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.

ReviewTeam

http://www.systemsfortraders.com/

4x Pip Snager Review

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.