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.
Not worth $500 per month. Also not worth $1000 per month, which is what he charges for "Timezone 1" and "Timezone 2" together, which are apparently the SAME system but traded during different time zones, get it?
Although the latest two trades have been disappointing, I think the previous review is too harsh. Before the setback Zen FX was in the top tier of more efficient system in terms of Expectancy/contract traded/hours exposed to mkt risk. Now it is an average system but this does not mean that it is fundamentally flawed as the reviewer was implying. As a subscriber, I hope that the system comes back to the excellent levels that attracted me. Otherwise we have the right to walk away.
Lost 10% of equity in two trades whereas vendor claims max. 4% risk per trade. Risk management is very poor. Leaving trades open at weekend as stoplosses are meaningless due to gap opens. A typical amateur.
It's great when a developer believes in a system. It's absolutely stupid when a developer believes he can do no wrong and isn't smart enough to get out of a losing trade, but rather doubling and then tripling down in order to claw back the losses.
And when the developer says he is "TOS", look at how much he is trading - $10,000 is the investment.
Prasie be to god that he hasn't lost more than what he has already lost...
Seems to have lost it's mojo. On the biggest up day of the year the system sat idle. Don't know if it will be able to regain it's winning ways or continue to stumble like so many other past winners on C2
Trades like an experienced trader, using good risk management. Also trades a couple of different markets so there are plenty of trades taken. His stats tell the rest of the story.
I subscribed at the wrong time but trading high lot amounts on a jobs report Friday during a week of tumultuous activity in Europe was not good trading.
WARNING!!! ----- STAY AWAY
This trader gets greedy very easy and becomes very dangerous plus as a system 80% of the trades start going against you immediately, the stops are set far away with the idea of capture a small gain if the pair returns to the entry point, but when it doesn't see what happened at the end of May 2012.
I'm happy with this system so far. The developer is very experienced, uses targets and stops, and doesn't double down. Nice to have money invested outside of the stock and bond markets during all of this central bank craziness. Working well in my OEC account, no execution issues. Four stars for now since the track record is just getting started.
System has missed majority of down move trading long and consistantly losing on these trades. Often buys at highs and sells at lows of market moves. Probably better as a cntrary indicator!
I've been autotrading More Capital for a few months and it seems to me that the developer has now lost confidence in his own strategy. Average loss size is rapidly increasing while average gains do the opposite, to me this is a much worse sign than the present day drawdown which is still acceptable. Explanations by the developer about his trading behaviour are not always understandable
Well, not so good during the past month (note the equity chart is messed up on April 22). Extra stars for the honesty / openness to display the number of current subscribers.
The system vendor is boastful, claiming to have found the holy grail of trading. As usual, the markets have their way of sobering up those who think they have figured them out. Just another loser I'm afraid.,
Takes small profits quickly and lets the losers run. Would like to see the opposite. It had nice gains during the market run up, but just making my broker happy now.
I have been auto trading MORE Capital for 2 months now. My results have not been very good. Commissions, subcription and auto trade fees I dont think I have made any profits. 65 percent win rate and losing amount nearly equal to winners makes this system break even at best. How many starts to you give a system that hasnt produced??
