I'm using sniper since April and mai. I mus admit that both month ended in negative results
for me. Therefor i'm quite disappointed. Maybe it would work on the long term. But the most
confusing is the always great discrepancy between our and the results on the sniper-site.

Garry has always positive result, and he is sending to us always mails when sniper get great
trades (130 pips here and 300 pips there) but when sniper does not perform well he is keeps silence.

It would be appreciated if he could show an official journal on his site, so everyone can compare
his own trading with garrys trading. But there is nothing like this.

But the most important thing is, as i told before, there are so many discrepancys...


I will not continue using sniper. Sorry guys....

Hope you will have more success...

best regards.

Your input is much appreciated.

We believe Gary does provide a copy of his Trading account detailing all trades, upon request. We are not certain this is still the case but it may be worth checking if you wish to see his breakdown.

For the reasons you mention, discrepancies, it is not of much value to us so we do not request it.

We also believe that Sniper performance is disappointing with a negative April and May (especially after that 1000 pip move in May for no net return). So far we are in negative territory in June.

Thanks for your wishes, as always we will provide an update at the end of the month.


ReviewTeam - www.systemsfortraders.com

Again very bad month for sniper.

But as always Gary has again positive results.
Very remarkable.

Hi,

Yep, we are still in the red and almost certain to remove Sniper from our Systems We Use as part of out bi-annual review of Systems/Services We Use. Reasons will follow if and when that decision is made final - In the monthly update.


ReviewTeam - www.systemsfortraders.com

Another disappointing month for Sniper although at least this one was in positive territory for the first time in 3 months, albeit for a 1.5% return:

Date Dir Entry Exit P/L
1-Jun-10 Short 14468 14525 -57
1-Jun-10 Long 14569 14650 81
2-Jun-10 Short 14609 14695 -86
3-Jun-10 Long 14701 14665 -36
3-Jun-10 Short 14603 14634 -31
7-Jun-10 Long 14483 14495 12
8-Jun-10 Long 14509 14491 -18
8-Jun-10 Short 14415 14475 -60
9-Jun-10 Long 14456 14680 224
14-Jun-10 Long 14628 14730 102
15-Jun-10 Short 14714 14780 -66
15-Jun-10 Long 14789 14810 21
16-Jun-10 Short 14774 14820 -46
16-Jun-10 Long 14836 14750 -86
16-Jun-10 Short 14745 14745 0
17-Jun-10 Long 14813 14813 0
21-Jun-10 Short 14829 14779 50
22-Jun-10 Long 14802 14817 15
23-Jun-10 Long 14885 14850 -35
23-Jun-10 Long 14960 14940 -20
24-Jun-10 Short 14941 15005 -64
24-Jun-10 Short 14930 14960 -30
28-Jun-10 Long 15105 15086 -19
29-Jun-10 Short 15085 15085 0
29-Jun-10 Long 15080 15043 -37
30-Jun-10 Short 15036 14960 76
1-Jul-10 Long 14975 15152 177

June Profit/Loss = +67 pips

With an average Stop loss of around 90 pips and 2% risk per trade, June Profit/Loss = +1.5%.


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

did you mean to include the 1st July figure?

Hi,

Yes we did. If a week (MTWTF) has more days in June than July we include that week in that months figures. This applies to the start and end of the months - Just the way we do it !


ReviewTeam - www.systemsfortraders.com

My result in june is -50 pips, maybe i could have missed some trades.
But apart from this snipers performance was not good in the last month.

All,

As part of our bi-annual review of our Systems/Services We Use list we have made only one change.

As you are aware, we have become a little frustrated with Sniper Forex during the last few months. We accepted the fact, from the beginning, that we never got the same results as the vendor and the fact that rarely did we get the same results as anyone else. Performance was most reasonable regardless of whose trades we matched/didn’t match.

However, we were extremely disappointed that in May, a month in which GBPUSD trended nicely and moved over 1,000 pips, Sniper Forex failed to make a profit (for us). A trend following system, which this is should be taking big advantage of these rare occurrences. And, although we made a small profit this month, over the last 3 months we are still down 10% of our account.

For the above reasons and also with a view to reduce our time allocated to actual trading we have decided to remove Sniper Forex from our Systems We Use list. We just do not believe that our 15 minute or so actual involvement each day trading this system justifies the returns (or lack of).

We will no longer be updating this journal and the Live Trading Room will also be closed.


ReviewTeam - www.systemsfortraders.com

Originally Posted by Reviewteam

All,

As part of our bi-annual review of our Systems/Services We Use list we have made only one change.

As you are aware, we have become a little frustrated with Sniper Forex during the last few months. We accepted the fact, from the beginning, that we never got the same results as the vendor and the fact that rarely did we get the same results as anyone else. Performance was most reasonable regardless of whose trades we matched/didn’t match.

However, we were extremely disappointed that in May, a month in which GBPUSD trended nicely and moved over 1,000 pips, Sniper Forex failed to make a profit (for us). A trend following system, which this is should be taking big advantage of these rare occurrences. And, although we made a small profit this month, over the last 3 months we are still down 10% of our account.

For the above reasons and also with a view to reduce our time allocated to actual trading we have decided to remove Sniper Forex from our Systems We Use list. We just do not believe that our 15 minute or so actual involvement each day trading this system justifies the returns (or lack of).

We will no longer be updating this journal and the Live Trading Room will also be closed.


ReviewTeam - www.systemsfortraders.com

GBPUSD trended nicely, but not under the perspective you guys were trading. I believe you guys are trading 1H. It was very choppy under that timeframe.

As I said, I happen to have a system that has some components really similar to sniper, And the past 6 months have been terrific with profit for me, although i must say I trade higher timeframes. So, I was able to be short EURUSD from 1.48 down until 1.21 where I was stopped out. GBPUSD the same thing pretty much...

I think the problem is, most people just look over the short term, and want to make money fast, of course under the 1H timeframe is a lot harder, and if you miss one trade it could be the trade that saves your month. It is also harder since moves, are more random than in higher timeframes, where the big players, like institutions, smart money etc, trades.