Sniper Forex Reviews - Forex Non-automated - Forex Systems

Average Customer Rating: (based on 13 reviews)

(2.7 stars vs. 3.4 category average)

(4)

(1)

(6)

shiva1

Intermediate Trader

decent but poor R-R

9/3/2011

0 of 0 customers found this helpful (0%)

Pros:: Easy-to-understand, Good customer support, Works on all market conditions
Cons:: Poor risk-to-reward ratio
Bottom Line:: No, I would not recommend this to a friend
Quote:: i used this system a while back and it was not bad at finding entries on the parameters the author suggested, but as stated before, the R-R was horrible at times even though it would get huge winners when the cable went for runs. it would also get chopped up in ranges at times. would give it a B- if i had to give it anything as it had its decent points yet bad ones

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fx365

Intermediate Trader

Piece of Garbage

8/24/2011

0 of 0 customers found this helpful (0%)

Pros:: Easy-to-understand
Cons:: Poor risk-to-reward ratio
Bottom Line:: No, I would not recommend this to a friend
Quote:: Another piece of garbage of the millions that are out there. All those good reviews must be from people who got lucky in the short term. When they later on get loses they rarely come back to edit their reviews. Result: Positive reviews.

Bottom line: There is not robot, indicator, signal provider......etc.. that can make you money in the long run. If something like that existed everybody would be using it and Forex would vanish in no time.

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traderDan

Intermediate Trader

As boring as taxes! Nothing to see here keep moving

4/27/2010

0 of 0 customers found this helpful (0%)

Pros:: None
Cons:: None
Bottom Line:: No, I would not recommend this to a friend
Quote:: I used this a little while back and I must say its terrible!

It does the same job as the most simple moving average. Buy when price consolidates around a bottom, and sell when price consolidates around a top. What's the point?

It doesn't give you anything new to work with and you can experience extreme drawdowns.

To replicate these results look at the 15 min chart and buy or sell everytime the 10 and 3 period exponential moving averages cross. BOOM! You have just saved yourself some money.

If you have good psychology and discipline, your results will be even better than Sniper.

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ReviewTeam

Expert Trader

On Our Systems We Use List

4/4/2010

1 of 1 customers found this helpful (100%)

Pros:: Easy-to-understand, Good customer support, High win percentage
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: The system is largely reliant on the 5 custom indicators provided. Set up is easy and the system, Entries, Stops and Exits are about 95% mechanical. The advise is to apply the system, as is, to GBPUSD on the 1 hour-frame. Trading is reasonably relaxed but one does have to be around as an entry can be generated at any time of the day. This is facilitated by an email alert and an audible alert (from Meta Trader 4) when a trade is imminent. We used the system for 2 months and after making reasonable returns we added this to our Systems We Use list. It must be noted though as a trade can occur at any time of the day (between 06:00 - 22:00 (UK local time) one really has to be present and near a pc a lot. Not a lot of chart time is required - but one does have to be able to respond to those alerts. We also maintain a journal for this system on our website.

Please visit http://www.systemsfortraders.com/ to read our full review of this system and many other Trading systems and services.

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Ricky

Expert Trader

PIp Winner ALL the Way

3/3/2010

2 of 2 customers found this helpful (100%)

Pros:: Easy-to-understand, Good customer support, Works on all market conditions, High win percentage
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: I'm not sure how you could use this system, follow the rules and not make a lot of money, sometimes I get the feeling that some reviewers have an agenda or don't actually apply what they have been given correctly. Then again, maybe my paranioa is getting the best of me...Anyhow, this system allowed me to quit my job and trade full time and live very comfortably - TAX FREE!

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Thatchman

Expert Trader

Great System

2/27/2010

6 of 7 customers found this helpful (86%)

Pros:: Easy-to-understand, Good customer support, Works on all market conditions, High win percentage
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: In my 10 years of forex trading I have never encountered such an accurate trading system, as long as the rules are followed. Now if only Wales could win a rugby match.....

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Adam1

Intermediate Trader

Waste of time and money

1/3/2010

0 of 0 customers found this helpful (0%)

Pros:: None
Cons:: Poor risk-to-reward ratio
Bottom Line:: No, I would not recommend this to a friend
Quote:: Sniper system is completely waste of time and money. It only work when the market is trending and you will loose 10 times more as soon the market is not more trending. The vendor offer also no refund policy.

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GreatTradingSy

Expert Trader

Sniper Forex Indicators

12/9/2009

0 of 1 customers found this helpful (0%)

Pros:: Easy-to-understand
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: The problem with this system is that it is nothing new. You can download the the standard indicators needed for this system for free for metatrader 4. Does this make it a bad system? No. Does it make it a system you should spend your money on? Probably not. Take a look and create your own sniper forex system for free.

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BlubberBob

Intermediate Trader

Not working at all

11/27/2009

0 of 0 customers found this helpful (0%)

Pros:: Good customer support
Cons:: Poor risk-to-reward ratio
Bottom Line:: No, I would not recommend this to a friend
Quote:: SniperForex works only during trending market conditions. When you are lucky you will make a view pips with but as soon the market stop trending you will face large draw downs. Using simple moving averages or the new adaptive moving average from MT5 will give you better results. Also negative is that there is no refund policy.

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ForexBrian

Expert Trader

Sniper review

10/19/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: No, I would not recommend this to a friend
Quote:: I bought the indicator as i thought it is a good entry trigger. As long the market is trending the indicator is not bad at all but a simple moving average will do the same job during trending market conditions. As soon the market is in a range the indicator is not to use. I would not recommend the indicator. New trader will find better ones in forex forums.

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