Sunday 30 August 2009

Forex Kingdom Trading System Review

A reasonably well written 78 page manual. The system itself is based on the 1 hour charts and 3 indicators, one being CAO, which we have never heard of. Set-up is easy with MT4 templates supplied. The CAO indicator makes this system 100% mechanical, Entry, Exit and Stop. Back-testing looked impressive and profitable based on the CAO indicator but in real-time trading this was quite different. Entry and Exit is late as the CAO indicator is drawn late, so an impressive profit on the chart does not translate to an impressive profit in reality. We all love pretty indicators but ones that lag are not for us so we only placed one trade and moved on.

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.

Thursday 20 August 2009

Forex Jackal Trading System Review

Two products, The Jackal Juicer and Jackal Superior Signals. The system document is a 9 pager which is, in the main, plain speaking and easy to read. The system itself is based on a 15 minute chart with a Moving average and Price action around that moving average. Its simple to set up and to trade however due to its nature we found trade opportunuties very restrictive, especially based on the amount of screen time required for this system. The Jackal Superior signals (for £40 a month) we likened to Camarilla levels, which one can find for free on the internet.

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 18 August 2009

Simple Spread Trading (FTSE/DOW) System Review

No manuals here - all strategies are on-line in the members area with one page summaries which, when printed and annotated are just fine. We only reviewed the headline (Binary) system as this is the one on which the website statistics are based. The system is one that can be traded on the FTSE and the DOW and uses the 20 minute binary bets available on IG Index. Decision making is about 85% mechcanical and is based on a 2 minute chart with just one Moving average. This is quite a different and very exciting approach to trading. However, we did find that screen time was quite intense and also that entry was just a little bit too ambiguous for us to consider using it on a full time basis.

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.

Sunday 16 August 2009

3 Ducks Trading System Review

We do not usually review free system/service as the main aim of the site is to try and provide an honest review so others can get an independent opinion before parting with their hard earned cash. And, obviously, so those who have exposure to the systems/services can also add value from their own personal experiences. However, in this instance we made an exception as what we discovered was "a bit of a gem". This system is free and, in our opinion, a sound starting point/building block for those new to trading. No wild claims, no hard sell, just a very decent free and, as the author claims, set of guidelines that can be used to improve your trading. If you like you can buy Andy a pint on his website - and yes, we did!

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 15 August 2009

VisionFX 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.

Friday 14 August 2009

Forex Sailor Signal Service Review

A little bit of a strange service this one. Signals for 3 FX pairs and are received at 22:00 UK Local time, however, orders are placed at 23:00/01:00 depending on the FX pair. In addition, there are 3 orders for each pair in each direction so a total of 18 orders. Unfilled orders are also pulled at different times, between 14:00 and 16:00. Further to this we investigated the performance statistics and had it confirmed that they were based on were chart prices and spreads had not been included. After a few calculations we confirmed that a 500 pip profit including spreads on one side would have in fact resulted in a net loss. So, with lots of orders, lots of trade management and no spreads included in the performance statistics, we, justifiably stopped using this service after just a couple of days

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.