Thursday 28 January 2010

Forex Powerband Dominator Trading System Review

Another well written and presented offering from Dean Saunders. This time it's a system without proprietary indicators but one which relies on traditional industry standard indicators. The manual is well written and the videos are well presented, as expected from Dean. Also included are two Cheat sheets, one for a Long set-up and one for a Short set-up, basically one pagers which will be all you need to refer to if you trade this system. Entries, Stops and Exits, in fact the whole system, we would say, is about 80% mechanical. This system provides a sound base for beginners, those with experience, like us, probably already use at least some if not all of the concepts used to put this strategy together.

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 14 January 2010

London Forex Open Trading System Review

A system that claims to require 10 minutes a day trading just GBP/USD comes with a very well written 27 page manual and MT4 template (indicators and templates provided). The system is 100% mechanical, Entries, Stops and Exits are all clearly displayed (by the indicator). Set up is easy and we found, after a week or so with the clever use of IG Index orders, 10 minutes a day around 08:00 UK Local time is about all that's needed. Performance was sound through Q4 2009 and we added this system to our "Systems We Use" list, replacing London Rush. We are also maintaining a journal for this system on our website, although all trades are actually reported on their own website too, we use our journal as a check-point against what is being reported. So far we are in sync.

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.

Pro FX V2.0 Trading System Review

This is a systems that is recommended for use with GBP/USD on the 30 minute chart from 08:00 GMT, taking the first trade of the day. At least, this is what (we are told) the results on the website are based on. The manual for this system, 23 pages, for us, was quite unclear and we spent much time clearing up a number of issues we had prior to being able to trade this system. Even after a few weeks, we were not sure we had a sound rule base and this was confirmed when our results were no where near the same as those being reported on the website. In the end we decided that the system was not for us, no matter how hard we tried we couldn't nail down a sound rule base and we were not achieving the results on the website. This is not to say it cannot work for others, we just couldn't make it work for us, no matter how hard we tried. For sure, we wanted it to work, taking just the first trade of the day after 08:00 GMT for a nice steady profit appeals to us.

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.