Originally Posted by salvador_

That system is not the same as this one... Actually systems with the name Sniper are more than common out there... that one is probably one of the poor systems out there.... 2008 was probably the best year for sniper how could it have lost like it appears in FXCM...

Claims like these are a "dime a dozen" just like on every other forum. Its always I made this, and I made that. But never can anyone show a myfxbook or MT4 stats pulic account. Some applies to this forum I have yet to see any account account details from the review team other than what they post or write never once from all the past trades have I ever seen any live myfxbook or other public stats. While I will give them the benefit of the doubt , I would remind open minded with the any public account . Same applies to you salvador too easy to make claims.

Forex1,

There are no wild claims being made by anyone in our opinion and our forums will not become "like other forums".

It takes a long time to establish trust and that is what we and our regular contributers will achieve and solidify over time, assuming those parties are indeed trustworthy.

We for one have no intention ever of publishing any of our live accounts, to anyone, period. Nor would we expect or even want anyone else to post them in this forum.

We ask that you participate in this forum in the manner in which everyone else seems to and if you prefer the more "honest" myfxbook/MT4 stats public account (whatever they are) then that is where you should be, not here.

These forums will not become a place for off-topic conversations or slanging matches. As you rightly point out, there are many other forums around to support that kind of behaviour.


ReviewTeam - www.systemsfortraders.com

February seen us move into profit for the year after a negative start in January, all trades listed below:

Date Dir Entry Exit P/L
1-Feb-10 Long 15905 15945 40
2-Feb-10 Long 15970 15995 25
3-Feb-10 Short 15959 15596 363
8-Feb-10 Long 15637 15584 -53
9-Feb-10 Short 15575 15632 -57
9-Feb-10 Long 15675 15668 -7
10-Feb-10 Short 15615 15636 -21
11-Feb-10 Long 15684 15674 -10
12-Feb-10 Short 15620 15663 -43
15-Feb-10 Long 15676 15655 -21
16-Feb-10 Long 15700 15679 -21
16-Feb-10 Short 15643 15710 -67
16-Feb-10 Long 15775 15786 11
17-Feb-10 Short 15710 15650 60
23-Feb-10 Long 15525 15504 -21
24-Feb-10 Short 15410 15474 -64
24-Feb-10 Short 15390 15270 120
26-Feb-10 Long 15275 15223 -52

February Profit/Loss = -+182

With an average Stop loss of around 80 pips and 2% risk per trade, February Profit/Loss = 4%.


Do 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 Forex1

Claims like these are a "dime a dozen" just like on every other forum. Its always I made this, and I made that. But never can anyone show a myfxbook or MT4 stats pulic account. Some applies to this forum I have yet to see any account account details from the review team other than what they post or write never once from all the past trades have I ever seen any live myfxbook or other public stats. While I will give them the benefit of the doubt , I would remind open minded with the any public account . Same applies to you salvador too easy to make claims.

I didn't say I made X pips or whatever. Actually the past 3 months have been losers to me on GBPUSD due to the sideways range.

Fortunately, I know better and I spread my risk through other pairs and assets, so if one happens to be losing most likely other assets will compensate. GBPUSD has been very strong against USD (although it's not rising either).

It's not very hard to believe how one would make 1500 pips in May/June 2009, it was all straight up how could someone not make money then?

The same way for EURUSD the past 2 months it has been a 1500 pip decline almost straight down !

As for mt4 or whatever I use interactive brokers so can't be of much help there...

And as for sniper i've been using it well before than what I knew Sniper was... it's just a bunch of Weighted Moving Averages on the close, high and low, the stops are just normal volatility stops based on ATR... it's not rocket science really.

I don't use MT4 as i said i use interactive brokers and SaxoBank and I would never put a statement of my own account on the web... it's something i'm very very careful with.

As for my statements well believe me if you want... there would be no interest in lying. I didn't claim I made 100% a month I just talked in a matter of pips, which actually even with positive pips someone can be in the negative in terms of profit and loss...

Anyhow, right now my open trades are up almost 2000+ pips, and 80% of that come alone from GBPUSD (700pips) and GBPJPY (800 pips)

Hi,

Thanks for the update.

We think it is now appropriate to move on so this thread does not become just a two way conversation which is probably of little interest to others, as that is not the reason we created and now maintain this site.


ReviewTeam - www.systemsfortraders.com

Hey guys - how come you only had 182 pips for February?

I am using the 1 hour time frame and got 337 and took the first 4 days of last week off.

