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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 tradeWerkz I

tradeWerkz I

Reported as a fully automated algorithmic signal generator. There has been a 10 fold increase in the average losses figure (other indicators have also worsened). Its highly probable that there is a structural weakness in the algorithm / software 'bug'. The draw downs were concurrent with the system description but their proximity is of great note. The system manager is communicative but responses to technical enquirers are dealt with in a 'light – touch' manner (excl proprietary). The manager has given himself the milestone of recovering the situation around end Jan. My plan is to unsubscribe but review the situation at the start of Feb to see if the milestone was achieved. The previous performance was very good before this algorithmic area of weakness was revealed.

tradeWerkz I

The last review that gives the system a five star seems suspicious. I admit that the system still have a pretty good track record but the last trade was really poorly managed. The avg profit per trade for this system is around 20-40 dollars. On the last trade the developer kept adding to the loosing position, he doubled the size when the loss was around $200, then added more when the loss was around $600, added more when loss was around $900 even though it was very obvious that the trade kept going against us. This is againist any trading strategy that is out there. There was no reason to ride this once the loss crossed $600. I am still going to stay a subscriber to this system and I am hoping that we will cover the losses in next 2 months or so.

tradeWerkz I

The developer is very experienced, trades his own money, communicates frequently and thoughtfully, and stuck to his stated emergency stop loss rule. That an 11% drawdown can't be stomached by some subscribers in a system which still boasts very impressive statistics after this loss speaks more of them, their choice of leverage and their risk tolerance more than it does about this system.

tradeWerkz I

Finally the AX came down. I knew it is just a matter of time the system will crash. Without exception, all high win rate, martingale type systems will crash. I'm glad I just lost a few dollars and is happy to shut down my auto trade to prevent further losses in the future because the worst draw down is one that will be in the future. So investors, be careful with Forex Trading system because the final verdict is: WE WILL LOOSE MONEY. I think this is end of my forex trading. I still have the one more on C2 and it is not doing well either, waiting for me to shut down again one more time. Consider this SMALL draw down is your gift for this Christmas because you could even loosing bigger if it did not exit the trade. I give it 2 stars since the developer is also trading this system.

tradeWerkz I

Though I've not attached this to my live brkr accnt yet...this provider's record is exemplary! Losses are far overshadowed by gains! Nice work!