Systems For Traders

Forex 121 Review

2012-01-12T10:35:00.002Z

This Forex signal service is run by Dam Armitage. Although it is advertised as a Signal service it is in fact a little more than this as it also includes an educational aspect which is then used in conjunction with the signals.

This service comes at a cost - There is a one of cost of £997 for the education and the service is around £100 a month thereafter. Included in this price are Daily Live trading rooms, 1 on 1 Skype mentoring, Q & A sessions, a Weekly Trading school and of course the Signals.

So, the service is expensive but it does include the education (4 different trading set-ups) and many extras which may well suit some. During the time we had access to the complete service we ended up break-even (November 2011). As this was such a short period of time we did decide to provide further coverage, see our Forex 121 Review in full.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 80 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Quite Trade FX by Aaron Clarke Review

2012-01-12T10:16:00.002Z

Quick Trade is a system which claims to take just 5 minutes a day to trade. It looks to take advantage of a simple human error every weekday at

07:00 GMT by trading false break-outs of the USDJPY Currency pair.

It is easy to set up, it's 100% mechanical and even beginners should have no problems picking it up.

After trading the system for a couple of months we ended up just better than break-even, based on 2% risk per trade.

The system is perhaps suited to those completely new to trading who wish to understand the basics of chart reading and order placement and management without, hopefully, losing too much cash in the process - Perhaps making a little!

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 80 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Wall Street Time Shift Trader

2011-11-08T20:18:00.002Z

This system is as simple as it comes. It is easy to set up and it is 100% mechanical. At least it becomes 100% mechanical once one makes a few simple decisions where some discretion applies.

We chose to trade the system, as recommended at 13:00 each day UK time and went for a 20 point stop and 30 point target (the most logical).

In our 1st month we made a 23% return based on 2% risk per trade. On the basis it takes less than 5 minutes a day once a day we decided that we would continue to monitor this system under our main review.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 80 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Forex Pip Taker Review

2011-11-08T20:14:00.003Z

Forex Pip Taker is a system which is used to trade 3 recommended currencies, GBPCHF, EURJPY and GBPJPY on the 4 hour chart. It is simple to set up and is about 95% mechanical.

Although we made a profit over the 3 currencies over 3 months the main drawback was having to be around every 4 hours to ensure entries were not missed.

It's a Clickbank product though and those with patience and a good alarm clock may find that it suits them, if it does not then the 60 Day Money Back Guarantee will be useful.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 80 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Blue Blade Trader Review

2011-10-31T16:50:00.003Z

Blue Blade Trader by Chris Hardcastle is a system which, it is recommended, is used primarily to trade USDJPY on the 1 hour chart.

The basis of the system is Ichimoku and it is sold on the basis that it takes about 20 minutes a day. This may be true but in reality we found that this meant 20 minutes a day over a 12 hour+ period every hour on the hour. We seen this as the only feasible way to trade the system. Although profitabel we do not feel the just better than break-even reward justified the effort.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 80 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Tunnel Trader Review John Piper

2011-10-07T06:37:00.002+01:00

Tunnel Trader is a product by John Piper, who requires no introduction, he is the man behind many Binary (Fixed odds) Trading systems and books.

This system is slightly different to John's usual approach in that it goes for lower risk lower return trades, the exception being the 20x Wall Street (bonus) system.

In our experience the systems were reasonably easy to operate but were a little hit and miss. We made a slight profit on one strategy and a slight loss on the other. If it was 10 minutes a day we may have persevered but the time commitment and low return meant we did not.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Trade The Banks Review

2011-10-07T06:25:00.002+01:00

Guy Cohen's Trade The Banks system is one which is largely used to trade US Stocks. The course is presented in over 8 hours of video content and it's content which is very well done and put together.

Core to the system is the online members area where the Trade Finder software (charting package) is accessed. This is where various filters can be applied and trades can be automatically searched for based on user specified criteria.

Although the filtering process sounds great in theory and we made a profit trading this system it was still due to the application of a great deal of discretion. This is explained in more detail under the full review.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

BK Forex Advisor Review

2011-10-07T06:16:00.002+01:00

This service is one which is run by two high profile industry specialists, Kathy Lien and Boris Schlossberg.

The service, $199 a month, offers 2 - 3 calls a week as well as Daily calendar calls. It's a simple service and is easy to operate and trade with signals coming at pretty much any time of the day (a bit of a downside, would be better if the times were more concentrated/specific in our opinion).

We did experience a profitable month with service so were able to confirm, in our experience, the results on the website were achievable. To conclude the review we then analysed all historic results and you can view these under our main review.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

100% FX Review

2011-10-07T06:09:00.004+01:00

A 30 minute video on this sales page for a system promising a 100%+ return per trade with a 65%+ chance of every trade winning. All for 5 minutes work on a Monday using a spreadsheet and BetOnMarkets, which means this is a Fixed Odds Trading product.

The manual, which seems a little excessive to start with, is actually well written and explains the system really well. Historic performance, to product launch, for 2011 is also provided based on 4 different Pricing points, 07:00, 09:00, 17:00 and 20:00. All were profitable.

When we used the system we have to admit it really is easy, especially if you have any previous experience of Fixed Odds trading. 15 minutes the first week and then it is a 5 minute a week job, Set & Forget.

At present we are just over break-even with this system but due to the minimal effort required we are keeping an eye on it.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Stock Market Sniper Review

2011-10-06T17:18:00.003+01:00

A new product from a new kid on the block, this is Rob Cornish's, an ex-city fund managers, first system.

Its quite a simple system where a check is made each morning on the VIX and also on some fundamentals. Trading is then performed on the FTSE, DOW or S&P to suit, on the 1 minute chart. Entry is based on Price action and a Moving average crossover.

We made a profit with this system over a 6 week period but the lower time-frame can be quite intensive and "scalping" is not really what we believe trading should be all about.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Four Hour Trader Review

2011-10-06T17:12:00.004+01:00

Four Hour Trader is a system produced by John Campbell. It can be used to trade various instruments such as EURUSD, Gold, the DOW and Oil. As the name suggests it is only traded on the 4 hour time-frame.

For review purposes we only traded EURUSD, Gold and the DOW as we were asked for an extra $49 for the Oil product.

We had mixed results over a 3 month period with the EURUSD and Gold returning a small but positive monthly return and the DOW outperforming both. The main drawback we encountered was missing over 30% of the trades because we were asleep on the close of two of the 4 hour candles.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

T-Desk Review

2011-07-19T19:08:00.003+01:00

T-Desk is a Signal Service and the main focus is Forex with commodities such as Oil and Gold also being provided. We traded the EURUSD “channel” for review purposes.

