Sniper Forex System

[fulham1985]

Haven't read all of this thread (too many pages) so i was wondering whether the GBP/AUD is ever traded on this system. I'm still trying to understand it totally.

 

[forexkunta]

I don't recall seeing anyone trade that pair with Sniper, but try it on a demo account. I have never tried it due to spread issues. I tend to stick with pairs that have a high daily average range. G/A has had a daily range for the last 7 days or so of 219 which is not bad.
Hope this helps,
Kent

Haven't read all of this thread (too many pages) so i was wondering whether the GBP/AUD is ever traded on this system. I'm still trying to understand it totally.

 

[pircj]

Gary's results for February

Hi guys,
long time no hear from me... but I am doing well...

Did you see what Gary posted as the results for February? Is he hiding something? Why he is only showing partial results? Do you trust his results?

Maybe someone remembers he was posting all his trades for the whole month every month. Anyone has this files still? Can you share? Because now he is not giving us the results for the whole month but just partial results and we can't check how he is trading.

My demo shows that he must be doing something different because my results are different than his.

Looking forward to receiving your comments.

This is what he was sending by email on March 1st:
---
Subject: "only" 140 pips in February!

Lucky for us there were a few big short trades in February, otherwise this may well have been our first losing month in over 2 years. This was a big losing month for many forex systems and traders, hedge funds and banks alike. Never the less, "SniperForex" catches EVERY major trend. Here's how we finished the month off....

 

[Vaco]

is it even still Gary, sure i saw somewhere that he was selling the business on ebay. The website has since had a make over and his photo looks 20 yrs younger.

The system may be ok but there is certainly some snake oil been used to increase sales.

 

[fulham1985]

I don't recall seeing anyone trade that pair with Sniper, but try it on a demo account. I have never tried it due to spread issues. I tend to stick with pairs that have a high daily average range. G/A has had a daily range for the last 7 days or so of 219 which is not bad.
Hope this helps,
Kent

Thanks!

 

[GumRai]

Re: Gary's results for February

Hi guys,
long time no hear from me... but I am doing well...

Did you see what Gary posted as the results for February? Is he hiding something? Why he is only showing partial results? Do you trust his results?

Maybe someone remembers he was posting all his trades for the whole month every month. Anyone has this files still? Can you share? Because now he is not giving us the results for the whole month but just partial results and we can't check how he is trading.

My demo shows that he must be doing something different because my results are different than his.

Looking forward to receiving your comments.

This is what he was sending by email on March 1st:
---
Subject: "only" 140 pips in February!

Lucky for us there were a few big short trades in February, otherwise this may well have been our first losing month in over 2 years. This was a big losing month for many forex systems and traders, hedge funds and banks alike. Never the less, "SniperForex" catches EVERY major trend. Here's how we finished the month off....

Gary's results have always differed from those who are trading with Sniper.
Wasn't December a losing month? It is posted as a losing month, yet you get an email saying that there has not been a losing month for over 2 years??!!

 

[GumRai]

I forgot to add that Trendie posted some results that he had recieved, I think that it was for November and there was about a week of trades missing

 

[GumRai]

Yes, a while back the picture on the website showed him as looking much younger - must have spent some of his money on plastic surgery :cheesy:

Now it's been replaced with a cartoon that looks quite sinister at times, especially when the eyes follow the cursor..

 

[salvadorveiga]

Re: Gary's results for February

Gary's results have always differed from those who are trading with Sniper.
Wasn't December a losing month? It is posted as a losing month, yet you get an email saying that there has not been a losing month for over 2 years??!!

December for Gary was not a losing month because he stoped trading it after the first week. It was a scratch month with a +30 pip result or something.

not to say that something may be stinking on that area...

 

[dreadnought101]

Hi to all.
I have read right through this forum and found the information contained within to be very helpful, so thank you to all the active participants.

Having manually traded another trend based system for nearly 1 year I am looking to add sniperfx to my portfolio. Once I've run things on demo for several months I would be happy to contribute my results/experiences on a live account.

I have a couple of quick questions for Kent/Forexhunta; do you still use the 21 period sma to filter trades? Are you running Sniper on the default 30 period or 40?

Also it would be great if Greenfield could update with his results for Feb and since he began.
Thanks all.

 

[forexkunta]

Hi to all.
I have a couple of quick questions for Kent/Forexhunta; do you still use the 21 period sma to filter trades? Are you running Sniper on the default 30 period or 40?
Thanks all.

