This system headlines with "Learn how to make 300 to 500 Pips a week with 87% accuracy" - 4 X Pip Snager is a "new Forex system that will change how you trade forever".
Three sample videos on the website illustrate some trades and there are also over a dozen screen shots, all falling into the 87% accurate winning trades. There's then a dozen or so unsolicited testimonials.
This is actually 3 systems:
- 4x Pip Snager Scalper system
- 4x Pip Snager Day Trader System
- 4x Pip Snager Swing Trader System
Being a Clickbank product it has a 100% money back guarantee.
The Systems
The manual makes it clear that EURUSD is the best currency to trade for the Scalper and Day Trading systems. The Swing Trader system was "Written on the spur of the moment" and not too different to the other two so we did not trade it.
Best time-frame is 08:00 - 10:30 London time for Scalper (1 minute chart) and Day Trader (5 minute chart) so that's what we traded.
Entry is about 60-85% mechanical, Stops and Targets are more discretionary.
Conclusion
Trading, mostly in real-time (some retrospectively) during August and September over a 6 week period our results were as follows:
Scalping System
- 24 trades, 12 winners and 12 losers
- A net return of 0%
Day Trader System
- 13 trades, 3 winners and 10 losers
- A net return of -8%
So, it's fair to say, neither system returned anywhere near 300 - 500 pips a week and neither was near the 87% accuracy rate identified on the website.
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