After commisions and fees the system has remained flat for a year. On top of that the fees were increased from $89 to $99 a couple of months ago (I know Wayne had his reasons but that is his problem not us). It is a shame since the system would've been profitable with a fairer fee schema (e.g. pay only if month is profitable). At the moment the only one making money out of SuperrPips is Wayne I believe so I'll be walking out if SuperrPis doesn't become profitable somehow soon.
As seen from the equity curve, this systems trading was impressive until about mid April 2012. Since then the volatility of this system has dramatically increased, win percentage has fallen quite a bit, and the system is not performing well. I think a switch to pay only if profitable would be an improvement.
This is an opening range breakout system with Sunday evening providing the basis for the targets for the upcoming week. Based on my backtesting, this system does not have a significant edge. In my opinion, the positive equity curve has resulted as much from luck as from skill. In other words, I am bailing out.
The return has been negative since Feb'12 including costs/comm. 7 month is a long period without positive return. Although overall stats still look good, especially return vs. max drawdown, recent results show the strategy has lost its edge. It deserves no more than 2 stars due to the recent poor performance.
Needs to step up really in the following weeks. Running into its biggest drawdown in 15 months. Needs to prove that this is just a normal drawdown instead of being an outdated trading system.
One down month after more than a year and the crowd starts throwing rotten fruit. This system is mechanical, so sometimes it will lose by ignoring the news buzz, but mostly it wins by doing so. If August is like July, I'll reconsider, but for now, look as his equity curve and cut the guy some slack.
Last review is too harsh, subscriber may have signed up 2-4 weeks ago. But the system is definitely out of touch with the market, as it is buying at highs and selling at lows at well defined supp/res levels. One has to admit that all good systems become obsolete at some point, this may be the time now for SuperrPips. I give it 5 stars for having been one of best systems of all times here at C2. Happy subscriber for several months, I may be signing off soon after a good long ride.
I started in May with 6 losses in a row. But each trader has some bad spells and you need to give time for any system.
I find the entry levels are good but lately the system close trades before reaching the limit which in my view I would prefer to move the stop to breakeven and try to reach the limit.
All in all the system is good and the communication with the trader is excellent.
It is suitable for me where I am looking for few trades a week low risk.
I think the last reviewer must be a recent subscriber. This is a good system. Vendor uses stops and limits, winning % is higher than 50% and avg win is greater than avg. loss. Sharpe of 3.7. Anyone who has stuck with this system for at least 2 consecutive months has made money. You can sleep with this system - you are not going to lose your account in 1 day like you can with other C2 systems.
With 60% profitable wins this system's average loss vs average wins is out of balance. Entry points were good but for some reasom the trader is not able to realize profts (above 40-50bps) but rather waits to the extreme and loses out in the end...I experienced a few time good profits that turned into bad losses just because it wasn't ralizing profits on time
I like the alertness and willingness of the vendor to deviate from his preset formula when common sense demands it unlike vendors like Venters AUD/NZD (now renamed VEN FX) who let big gains deteriorate into big losses apparently thinking he had discovered the Holy Grail. And it certainly is not a Martingale system like PIPALERT, for exampple. I still wish though he would use market instead of stop orders which, particular for this system, lend themselves to stop hunting which in fact has occurred in the past.
I'm cautiously optimistic about this system. On the pro side, dev seems to be consistent with its risk/reward ratio and with his overall strategy, which in is IMHO key for a succesful system. He may have an edge, and his edge may work across market conditions, emphasis on 'may'. On the con side, $89 is expensive when a month is not profitable. Would be nice to see dev gaining TOS status and put his money on the line. Also system is still young and not proven. Time will tell.
I have been a subscriber for some time. I think that the best indicator of the robustness showed by this system so far is the mildly negative performance of February, a month when most of the fx systems have experienced severe drawdowns.
I probably didn't give it enough of a chance. I have to be fair, this system is one of my favorite's in C2. The gain per trade is very good. I just don't like the conditional orders, it just doesn't work well with MB auto trade. The developer seems to study the market for the week and place his orders at the start of the week right after the weekend. It has a sound strategy. Wish him and it's subscribers the best. A 3 star rating for Good.