Dreadnought,
Welcome to the SF thread. I have actually changed that 21sma to a 34 period ema. But that is my personal preference. I am running Sniper on the default settings. I have played with other settings but always come back to the default. My advice would be to not play with the settings, they are good where they are. Also, follow the rules and you will be fine.
Kent

 

[GumRai]

Re: Gary's results for February

December for Gary was not a losing month because he stoped trading it after the first week. It was a scratch month with a +30 pip result or something.

not to say that something may be stinking on that area...

I had looked at the results on the website and because December's result was a different colour, I thought that it was minus 8 pips. I now see it is plus 8 pips. Yes I got an email, I think about the 10th December advising to stop trading until the New Year.
Gary must have been the only person on the planet that could have traded with Sniper (on Cable) in December and made a profit!

 

[greenfield]

Also it would be great if Greenfield could update with his results for Feb and since he began.

Hello dreadnought101,
Strangely enough this is only the 2nd month, since April last year, that I've ended up with more points than Gary. I made 243 pts in February – 12 pts per day. That's less than average. The optimum TP would have been at 50, making an average of 15 pts per day.

It's just a guess but the difference may be down to some of the big moves that sometimes continues over the weekend. I 'play it by ear' but quite often close ½ a position on Friday and let the rest run. An example of this is last weekend. I closed ½ at a loss of 34 pts, the rest was stopped out on Monday at a gain of 248 pts. I'm not advocating this – it's quite scarey at times, and doesn't always work in my favour.

There are quite a few rules that are not exact, such as taking a trade at 6.00 hours (“price is within the range of 30-50 pips”), the exact length of a very long preceding bar that a trade should not to taken after, placing a SL '5-10 pips' away from the dot etc. So no 2 people will ever get the same results.

But even so, I don't think this explains the differences between Gary's results and those that I get, those that GumRai was getting when he was detailing results last year, and others that I've seen on other bulletin boards.

For the last 10 full months, my results work out at 62% of those on the website. People can make up their own minds as to why this difference exists.

GumRai – I traded the same number of days through December as Gary. It was, for me, the only losing month, since April. A very big losing month. It made a major dent in total points. Up til then, I was able to say that I was averaging about 20 pts a day. It now works out, from 214 days (265 trades) at 16 pts a day (the optimum TP at 160 making 21 pts a day).

Whatever criticisms that can be made about the results as posted on the site, I'm staying with this. I still think that a system that results in 16, up to 21 pts a day is a successful system that actually delivers the goods.

 

[forexkunta]

Re: Gary's results for February

GR,
+64 pips for Dec. It WAS a tough month.
Kent

I had looked at the results on the website and because December's result was a different colour, I thought that it was minus 8 pips. I now see it is plus 8 pips. Yes I got an email, I think about the 10th December advising to stop trading until the New Year.
Gary must have been the only person on the planet that could have traded with Sniper (on Cable) in December and made a profit!

 

[dreadnought101]

Re: Gary's results for February

Hi guys,
long time no hear from me... but I am doing well...

Did you see what Gary posted as the results for February? Is he hiding something? Why he is only showing partial results? Do you trust his results?

Maybe someone remembers he was posting all his trades for the whole month every month. Anyone has this files still? Can you share? Because now he is not giving us the results for the whole month but just partial results and we can't check how he is trading.

My demo shows that he must be doing something different because my results are different than his.

Looking forward to receiving your comments.

This is what he was sending by email on March 1st:
---
Subject: "only" 140 pips in February!

Lucky for us there were a few big short trades in February, otherwise this may well have been our first losing month in over 2 years. This was a big losing month for many forex systems and traders, hedge funds and banks alike. Never the less, "SniperForex" catches EVERY major trend. Here's how we finished the month off....

Hi pircj. I had asked Gary for a breakdown of his February trades and he emailed me a transcript, the details are below.

