Forex Trading System

Sniper Forex

A Forex trading system that has been around for quite some time is Sniper Forex. This system is developed and sold by Gary Pavkovich. Here are a few things that you can expect from it in this Sniper Forex Review.


Profitability: 7/10

Ease of Use: 10/10

Reliability: 9/10

Customer Service:10/10

Price: $297 for lifetime license or $97/month


Sniper Forex Review

Sniper Forex is a manual Forex trading system that has been out for several years now. It trades the GBP/USD pair and has quite a track record when it comes to getting results. You can view the results for Sniper's trades all the way back to 2004 on the Sniper Forex site. The system has been profitable every year with only a few months that had small losses.

Using the System

One of the nice things about Sniper Forex is that it is very easy to use. If you can't use this particular system, you probably shouldn't be involved in Forex trading. The system is basically a set of Forex indicators that you load on to your Metatrader platform.

On the chart, you will see a series of three lines. They alternate between red and blue colors. When all three lines change color, it is time to enter into a trade. When they change again, it is time to close out the trade and get back into another trade in the opposite direction. You will also see an arrow pop up on the chart in the exact entry point.

Once you place the trade, you can enter in your stop-loss value. The stop-loss is automatically calculated for you and you will see a series of tiny dots under or above the line where you need to put your stop. From there, you just let the trade ride until it changes directions.

Big Winners

With this particular system, you are going for big winners. The trading strategy is definitely not a scalping strategy, but is more of a long-term trading strategy. You could be in a trade for a few days at a time in a big move.

Alerts

Another nice feature of this program is that it will send you alerts when a trade is ready to take. You can set the alerts up to send you an e-mail to an e-mail account or a text to your phone. This way, you don't have to sit in front of the computer all day waiting on a trade to happen.

Drawbacks

Even though this is definitely a quality product that works over the long-term, it is not perfect. Instead of being called Sniper Forex, it might better be called Grenade Forex. It gets the job done, but it's not exactly precise. It uses pretty big stop losses, which means that you have to have a fairly large account if you want to trade and keep the risk to a reasonable level. When you trade with a smaller account, you can expect to trade a very small lot size.

The Verdict

Overall, we would highly recommend this product as a way to bring in some pips. If you are a beginner in the market, this is one of the easiest and most effective manual trading strategies out there. Gary is a professional trader and he really knows what he's doing. The customer service is good and you should not have any issues with this strategy. You have to be patient and don't expect to get rich overnight, but it does work.



Return From Forex Trading System to Trading Systems

Return From Forex Trading System to Forex Trading

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