The service itself is based on sending trading signals via email with clear instructions which are traded at the current market price. The fact that signals can be issued at any time of the day Monday to Friday means that the latter is the biggest issue. We had to sleep and just could not physically place all the trades and we fear that no-one else would be able to either.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Forex Renewal Review

2011-07-19T19:01:00.001+01:00

Forex Renewal is a Forex Trading system which has claims to have a win rate of 99%+ on its website. The system can be used to trade different opening market sessions such as the New York and London. It costs less than 100 USD but it does not come with any Money Back Guarantee.

Set up of the system is simple, the Stop and Target are both 100% mechanical with the latter being a fixed 20 PIPs. Entry is based on 3 MA’s, a Daily Trend line and Price action. Other discretionary items such as Fibonacci and Higher timeframe analysis do mean that the Entry is not as clear cut as the Stop and Target. This is the most complex aspect of this system, using the 80% mechanical Entry criteria across 6 Currency pairs at the same time to determine the “best one”.

We did no hit anywhere near the 99%+ success rate but we did end up with a small 2% return or so each month for 3 months based on 2% risk per trade.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Daily Cash System Review - Hugo Lawrence

2011-07-19T18:55:00.003+01:00

Daily Cash is a system produced by Hugo Lawrence, it costs £495 and is backed by Agora.

The system comes in the form of 2 DVDs and a 100 page manual. Four indicators are used (one is IG Index specific so it means IG Index must also be used) and DOW and GBPUSD are focused on. The 15 minute timeframe is the anchor chart, Stop and Entry are 100% mechanical as they are both fixed, 20 and 10 respectively. The Entry criteria does, we feel, let this system down as it is just way too discretionary.

Beginners would struggle with this system or at least the majority of them would.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Systems For Traders - June 2011 Update

2011-07-19T18:51:00.001+01:00

Hi,

Welcome to the Systems For Traders June 2011 Update.

Reviews

Three new reviews to report this month, two Trading systems, The Daily Cash System by Hugo Lawrence and Forex Renewal together with a review of the T-Desk Signal service.

Systems/Services We Use Performance

Another negative month for Forex Morning Trade means we are down to an average +1% a month yield this year, to date.

1 Minute Daily - We still remain in the same situation as the beginning of the year and await the time when our "growth" fund starts to grow, both pairs were negative this month.

We do not trade in July and August but we will do our best to keep a record of Systems / Services We Use and will also be continuing with our reviews.

Performance Updates

Our Journals for "Systems/Services We Use" as well as the original reviews for those systems/services we are continuing to monitor post-review have been updated for the current month.

Other Bits And Pieces

Donate A PIP - We are just £210 off raising £1,000 for Cancer Research UK. We welcome all donations no matter how big or small and thank you in advance as we try and push to our target which equates to just 20p per member.

July's Monthly Economic Calendar is now available.

Lastly, do please use our Voting system, available for every review, your opinion is useful and appreciated.

Regards,

ReviewTeam - www.systemsfortraders.com

Systems For Traders - May 2011 Update

2011-06-04T18:51:00.004+01:00

Hi,

Welcome to the Systems For Traders May 2011 Update.

Reviews

Five new reviews to report this month. Two, we mentioned in a previous email, Forex U-Turn and Assaxin 8 are joined by a review of FX 180 and the FTSE 100 Club Signal service, the latter we are continuing to monitor. In addition we have provided an update on the new Piptastic service which has changed significantly since our original review.

Systems/Services We Use Performance

Another negative month for Forex Morning Trade, down -2% but still averaging +3% per month since we added it to our Systems We Use list. Strangely the vendor reported a positive result this month - We stand by our results, as traded on Smart Live Markets.

1 Minute Daily - A reversal of fortunes from last month with GBPUSD returning +28% and USDJPY suffering a -23% draw-down. The net effect - Our "growth" fund is still yet to grow.

Performance Updates

Our Journals for "Systems/Services We Use" as well as the original reviews for those systems/services we are continuing to monitor post-review have been updated for the current month.

Other Bits & Pieces

Post of the month this month goes to Sarniacherie for her dedication to the 3 Ducks 1 On 1 strategy - Sarniacherie 3 Ducks 1 On 1 Results Year To Date 2011, we thank you for your participation in the Trading room and for providing your monthly updates on performance under the main review.

Donate A PIP - We are now 79% of the way to raising £1,000 for Cancer Research UK. Once we hit this target our next charity will be chosen by BookWorm, we welcome all donations no matter how big or small and thank you in advance.

Finally, do please use our Voting system, available for every review, your opinion is useful and appreciated.

Regards,

ReviewTeam - www.systemsfortraders.com

FTSE 100 Club Review

2011-06-04T18:42:00.003+01:00

The FTSE 100 Club is in fact two Signal services, a FTSE Signal service and a Forex signal service. Both operate pretty much the same but are reported separately. Signal delivery is by SMS only with Entry and Exit being at current market price. It does mean that you need to be able to react quickly to all signals to emulate the results published on the website. Nowadays though this is not so much of an issue as most of the more common brokers now offer a mobile trading platform. Based on 2 months access we made an average +10% a month across both services based on 2% risk per trade, this more or less the same as they reported on their website for the same period.

We are continuing to monitor this service which can be trialled for just £10 during the month of June, see our main review for details.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

FX 180 Review (Keith Cotterill)

2011-06-04T18:40:00.001+01:00

Keith Cotterill is name familiar to many of us, and this is his latest product, a Forex Trading system which is used to exclusively trade Cable. It is recommended to trade the system between 6am and 11am or 1pm and 4pm, the UK and US Forex opening sessions respectively. This system is quite mechanical, it relies on Price action, a Stochastic indicator and a Moving average.

We traded this system as per the manual during the UK Forex opening session (6am – 11am) for 3 months. We made 31 trades and an average monthly profit of +3.22% based on 2% risk per trade. With just 10 trades a month though it did mean some days (for 5 hours) we sat at our trading screen and made no trades, frustrating!

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Forex U-Turn Review - Jason Sweezey

2011-05-12T12:30:00.001+01:00

This is a Forex Trading system produced by Jason Sweezey, who also produced the 4x Pip Snager system - This is a link to our 4x PIP Snager Review.

