Magic Breakout Forex Trading System

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/

Tenkei Trading Techniques Forex Trading System Review

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.

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.

PipTastic (FTSE) Trading System Review

This is, what we consider, more of an educational product than an actual Trading system. The deliverables, of which there are many are well worth a read for anyone new to trading (especially those looking at sub 15 minute timeframes and indicies, in particular the FTSE). The product does actually provide 3 - 4 base-line systems which can be used as building blocks as they are well explained and also have some sound trading principles. The main value that this product offers are the Daily updates. These are emails which detail the results for all the various systems as well as screen prints and commentary on the days Price action. This is the best personalised daily email service (in relation to a trading system) we have come across to date.

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 Mobster Trading System Review

A 55 page manual that is clear and easy to read. The system is traded on the 4 hour (anchor) and 1 hour (for entry) time-frames and uses just 2 industry standard indicators. Set up is easy (on MT4), Entries and Exits are clear and 100% mechanical with some discretion required for initial Stop loss. Limited back-testing across 6 popular pairs and about 2 weeks of real-time trading left us about break-even and for sure were not hitting the 94% win rate mentioned on the web-site. We found that Entries and Exits to be quite late and without catching a very strong trend that this system would struggle somewhat.

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 Piper Trade Maker Signal Service Review

A service based mainly on Binary Betting, promising returns of over £1,000 a month for an annual subscription fee of around £500. Timing with this service is quite important as most "bets" are intra-day FTSE bets. The signals typically arrive between 10:00 - 16:00 (UK Local time) and placement takes less than a minute. Sometimes trades are left to run to expiry but more often than not some interim trade management is advised (if the "bet" is going well). Performance in July & August 2009 (when we were conducting our review) was way below par and the service needs to get back to the performance levels seen in 2008 to make it attractive once again.

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 Avenger Trading System Review

A reasonably well written 87 page manual, you can skip to page 51 if you have any experience of Forex and trading. Set up is easy and straight forward and it is recommended to trade EUR/USD on the 1 hour chart, which we did. The system is quite relaxed and is about as close to 100% mechanical as we have ever seen. We back-tested 2 months and ran on a (small) account during October and made about a 5% return per month (assuming 2% risk per trade). We are not sure about the Risk:Reward on this system typically 40 - 50 pips to win 30. We have decided to continue to run this system to the end of the year to get more exposure to real-time performance. We will of course provide feedback on our site.

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 Rebellion Trading System Review

Considering the author promises "no filler fluff" we waded through 5 hours of video content and a 96 manual, all without even touchng the "bonus" material. But, anyway, on to the system itself. Easy to implement, the cleverly written indicator for MT4 does most, if not all the work. There is a small amount of decision making regarding Stop loss placement but apart from that the system is pretty much 95% mechanical. We didn't get on with the 15 minute time-frame (too choppy, too much action (and too many losing trades)) so we swtiched to the 4 hour time-frame. No shots being called here but we liked this system, we have only had 3 weeks exposure but have made some money. We will continue to trade and monitor this system until the end of the year (on the 4 hour time frame). We will provide updates along the way and hopefully receive further input from our forum members too.

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.

Sniper Forex Trading System Review

A well written 9 pager which suffices in explaining the system which is largely reliant on the 5 custom indicators provided. Set up is easy and the system, Entries, Stops and Exits is about 95% mechanical. The advise is to apply the system, as is, to GBPUSD on the 1 hour-frame. Trading is reasonably relaxed but one does have to be around as an entry can be generated at any time of the day. This is facilitated by an email alert and an audible alert (from Meta Trader 4) when a trade is imminent. We used the system for 2 months and after making reasonable returns we added this to our Systems We Use list. It must be noted though as a trade can occur at any time of the day (between 06:00 - 22:00 (UK local time) one really has to be present and near a pc a lot. Not a lot of chart time is required - but one does have to be able to respond to those entry emails (and audible alerts). We also maintain a journal for this system on our 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.

Evening Trader (Markets Mastered) Trading System Review

A well written 43 page manual explaining a system which is pretty much 100% mechanical. Set up is easy and the system itself is based on the 5 minute chart and uses divergence in conjunction with candlestick patterns. Trading starts at 17:00 UK Local time, hence the name, Evening Trader. The logic to this system seems pretty sound but there is a heavy reliance on interpretation of divergence. We just couldn't replicate the results Nick was achieving, mainly due to this interpretation of divergence. This doesn't mean the system can't work it just means one has to have a fine eye for divergence, perhaps we don't!

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.

Financial Binary Fixed Odds Signal Service Review

We signed up for the 7 day free trial, available before commiting any money at all. Actually we signed up about 4 times during May and also sent numerous requests to support for past performance history. All this went unanswered so we decided to move on.

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.

