Website : No Longer available
Publisher : Not specified
Cost : $49 / month
Review Date : March 2009

WHAT IT SAYS ON THE WEBSITE

If there is one thing we hate on a website it is those cheap cheesy videos kicking in, thankfully this is not present on this website. However, our second pet-hate is having to listen to intro music playing, even worse is having to listen to it every time we navigate to a new page!

So, annoying music aside, the website headlines with "1024 Average Pips / Month" and "Average of 36 pips per trade" with signals being "eligible by novice and also by seasoned traders including professional traders who do not have time to do their own analysis". "Signals are updated directly in our members area. Simply enter the orders with the provided stop/limits."

Vision4x is a "trend following system" with an accuracy rate "higher than 65%". "There is no subjective criteria" involved in the signal generation process, it is "100% mechanical". Signals are "sent once a day around 10:00pm New York time (03:00 GMT)", there are "no further intraday instructions", "entry, exit and stop loss" are included in all signals. However, signals are not issued every day, "only when our system signals to do so".

Four pairs, EUR/USD, GBP/USD, USD/CHF and GBP/JPY, traded here and trade entry should take less than 5 minutes a day. "We look for a 35 - 75 pip gain per trade in a 1 to 3 day period" with "no need to monitor the intraday market". "After a trade is initiated the system evaluates the position at the end of every day and issues a hold, stop or sell".

THE SERVICE

We signed up for one month at $49.

With signals being issued at 20:00 ET (03:00 GMT) we took the decision to place the trades in the morning at 07:00 GMT (4 hours late). This meant we missed a few trades but it was swings and roundabouts - sometimes a worse entry, sometimes a better one.

Signals are not actually sent by email. There is an email at the specified time but it doesn't contain the signal data, you have to logon to the (annoying) website to get the actual trade data. No great hardship but we would just prefer (like most other services) to receive the relevant trade information in the email.

For each pair there are two trades, a long and a short, no multiple lots here. So, placing the trades (8 of them) does take less than 5 minutes.

We did however experience a serious issue with this service. There is no information available on the website in relation to open positions other than the previously mentioned "After a trade is initiated the system evaluates the position at the end of every day and issues a hold, stop or sell". Well, at the end of day 1 (the next morning) we were left wondering what to do. We had received no such information and none was available on the website in the members area, just a new batch of signals. So, we decided to exit our open positions, enter the new orders for that day and promptly send an email asking what to do with open trades in the future. By the time the next signals arrived (the next morning) we had received no response to our initial email so we repeated the previous days actions.

On the fourth day, down on our money slightly, we stopped trading and waited for a response to our email. It all seemed pointless to us. Our aim was to emulate the 1,024 pip average monthly return, as per the website, but without knowing what exit strategy to apply we felt in between a rock and a hard place.

CAN IT WORK

As we never received a single response, ever, from over a dozen email requests for support (re: exit strategy and subsequently our money back) we are not in a position to comment.

SUPPORT

See above.

CONCLUSION

PRO's
- Entry and Order management process is 100% mechanical and very simple, less than 5 minutes per day.
CON's
- No exit strategy.
- No support.


Do remember, your comments are important, if you have used this service, please share your views with us.

ReviewTeam - www.systemsfortraders.com

Hi,

First post for me. I subscribed to the above service in November, 2009.

They provide signal updates once a day (5pm ET here in Toronto, if I recall correctly). They trade the main pairs, giving an entry price, target, and stop. If trades don't open during the next 24 hours, they will often modify the trade parameters the next evening. Signals are posted on the website, and they provide a reminder to check.

Performance stats on the website boast of 1000 pips per month, and the month I was subscribed they generated around 1300 legitimate pips! Their goal is to catch a support or resistance break and take 80-100 pips, with stops around 70 or so. Sometimes there are four pairs in play at the same time, so you need to keep the lots smaller.

I spent the month watching and plotting lines on charts because I was suspicious, as always. But they made many good trades, with no losing days.

I wanted to stop the subscription (cheap at $49 USD per month) for December and January because I was not going to be able to trade. Here's where the fun began. They wouldn't acknowledge my emails, and billed my credit card for December. So I sic'd the Visa police on them but still no resolution 20 days later. They attempted to tap my credit card again in January, but quickly retracted that and provided a credit within a day of the debit.

Their signals and pips are remarkable. What you need to figure out is how to get them to stop debiting your card! I believe they are good traders and it appears they don't believe someone would ever want to cancel because of their stellar record.

I'm working on one of those dreaded EA's for my own use (last one), and I have high hopes. If this fails, I will be going back to Vision4X, plug in their trades, and find something else to occupy my spare time.