Forex U-Turn is a system which Jason provides updates for based on trading two Currency pairs, the EUR/USD and GBP/USD, on 1 hour charts. The system needs MT4 as a custom template and indicators are provided. Then, after spotting specific Price action a trade is entered based on the custom indicator and two Moving averages. Some observation of recent Support and Resistance is also required to determine a valid entry.

During March and April 2011 we used this system as above from 07:00 – 22:00 UK time and made a net return of around 7% per month based on 2% risk per trade.

A lot of screen time but maybe worth it for those with time and dedication.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 70 others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Binary Options Xposed Review

2011-05-06T07:27:00.002+01:00

Assaxin 8 from Binary Options Xposed is a Binary Options Trading system. It promises a 98% strike rate and the chance to earn $20,000 a month once you have learnt the formula for success.

This system is explained over 2 hours of video content. To operate the strategy you will need a Binary Options account and a Charting package which provides data for popular US stocks such as Google, Microsoft and Apple.

The problem with this strategy though is that the definition of Entry criteria is way too vague. Even after watching the videos twice it was still not clear how to trade this strategy. We did some quick sums and determined that the $20,000 (200% return on capital) per month claim made on the website is, to say the least, highly improbable.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

FX Radar Review

2011-05-02T20:57:00.003+01:00

The operators of the FX Radar Signal service provide Free access to their signals by email until a return of 200 PIPs is achieved. After this they charge $199 a month for access. This does come with a - If you don't make 100 PIPs in any month guarantee the next months signals will not be charged for.

6 currencies are traded (but strangely we have actually received a signal for NZDJPY which is not one of the six) and signals are received between 23:00 and 02:00 UK time.

Since we been using the Free trial, since the 17th March 2011 the nearest we got to the 200 PIPs was a when we were up +162 PIPs. We have since seen a drawdown to -330 PIPs from which we recovered to now be Break-even, at the time of publishing our review.

FX Radar aim to return 300 – 500 PIPs a month with their service, we have yet to achieve the lower end of this target in over 6 weeks of access. We continue to monitor this service until we hit the 200 PIPs.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Forex Trade Alert (Tom Tragett) Review

2011-05-02T20:44:00.003+01:00

A Forex Signal service provided by Tom Tragett which and we have decided to publish based on a full years access. The objective of the service is not to make you a millionaire overnight or provide daydream returns of 500%, the target is a 40% - 50% return each year.

Just after we started using this service Tom announced a 46% profit for the previous 12 months, that was back in March 2010. We have traded the signals since April 2010 to March 2011 and over that period we made just 6%, quite a contrast.

This service does, unlike many others, provide full details of why Tom has taken a position. He also provides his fundamental and technical view of the markets each day. Agreed, this is added value but at the end of the day it will be the performance upon which the service is judged.

The service is also FSA regulated.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Fixed Odds Profits Review

2011-05-02T20:23:00.004+01:00

Chris and Graeme Nash, owners of the Citybeaters Fixed Odds Signal service are the guys behind this system, actually it's more like a self learn course than simply a Trading system.

Ten DVDs containing over 15 hours of material are the main feature of this course. A manual and MT4 templates and indicators are also provided to assist the learning process. The course itself although Fixed Odds specific, also provides a very good introduction and overview of trading in general. 10 different strategies make this system a detailed and complete product which can be traded across 13 different currencies on BetOnMarkets.

However, the strategies are somewhat complex with many considerations; Multiple Time Frame, 4 Moving averages, 2 sets of Bollinger bands, 2 oscillators, Fibonacci, Pivots points, to name some.

The main drawback however is that all entries are based on divergence, a subject which involves a degree of discretion. This course will appeal mainly to those already involved in Fixed Odds trading wishing to extend their options and also to existing traders looking to get into Fixed Odds trading.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Day Trade Forex (Breakout Simple System) Review

2011-05-02T20:09:00.003+01:00

This Forex trading system is documented in a 32 page manual delivered via PDF.

Also provided are MT4 templates and indicators which are specific to the Day Trade Forex system. Set up is quite difficult as there are quite a lot of indicators involved. The underlying logic is to trade with the trend when the indicators lineup on the lower timeframe.

This system can used on any Forex pair, although 3 popular pairs are recommended. Trading the UK and/or US Forex sessions is also recommended.

The primary issue with this system is that it's very complex. It will only be of real interest to those that like proprietary indicators and lots of confirmation before taking a trade.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Systems For Traders - April 2011 Update

2011-05-02T20:07:00.002+01:00

Hi,

Welcome to the Systems For Traders April 2011 Update.

Reviews

Four new reviews to report this month. Two, we mentioned in a previous email, Day Trade Forex and Forex Trade Alert (Tom Tragett) are joined by a review of the Fixed Odds Profits System/Course and the FX Radar Signal service.

Systems/Services We Use Performance

A poor month for Forex Morning Trade, down -6% but still averaging +4% per month since we added it to our Systems We Use list.

1 Minute Daily really was a mixed bag, a terrible perfromance for GBPUSD (-34%) was compensated for by a +31% return for USDJPY. Remember, we use this system for "growth" not income (although growth is a generous word to apply at this stage).

Performance Updates

Our Journals for "Systems/Services We Use" as well as the original reviews for those systems/services we are continuing to monitor post-review have been updated for the current month.

Other Bits & Pieces

More_Coffee comes out top again for his detailed reply to "Is It Possible To Make Money Day Trading Long Term", we thank you for taking the time to "put pen to paper".

One new book review has been added, by BookWorm - Trading systems: A new approach to system development and portfolio opimisation, by Urban Jaekle & Emilio Tomasini - Trading Book Reviews.

Donate A PIP - We are now 76% of the way to raising £1,000 for Cancer Research UK. Once we hit this target our next charity will be chosen by BookWorm, we welcome all donations no matter how big or small and thank you in advance.

Finally, do please use our Voting system, available for every review, your opinion is useful and appreciated.

Regards,

ReviewTeam - www.systemsfortraders.com

The Boss Trading Method Review

2011-04-05T13:35:00.000+01:00

This strategy is used to trade GBPUSD only on the 5 minute timeframe.

The Boss Trading Method is a follow up to the Boss Wins method, also included with this strategy.

Set up is simple, 3 industry standard indicators. One can trade just 7am – 8am UK time or all day “for bigger gains”.

In February and March we traded just the one hour each morning and ended up just over 3% for the period (based on 2% risk per trade).

We are aware that the (reported) gains are much higher if traded 7am – 3pm and for this reason we have committed to this in April and May. As always, our progress will be reported on the website.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Quickie Trader (Louise Woof) Review

2011-04-05T13:34:00.000+01:00

A DOW based strategy that is traded at 3pm and/or 8pm UK time.

