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Tuesday, 8 November 2011
Wall Street Time Shift Trader
Forex Pip Taker Review
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Monday, 31 October 2011
Blue Blade Trader Review
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Friday, 7 October 2011
Tunnel Trader Review John Piper
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Trade The Banks Review
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BK Forex Advisor Review
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100% FX Review
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Thursday, 6 October 2011
Stock Market Sniper Review
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Four Hour Trader Review
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Tuesday, 19 July 2011
T-Desk Review
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Forex Renewal Review
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”.
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.
Daily Cash System Review - Hugo Lawrence
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.
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 2011 Update
Hi,
Welcome to the Systems For Traders June 2011 Update. |
Reviews
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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.
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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. |
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Saturday, 4 June 2011
Systems For Traders - May 2011 Update
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. |
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FTSE 100 Club Review
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.
FX 180 Review (Keith Cotterill)
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!
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, 12 May 2011
Forex U-Turn Review - Jason Sweezey
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.