26-Feb-10Sell £10.0 @15,215.30536426726-Feb-10 Buy £10.0 @ 15,249.305365699
26-Feb-10Buy £10.0 @15,282.70536128926-Feb-10 Sell £10.0 @ 15,223.105363527
25-Feb-10Sell £10.0 @15,245.60535734526-Feb-10 Buy £10.0 @ 15,245.605359876
24-Feb-10Sell £10.0 @15,393.10535378625-Feb-10 Buy £10.0 @ 15,243.505355426
24-Feb-10Sell £10.0 @15,404.10534987224-Feb-10 Buy £10.0 @ 15,395.405351289
23-Feb-10Buy £10.0 @15,531.60534572023-Feb-10 Sell £10.0 @ 15,500.005347251
22-Feb-10Buy £10.0 @15,490.30534127622-Feb-10 Sell £10.0 @ 15,474.005343278
18-Feb-10Buy £10.0 @15,640.20534045318-Feb-10 Sell £10.0 @ 15,590.005340638
18-Feb-10Sell £10.0 @15,679.20533993718-Feb-10 Buy £10.0 @ 15,645.005340320
17-Feb-10Sell £10.0 @15,749.70533975317-Feb-10 Buy £10.0 @ 15,681.405339872
17-Feb-10Buy £10.0 @15,801.70533953817-Feb-10 Sell £10.0 @ 15,745.005339653
16-Feb-10Buy £10.0 @15,783.50533912517-Feb-10 Sell £10.0 @ 15,765.005339354
16-Feb-10Buy £10.0 @15,772.50533862716-Feb-10 Sell £10.0 @ 15,781.805338973
16-Feb-10Sell £10.0 @15,676.00533646716-Feb-10 Buy £10.0 @ 15,715.005337628
16-Feb-10Buy £10.0 @15,702.50533467116-Feb-10 Sell £10.0 @ 15,675.005335627
15-Feb-10Buy £10.0 @15,675.60533257915-Feb-10 Sell £10.0 @ 15,653.305333890
15-Feb-10Sell £10.0 @15,633.10533072815-Feb-10 Buy £10.0 @ 15,655.005331748
12-Feb-10Sell £10.0 @15,645.90532827812-Feb-10 Buy £10.0 @ 15,664.605329179
11-Feb-10Buy £10.0 @15,696.60532563712-Feb-10 Sell £10.0 @ 15,665.005326345
11-Feb-10Buy £10.0 @15,676.00532245311-Feb-10 Sell £10.0 @ 15,694.105324378
11-Feb-10Sell £10.0 @15,575.90532076311-Feb-10 Buy £10.0 @ 15,640.005321849
10-Feb-10Sell £10.0 @15,585.00532013511-Feb-10 Buy £10.0 @ 15,637.405320542
10-Feb-10Sell £10.0 @15,648.10531763010-Feb-10 Buy £10.0 @ 15,587.805319876
09-Feb-10Buy £10.0 @15,688.90531428910-Feb-10 Sell £10.0 @ 15,673.205316438
09-Feb-10Buy £10.0 @15,640.50531198709-Feb-10 Sell £10.0 @ 15,686.105312089
09-Feb-10Sell £10.0 @15,586.50531098709-Feb-10 Buy £10.0 @ 15,620.405311835
09-Feb-10Buy £10.0 @15,611.50530987609-Feb-10 Sell £10.0 @ 15,580.005310425
08-Feb-10Buy £10.0 @15,611.80530913508-Feb-10 Sell £10.0 @ 15,589.205309538
08-Feb-10Buy £10.0 @15,578.90530776208-Feb-10 Sell £10.0 @ 15,609.305308720
08-Feb-10Sell £10.0 @15,619.90530387408-Feb-10 Buy £10.0 @ 15,569.505304283
04-Feb-10Sell £10.0 @15,757.90529691205-Feb-10 Buy £10.0 @ 15,601.505302065
03-Feb-10Sell £10.0 @15,897.40529387804-Feb-10 Buy £10.0 @ 15,760.005296738
03-Feb-10Sell £10.0 @15,976.00529132203-Feb-10 Buy £10.0 @ 15,895.005292383
02-Feb-10Buy £10.0 @15,968.30528973203-Feb-10 Sell £10.0 @ 15,995.005291022
01-Feb-10Buy £10.0 @15,955.90528649002-Feb-10 Sell £10.0 @ 15,940.805287209
01-Feb-10Buy £10.0 @15,930.80528373801-Feb-10 Sell £10.0 @ 15,953.405285647

I don't know why he would have sent you out a truncated statement. I must be interpreting this statement incorrectly as I make the points tally 241, which would concur with Greenfields figures.

Thanks for that info Greenfield, it is very encouraging to hear about the actual live results that you are achieving with the stock system. Hats off to you for being able to manually trade a system running off a 1 hour candle, as I find 4 hour candles enough of a challende to keep up with, albeit I am trading 7 pairs rather than 1.

