SimplyProfit

REAL TRADERS.
REAL TRADES.

Live trade alerts on Futures and Forex. Small team of great traders. Historically, over 4 winning days out of every 5.
We’re profitable. We’re consistent.

 

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Our Services

We give live trade signals on Futures and Forex. All our trade signals are given using advance pending orders. And every trade alert has a precise entry, stop-loss and target.

Futures trades

More to come…

Forex trades

We deliver our Forex trades from 6am ET to 1pm ET, Mondays to Thursdays. You can receive the trades on a smartphone, tablet or desktop.

The trade entries are given as advance pending orders and typically appear from 5 minutes to 30 minutes in advance of the entry being triggered. That means you have plenty of time to enter the trades on your platform. And every trade will come with a target and stop-loss.

On average, the profit target are between 50 pips and 150 pips and the stop-losses are between 25 pips and 50 pips.

Click here to read more about our trading method for Forex.

Team

Neil N.

Neil started trading in 2005 when he was looking for his next business venture. He discovered trading through a series of videos online from a British trader that recorded his trades. One of his videos showed him making approximately $30,000 in a live account in a few minutes on a GBP/USD trade and he felt that it was something he could learn. Like most people, at the very beginning, he went to lots of seminars and read lots of books on the subject. After realizing that there was no Holy Grail and making losses in his first year, he developed his own trading technique by mainly watching the screens and taking bits from all the various sources and putting it all together. When he put his core system together, he began by scalping using 30m, 3m & 1m charts on two pairs, GBP/USD and EUR/JPY. However, scalping is very demanding and emotionally draining and he feels that the bigger profits are made using the longer time frames. Today, he trades the 4-hour chart the most. The lowest timeframe he will go down to is the 15m but that is only when there are no setups on the higher timeframes. In his own words, “I trade to live, not live to trade & I don’t want to be sat in from of the screens every minute of the day for the rest of my life!”

Neil lives in the UK. His hobbies when he’s not trading are skydiving, martial arts, and Yoga. He finds the martial arts very helpful in trading because it helps him prevent hesitation when executing a trade.

Read the DailyForex.com interview of Neil Norton here.

 

huzefa

Huzefa H.

Huzefa began trading in 2000 starting with UK and US equities and equity options. He gravitated towards technical trading, building his own trading rules and systems. After working with leading firms including Deloitte and PricewaterhouseCoopers, he left a career in finance to begin trading Forex in 2005.

In 2012, Huzefa was appointed by DailyForex.com as their Senior Analyst. His published articles cover technical trading strategies and market analysis. In the same year, Huzefa was invited to be a speaker at the 2012 Las Vegas Forex & Options Expo and the 2012 Toronto MoneyShow. Today, Huzefa attends numerous trading events both as an attendee and speaker.

In 2015, Huzefa joined the Canadian Society of Technical Analysts.

In addition to trading, Huzefa enjoys mentoring traders of all levels, communicating his ideas and developing a shared learning environment.

As the original founder and dedicated administrator for SimplyProfit and TheForexRoom, he wishes to provide the best possible user experience for the members to develop their successful trading careers.

Huzefa resides in Toronto, Canada.

 

tim

Tim M.

Tim first turned his attention to the financial markets in early 2006 during his first year at University and his interest was further expanded when as a Systems Analyst for TD Ameritrade, he taught employees the newly released platforms as the firm expanded into Forex and Futures.

Tim spent the first three years trading US equity options and developing his own methodologies to accurately gauge the change in Options pricing.

In 2009, Tim began developing a systematic intraday trading strategy for the S&P futures market. In 2010, the strategy was adapted to the Forex market in collaboration with Huzefa Hamid. Today, this strategy is traded entirely on the Forex market.

Outside of trading, Tim graduated from the University of North Texas in 2010 where he double majored in Computer Science and Sociology.

Tim counts trading as one of life’s passions and endeavors to perform at the highest levels of his chosen vocation.

Tim resides in California, USA.

 

tim1

Greg M.

Greg has spent most of his professional career in research roles—first at two of the major credit rating agencies, and then at the two largest Canadian banks. The roles gave him broad exposure across different asset classes and cemented a career in the markets and towards trading.

At both banks, Greg was a Senior Currency Strategist as part of a team that generated market forecasts. In particular, he was responsible for driving a Canadian dollar forecast that reached a top 5 global ranking from 2013 to 2015.

Beyond forecasting, generating specific FX trade ideas for clients was the biggest part of his role at the banks—and the part about which Greg was most passionate.

Technical analysis has always been an important part of his trade ideas of any time horizon. Now with his focus on intraday trading, technical analysis is the essential tool for Greg’s ideas.

