Another system where the words "geek" and "nerd" are used in the sales material. This time the vendor exposes a "payout loophole" that means you "get paid when you win, get paid when you lose". The system has a 76% win ratio since live trading back in September 2009 and does not involve sitting at a computer monitoring open trades. No previous experience is necessary nor is a big trading account.
The system comes with a 69 page manual but this is not the core of the system, the core is the "Evaluator". Simply enter the CAC and DAX closing prices from the previous day and the Evaluator provides details of which trades to use for that day. These trades are typically entered at 0915 UK Time and are Set & Forget. So, no charts, no screen watching, no hassle, does it work ?
Initially, the system is a little bit tricky to get the hang of, find the closing prices, enter them into the spreadsheet, check the trade details, execute the trade, update the spreadsheet, place Stop losses and then finally update and save the spreadsheet with the results ready for the next day. OK, that makes it sound really tricky but in reality, after a few trades it becomes second nature.
Anyway, after trading all through October and November we ended up slightly in the red, we were down around -6% based on a flat 2% risk per trade. Our results are similar to those reported by the vendor so based on our 2 months exposure we can confirm the results posted for that period are accurate.
Historically, the results for this system, according to the website, are impressive and this may just be a bad patch, don't all systems suffer these? On this based, we have decided to give this system at least another month and monitor progress in December for signs of improvement. We will of course be reporting back on the outcome.
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ReviewTeam - www.systemsfortraders.com
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