My intention with Sniperfx is to run it in default mode across 6 pairs in both the 1H and 4H timeframes and use the donnaforex EA to manage the trades. I feel that multiple pairs across both timeframes should smooth the equity curve but I will have to wait and see, clearly it wouldn't be practical to trade like this manually.

 

[pircj]

Re: Gary's results for February

Hi dn101,
I asked gary also for his results and he sent me the same. Attached is Excel with pips analysis - ending at around 235pips which is very different from what he is posting - unles some trades are duplicated or I don't understand the report. Please check and let me know if pips calculation is OK. I will also check his trades and compare to signals I got.

Regards, J

Hi pircj. I had asked Gary for a breakdown of his February trades and he emailed me a transcript, the details are below.

26-Feb-10Sell £10.0 @15,215.30536426726-Feb-10 Buy £10.0 @ 15,249.305365699
26-Feb-10Buy £10.0 @15,282.70536128926-Feb-10 Sell £10.0 @ 15,223.105363527
25-Feb-10Sell £10.0 @15,245.60535734526-Feb-10 Buy £10.0 @ 15,245.605359876
24-Feb-10Sell £10.0 @15,393.10535378625-Feb-10 Buy £10.0 @ 15,243.505355426
24-Feb-10Sell £10.0 @15,404.10534987224-Feb-10 Buy £10.0 @ 15,395.405351289
23-Feb-10Buy £10.0 @15,531.60534572023-Feb-10 Sell £10.0 @ 15,500.005347251
22-Feb-10Buy £10.0 @15,490.30534127622-Feb-10 Sell £10.0 @ 15,474.005343278
18-Feb-10Buy £10.0 @15,640.20534045318-Feb-10 Sell £10.0 @ 15,590.005340638
18-Feb-10Sell £10.0 @15,679.20533993718-Feb-10 Buy £10.0 @ 15,645.005340320
17-Feb-10Sell £10.0 @15,749.70533975317-Feb-10 Buy £10.0 @ 15,681.405339872
17-Feb-10Buy £10.0 @15,801.70533953817-Feb-10 Sell £10.0 @ 15,745.005339653
16-Feb-10Buy £10.0 @15,783.50533912517-Feb-10 Sell £10.0 @ 15,765.005339354
16-Feb-10Buy £10.0 @15,772.50533862716-Feb-10 Sell £10.0 @ 15,781.805338973
16-Feb-10Sell £10.0 @15,676.00533646716-Feb-10 Buy £10.0 @ 15,715.005337628
16-Feb-10Buy £10.0 @15,702.50533467116-Feb-10 Sell £10.0 @ 15,675.005335627
15-Feb-10Buy £10.0 @15,675.60533257915-Feb-10 Sell £10.0 @ 15,653.305333890
15-Feb-10Sell £10.0 @15,633.10533072815-Feb-10 Buy £10.0 @ 15,655.005331748
12-Feb-10Sell £10.0 @15,645.90532827812-Feb-10 Buy £10.0 @ 15,664.605329179
11-Feb-10Buy £10.0 @15,696.60532563712-Feb-10 Sell £10.0 @ 15,665.005326345
11-Feb-10Buy £10.0 @15,676.00532245311-Feb-10 Sell £10.0 @ 15,694.105324378
11-Feb-10Sell £10.0 @15,575.90532076311-Feb-10 Buy £10.0 @ 15,640.005321849
10-Feb-10Sell £10.0 @15,585.00532013511-Feb-10 Buy £10.0 @ 15,637.405320542
10-Feb-10Sell £10.0 @15,648.10531763010-Feb-10 Buy £10.0 @ 15,587.805319876
09-Feb-10Buy £10.0 @15,688.90531428910-Feb-10 Sell £10.0 @ 15,673.205316438
09-Feb-10Buy £10.0 @15,640.50531198709-Feb-10 Sell £10.0 @ 15,686.105312089
09-Feb-10Sell £10.0 @15,586.50531098709-Feb-10 Buy £10.0 @ 15,620.405311835
09-Feb-10Buy £10.0 @15,611.50530987609-Feb-10 Sell £10.0 @ 15,580.005310425
08-Feb-10Buy £10.0 @15,611.80530913508-Feb-10 Sell £10.0 @ 15,589.205309538
08-Feb-10Buy £10.0 @15,578.90530776208-Feb-10 Sell £10.0 @ 15,609.305308720
08-Feb-10Sell £10.0 @15,619.90530387408-Feb-10 Buy £10.0 @ 15,569.505304283
04-Feb-10Sell £10.0 @15,757.90529691205-Feb-10 Buy £10.0 @ 15,601.505302065
03-Feb-10Sell £10.0 @15,897.40529387804-Feb-10 Buy £10.0 @ 15,760.005296738
03-Feb-10Sell £10.0 @15,976.00529132203-Feb-10 Buy £10.0 @ 15,895.005292383
02-Feb-10Buy £10.0 @15,968.30528973203-Feb-10 Sell £10.0 @ 15,995.005291022
01-Feb-10Buy £10.0 @15,955.90528649002-Feb-10 Sell £10.0 @ 15,940.805287209
01-Feb-10Buy £10.0 @15,930.80528373801-Feb-10 Sell £10.0 @ 15,953.405285647