The manual is very well written and in terms of Entry, Stop and Target, beginners will have no trouble at all picking up and understanding this strategy. However, as this is the DOW and is a kind of scalping method “newbies” may well struggle with the active trade management and this often swiftly moving instrument.

The performance we witnessed in March may not have been typical of this system, we came out slightly down for the month.

Our opinion is however that the system would be best suited to a wider Stop than that advised, we just got chopped out of too many trades too “quickie”ly and easily.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

EOD Trading Signals Review

2011-04-05T13:28:00.001+01:00

Our second Fixed Odds Signal service review this month (March 2011).

A similar service to Matt Shaws (Fixed Odds Success) only this one has specific Signal times, 11:00, 15:00 and 23:00, which is handy.

The returns per trade with this service are also slightly higher, on average, around 40% but this is offset by a longer average holding period of around 14 days. Once again, due to the nature of the popular Fixed Odds bet (No touch) this service underperformed during the volatile markets caused by the recent uprisings and earthquakes.

With a reasonable track record and all historic results posted on their website, this is also a service we will be providing a 6 month view on. Again, this is in the hope we see a more stable world and thus markets and performance.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Fixed Odds Success (Matt Shaw) Review

2011-04-05T13:26:00.001+01:00

This is Matt Shaw’s (Mr Fixed Odds Trader) Signal service.

Matt is probably one of the longest (if not the longest) serving Fixed Odds traders we are aware of.

His service provides Fixed Odds signals for Indices and Forex with typical returns of 30%+. Average duration is about 5 days and once placed trades are Set & Forget.

After an excellent start to the year (January was +15%) the service suffered mainly due to unexpected world events. Amends were made in March and we will continue to monitor and report back at the end of H1 2011 with a 6 month synopsis.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Black Dogs Forex Review

2011-04-05T13:23:00.001+01:00

A strategy that has been around for quite some time now.

It uses the "Black dogs" (Up/Down arrows on an Meta Trader 4 chart) in combination with a series of other indicators for Trade entry. For Stop setting, Target setting and Trade management there are a number of options.

As well as the standard Black Dogs system there are 3 alternative strategies. There is a huge amount of information provided on the dedicated Black Dogs forum in relation to the various options. So much so it took us quite some time to come up with an approach we were happy with.

Our results were disappointing, however the approach we applied was probably not one anyone else would ever use, with the various amount of options it's a case of choosing what you believe will work for you. That said we are led to believe there are many people successfully trading this system and with perseverance this is of course possible.

There is an excellent support infrastructure around this product offering excellent help but for us, just too much information and too many options.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Secret Forex Trader Review

2011-04-05T13:21:00.002+01:00

This is a strategy we have had on review for a while and in actual fact it's a little different this one.

It's a set of DVD's and a Signal service. The DVD's (10 of them) are in our opinion a sound introduction for those new to Forex and Technical analysis. At a cost of £1,000+ though one has to weigh up the fast track convenience factor versus trawling the internet for similar material.

The Signal service ("zonal alerts") is also included. It is advised to use the material taught in the DVD's to apply your own analysis to the "zonal" alerts. We traded them "as is" and still made an average 4% a month over a four month period (October 2010 - January 2011).

We are told that changes are afoot here.

The Secret Forex Trader team are looking to release a "teach all" method (FX Evolution) which will mean with the newly acquired knowledge the trader will not require the Signal service. We continue to monitor the signals and the FX Evolution launch in the coming months.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Newsnight Trader Review

2011-04-05T13:15:00.004+01:00

A new strategy, released at the end of 2010.

This is Richard Hill's follow up to the hugely popular Forex Net Trap system. This time we are liking it more. It is much more mechanical and requires just 10 minutes each evening around 10pm. Check for a simple set up, enter/amend your trades accordingly and walk away until the following evening.

January got off to a flying start and we made +700 PIPs. This is based on a 280 PIP stop, so at 5% risk per trade (as suggested in the manual), it's an impressive +12.5% return for little effort at all.

We have since had a losing trade but nonetheless we will continue to monitor this for the next couple of months and of course, provide updates along the way.

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and many others.

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.

ReviewTeam

http://www.systemsfortraders.com/

Systems For Traders - March 2011 Update

2011-04-05T13:12:00.001+01:00

Hi,

Welcome to the Systems For Traders March 2011 Update.

Reviews

Four new reviews to report this month. Two Trading system reviews, Boss Trading Method and Louise Woof's Quickie Trader. In addition, a bit of a Fixed Odds Signal service bonanza with Matt Shaw's Fixed Odds Success and the EOD Trading Signals reviews being posted.

Systems/Services We Use Performance

Another great month for Forex Morning Trade, +11% to add to the +15% profit from last month, currently +23% Year To Date for 2011.

1 Minute Daily made up a lot of the ground lost last month with GBPUSD returning +15% and USDJPY returning +21.5%. Remember, we use this system for "growth" not income and these swings are not unusual - USDJPY is yet to return to profit to far this year but overall we are up as GBPUSD continues to outperform at present.

Performance Updates

Performance for "Systems/Services We Use" as well as those systems/services we are continuing to monitor post-review have been updated for the current month.

Links, as always, can be found on the left hand side of this email. At present we intend to continue monitoring all of these.

Post Of The Month (NEW Book Reviews Section)

This is more of a - New section of the month award this time - It of course goes to BookWorm whose new Trading Book Reviews section is, we believe, excellent. Do check out the first 5 reviews, Japanese Candlestick Charting Techniques, Pring On Price Patterns, Market Wizards, Reminiscences Of A Stock Operator and Trading In The Zone.

BookWorm, we are not only thankful for the reviews but also for the agreement that any purchases made through our Global Investors BookShop will be donated directly to our current Donate A PIP charity.

Donate A PIP

Our Donate A PIP campaign is still open. Do you trade at £1 a PIP, £5 or even £10 a PIP? Has Systems For Traders ever saved you the cost of a PIP? We welcome any contribution to our chosen chartity for this season - Cancer Research UK - You can Donate A PIP here - At present we are 75% of the way to our £1,000 target and we are grateful to those of you that have already contributed.

As always, we thank you for your continued support and welcome your comments in the forum because that's the way it becomes more useful to all of us.

Regards,

ReviewTeam - www.systemsfortraders.com

Systems For Traders - February 2011 Update

2011-04-05T13:10:00.001+01:00

Hi,

Welcome to the Systems For Traders February 2011 Update.