Housewife Trader Presents Trading System Review

A system that provides "a complete trading manual suitable for those interested in either part-time or full time trading. The whole system is explained in an easy to follow format with graphics and examples" and provides "2 weeks of Daily emails with the days trading results ..... which allows you to compare your results with our own as additional learning and support." After 4 weeks of trying to contact the owner of this service and subsequent purchase we ended up opening a Paypal dispute case and received our refund (about a week or so later). So over a 6 week period we received no correspondence, no acknowledgement, no material, but at least (because the transaction was via Paypal) we received a refund.

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 Kingdom Trading System Review

A reasonably well written 78 page manual. The system itself is based on the 1 hour charts and 3 indicators, one being CAO, which we have never heard of. Set-up is easy with MT4 templates supplied. The CAO indicator makes this system 100% mechanical, Entry, Exit and Stop. Back-testing looked impressive and profitable based on the CAO indicator but in real-time trading this was quite different. Entry and Exit is late as the CAO indicator is drawn late, so an impressive profit on the chart does not translate to an impressive profit in reality. We all love pretty indicators but ones that lag are not for us so we only placed one trade and moved on.

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 Jackal Trading System Review

Two products, The Jackal Juicer and Jackal Superior Signals. The system document is a 9 pager which is, in the main, plain speaking and easy to read. The system itself is based on a 15 minute chart with a Moving average and Price action around that moving average. Its simple to set up and to trade however due to its nature we found trade opportunuties very restrictive, especially based on the amount of screen time required for this system. The Jackal Superior signals (for £40 a month) we likened to Camarilla levels, which one can find for free on the internet.

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.

Simple Spread Trading (FTSE/DOW) System Review

No manuals here - all strategies are on-line in the members area with one page summaries which, when printed and annotated are just fine. We only reviewed the headline (Binary) system as this is the one on which the website statistics are based. The system is one that can be traded on the FTSE and the DOW and uses the 20 minute binary bets available on IG Index. Decision making is about 85% mechcanical and is based on a 2 minute chart with just one Moving average. This is quite a different and very exciting approach to trading. However, we did find that screen time was quite intense and also that entry was just a little bit too ambiguous for us to consider using it on a full time basis.

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 Trading System Review

We do not usually review free system/service as the main aim of the site is to try and provide an honest review so others can get an independent opinion before parting with their hard earned cash. And, obviously, so those who have exposure to the systems/services can also add value from their own personal experiences. However, in this instance we made an exception as what we discovered was "a bit of a gem". This system is free and, in our opinion, a sound starting point/building block for those new to trading. No wild claims, no hard sell, just a very decent free and, as the author claims, set of guidelines that can be used to improve your trading. If you like you can buy Andy a pint on his website - and yes, we did!

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.

Fixed Odds Investments Forex Signal Service Review

Clear set and forget Fixed Odds signals, usually 7 days in duration delivered at any time of day although most of ours came between 18:00 and 22:00 UK Local time. Returns per trade were from 20% - 40% per trade and we risked 5% of our balance per trade. Performance wise we did some analysis on the Year To Date figures, available if requested. We noted about an average over the year of about a 5% - 10% return with a few periods of drawdown to about 5% down at one stage. During our trial which we ran for about 6 weeks we were about break-even on our account. We feel this service is open and honest, signals are clear, easy to execute and are pure set and forget. However, results were quite mixed and we would have liked a fixed time for the signals rather than having them arrive at any time of the day.

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.

Louise Woof Fool Proof Evening Trading System Review

As usual, from the Louise Woof camp, a very well written 67 page document. This system is based on the DOW and a 5 minute chart using just one indicator and price action. Implementation is easy, Entry and Stop are crystal clear but Exit is not, there are a choice of 3 different exit strategies. We also couldn't get a clear answer from Louise upon which exit strategy the results on the website were based on. This together with the, what we considered, very strange Entry methodology, meant we did little more than by-pass this system.

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 Trades Live Signal Service Review

Signals are sent between 07:00 & 15:00 UK Local time and are for GBP/USD. Target is 32 pips and Stop is from 80-100 so 3 winners are wiped out by 1 loser. There is usually sufficent time to get orders in, although we did miss one trade as the price moved so quickly by the time we could react. Our 100 pips (now 200) profit came in just over a week, however, we did notice that if we had joined a month prior, because of draw-downs, we would still not be 100 pips in profit, we were quite fortunate with our timing it seems. So, we could probably use this service if performance was to return to previous levels of profitability and thus we could justify being constantly available from 07:00 - 15:00 every day.

PLEASE NOTE: Since our review the risk reward has been improved with a target of 72 now the norm, which is much more reasonable for a 80-100 pip risk per trade. Performance also seems to be improving slightly too.

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 Mobster Trading System Review

A 55 page manual that is clear and easy to read. The system is traded on the 4 hour (anchor) and 1 hour (for entry) time-frames and uses just 2 industry standard indicators. Set up is easy (on MT4), Entries and Exits are clear and 100% mechanical with some discretion required for initial Stop loss. Limited back-testing across 6 popular pairs and about 2 weeks of real-time trading left us about break-even and for sure were not hitting the 94% win rate mentioned on the web-site. We found that Entries and Exits to be quite late and without catching a very strong trend that this system would struggle somewhat.

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.