Recent content by AcuteAngle

I think he's basing this (at least I hope he is) on the signal at 18:00 GMT on 21 August. By Mon, the price was around 1.6510 at 05:00 GMT, so I assume that's when he entered. Too early for me, and I wouldn't have taken a signal like that based on something that happened before weekend, but...

I think this is exactly what he's done yes. I don't like the way Cantor show the P&L if they don't put it in brackets or show a minus sign. Anyway, more importantly, I never even had an entry signal at 1.6510. I'm using FXCM - did anyone else get this (I've not actually had placed trades this...

2be - thanks for the comments. I am reading through the thread slowly. karl6666 - I don't know if you're referring to me, but I'm certainly not too excited by it. It looks promising, but most systems do on paper. I'm no expert trader, but I'm not exactly a novice either. I purchased it as I...

Yes true, and I will be checking higher timeframes to get an idea of trend, but I want to avoid adding more indicators to Sniper if I can. I know a few ideas have been mentioned, but there seems to be no clear advantage to adding anything else (unless I'm missing something). Of course, I don't...

Good stuff thanks Salvador.

I agree with this also. The key is identifying when the markets are trending, and when they aren't. Trading during a trend is actually pretty easy, its when your trend system gets caught in the chop you start to feel pain. Right now, I'm not able to evaluate Sniper like that. I just take the...

Hmm, I don't calculate like that. For G/U, a mini-lot pip is $1 USD and that means (currently) £0.61 GBP, or €0.70 EUR. I take my risk to be on the native account currency, not based on the currency the profits (or loss) occur in. The profits get converted back to native currency anyway. I...

First check the level of the Sniper stop, or previous high/low as (as per the manual). Lets assume its 60 pips. When you've got your SL point, you need to calculate your size. Lets say you risk 2% of a £10000. That means you're risking £200 max. Lets also assume we're trading mini lots on G/U...

Well for a start, say you always use 100 pips as your SL. What if the actual risk need only be 30 pips (based on whatever method or system you are using). Your just p1ssing away 70 pips for nothing when you could have closed out the trade already. Your SL also affects how much your posistion...

Funny, I was just about to post and ask Elefteros how it was going. Enjoyed reading through this.

Eh? Most of the comments I've seen here have been pretty negative about this product. I personally returned it for a refund a week before 30-days were up. I wouldn't suggest to anyone they purchase it personally. But please, offer up a competition - I'm always up for some free money.

Good link, thanks Sven. I'll have a play around with some values I find from testing some amendments to this myself.

Good stuff Matty, how long have you been doing this for, and what kind of win percentage have you got so far? I think a fundamental issue with the original setup the risk/reward ratio. So I'd be more inclined to go with something around 1:1.5 rather than 1.5:1. Of course, it depends on the...

Which firm is that out of interest? He almost sounds like a one-man band :)

LOL, we all want something to make us 1.5k a month mate, but I don't think there is any "system" being sold that will do this. If there is, I'd love to hear about it. The product is no longer for sale as far as I know, so if you've haven't purchased then no decision. If you have purchased, I'd...