The update is a little late as we were waiting for a couple of February results to come in and we had to change our Email client this week. The latter meant we didn't hit our self imposed four new reviews a month target. We hope to make up for this in March.

Reviews

Three new reviews to report this month. Two Trading system reviews have been completed, AutoFocus FX and DMC Forex as well as the Mark Austin FTSE Signal service review.

Links, as always, can be found on the left hand side of this email.

Systems/Services We Use Performance

After a negative return in January (-3%) Forex Morning Trade made a 15% profit this month.

1 Minute Daily made a -22% loss on GBPUSD and a -7% loss on USDJPY in January. This month the drawdown continues, a -2% loss on GBPUSD and a -9% loss on USDJPY. Historically we know these drawdowns can occur and that's why we use this system for "growth" not income. This is one of the lows so hopefully we can report a correction from here next month.

Performance Updates

Performance for "Systems/Services We Use" as well as those systems/services we are continuing to monitor post-review have been updated for the current month.

Links, as always, can be found on the left hand side of this email. At present we intend to continue monitoring all of these with the exception of Fix The Markets.

Post Of The Month

Goes again to more_coffee, we thank you for taking so much time to put pen to paper in relation to Trading System Development. Others will find it of interest for sure and may contribute to the subject - The link is here.

(Suppose that's another drink on us when we get round to organising the SFT get together - Surely someone else can beat him this month)

Donate A PIP

Our Donate A PIP campaign is still open. Do you trade at £1 a PIP, £5 or even £10 a PIP? Has Systems For Traders ever saved you the cost of a PIP? We welcome any contribution to our chosen chartity for this season - Cancer Research UK - You can Donate A PIP here - At present we are 38% of the way to our £1,000 target and we are grateful to those of you that have already contributed.

As always, we thank you for your continued support and welcome your comments in the forum because that's the way it becomes more useful to all of us.

Regards,

ReviewTeam - www.systemsfortraders.com

Daily Index Trader Review - Summary

2010-12-01T18:31:00.004Z

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.

Click on Daily Index Trader Review to read our complete review and our members comments or click here to try Daily Index Trader free for 45 days.

We welcome everyone to read and comment on all our Forex Trading System Reviews.

ReviewTeam - www.systemsfortraders.com

Systems For Traders - November 2010 Update

2010-12-01T18:29:00.000Z

November 2010

All,

Welcome to the Systems For Traders November 2010 update.

Reviews:

Four new reviews were posted this month, one we already dropped a note out on a couple of weeks ago, Jamie Marsdens Forex Morning Strategy. This is a Forex "scalping method" operated around 07:30 UK time. We have also just published our review of the Daily Index Trader system, a Set & Forget (index based) pairs trading strategy.

Signal service wise we have two, Winning DOW Signals and Forex Daily Trading, both of which have aspects of interest and we will be monitoring these two for another month.

As always, links can be found on the left hand side of this email and we welcome your input.

Although we do not not trade in December we will continue with reviews where those systems/services do not discourage December trading. With this in mind we still hope to complete another 3 or 4 reviews this year.

Performance: A positive month (and year) - just:

- London Forex Open -7.5%
- DOW Letter +8.5%

That's a +1% return for the month. It means our 2010 performance table is now complete as we don't trade in December. After being well in profit in the first half of the year we ended up with a rather dismal net +10% profit for our "Systems/Services We Use". Our journals, see left hand side and our Consolidated Monthly Performance page have been updated to reflect these results.

As it's the end of the year we will be reviewing our "Systems/Services We Use" list and of course issuing any update should we change anything.

Reviews Updated: The FX Friday, Forex Morning Trade and 1 Minute Daily reviews have also been updated to reflect recent trading. Note: 1 Minute Daily has made another impressive profit this month to finally restore us to positive territory again on our "growth fund".

Trading Rooms: We now have 7 active trading rooms and welcome participation from all who own these systems, the link is here.

Thanks again for your continued support.

Regards,

ReviewTeam - www.systemsfortraders.com

Sponsored Link

Forex Morning Trade Review

2010-11-13T19:16:00.004Z

This is a Forex Trading which trades GBPUSD and it trades it very early in the morning, 6:30 UK Local time. A customised MT4 indicator does all the work here, at 06:30 it provides all the information necessary to trade. The Entry, Stop and Target are clearly displayed so it's a case of executing your trade at market and then entering the Stop and Target as per the display. If there is no trade, this is clearly displayed so you can go back to bed. Only caveat that makes this not Set & Forget is that the Stop is moved to break-even when in profit by 24 pips. This is not an issue if your broker provides such a function but it will be if it does not. Performance wise we are up 14% over a 9 week period assuming a 2% risk per trade and historic results also look impressive.

A simply to operate system which we will be keeping our eye on and may even consider adding it to our Systems We Use list, you can try it free for 30 days here.

Please visit our Forex Trading Systems Review Site to read our full review of this system and many other Trading systems and services. We also have a free Real-time trading room for Forex Morning trade on our website.

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.

ReviewTeam

http://www.systemsfortraders.com/

8am Trader System Review

2010-11-13T19:01:00.002Z

This is the most recent eat your cornflakes, press a few buttons, make money before you go to work trading systems. It is a Set & Forget strategy and trades the FTSE and DOW, go Long one and Short the other at a specific time each morning. The systems manual is quite well written and the trading information in terms of the actual Entry to use and the Stop loss to use is extremely clear. However, the Exit criteria is not, it is way too ambiguous. There were another of issues with system and unlike us we didn't even actually trade it. So we do not have a full review and you can read our reasons in more detail at our Forex Trading Systems Review Site.

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.

ReviewTeam

http://www.systemsfortraders.com/

Make Money On FX Signal Service Review

2010-11-13T18:44:00.002Z

This is a Signal service with a bit of a twist. The Make Money On FX is an End Of Day Signal service which usually issues a signal around 10pm UK Local time. It trades up to twenty five different currency pairs although typically only has 2 - 4 open positions at any one time. Signals are pretty standard, they are clear and easy to place orders from, Entry price, Target, Stop and Long/Short. May and June were quite impressive, performance wise and there was no service in July and August, the vendor takes a holiday. When we used the service in September and October we failed to make a profit so this service really needs to get back to pre-holiday performance to start to impress.

