SniperForex.com - Sniper Forex Indicators Review - NOT REVIEWED

[PipCop]

REMOVED - Unfortunately the EA I found was an old version, and Gary indicated to me that he has not created an EA for his new system. Therefore Sniper Forex does not qualify to be reviewed on PipCop as it is a manual trading system only.

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I came across an EA for the Sniper Forex system of indicators, and Gary Pavkovich of www.SniperForex.com has graciously provided a demo of his indicators to be reviewed here.

SniperForex described:

The system comprises three trigger lines, with an arrow telling you when to buy and when to sell. Simplicity itself - blue buy and red to sell.

Over the past 5 years it has proven to be highly accurate, especially when allied to the best time frame, currency and time of day. While it is accurate for just about any of these three variables, for optimal efficiency it is best to follow my instructions closely. Not every trade is a winner, but historically losses have been much smaller than wins. On our chosen timeframe and currency wins outnumber losses 2:1, but are also almost three times larger!

I found the EA here:
http://www.tradingsystemforex.com/co...t-advisor.html

The EA is attached to this post.

Here is the data:


SE2

[PipCop]

PLEASE NOTE:
I want to clarify that Sniper Forex does NOT officially include an EA to go with their product. Sniper Forex is a self-traded tool that offers indicators only.

Therefore, there may be other EAs out there which will perform better than this one which I happened to stumble across. This EA is not officially supported by SniperForex.com.

[Wardog]

After checking his daily track record on the manual system (5 years of daily pip counts), I am really interested in following this entry. Only 1 loosing month in 5 years. Averaging around 3000 pips per year (if to be believed). One of the variables of couse is when and if he stopped trading before news releases as he does make a point of recommending that you not trade this during news releases.

[Wardog]

Why did you pull the EA before testing?

[Wardog]

It would have been interesting to see the old EA trade if possible. But it would have created a bias about the indicator , so best you pulled it.

[PipCop]

This is a direct quote from Gary:

That ea is an older version and does not reflect the current logic of the manual system.

I asked if he knew of a newer version, and this was his reply:

I developed the ea and there is definitely not an authorized latest version out there.

Therefore, as the Sniper Forex system is strictly a manual system, it did not fit into the mission of PipCop.com, which is to test automated trading systems.

I did ask Gary to update me in the event that he decides to make an EA for his indicators, so perhaps in time he will do so.