Hi Ian,

Interesting comments and thanks for that. It is something that is eye opening and at the same time quite annoying especially as we can be specific here with quotes from the website, see below.

It is fair to say that with any system or claim seen on any website, due diligence and some degree of demo/small account trading is, without doubt prudent and necessary. We will continue with ours and report back and we hope others will also find the time to share their valuable experiences too.

Thanks again.

ReviewTeam - www.systemsfortraders.com


"It’s the only method where you can switch on your charts day or night on any currency pair, on any time frame and make trades"

"Top Ten Features
2 Works On All Time Frames
3 Works On All Currency Pairs
4 Works In All Market Conditions"

"There Will Always Be A Trade To Be Found - If you like to be in the markets often, there will always be trading opportunities on the smaller time frames. You won’t have to wait for days to get into the markets. You can be in the market several times in one trading session. More profitable trades mean more money in your trading account."

"Flexible Enough To Suit Any Schedule Or Lifestyle - You can trade the Forex Rebellion system during the times that suit you. If you can only, or just want to, trade a few minutes at the end of the day, you will be able to do that. This can free up a lot of your valuable time to do other things. On the other hand, if you want to be in a trade every day, this system will trigger many entries on lower time frames like the hourly or even the 15-minute"

"Trade The Currency Pairs That You Want To Trade - Analyzing several currency pairs will create several trading opportunities that other systems may not be able to deliver. I trade 10 pairs and there is always an opportunity in every session to get into the markets."

Hello To Everyone

Does the ReviewTeam have any data of actual trades over the last week? Or for that matter does anyone?

The reason for my question is since we have had a nice break out on the GBP/USD over the last 2 days I wanted to see how it handles the break-out and how it handles the dip today Nov 17, 2009. More to the point did it issue a sell on that small dip or did it issue a re-entry off the bounce area of 1.6754 on either the 15 min or 1 hr chart?

Also, I would like to know how it handles the GBP/JPY since it has been trapped in a range between 149.00 150.35 over the last 4 days, again on either the 15 min or 1 hr charts.

The site mentions it filters out "Bad trades" so the GBP/JPY results would be interesting to review. I often find that ALL these system are good during breakouts when the market has been moving sideways for a couple of days. BUT FAIL when there is a fast turn around of the current trend, and by the time it issues a signal you are either too late getting in at the Low or High of the reversal when it goes back into a consolidation mode.

Any trade (signals) details would be of great help.

Thanks

Hi,

As per our review the trades we took for Weeks 1 - 3 on the 4 hour chart are as follows:

Week 1 – 6 trades, 5 winners (to target), +669 pips
Week 2 – 9 trades, 1 winner (to target), +3 pips
Week 3 – 11 trades, 5 winners (to target), +382 pips

The average Stop loss for the above trades was just short of 100 pips. Thus, over the 3 week period we achieved a return of 1051 pips so around 20% (minus the 5% we lost trading the 15 minute time-frame for a couple of days).

Since then for the same pairs performance is as follows:

Week 3 – 11 trades, 4 winners (to target), -35 pips
Week 4 – 7 trades, 1 winner (to target), -68 pips
Week 5 (Closed trades only) – 4 trades, 0 winners (to target), -171 pips (We currently have 3 open trades and all are in the red at present)

As a note, the average Stop loss for the above trades was around 90 pips. Thus, over the 3 week period since the review (to date) we achieved a return of -274 pips so around -6%.

There have been no GBP/USD trades on the 4 hour chart this week. We are not trading GBP/JPY but had a quick look at the 4 hour chart and, like GBP/USD there have been no trades this week. It's not really possible to look back retrospectively on the 1 hour and 15 minute time-frames as only the penultimate trade and the current trade are highlighted.

Hopefully someone else can provide you with some input into the lower time-frames as requested.

Remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.


ReviewTeam - www.systemsfortraders.com

Thank you for the fast reply, but I would have some doubts about this system now since it failed to issue any trades on a 4 hr chart on the GBP/USD this week when it broke above the 1.6650 area about 4 days ago. It must have some very lagging entry because even the simplest system had longs (entry) around that level and you can see that every clear on the Sniper software.

But would like to hear from any one trading it on the 1hr charts.

I know First hand the common QQE is a VERY slow and lagging indy when used on the 1 hr time frame or higher. But still as I mention before I would have some reservations about the claims made about this software if it failed to at least issue a signal on the GBP/USD on a 1 hr chart , even a kid would be able to spot a Long entry above the 1.6750 area even with a very late entry.

With regard to the GBP/JPY I would like to hear from anyone would use the software on a 1 hr or 15 chart and see if it kept them out of the chop trade since this pair in trapped in a 150.35 to 149.00 range.

But I would like to thank you "Systems For Traders" for your testing because (1) I know what a pain in the A.. it is to test these systems only to have them fail or just take up your time, some times people over look this "time" and forget its more valuable than money when you're taken away from other actives. SO again thank you from someone who's been there and done that.

Hi,

You are welcome and yes we do have some doubts about this system, in particular with reference to the claims made on the Forex Rebellion website, highlighted in one of our previous posts.