I don't know why he would have sent you out a truncated statement. I must be interpreting this statement incorrectly as I make the points tally 241, which would concur with Greenfields figures.

Thanks for that info Greenfield, it is very encouraging to hear about the actual live results that you are achieving with the stock system. Hats off to you for being able to manually trade a system running off a 1 hour candle, as I find 4 hour candles enough of a challende to keep up with, albeit I am trading 7 pairs rather than 1.

My intention with Sniperfx is to run it in default mode across 6 pairs in both the 1H and 4H timeframes and use the donnaforex EA to manage the trades. I feel that multiple pairs across both timeframes should smooth the equity curve but I will have to wait and see, clearly it wouldn't be practical to trade like this manually.

 

[pircj]

Hello dreadnought101,
Strangely enough this is only the 2nd month, since April last year, that I've ended up with more points than Gary. I made 243 pts in February – 12 pts per day. That's less than average. The optimum TP would have been at 50, making an average of 15 pts per day.

It's just a guess but the difference may be down to some of the big moves that sometimes continues over the weekend. I 'play it by ear' but quite often close ½ a position on Friday and let the rest run. An example of this is last weekend. I closed ½ at a loss of 34 pts, the rest was stopped out on Monday at a gain of 248 pts. I'm not advocating this – it's quite scarey at times, and doesn't always work in my favour.

There are quite a few rules that are not exact, such as taking a trade at 6.00 hours (“price is within the range of 30-50 pips”), the exact length of a very long preceding bar that a trade should not to taken after, placing a SL '5-10 pips' away from the dot etc. So no 2 people will ever get the same results.

But even so, I don't think this explains the differences between Gary's results and those that I get, those that GumRai was getting when he was detailing results last year, and others that I've seen on other bulletin boards.

For the last 10 full months, my results work out at 62% of those on the website. People can make up their own minds as to why this difference exists.

GumRai – I traded the same number of days through December as Gary. It was, for me, the only losing month, since April. A very big losing month. It made a major dent in total points. Up til then, I was able to say that I was averaging about 20 pts a day. It now works out, from 214 days (265 trades) at 16 pts a day (the optimum TP at 160 making 21 pts a day).

Whatever criticisms that can be made about the results as posted on the site, I'm staying with this. I still think that a system that results in 16, up to 21 pts a day is a successful system that actually delivers the goods.

Hi Greenfield,
how your signals compare to Gary's? Similar? Same?

Can you post your results for February to compare?

I agree no two persons can trade this (and any other for that matter) system manually the same. Do you follow his rules to the point? 50pips reentry, 10pips beyond sniper stop? Which news do you avoid? You close 1h prior to some news or you don't trade at all on the day of some major news? Which?

Thanks a lot for your great efforts to help us achieve better results with Sniper.

I like Sniper a lot - actually the reason I am using it is because I was using HMA30 before and then I found Sniper which was almost the same as my strategy. Strangely enough I was using also ATR stops (Sniper stop) and Braintrend (Trend A). He added PSAR (Trend B) which avoids some bad trades...

Wr, J.

 

[Vaco]

pircj,

you say that the sniper stops are atr stops?

where would i find an atr stop if i didn't have sniper, have you got this indicator for mt4?

 

[pircj]

Hi Vaco,
I made an ATRStops indicator with tons of possible settings. PM me and I will send it to you.

Regards,
J

pircj,

you say that the sniper stops are atr stops?

where would i find an atr stop if i didn't have sniper, have you got this indicator for mt4?

 

[salvadorveiga]

pircj,

you say that the sniper stops are atr stops?

where would i find an atr stop if i didn't have sniper, have you got this indicator for mt4?

yes they are. i've posted here for different times the sniper stops and an atr stop on top of that... the lines coincide pretty much all the time