Forex Trading System , Gary Pavkovich , Intraday. Historically the system has more winners than losers 2: A video and a chart example illustrate the system in action including a view of how the indicators look. Some results and testimonials make up the remainder of the main page, in actual fact there is also a page dedicated solely to a hugely impressive list of unsolicited testimonials spanning the past 3 years or so. The system is available as a demo for 7 days by simply filling out the on-line form, a sort of try before you buy offer.

With this comes full email support the same as those that have paid for the system which Gary will endeavour to answer as quickly as possible. The demo system full version of the live system will be sent within hours.

We also asked Gary for a break-down of the underlying trades and these were provided without question. Sniper Forex deliverables are, a 9 page Set Up Guide and 5 custom indicators for Meta Trader 4 MT4.

The first couple of pages of the Set Up Guide provide clear instructions on how to set up your MT4 platform to accommodate the custom indicators. Setup should take those with some experience of MT4 about 2 minutes and those without, less than 10 minutes. Additionally, there is instruction on how to set up the useful email alert function which is also quite a straight forward process. Entry, Stop and Exit rules are, wholly dependent on the custom indicators which are basically: To summarise, the Set Up Guide is well written and leaves one quite clear on set-up of MT4 and email alerts and approach.

Setting up this system, in Meta Trader 4 MT4 , as mentioned above is easy and should take no time at all, especially for those already familiar with the platform. There are certain conditions to be taken into account which allow for discretion. There are also some trade management options, trading different lots, staggered exit, etc. We chose the straight forward let the whole position run until the Exit criteria is met option.

Our major concern going into this review was that we would have to be trading This is a system that could not and cannot really be back-tested as entry occurs when all conditions are met. It is important to note that all the indicators can turn blue for a long , for example, intra-candle, at any time of the day. We traded this system from The reason we were able to do this is due to the way the system works, there is very little screen time involved at all.

The email and audible alerts from MT4 warn when a trade is imminent and a confirmation alert is issued when a trade has triggered.

But, it must be noted! There are still final checks to be made, the first being to ensure that both histograms line up and agree sometimes this is straight away, sometimes not.

Secondly, the other factors mentioned previously have to be taken into account, e.

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So, although the alerts are very useful, there are times where you do still have to wait around for exact execution. On these occasions, it is usually not too long to wait until one of two things happen, everything lines up and you take the trade or, the signal is negated and you wait for the next alert.

Systems For Traders | Sniper Forex Review – Gary Pavkovich

This approach does mean you have to be near your MT4 session or your email most of the day but it does not mean you are tied to your screen chart watching. Our typical approach was just to leave it running in the background during the day.

So, after checking the overnight position was there a trade and thus a potential entry each morning, screen time was minimal. The indicators are clear and the alerts on the MT4 screen and by email make Entry quite straight forward. When in a trade, as a trailing stop is employed, one does have to be around to adjust this on an hourly basis. So, although no great hardship, it does mean the system is still best suited to those that are around and near a screen most of the day.

We did have to overcome the issue of what to do with trades that were open going into overnight the time when we need to sleep. We decided to apply a trailing stop based on the current Stop level and it worked quite well. Thus, if we were short and the current price was and the stop was , we would employ a 61 pip trailing stop.

During August we had 13 trades with a profit of pips and in September, 17 trades with a profit of pips. These are not the same results as published on the Sniper Forex website. In fact we made quite a lot less than the published results in August and a few more than the published results in September.

In terms of win ratio etc.

Perhaps these statistics will improve as we progress, time will tell, however, even if we maintain these levels we will be happy enough, at present. This system is a little more time consuming than those we usually choose to trade but for those that are at or around a screen most of the day its not such an issue. We ran it as a kind of background process and simply reacted to the alerts and had no problems at all. Generally, Gary responded to most correspondence within 24 hours and more often than not within When the answers came they were typically to the point and helpful.

Do remember, your comments are important — If you have used or decide to use this system, please contribute to the community by reporting back your findings.

Forex Trading Systems : Sniper Forex, an Unbiased Review | Mechanical Forex

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One of the VERY few intraday Forex systems that worked for me, a lot of screen time though. Yes, we have added Sniper Forex to our Systems We Use list.

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