Monday 23 November 2009

PipTastic (FTSE) Trading System Review

This is, what we consider, more of an educational product than an actual Trading system. The deliverables, of which there are many are well worth a read for anyone new to trading (especially those looking at sub 15 minute timeframes and indicies, in particular the FTSE). The product does actually provide 3 - 4 base-line systems which can be used as building blocks as they are well explained and also have some sound trading principles. The main value that this product offers are the Daily updates. These are emails which detail the results for all the various systems as well as screen prints and commentary on the days Price action. This is the best personalised daily email service (in relation to a trading system) we have come across to date.

Please visit http://www.systemsfortraders.com/ to read our full review of this system and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

Saturday 21 November 2009

Forex Mobster Trading System Review

A 55 page manual that is clear and easy to read. The system is traded on the 4 hour (anchor) and 1 hour (for entry) time-frames and uses just 2 industry standard indicators. Set up is easy (on MT4), Entries and Exits are clear and 100% mechanical with some discretion required for initial Stop loss. Limited back-testing across 6 popular pairs and about 2 weeks of real-time trading left us about break-even and for sure were not hitting the 94% win rate mentioned on the web-site. We found that Entries and Exits to be quite late and without catching a very strong trend that this system would struggle somewhat.

Please visit http://www.systemsfortraders.com/ to read our full review of this system and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

Wednesday 18 November 2009

Vision FX (Forex) Signal Service Review

Signals are issued at 03:00 UK Local time which we typically placed around 07:00, as near to waking up time as possible. This didn’t affect performance too much, some we lost, some we won, etc. The email doesn't actually contain the signal details, one has to log into the web-site for the details but this is no great hardship. Order entry takes about 5 minutes, 8 orders, one long and one short for each FX pair. Once in a trade the service is supposed to tell you what to do with open trades, hold/exit. However, we found no information like this and after over 1 week of no support response to our numerous emails we gave up, we also failed miserably in our attempt to get any kind of refund.

Please visit http://www.systemsfortraders.com/ to read our full review of this service and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

Tuesday 17 November 2009

Forex Senior Signal Service Review

Signals for this service cover 7 currency pairs and are delivered at 22:00 UK Local time by email. The email received at 22:00 will usually only have one order for each pair, this is not one of those services that identifies Buy and Sell orders each way for every currency. If there is no signal for any pair the email simply states this. Effort is minimal and Risk:Reward is usually around the 1:1.5 area. We were happy with this performance during the 3 months we had access, we made a profit and matched the results reported on the website. For this reason we are continuing to run this service to the end of the year before committing to the (high) subscription costs and a more sizable account. It's really a shame also that a service costing this much does not provide/included SMS delivery.

Please visit http://www.systemsfortraders.com/ to read our full review of this service and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

Friday 13 November 2009

John Piper Trade Maker Signal Service Review

A service based mainly on Binary Betting, promising returns of over £1,000 a month for an annual subscription fee of around £500. Timing with this service is quite important as most "bets" are intra-day FTSE bets. The signals typically arrive between 10:00 - 16:00 (UK Local time) and placement takes less than a minute. Sometimes trades are left to run to expiry but more often than not some interim trade management is advised (if the "bet" is going well). Performance in July & August 2009 (when we were conducting our review) was way below par and the service needs to get back to the performance levels seen in 2008 to make it attractive once again.

Please visit http://www.systemsfortraders.com/ to read our full review of this service and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

Thursday 12 November 2009

Forex Avenger Trading System Review

A reasonably well written 87 page manual, you can skip to page 51 if you have any experience of Forex and trading. Set up is easy and straight forward and it is recommended to trade EUR/USD on the 1 hour chart, which we did. The system is quite relaxed and is about as close to 100% mechanical as we have ever seen. We back-tested 2 months and ran on a (small) account during October and made about a 5% return per month (assuming 2% risk per trade). We are not sure about the Risk:Reward on this system typically 40 - 50 pips to win 30. We have decided to continue to run this system to the end of the year to get more exposure to real-time performance. We will of course provide feedback on our site.

Please visit http://www.systemsfortraders.com/ to read our full review of this system and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

Tuesday 10 November 2009

Forex Rebellion Trading System Review

Considering the author promises "no filler fluff" we waded through 5 hours of video content and a 96 manual, all without even touchng the "bonus" material. But, anyway, on to the system itself. Easy to implement, the cleverly written indicator for MT4 does most, if not all the work. There is a small amount of decision making regarding Stop loss placement but apart from that the system is pretty much 95% mechanical. We didn't get on with the 15 minute time-frame (too choppy, too much action (and too many losing trades)) so we swtiched to the 4 hour time-frame. No shots being called here but we liked this system, we have only had 3 weeks exposure but have made some money. We will continue to trade and monitor this system until the end of the year (on the 4 hour time frame). We will provide updates along the way and hopefully receive further input from our forum members too.

Please visit http://www.systemsfortraders.com/ to read our full review of this system and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

SystemsForTraders October Update

All,

Three new reviews to inform you of this month, all of them (in our humble opinion) worthy of a read as they have all provoked extended interest from us.

All journals have also been updated, here.

We did hope to have one other review completed by today but we are just putting the finishing touches to it, Forex Senior. As and when this is completed we will send out an interim update to let you know.

As always, we have reviews in progress and will try again to hit our 4 - 6 reviews per month target in the coming month.

We hope you find the above useful and do p
lease join in on the forums, your input is vital to ensure the collective (that's you) all gain knowledge from each other (again that's you) as well as us.

Best Wishes (and Happy Halloween),


ReviewTeam - www.systemsfortraders.com