John Pipers Profit Before Work System Review

A “Set & Forget” system which trades the FTSE in the morning (08:00 GMT), taking 10 minutes a day. The strategy is easy to understand, once you decide which Entry/Stop/Exit criteria to apply, there are various options presented to suit various risk attitudes, time contraints, etc. Even those completely new to trading should be completely competent after a few days, maxium one week, exposure. During the time we used this system we experienced a drawdown on our account of 15% or so, based on our selected rule base (Entry/Stop/Exit criteria). So, this is an approach familiar to us, of John Piper, in that is it a Low risk/High reward strategy. It means losing streaks (and drawdowns) can and will occur and have to be accepted. It is perhaps not a strategy for everyone but may suit some, we could use the term, not for widows or orphans.

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