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NetPicks is one of the most well established trading signal provider services, having been in business for almost ten years. Unprofitable or dishonest trading system vendors tend to get found out pretty quickly, so the relative age of NetPicks means they must be doing something right.

I decided to take a closer look after I realized their results suggested they are doing a lot of things "right". I was particularly haggard to their new auto-trading overhaul. (regular readers and users of TSim will know I'm a fan of black box trading!), but after we cover the general service, I'll come to that.

Mechanical Trading System

Basically the main offering of NetPicks is a mechanical trading system. Once you've signed up, the optimal strategy of when to trade is worked out for you. Each day they send you what they call their Key Numbers for the session ahead. These particulars tell you where you will be inward your deal, and are accompany by an exit goal, end defeat, and setback point. In different words, you are told exactly where to buy and delude - there is no perceptiveness entangled.

There are two flavours of system on offer - the EMini Day Trader, and the Forex Trading 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).

The Forex system works in basically the same manner as the EMini system. Fixed target and a trailing stop are in the two lots traded. You'll be able to both benefit from average size moves, as well as profiting from the longer trends.

EMini's version is strictly for day trading, and closes out every position when each session ends. 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. Mechanical trading systems by their nature, expect periods of drawdown. It is the frequency and depth of these drawdowns that really distinguishes between the winners and those with a passing interest.

By that measure, NetPicks is impressive indeed. There has been a draw down for Eurostoxx in 1 month of trading.. It has to date averaged 180 points per month. That might not sound like a big deal, but bear in mind you can easily increase the number of lots traded as your account balance grows, and you see that with returns like that month in month out, you can do very nicely indeed.

Its a contender, the Forex version, although quite new to the futures market it is already showing great promise. the USD/CHF Swiss Franc single losing month, and is averaging over 150 pips a month.

In one month the dwawdown by the system is just 2%, that can be anormal for any standard. The system tells every thing in mechanical trading system, you no need to think. you still have to pull the trigger when the system says Buy or Sell - a problem for some traders, who hesitate at the vital moment. Netpicks now has available automatic trading for forex, they are now a true competitor.

In reality it is not totally "automated" based on the fact that, well, TSim may automate trading. Instead all you have to do is sign up with one of their partnering brokers and they will take care of the trading for you. The cost for this service is an additional $100 per month over stadard service if you account is less than $10,000. there is a sliding scale for the management fee. 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 just another entitity of the Gain Capital Group., and RobbinsFX too. (WorldCupAdvisor.com). By establishing a brand new account with the previous will provide you a great benefit by giving you a completely free month of the autotrading service. NetPicks offer a tried and tested mechanical trading system that makes money. Like all mechanical systems, it will see some drawdown, but this is relatively small, and can easily be balanced out by trading multiple Emini contracts or currency pairs.

a steady income whilst learning to trade, a 'hedge fund', or simply a set-and-forget investment offering a higher return than any bank account can.

A good discretionary trader can of course make more money than any mechanical system, but for those struggling with their trading, or wanting some return while learning, NetPicks offers a proven solution that will provide income.

free trial shows the confidence NetPicks have in their product, and it's justified confidence. You can make easy money from trading at under $200 a month for this system.

If you want to know our specific results and see more unbiased customer options just visit the full Netpicks Review. to read a FREE report about this Netpicks Live Forex Signal Service.