Like many other, I joined when the system had a very high return, low drawdown. Unfortunately like many other systems on C2, this system has fallen apart. It started with the vendors "love affair" with the Yen (especially GBPJPY), where numerous losses were taken going long, when the pair were in a sustained down trend. More than 50% of the trades were Yen related. The vendor had changed the way he was trading, and then I think he lost his nerve, and has unintenionally changed the way he is trading. The system has had runs of 10 losers in a row, and now another 6 in a row (and two more open that are in loss). This has made the systems current return vs drawdown not acceptable. Even if I had not got in at the peak, I would now have severe doubts about this system.
Enough is enough. Vendor is friendly and helpful but now the losses are too much. He changed the system back in July and it's been downward ever since. Now amost all subscribers since the Spring are losing money, and since the Summer are losing big money.
Again (like with the JPY), Si tries to trade against major trends, 8 losers in a row are a tough call. I am not sure wether the reason for these losses lies in the change of his strategy or the weird markets right now. I would like to know the reason for certain trades but he maintains everything secret. Maybe it´s better to sit back and to rethink the strategy...
Si, I am new subsciber to your system. I was wondering why you decide to make change to the system given that your past results are doing very well. Is there a chance you would switch back to the original system ?
Recent Drawdown was alarming.
However in reviewing the lengthy trade hisory I have a lot of confidence in Si. If you are overleveraging your account you got stung, and if you think you are not going to have losses in something as complex and risky as the forex markets then I can recommend a nice 8% mutual fund.
KEEP UP THE GOOD WORK SI.
Your system will suceed. I have full faith and confidence in your abilites as a trader. Quit answering and looking at negative emails and focus on the trade! You WILL make us money.
dkitch.
the autor admits that he changed the system; he should have warned subscribers! people rely on past results to judge if they want to participate. results now are terrible!
System has 6 great consecutive losses. Terrible. With risk of 5% in each trade, i losr more than 25% of my account. It seems, after making system free for autotrade, author made some corrections to systems, to generate more trades for higher broker fees. Will see on more month for it. B
To go against the markets his very risky. And this system does nothing else. I hope the system developer has a good indication for the opening of trades. Top pickers and bottom pickers become cotton pickers. Let`s hope the best!
Is it a swing system? Maybe. Scalping system? Not sure and don't care. Makes money? YES. Subscribed & traded manually for 1 month then switched to auto last couple weeks (recommended). The numbers posted on C2 are indeed accurate. I recommend following the money trail posted and make your own decision - stoplosses and all.
To follow the last reviewer - I have been autotrading this system with reasonably accurate results (within a couple of pips) and with no significant problems. This system works very well for me.
I think the target in FX is making money - and that this system achieves almost in perfection. If this ws stock market I would think the trades were originated from inside info. I´m following this system in demo account for +2 months and started live trading it a few days ago.I must say that I´m very impressed and this is not only helpful to gain some money, but it´s also the living proof that FX can be the only source of money for you, so it´s a major inspiration to keep trying to learn TA and Fundamental A. Big thanks to Si Nguyen, and I hope you never leave us (at least until I can be half as ood as you are).
I can't argue against the results or smooth equity curve. What did bother me as a subscriber was that trades are entered with fixed stop-loss and take-profit points - however these were rarely allowed to play out. So, a system that looks sound and controlled seems to readily morph into a scalping system which is certainly not what I was interested in.
This system has performed well , its has a good win/loss and it has a reasonable ave win/ave loss profit ratio. One concern, the stoploss level could be a little excessive. I think if your taking poisitions based on fndamentals and also techs you need to have more specific targets rather than just 100-200 point stops and 200-300 profits. I say this is because i note that none of the trades have really ever run their distance, therefore the risk/reward ratio could at times be under quite a bit of pressure. If this was tweaked it would perform very well over the longer term because i like the dual analysis. Stick with this system and give it some time to mature. Well done Si !
I do not care so much about the past week's losses or drawdowns, as a truly good system must be consistently successful in the long term. So far in its still short history VN Forex Club fits that bill. The win % is good and the win/loss factor also. What I like best about the system is that every trade is entered with a stop and take profit target. Most trades actually get subsequently closed before hitting either of those levels, but with the pre-defined stop levels I know exactly for each trade what the maximum loss will be (typically around 200 pips). I also like that the system vendor often uses spikes to enter trades or take profits.
It seems that everyone ranks this system as 5 star so far. I'd like to voice some concerns about it. True, we had some nice rides for the last month, that is why everybody likes it. But every system has its ups and downs. We are having some serious downs right now and I hope people can have more balanced view on it.
I have been following this system for a few weeks now and I must say that I am very impresssed with the results. When I receive the signals through yahoo messenger I find that I can always get in at the same price or better through my manual trades. I really like that the system holds trades for big profits and has stops placed for each trade I get in. Si Nguyen has always been there to answer all my questions which is a big plus. Keep up the great work.