So, here's the twist. This is not just a Signal service, when subscribing to this service you also get access to a Live Trading room. This is held Monday to Friday between 6:15 and 9:00 London time. An overview of what the vendor will be on the lookout for is given at shortly before 6:30 when the actual action starts. Only two pairs are traded at present, the EURUSD and GBPUSD. Setups are pointed out quite well in advance so it means that it is relatively easy to get in on the same trades as the vendor. Again though, during September and October when we had access we failed to make a profit. Similar to the Signal service, returns to previous performance levels are needed for this to make the time commitment worthwhile. This service is available though on a 1 month no obligation free trial which is nice for those that wish to "dip their toe", the link is here.

Please visit our Forex Trading Systems Review Site 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.

ReviewTeam

http://www.systemsfortraders.com/

Magic Breakout Forex Trading System

2010-11-13T18:28:00.006Z

Another Trading system from Tim Trush and Julie Larvin, the two people that brought us the 1 Minute Daily Trading system which we have previously reviewed. This system focuses on GBPUSD and trades the 30 minute time-frame, this is similar to the 1 Minute Break-Out system. The system is Free if you wish to manually trade the signals you can get it here, the paid for version costs $87. With this you get a customised MT4 indicator which makes Entry 100% mechanical (you don't have to watch the other 4 industry standard indicators) and you also get details on the Advanced Exit strategy. Stops and Targets are also mechanical for this system. The main issue with the Magic Break-Out system is that, although the indicator can be set to be audible and visual, it can be signalled at any time of the day. We made a slight loss on this system over 8 weeks and we also found it was just too big an ask to be around 24/7 to react to the entry signals.

Please visit our Forex Trading Systems Review Site 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.

ReviewTeam

http://www.systemsfortraders.com/

FX Childsplay Trading System Review

2010-09-27T17:10:00.001+01:00

FX Childsplay claims "Don't waste another minute on Forex Trading Systems that just don't work! This system truly blows the rest away".

The system "uses 3 EMAs" and a "custom made FX Childsplay indicator". It has "easily identifiable entry and exit signals with predefined exit points leaving you nothing more to do than watch the profits roll in".

The system "suits both the day traders and traders who have very little time", it can be traded on all time frames "from 5 minute chart to weekly chart". Those with a "9 to 5 job need to spend at least 10 minutes a day. Maybe 5 minutes in the morning and 5 minutes in the evening. Simple".

The provider provides his email address with the promise "I am always ready to answer all your questions" and "I will go out of my way so you fully absorb and apply my system into your own trading in order for you to make the best out of it",

The entire strategy is set out over about a dozen videos, no manual, takes about 2 hours to go through them.

It says to use two time-frames is simple, 15 minute with 1 hour, 1 hour with 4 hour, etc. but does not recommend which instruments to trade to achieve the results advertised on the website.
So, we contacted support to ask - After 13 days and 3 attempts at establishing contact we decided to give up and not continue our review. A rare event but in this case we feel justified.

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.

4x Pip Snager Review

2010-09-21T16:22:00.004+01:00

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.

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.

August 2010 Update

2010-09-08T16:54:00.000+01:00

All,

This is the August 2010 update in which we have to report a disastrous months trading in terms of Systems/Services We Use, more on that below.

Reviews: There were two new reviews posted earlier in the month, both BetOnMarkets based. In case you missed the email, they were the Ten Minute Trader and FX Friday, links to both can be found on the left. Today the review for the PositiveFX (Positive Forex) Signal service was posted, again the link can be found on the left.

Performance: As mentioned above, a terrible -28% this month for Systems/Service We Use, our worst ever trading month (we said this in July - if we have to say it again in September .....).

Anyway, results as follows:

- London Forex Open -13%
- DOW Letter -15%

The journals, see left hand side and our Consolidated Monthly Performance page have been updated.

Reviews Updated: The G-Code review and the Net Trap review have both been updated to reflect August trading and our conclusions on both of these systems.

Trading Rooms: A new password protected Net Trap Trading Room has now been created. This means the Net Trap system, it's working's and alternate approaches can be freely discussed. The password - "Is the time (in the format 1:23) Richard recommends to get up - See point 1 under 10 Point Summary of What To Do in the manual, page 3 in ours" - Here is the link to the password protected rooms.

So, a terrible trading month, the nature of the beast. We do not go out drinking champagne and buying all the caviar we can eat when things go great, so we will not try and let this recent run of losses send us to the bottom of a gin glass!

Thanks for your continued support and contributions.

Best wishes,

ReviewTeam - www.systemsfortraders.com

Would You Like To Help Other Members?

2010-08-02T09:14:00.000+01:00

All,

During July we have spent some time putting together a detailed list of Spread Betting Brokers and where we have experience of a specific broker we have added comment.

You can help other members by having a look through the list and adding your own comments where you have experience of a specific broker. This way, by sharing your views, we can make the new forum more informative. To compliment the new forum we have also written aChoosing A Spread Betting Broker article - It may be of interest to some, as always, we welcome comments.

Lastly, we have put together a list of the Top 5 Spread Betting Broker offers we could find.

We know your input will take a little of your spare time but please do participate as this is the best way to make the new forum interesting and more importantly, of any use - Our view alone does not make it useful.

Thanks in advance (monthly update will be out in the next 48 hours),

ReviewTeam - www.systemsfortraders.com

FX Friday Lee Moore

2010-07-29T23:17:00.004+01:00

We have bought this system and we will soon be opening a free Live Trading room - http://www.systemsfortraders.com/our-up-date-request-list-ask-us-forum/50167-fx-friday-lee-moore.html - Sign up for free and we will let you know when the Trading room is open.

ReviewTeam

http://www.systemsfortraders.com/

G-Code By Steve Copan S&P Trading System

2010-07-12T08:57:00.003+01:00

This system headlines with “Once you know this code, you’ll hardly ever need to trade again”. The system could reward you with “£35,000 - £40,000 a year in your spare time, by tapping a few keys two or three times a month”. The website also states that “No novices, no dreamers and no halfwits” allowed.
The manual covers the bar charts, Fibonacci retracements/extensions (the basis of the G-Code system) as well as Stochastics. These are all discussed at just the right level to set the tone for the two strategies that make up the G-Code system itself.

The strategies may seem complicated and daunting to some. However, as Steve suggests, some time commitment is needed here, he suggests 30 hours but we doubt it requires that long. All in all about 3 or 4 hours should suffice to run through the manual a couple of times (maybe three), print off the summary sheets and flick through some charts looking for the signals. A few notes of our own and we were satisfied we had a reasonable grasp of both strategies.