Forex Rebellion did issue a buy signal last Friday around 08:00 GMT which went on to be a winner (to target) but we do not take trades on the 4 hour chart on a Friday. The main reasons, we like to exit all trades on a Friday before 20:00 GMT to avoid Spread-bet roll-over costs and potential week-end "gaps". There are two other reasons, as traders we deserve a day off and also, for a trade on a 4 hour chart we don't believe 12 hours provides enough room for manoeuvre, just our personal choice. It may raise a question - are we concerned we missed this winning trade - no - they should, in theory balance each other out (the good/bad avoided Friday trades).

Finally, thank you for your kind words they are much appreciated and we are glad the site is of interest and use to you, we are also grateful for your input and feedback.


ReviewTeam - www.systemsfortraders.com

I am really very surprise by the lack of feed back from members of this forum about Forex Rebellion given all the hype over this system.

Even more surprising is the fact that not one person even mentions that the arrows shown on the charts, which painted by the cross of the 2 EMA crosses will disappear when you refresh the time frame that you are using and only the arrows that turned into a trade will stay on the charts. Hmm. Is this called repainting?

Hi,

Thanks for the feedback. As you know we have been using this system since it was launched and we have not yet experienced any kind of re-painting on any time-frame, 15 minute or 4 hour. It is however, something we will keep a more watchful eye on.

Re: Lack of feedback from members, yes it surprises us too for the reason you mention. However, this may due to people doing more due diligence to determine how the system actually holds up in the hands of others before purchasing, we are guessing.

Thanks again for sharing your experiences with us and we will make a special note to keep an eye out for "re-painting".

Remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.


ReviewTeam - www.systemsfortraders.com

This post provides a consolidated update on our trading results to date using the Forex Rebellion system. We are trading the 4 hour time-frame and are trading EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD and EUR/JPY. We trade as best we can all signals but take no trades on a Friday.

Week 1 – 6 trades, 5 winners (to target), +669 pips
Week 2 – 9 trades, 1 winner (to target), +3 pips
Week 3 – 11 trades, 5 winners (to target), +382 pips
Week 4 – 11 trades, 4 winners (to target), -35 pips
Week 5 – 7 trades, 1 winner (to target), -68 pips
Week 6 – 16 trades, 2 winners (to target), -466 pips
Week 7 – 12 trades, 6 winners (to target), +385 pips
Week 8 – 9 trades, 1 winner (to target), -65 pips

TOTAL = +805 pips

The average Stop loss for the above trades was around 90 pips. Thus, over the 8 week period we have achieved a return of around 18% assuming a risk of 2% of account size per trade.

NOTE: We are trading 6 pairs here and obviously there is some correlation. We looked at trading just the EUR/USD and USD/JPY (least correlated) and it reduced our market risk and drawdown a little but also reduced profits significantly, to around 300 pips (for the same period). For now we will stick with the 6 pairs identified above, others may wish to lower risk by looking at less pairs which we did purely for a reference point.

Remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.


ReviewTeam - www.systemsfortraders.com

Originally Posted by Reviewteam

This post provides a consolidated update on our trading results to date using the Forex Rebellion system. We are trading the 4 hour time-frame and are trading EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD and EUR/JPY. We trade as best we can all signals but take no trades on a Friday.

Week 1 – 6 trades, 5 winners (to target), +669 pips
Week 2 – 9 trades, 1 winner (to target), +3 pips
Week 3 – 11 trades, 5 winners (to target), +382 pips
Week 4 – 11 trades, 4 winners (to target), -35 pips
Week 5 – 7 trades, 1 winner (to target), -68 pips
Week 6 – 16 trades, 2 winners (to target), -466 pips
Week 7 – 12 trades, 6 winners (to target), +385 pips
Week 8 – 7 trades, 1 winner (to target), -65 pips

TOTAL = +805 pips

The average Stop loss for the above trades was around 90 pips. Thus, over the 8 week period we have achieved a return of around 18% assuming a risk of 2% of account size per trade.

NOTE: We are trading 6 pairs here and obviously there is some correlation. We looked at trading just the EUR/USD and USD/JPY (least correlated) and it reduced our market risk and drawdown a little but also reduced profits significantly, to around 300 pips (for the same period). For now we will stick with the 6 pairs identified above, others may wish to lower risk by looking at less pairs which we did purely for a reference point.

Remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.


ReviewTeam - www.systemsfortraders.com

Reviewteam

First I am glad you guys are feeling better. My question is in your test results posted above are you using the swing High or Lows to place stops, or are you placing the stops above or below the EMA's?.

Thanks

Hi,

First, thanks for your wishes.

In regard to our stops, as you know this is pretty much the only non-mechanical aspect of the system.

We always use one or the other, this isn't that straight forward or that difficult, especially after a few trades. Basically, we just determine which one is best in the current trend. Around 80% of the time this will be obvious, e.g. the EMA will be too close so it's got to be the previous high/low, the previous high/low is so far away, has to be the EMA.

Basically, for us it was just a learning curve, albeit a small one and now we just got a feel for which one to apply.

E.g. USDJPY from last night on the 4 hour chart - EMA at around 100 points from short entry suits us fine, with the previous high in this instance another 100 away we don't feel the need to give it that much "breathing" room.

Hope the above helps.

Remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.


ReviewTeam - www.systemsfortraders.com