OVERVIEW

Please note, we used this system for 6 weeks and recorded all our actual trades - That's what makes SystemsForTraders reviews different.  We do not re-iterate marketing text from a sellers website nor do we cut and paste affiliation sales copy.  Our reviews are conducted by experienced traders that have really traded the system, over a 6 week period in this case.

This system headlines with "Learn how to make 300 to 500 Pips a week with 87% accuracy" - 4 X Pip Snager is a "new Forex system that will change how you trade forever".

Three sample videos on the website illustrate a number of trades and there are also over a dozen screen shots, all falling into the 87% accurate winning trades.  There's then a dozen or so unsolicited testimonials.

This is in fact 3 systems:

-  4x Pip Snager Scalper system

-  4x Pip Snager Day Trader system

-  4x Pip Snager Swing Trader system

Being a Clickbank product it has a 100% money back guarantee.

THE systems

The instruction manual, 69 pages of it, makes it apparent that EURUSD is the best currency to trade for the Scalper and Day Trader systems.  The Swing Trader system was "Written on the spur of the moment" and is not too different to the other two so we did not trade it.

Best time-frame is 08:00 - 10:30 London time for Scalper (1 minute chart) and Day Trader (5 minute chart) so that's what we traded.

Entry is more or less 60-85% mechanical, Stops and Targets are more discretionary.  Stops for Scalper are not defined nor are Targets, Exit is discretionary based on a number of observations.  Stops and targets for Day Trader are alike but there is an option of having a Stop beyond the preceding swing high/low and a 1:2 Risk:Reward Target.

CONCLUSION

Both systems are quite discretionary, too discretionary for our liking.

Trading, mostly in real-time (some retrospectively) throughout August and September over a 6 week period our results were as follows:

Scalping System

-  24 trades, 12 winners and 12 losers

-  A net return of 0%

Day Trader System

-  13 trades, 3 winners and 10 losers

-  A net return of -8%

So, it's fair to say, neither system returned anywhere close to 300 - 500 pips a week mark and neither was close to the 87% accuracy rate identified on the website.

Do remember, your comments are important, if you have any feedback in relation to this system we would love to hear it.