pedro01
Guest
- Messages
- 1,058
- Likes
- 150
I got to this site through a Google search when I was researching the feedback on John Paul's system before purchasing it. I found the review on About.com, which I posted here. I was then pounced on as being a newbie and you all tore into it.
I purchased the system and so far have been satisfied. Of course my results are only short term.
What you really want to know is if I am a shill for John Paul. No I am not. The At the Open system seems to work more than not.
As for the large stops, you can temper those to your liking. I have to agree that if you tighten them too much, you will be stopped out. Of course there are going to be days when you will lose at 6 pts., which is a lot. However it seems you will win more than lose.
If you don't like the system, don't buy it. But how does your trading system compare? You call JP on the carpet, but I don't see you comparing your trading system against his. How do your indicators stack up? What's your record for winning trades between 9:30 and noon ET ?
It is not a matter of comparing trading systems.
With a 5 to 2 stop loss profit target ratio, the system would need to produce more than 72% win rate to have an edge over random entry. I am working on a system that is showing a 60% win ration with a 1:1 stop loss/profit target ratio and I am working on improving upon that.
I am not trying to put him down or otherwise, just trying to figure out enough to see if it warrants the $$$ charged.