Robopip’s Monthly Forex Trading System Reviews
*beep beep boop beep*
After flying out to a galaxy far, far away to celebrate Star Wars Day (May the Fourth be with you!) with my fellow droids, I’m back with a plan to conduct forex trading system reviews every month.
I will be posting trading system parameters, backtesting results, and monthly forward-testing results every week. Once that’s done, I’ll do a rundown of the system’s performance, crunch the numbers in my high-speed processor, and churn out the grades based on my testing framework for mechanical systems, taking the following components into account:
Profitability: 20 points
What good is any system (mechanical or otherwise) if it’s not profitable? I will judge this purely based on the monthly forward-testing results and yearly backtesting P/L. A profitable system can get up to a total of 20 points, but any return less than 4% annually, which is what some banks already offer, will have a hard time getting points!
Risk Tolerance: 20 points
The level of acceptable risk for any system is another important characteristic that cannot be overlooked. Yes a system may be able to generate 1000% returns, but that becomes irrelevant if you are betting the galaxy on each and every trade.
To better measure the risk tolerance of a system, we will grade it based on two factors: maximum drawdown and the Sharpe ratio.
The Sharpe ratio helps you solve the additional compensation above a certain level that the system should yield for each additional unit of risk. Basically, the higher the ratio, the better.
Newbie-friendliness: 10 points
Since I’m aiming to guide newbies out in finding a good mechanical system, I’m looking for one that is simple and easy to understand. Ideally, this should be a system that can work across several programs and does not need genius coding skills at the level that I possess.
The problem with many traders is that they like to fill their charts with all these indicators and colorful lines. While this may work for some, for many this is highly unproductive and inefficient.
Bonus Points: Maximum of 3 points
Since I am a generous and kind machine, I am willing to give a system as many as three bonus points, depending on different factors. In your language, I believe they are called the “intangibles.” Such factors will include uniqueness, the human element, and the adaptability of the system.
For now, I’m thinking of reviewing the winners of the Best Forex Trading System Contest that we held lightyears ago. Sound like a good idea?
Of course I’m open to testing new mechanical trading systems too and I’m counting on you, dear humans, to share your systems or suggestions. Just post your ideas in the comment box below or catch me when I’m hanging out at the Free Forex Trading Systems section of the forums.
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I just finished the ETF Primer and it is well worth the money. I have been trading on and off for about 25 years and this is some of the best education I have come across.
Their entries and exits are very well defined and it would be very hard to blow up an account if you follow the rules. What I really liked and found unique is once you enter a trade you are looking on every bar for reasons to exit your position. Their higher level courses have ways to scale in an out and maximize your profit.
The Primer was 2 sessions plus a bonus scrolling party session. They record the sessions. I was only able to attend the final session live. So I ended up with about 100 screenshots, 14 hours of videos and a very usable system, even with the ETF Primer course. The instructors were helpful and knowledgeable and there was no pressure to spend more money for the next course.
Their training does require you to put in the effort and have discipline. There is homework and that homework did require a fair amount of time to complete. I am not affiliated with MAX Trading in any way, except for being a student. If you want to improve your trading, the Primer is a low cost way to do it.
it is surprised to see only less than 100 reviews so far.
i first did the primer in May 2013 and i have not submit my homework then. i did lite course in 2016 while i have not really studied it until 2017. if you ask me why i then pick them again, i have no idea.
Chris said in the primer course, 75% of the students are over 40 years old while at that time, i was less than 30 and i am certainly getting older. in total, i have watched each course at least 5 times and i just finished reading all other students' homework today.
i have found that, most students are just not doing good on their homework as many has obvious mistakes or can be improved. i can see the quality of students' homework before i see the comments from instructor now. what an amazing improvement since 2013. i know many students have not submitted their homework just as i did in 2013 and i know many students paid lots of time to horn their skills and make a killing in the market, which took a long time.
i hope those who are seeking the forex course consider this one. because:
1. it is not expensive to start
2. it has lots of free stuff
3. the course and teachers are really good
I took the course when i was in Australia while i have moved back to china since 2015. in china, the work is 996 ( 9 am-9pm, 6 days a week). so i did a little bit slow.