Greg holds the Chartered Market Technician (CMT) Level 2 certification.

Greg resides in Toronto, Canada.

 

Trading Strategy

The strategies used to call trades in the room are sequential, repetitive and tested. We use the same set of criteria in each strategy so we can reliably perform and not trade in unchartered territory.

All our trading signals and calls come with an entry, profit target and stop-loss. Without any of these three elements it cannot be called a strategy.

We trade for a living and we execute our own trading signals in our live accounts.

Futures trading method

More to come…

Forex trading method

Tim’s strategy is a two-step process: the first step is a macro view of the charts which identifies the key price levels; the second step is a tick-chart with a systematic entry procedure when prices reacts to the levels identified in the macro view. It is a repetitive process that remains the same regardless of which Forex pair is being traded.

The macro view begins with the 4-hour and Daily timeframes. The most recent support and resistance levels are marked out manually on the chart as well as the key Fibonacci levels from the most recent highs and lows.

Tim then looks for a 4-hour candle or a Daily candle to reject one of his pre-determined levels to produce either a long bias or a short bias.

The second step then uses a set of systematic rules on a tick-chart to enter trades in line with either the long or short bias found on the 4-hour or Daily chart.

A tick-chart is comprised of candles that complete after a certain amount of “tick volume”. Because a tick-chart isn’t a time-based chart, each candle can take a different amount of time to complete depending on the level of activity in the market. The strategy uses a specific tick-chart setting for each Forex pair. For example, EUR/USD uses 233 ticks per candle whereas GBP/USD uses 512 ticks per candle.

Derived from the tick-chart are two indicators: an ATR or Average True Range indicator and a MACD histogram indicator. There is a ruleset for both indicators that must be met for a trade to be triggered.

Tim does not open new trades immediately before or after a major economic news release, such as the US Non-Farm Payroll numbers or European Central Bank monthly interest rate announcements. At these times, the markets present a greater exposure to risk relative to a potential reward.

All trades use advance pending orders. Typically the orders are placed between 5 minutes and 30 minutes in advance of a trade being triggered. For every trade signal produced by Tim, there will be a specific entry, stop-loss and target. On average, the targets are between 50 pips and 150 pips and the stop-losses between 25 pips and 50 pips.

Tim monitors about a dozen Forex pairs and executes between 1 and 4 trades a day.

Using this two-step approach of a macro view followed by a lower timeframe with systematic entry and exit rules means that the strategy controls risk very well and produces high win-rates. On a weekly basis, Tim’s trade alerts have been profitable more than 8 weeks out of every 10 weeks.

Testimonial – my journey with SimplyProfit

Over time, I grew as a trader with the room; I became more disciplined and I learned to follow the rules that are set and not deviate from them.

Shyam Vyas, UK | March 2016

READ FULL TESTIMONIAL

Frequently Asked Questions (FAQ)

Is there any knowledge I need in advance to use your signals?
As long as you know how to execute trades on your broker’s platform, that’s all you need to know to start following our signals.
Is there a trial-period?
Yes. We offer a 1-week free trial. You can cancel at any time during the first weeks without being charged.
How many trading signals do you give a day?
For Forex, Tim gives between 1 and 3 Forex signals a day. For Futures, Charlie averages 5 Futures signals a day.
What times of the day are the signals released?
The Futures trades are typically from 8:45am ET to 12pm ET every trading day. On occasions we’ll continue trading past 12pm ET. The Forex signals are from 6am ET to 1pm ET Mondays to Thursdays.
Are the signals given in advance?
Yes. All the entries are advanced pending orders, typically anywhere up to an hour before the trade is triggered.
How large are your stops and targets?
Our Futures trades risk between $125 and $190 per contract traded and all trades have a risk to reward of at least 1:1 and up to 1:2. Our Forex trades risk between 25 to 50 pips with targets from 50 to 150 pips.

 

How are the trading signals received?
The Futures trades are given in a live room everyday and you can have the signals automatically executed for you with our U.S. registered broker. The Forex trades are given over a protected list that can be received on your smartphone, tablet or desktop.
Do you teach your system?
We educate members in the Live Room about how our Futures strategy.
Why are you doing this service?
We’ve traded privately for a number of years. We wanted to expand our public profile as traders and think this service is a great way to start.
Do you offer auto-trading for your signals?
We are partnering with a broker listed and registered with the Chicago Board of Trade (CBOT) since 1988 that will execute our signals in your own account directly. Please write to us at support@simplyprofit.net for more details.
Do you hold trades overnight or over weekends?
Almost all are trades are entered and exited in the same trading day