Both strategies are 100% mechanical, Set & Forget and are operated at the same time, once a day on the S and P Daily time-frame. Entries, Stops and Targets are crystal clear and a couple of minutes each day is all we needed. We placed our trades around lunchtime (UK), plenty of time before the S and P market opens. Straight forward once you have a grasp of the strategies.

Between March – May 2010 (backtest) and real-time trading in June we made a reasonable profit using both strategies.

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.

Systems For Traders - June Update

2010-07-12T08:04:00.002+01:00

June 2010 Update

All,

Two new reviews to report since our last email, 1 Minute Daily and G-Code (Golden Ratio). Additionally, if you missed the previous email, the Tenkei Trading Techniques review has also been completed and posted.

The Forex Net Trap review, a potential for our Systems We Use list, has been updated with June's results.

Performance wise for "Systems/Services We Use", our worst month's trading this year (we made a small loss), we had our best month of the year last month!

- Sniper Forex, +1.5%
- London Forex Open, Our first ever losing month for this system, -3.5%
- DOW Letter, Two winners and a loser for as net +1%

So, as mentioned above, our worst (and only losing) trading month this year, a net loss of 1%. The London Forex Open and DOW Letter journals have been updated on the website.

As part of our bi-annual review we have decided to remove Sniper Forex from our Systems We Use list, you can find our final post here.

The "Trading Rooms" continue to be popular and we have recently added 1 Minute Daily there too. Once again we thank those participating and openly invite all other members - the more the merrier!

Do remember to pick up our Free Trade sizer if you haven't already done so. Details can be found here - we appreciate any feedback for improvements, etc.

Thanks again to all that have contributed to all of the forums, without your input the site would not be the resource it is.

Best wishes,

ReviewTeam - www.systemsfortraders.com

1 Minute Daily Forex Trading Strategy

2010-07-12T07:44:00.003+01:00

The 1 Minute Daily manual is quite well written, it’s only 41 pages but plenty sufficient to get the strategy across. It opens with a little bit about trading (and strategies), it then discusses breakouts before describing how to install the indicators and place orders. The installation (of the indicators) and placement of orders should be plain sailing for those with experience of MetaTrader 4, those without will obviously have a slight learning curve.

It really does seem like a minute each morning (09:00 for GBPUSD) 100% mechanical strategy, place two orders, one Long and one Short. The only requirement after this is to be around to cancel the opposing order, if/when the first order triggered hits it’s profit level. This check doesn’t need to be done any more than every few hours as the difference between the target and opposing order entry level is usually quite significant.

Our back-tested results for April and May matched those reported and we also had a positive June, which we traded on a real account, see below:

GBPUSD

• April 2010 – 14 trades, 9 (+40.5%) winners and 5 (-25%) losers = +15.5%
• May 2010 – 18 trades, 9 (+40.5%) winners and 9 losers (-45%) = -4.5%
• June 2010 – 22 trades, 13 (+58.5%) winners and 9 losers (-45%) = +13.5%
Net gain of 24.5%.

USDJPY
• April 2010 – 13 trades, 7 (31.5%) winners and 6 losers (-30%) = +1.5%
• May 2010 – 13 trades, 5 (22.5%) winners and 8 losers (-40) = -17.5%
• June 2010 – 14 trades, 9 (40.5%) winners and 5 losers (-25%) = +15.5%
Net loss of 0.5%.

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.

Tenkei Trading Techniques Forex Trading System Review

2010-07-12T07:30:00.003+01:00

The aim of the Tenkei Trading Techniques System is to make just 10 points a day between 7:00am and 9:00am or 7:00pm and 9:00pm, thus at £5 per point, make £250 a week or over £1,000 a month”.

The manual provided details the strategy which is quite well presented with working examples, etc. Entry is based on two criteria being met, the first on the 1 minute chart, the second on the 3 minute chart. Supporting price action then confirms entry.

There is a degree of discretion for entry, one of two rules are generally applied, a break above the high/low of the trade confirmation candle or 5 or 10 points above the Moving Average crossover. The former was more generally applicable in the Daily updates although occasionally it was the latter. Some trades were entered without reference to the 3 minute time-frame and some, purely on the direction of the Moving Averages, further discretion.

There is potential here for some (who like lower time-frames) to use this as a “scalping” rule base.

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.

Forex Backlash Trading System Review

2010-05-07T16:44:00.004+01:00

Stephen Lee Jones, a “Seven figure professional Forex trader exposes his $7317 a week 100% mechanical, automated ‘fool-proof’ trading plan proven to generate profitable winning trades on autopilot in only a few minutes a week”, “the perfect system developed for 9-5 ‘ers to effortlessly secure a ‘set-and-forget’ second income”.

The 57 page manual comes in quite a nice Powerpoint kind of style which is pleasing to the eye. The system operates around a Bar chart, an SMA, Guppy Count Back Lines and some basic Gann methodology. A little complicated at first but soon becomes clear.

As this is a system that can be quite easily back-tested we back-tested the Daily charts on USD/CHF, USD/JPY, GBP/USD and EUR/USD. Across all pairs we estimated a year to date profit of around 350 pips or about 3% risking 2% of account balance per trade.

Market timing would be crucial when starting to use this system, a choppy market could be painful, especially if encountered straight away.

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.

Net Trap Forex Trading System Review

2010-05-07T15:07:00.004+01:00

This is a system provided by Richard Hill who is a “quiet fisherman” who has exposed “his secret to stress free Forex profits, swapping the trading floor for a fishing net”. The system trades GBP/USD once a day at 06:30 UK Local time and takes less than 10 minutes each morning. The manual is well written with one page in particular defining the bulk of the system, the remainder being mainly for beginners and those wanting to know a little more about the guts of the system. It details what the strategy is about and goes into quite some detail about opening a Spread betting account, placing orders, stops, targets etc.

Net Trap is an easy system to set up on any trading platform and we traded the system in real-time from the end of March to the end of April, 5 weeks. Entry is 100% mechanical as is the Stop and Target, fixed at 30 and 50 respectively.

We also back-tested all of February and March. Results were February +51 pips, circa +3.5%, March +124 pips, circa +8% and April (which was all traded in real-time) showed a net profit of +34 pips, circa +2%. This is the kind of system we like, it ticks a lot of our boxes, which many of you are now familiar with. The timing suits us, it is 100% mechanical (especially if you translate the rules into an indicator), it’s almost effortless and has also proven profitable (albeit over a short period of time).

