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Strategy reviews

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Reviews of Turning Point

Turning Point

The system is valid as for trade picking, but it isn't as for position management. In fact a basic rule should be raising stop loss to breakeven when reached a significant gain and another should be not keeping positions opened through the week end (specially if they are contracts regarding crosses). None of these rules is followed by this system. Unfortunately.

Turning Point

The 2 star review was too harsh, but the 5 star review is too enthusiastic. The system still only has 41 trades under its belt and less than 1 year of history, so it is too early to say if it is just a hot streak or whether this system will really be robust and consistent over time. Also the management of stop losses leaves something to be desired, as the most recent trade barely missed the profit target and was allowed to reverse all the way into a large loss. It seems to me that it might have been prudent to adjust the stop loss to a breakeven stop once the position had a solid profit. So I give this system 3 stars for solid steady performance thus far. Protect profits better and I would say 4 stars. Keep it up for over 1 year and 100 trades and I would say 5 stars.

Turning Point

This one is a non-starter... does not justify the $199/month price tag... you can easily find better systems here at C2. In fact, you may be better off with a stock trading system -- less risk and cost -- than this one.