Exceptional school for the beginners to the highly experienced. HIGHLY HIGHLY RECOMMENDED!! I had taken a course with another school and after taking a course with MAX, I realized just how great these guys are. The instructors are honest and upfront and very dedicated. It is not an easy course when it comes to the brutal (I'm older so it's harder on me to take in and absorb) 4 hours live sessions/class and homework. If you are REALLY serious about learning forex, then Max trading is for you. Recent classes are downloadable so that you can go over the information as often as you want. This helped me a lot. They have available life trading by the instructor and he narrates as to the when's and why's. Forums for interactions between newbies and advanced students and traders. Don't settle with second best, go with MAX Trading
-The courses are expensive. But do you want to go to Poe Dunk college? Or do you want to go to Harvard? The old saying "You get what you pay for" really holds true here. If you can scratch the money together..GO WITH MAX!!
-Sometimes If I had a question, they did NOT get back to me. It's a busy place. Once I had asked the same question a few times but it went unanswered. Eventually I figured it out, but still. This didn't happen very often though.
I hope this helps you out. Contact them they are easy to talk with.
The guys at Max trading really know their stuff. Eusebio is a great lecturer and does not leave anything out.
I am really grateful to FPA for introducing the Max to newbies like my self.
Thank you guys for a wonderful system and I hope that in future I will be able to do the rest of the courses offered.
My first pips will be dedicated to the FPA and the Max.
My first introduction to the Max Trading System was the Max Standard Course in 2013. I have since done a refresher of Max Standard this year 2016 and am currently part way through a higher level course at the moment.
I started trading about 18 yrs ago when trading from home became a viable possibility with the advent of reliable internet access.
Before Max trading I did manage to achieve a level of success that justified the effort required but it was hard work and results were not always consistent. When I look back since doing the Max I marvel at how little I really did know about trading FX. The Max was a real eye opener. The thing that really gave me a heads up was the emphasis on when not to trade. Preservation of one's trading account is paramount and is stressed repeatedly throughout the course from the most basic to the more advanced.
Strategies to handle pretty much any situation are presented. How to recognise and handle different market conditions, news events and which ones to be aware of. For those completing courses there are invites to forums and often an invite to their online scrolling parties for practical support and Q&A. The support is second to none ongoing and relevant. As always though the decision to enter a trade is your own responsibility but Max Trading techniques I have found give one the tools you need to stay safe and build the confidence understanding and experience needed to run a successful trading enterprise either part-time or eventually full time.
One is encouraged to take time and not rush into serious live trading . For me personally The Max has become a game changer.
Maxers are a great bunch who did manage to teach an old dog new tricks and still learning
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Trading System Reviews
What is the best forex trading system on the market at the moment? Which free trading system will get you the results you need and which will eat away at you capital. Read all of our reviews below and see which systems are coming out on top.
Updated February 2012
Great Trading Systems has awarded
trading system a
Because of the issues Great Trading Systems has left Megadroid unrated.
Thought it was worth writing a few words about this free trial as I found it really good for..well….free!
GTS gives it a GGGGG rating.
Thought it wasalso worth writing a few words about this free trial.
GTS gives it a GGGGG rating for doing what it says on the tin. Whether that is good enough for you to part with your cash is another matter.
What happens when I submit my system for review?
Your system will be reviewed by a small panel of traders who will be looking for simply “does it do what it says on the tin”. This can involve some manual back testing of the rules and performance and also some forward testing to test how practical the system is i.e can you get the entries/exits that are stated in the system. The results will then be discussed with you before being published along side a summary of your system in this section.
Why would you want to submit your trading system for review?
There are a hell of a lot of systems out there than don’t do an awful lot and you need to separate yourself from them….assuming you have a system you believe in.
If you submit your trading system for review you will be entitled to provide a free link to the point of sale of your trading system. In other words…free advertising.
Most importantly, the review will be independent. There are so many “system” providers out there that have reviews but when you look at them they do not seem so independent. A great example is for a system call forex avenger. If you do a google search you will see there are tons of reviews. They usually state something great like “wait don’t buy forex avenger until you read this”. Naturally you are expecting a negative review but then it reads more like a 5 star guide to how everything is so great about the system. But when there are several sites doing the same review it becomes a bit obvious. Hopefully this is where GTS will differ. We will provide an honest review and as long as the review matches what the provider is advertising we’ll add it to the list. Simple. And don’t worry we are not expecting completely perfect systems….I don’t believe they exist. Real tradable systems will do.
If you would like to submit your forex trading system for review please contact
Well be accepting systems for review from the 1st July 2009
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