Hi and thanks for sharing that knowledge with us.

If the system is a commercial one please feel free to add it to our Request list and we will schedule a review.


ReviewTeam - www.systemsfortraders.com

no it's not it's my own.

Also one shouldn't trade just one instrument. Spread the risk around with assets that show low correlation coefficients... this way you can increase/maintain profits while reducing the risk substantially and drawdowns. When one asset is not performing, another one may be performing...

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

Bravo, now I don't feel like an idiot for ditching sniper a few months ago too! I'm still annoyed I paid so much for it too!

Thanks for the review guys. Its great to have you guys because I pretend you guys are me trading so it saves me the time + effort and its great that you guys provide the level of detail of trades that you do which is so important. I look intently to your other reviews.

Thanks for the kind words and your input it's good to feel we provide some level of value in our spare time.

We, overall made a small profit with Sniper but in the end, as we said not enough to warrant the effort.


ReviewTeam - www.systemsfortraders.com