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THE SUBSCRIBER PERSPECTIVE

Strategy reviews

Real experiences. In subscribers' own words.

Read what worked, what didn't, and what it was like to follow a strategy.

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Reviews of SNIPER ¤ 4X

SNIPER ¤ 4X

You will find trading systems with equity curves like this one all over C2. The rapid collapse after a large drawdown is the hallmark of an amateur that cannot deal with changing market conditions and/or their own psychology. The lesson for everyone is set your own drawdown limits and shut down trading when they have been reached. Don’t attempt to ride it out because 9 out of 10 amateurs will simply run a system into the ground once a certain threshold has been breached.

SNIPER ¤ 4X

Terrible performance! The system had a high return low risk when I joined, but since then has blown up. The system survived the initial financial market turmoil OK, but more recently has just continued to crash, with the drawdown being much higher than its previous maximum. The system trades very heavily (often for very small number of pips gain) and thus also costs a huge amount in autotrade fees (not included in the performance figures!!!!!), so the actual returns are much lower (and drawdown much bigger) than claimed. My calculations show this would detract about 100% per annum from performance. It is very dissapointing that this system has gone like so many others on C2 - look good for quite a while, and then blow away all of the gains in no time.

SNIPER ¤ 4X

Started well but turned into a consistent looser at the end of august. too many trades a day, e.g. today 4/10/2007: 7 entries, 4 closed loosers, 2 unclosed loosers, 1 unclosed gainer. something is going wrong here. less is sometimes more ...

SNIPER ¤ 4X

MARGIN CALL, with autotrade disabled. I am out. I was leveraged at 10k which is what I started with. Now I am out of the game, I guess I just got in at the wrong time.

SNIPER ¤ 4X

i lost more than 50% in 15 days!!!!! dont subscribe for this!!!