slump as global economic sentiment shifted to the positive. Right now commodities are riding high again, but around March/ April time, many markets were in the middle of turning, causing substantial losses for LS trader's positions.

The service has since recovered, but your profits would depend very much on the amount you originally had to invest. If we take returns from the minimum suggested portfolio, you can see that a profit has been made including positions open in the middle of June. That profit of £909 equates to a 30% return on your investment, but if you take into account the fees you would have paid out over that time of £147 per month you would currently be just 1% up. The performance of recently opened trades has certainly helped, however at one stage the account was 50% down.

At the other end of the spectrum if you had the benefit of the full suggested account size, your profits would be substantial after fees. Starting with £55,000, your portfolio would now be £71,670, a 30% return like the £3,000 portfolio. However, the £147 monthly fee has very little difference on returns. In addition the drawdown this year was just 28% not 50%.

The bottom line

It is to LS Trader's credit that it has recovered so well after a period of drawdown. The profit of 30% is impressive considering the main stock markets have just about broken even for the year. In some ways, LS Trader was always going to struggle to repeat last year's return of 1,500%. This was well above average and highly unlikely to be repeated.

Having tracked LS Trader for a good while, I'm happy that LS Trader's traders headline returns are being reported accurate. WRP beta testers have also verified this. The site's manager, Robert Stewart has also sent me screenshots from his personal account which show a profit of over £50,000 on open trades based on a £100,000 portfolio. Robert has continued to offer excellent customer service and responds to queries in detail - as you might expect for £147 per month you might say.

I would recommend LS trader, but only for traders with over £10,000 to speculate with. There seems little point in joining the service with an account size less than this because you need to make substantial returns just to break even above subscription fees. £20,000 would probably be nearer the mark so you could have more positions open at once. It is risky as a 30% drawdown at one point this year demonstrates, but this risk doesn't look as bad in a year that the stock market made losses of an even greater magnitude.

One WRP tester summed it up well:

"I have to admit that the recent drawdown was scary although in the back of mind I did intuitively feel that things would turn around because of the sound fundamentals of the system and also because of the previous track record. My main gripe with it is that you really need to have a decent sized trading bank to really capitalise on the trends and the patience of a saint to stick with it!"

WRP RATINGS:

Value For Money: 3/5 - Only value for money if you have a large account.
Profit Potential: 4/5 - Good profit potential, but again only if you have a large account.
Ease Of Use: 4/5 - Easy to use and maintain.
Longevity: 3/5 - Good long term record, though this year is so far below par.
WRP overall rating: 4/5 - Recommended with sizeable caveats.

CONTACT DETAILS:

LS Trader
Website: http://www.lstrader.co.uk/
Cost: £147 per month.
Audience: End of day traders.
Level: intermediate upwards.
Location: UK, but can be traded anywhere.
Category: Trading signals.

Written by David Evans, Editor of What Really Profits
www.whatreallyprofits.com

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* Results are the outcome of backtesting and are hypothetical since not all trades were taken. Future results may be higher or lower than past results.