We will be continuing to trade this system in real-time with the potential view of adding it to our Systems We Use list. A little more due diligence is appropriate for a system we have only been running in real-time for 5 weeks.

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.

3 Ducks 1 On 1 Advanced Trading System Review

2010-03-17T08:50:00.003Z

This is not so much a Trading system, it is more of a Trading course where an "advanced" version of the (Free) 3 Ducks Trading System is taught in a 1 on 1 session with the Author, Andy Perry. The course is performed via Skype and a 3rd part screen sharing application. Part 1 is a walk-through of the entire "advanced" process on historic charts and is an interactive session. Part 2 is performed in the current market and you apply what you have learnt in real-time under Andy's guidance. The end result is a kind of Set & Forget, apply once a day, strategy. Really helpful is the twice weekly email where Andy provides his current view of the markets in relation to the "advanced" strategy. This keeps you "in check" and allows you to compare your own views on the market. The email support is also very good and leaves you feeling supported even after you leave the course.

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.

My Easy Forex Signals Signal Service Review

2010-03-12T08:50:00.002Z

This service actually offers 5 individual services all under the same umbrella, Trend Trades, Hedge Trades, Commodities & Indicies, US Stocks and finally Position Trades. Our main interest was in the Trend trades, which are Forex based with a 92% success rate, described as a Day trading "trend type" service. There is more detail of what the other services are in our main review.

The Trend Trades Service - This is more a service that comes with a strategy which must be applied on a discretionary basis. Every hour on the hour one decides whether to Enter a trade based on the signal and price action, if in a trade, every hour on the hour, again one decides whether to exit the trade or stay in. So, quite a lot of work here for a signal service but one which was rewarding, for us. However, although rewarding it was quite time consuming and we also achieved only about 50% of the returns reported by the vendor. However, we fully understand that this may just well be that we were not fully experienced with the strategy.

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.

Forex Mutant Trading System Review

2010-03-12T08:37:00.005Z

A system which headlines with "Generates 698% Profit With Cirtually No Risk ... Shocks Forex Elite ... And Forces So-Called 'Gurus' To Head For The Hills!" Purchase is $97, followed by $47 for an advanced version and then $27 for a further system "secretly used to make $10,000's for the price of a couple of Starbuck's coffee", we decided on the coffee. It's quite easy to round up on these systems, we treat the $97 deal as Basic and the $47 as Advanced. Basic - No trading rules, you react to a pop-up which we observed for a few days. When a pop-up tells you to go Long at 15000 with a Stop at 15010 and a Target at 14970 it's time to move on so we did. The Advanced version had us in observation mode again, this time, repainting indicators, suffice to say, we decided to move on, again. At least we got a refund back from Clickbank.

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.

Systems For Traders - February Update

2010-03-02T21:48:00.003Z

February 2010 Update

All,

Seems like a strange month this month. We seem to have been crazy busy and then it seemed like we hadn't really done much. Then we came to put this update together and actually realised we had achieved a reasonable amount.

So, System reviews this month, 3 Ducks Advanced 1 On 1 and Forex Mutant completed, as are our comments on Enlightenment Forex & Forex Ultimatum.

Signal services, we were reviewing the Fixed Odds Trading Signals & Guide service but half way through the review the service was withdrawn. We did manage to complete our review of the (My) Easy Forex Signals service, link on the left.

Performance wise for "Systems/Services We Use", once again, diversity has helped us. Sniper Forex finished in the Black (4% up based on 2% risk per trade) and London Forex Open about 6% up again for the 2nd month in a row (3% risk per trade). DOW Letter disappointed as we slipped back into the Red, down 3.5% based on 5% risk per trade. So, again, diversity pays off with a net positive trading month. All journals have been updated.

As promised, we have also provided (trading) updates on the Forex Senior, Sane Fx & Profit Before Work systems.

The "Trading Rooms" are gaining some momentum, slowly but surely and at present we are pleased to confirm we will be continuing with them for now. We do welcome your input, comments and look forward to your participation.

Once again, we thank all of you who have contributed to the site, without your input the site would not be the resource it is.

Best wishes,

All reviews can be found in full on our website - www.systemsfortraders.com

SaneFX (aka Gold Trade Pro) Trading System Review

2010-02-11T09:09:00.002Z

SaneFX is a product which offers the facility to “Trade Forex & Gold With The Easiest And Most Complete System Ever” and is “one of the 5% (of systems) that actually works”. It uses two indicators, the TCCI (a Moving average looking indicator) and the SaneFX arrow (appears Red for Short and Green for Long). The well written manual provides full details for this system and covers many trading scenarios. We chose 3 which were of most interest to us, Forex on the Daily chart, Gold on the 4 hour chart and GBP/USD on the 1 hour chart. The outcome of these scenarios are covered in the full review, the net result being that this is a system we feel may be more of use and benefit to those with more experience of Trading rather than complete novices.

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.

DOW Letter Signal Service Review

2010-02-11T09:02:00.002Z

The Dow Letter is an EOD (End Of Day) Set & Forget signals service. Signals are received around 21:00 (GMT), there are two actually, one telling you to go Long or Short the DOW and then a follow up soon after. The follow up (email) provides the exact levels that the DOW Letter service executed its trade at, including Entry, Stop and Target. So, the service takes about 5 minutes to execute on those days that there is one, usually 5 – 8 a month depending on market volatility. After running the service for a few months we were able to confirm that the results reported on their website were accurate. Historic analysis showed a reasonable return for this service for very little effort (see full review for details). For this reason we added this service to “Services We Use” in January 2010 and since then we have just moved into the Black.

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.

Enlightenment Forex / Forex Ultimatum Trading System Review

2010-02-11T08:08:00.006Z

When we paid our initial visit to this website it was collecting email addresses in return for “FREE: The EFX Market Status Indicator aka The Amazing Profit Tripler That Could TRIPLE YOUR RETURNS”. On the 18^th January we signed up, filled in the questionnaire (see it to believe it) and then watched the 18 minute video by Travis Lucas (talking about Mr. X – who saved his life!). The Acceptance email we received provided a link to the same questionnaire and video. We had another 5 emails that same week and in the subsequent 2 weeks, no less than 20 more. Suffice to say, we did not progress much further with this system, we have our limits.

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.

John Pipers Profit Before Work System Review

2010-02-02T11:40:00.004Z

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.

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.

Forex Powerband Dominator Trading System Review

2010-01-28T16:37:00.006Z

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.

London Forex Open Trading System Review

2010-01-14T08:23:00.002Z

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

2010-01-14T08:14:00.002Z

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.