I've got the results in a spreadsheet that I'm not sure how to post on here.

Hi compound3,

This is always one of the issues we have with trading Sniper and we now pay little interest to it. Although a seemingly mechanical system our entries are never the same as others, and it's fine, it's something we live with. The only thing we really do different is not trade Fridays after midday. The main reason we report all our trades is to provide others with a benchmark.

It will be interesting to compare next months too at a high level, so thanks for sharing, appreciated.


ReviewTeam - www.systemsfortraders.com

Hi all, here's my trading journal for February.

1st
long @ 1.5922
stop @ 1.5870
exit @ 1.5953
31 points profit

2nd
long @ 1.5964
stop @ 1.5905
exit @ 1.6000
36 points profit

3rd
short @ 1.5962
stop @ 1.6025
exit @ 1.5881
81 points profit

8th
long @ 1.5637
stop @ 1.5555
exit @ 1.5571
66 points loss

9th
long @ 1.5634
stop @ 1.5589
exit @ 1.5589
45 points loss

long @ 1.5669
stop @ 1.5619
exit @ 1.5654
15 points loss

11th
short @ 1.5619
stop @ 1.5711
exit @ 1.5645
26 points loss

long @ 1.5675
stop @ 1.5600
exit @ 1.5675
Break Even.

12th
short @ 1.5612
stop @ 1.5683
exit @ 1.5683
71 points loss

15th
long @ 1.5677
stop @ 1.5640
exit @ 1.5648
29 points loss

16th
long @ 1.5763
stop @ 1.5685
exit @ 1.5760
Break Even

17th
short @ 1.5721
stop @ 1.5781
exit @ 1.5632
89 points profit

19th
long @ 1.5448
stop @ 1.5367
exit @ 1.5527
78 points profit

23rd
short @ 1.5406
stop @ 1.5492
exit @ 1.5467
61 points loss

24th
short @ 1.5408
stop @ 1.5469
exit @ 1.5281
127 points profit

26th
short @ 1.5190
stop @ 1.5264
exit @ 1.5264
74 points loss

That gives me a monthly total of 55 points profit, with an average stop of 65 points
and a 2% risk per trade equals a little over 1.5% return on the account for the month.

Just out of interest that's a return on my account of about 6% since starting this trading strategy
in November 09.That's not too bad I don't suppose but there can be alot of screen time involed.
Fortunately I am in a position to monitor the trades as and when required as I trade my own system
and therefore don't rely solely in this investment for an income.

Thanks again for taking the time to update and provide results, it's appreciated. It is quite strange how we all get different results, sometimes quite significantly. However, as mentioned above we have just come to accept this now.

As it happens we have just recently put our stats together for Sniper, as follows:

August 2009 4.4%
September 2009 22.8%
October 2009 4.3%
November 2009 0.7%
December 2009 -17.9%
January 2010 -1.7%
February 2010 4.6%
TOTAL 17.2%

So, if we had avoided December, would be doing quite nicely, but, lesson learnt, don't trade December Forex markets. Still reasonably content with performance as our screen time is infrequent.

As a note, do you use the email alert facility included in Sniper, we find it useful, emails come straight into gmail account on G1 android phone, greatly reduces screen time. Just a thought.


ReviewTeam - www.systemsfortraders.com

An excellent trading month for Forex Sniper:

Date Dir Entry Exit P/L
2-Mar-10 Long 14978 15066 88
4-Mar-10 Short 15063 15092 -29
4-Mar-10 Long 15105 15033 -72
4-Mar-10 Short 15034 15062 -28
8-Mar-10 Short 15069 14999 70
10-Mar-10 Short 14931 14963 -32
11-Mar-10 Long 14974 14963 -11
11-Mar-10 Long 15052 15030 -22
12-Mar-10 Long 15148 15177 29
16-Mar-10 Long 15091 15295 204
18-Mar-10 Short 15297 15318 -21
18-Mar-10 Short 15235 15027 208
22-Mar-10 Long 14995 15056 61
23-Mar-10 Short 15052 15060 -8
23-Mar-10 Long 15038 15020 -18
24-Mar-10 Short 14975 14888 87
25-Mar-10 Long 14898 14910 12
25-Mar-10 Short 14884 14890 -6
29-Mar-10 Long 14926 15060 134
31-Mar-10 Short 15064 15110 -46
31-Mar-10 Long 15153 15257 104


March Profit/Loss = +704

With an average Stop loss of around 70 pips and 2% risk per trade, March Profit/Loss = 20%.


Do 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