Ad Break Trader Review – Jason Alexander

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  • #2625
    ReviewTeam
    ReviewTeam
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    Ad Break Trader Review – Jason Alexander

    Awaiting link

    Key Info

    Publisher:  Canonbury
    Cost:  £247 with a 30 Day Money back guarantee
    Review Date:  September – October 2013

    What It Says On The Website

    Forex Hijacker (here’s a link to our review) was followed by Money Line (again here’s a link to our review) and now we have Ad Break Trader by Jason Alexander. As with the other strategies this one is also, it seems, designed for idiots, “If you can draw a simple line you can be successful with Ad Break Trader” (Ed – it’s actually 2 simple lines – A “magic” channel).

    The headline is “Snap up £1,192.50 a month trading Forex during TV Ad Breaks”. You “Wait for a TV advert break”, “Spend 2 – 3 minutes glancing at a chart” and “Place a ‘Set & Forget’ trade at around 8pm – And walk away”.

    Jason claims that all results on the website are real and fully audited (by an independent auditor). Ad Break Trader is a system that has never had a losing week and has been consistently returning 300 PIPs a month (since independent auditing began). The strike rate on GBPUSD is 78.85% and on EURUSD its 83.77%. The aim, it seems, is to “snap 14 – 20 PIPs at a time” using a Stop loss of 11 PIPs.

    Here are those high level results (in PIPs), all based on an 11 PIP Stop loss:

    • June = 599, July 810, August 661, September 315

    We did some very simple maths and based on the above this man’s an absolute genius!

    Let’s take June and let’s say we have a £2,000 account and we risk a conservative 3% per trade. That means we will start off risking £60 per trade and £5.45 per PIP (using an 11 PIP Stop loss on all trades). By the end of June, wait for it, we would have made a staggering 163.36% return. But wait! In July we would have made 220.91%, in August 180.27% and in September a disappointing 85.91%. But, don’t despair because if we had compounded this, at the end of every month, we would:

    Have made 4,402.72% and now have an account balance of £88,074.32

    Absolute genius! As a professional trader and one with faith in his strategy we assume he has a modest pot of just £25,000 allocated to this strategy – He’s made over £1,000,000 since the auditors started in June 2013 (assuming the auditors cost less than £100,928.98)!

    Of course the above is tongue in cheek but in reality the above performance is just not possible and these authors and publishers really should check their results and the credibility of their auditor.

    Once again Jason’s publisher is Canonbury and it comes with a 30 Day Money Back guarantee.

    The Material

    A 60 page manual accompanied by videos totalling about 2 hours.

    The goal is to make 100 PIPs a week risking no more than 5% on each trade. Compounding is mentioned to demonstrate how within 16 weeks you can be trading at £10 a PIP after starting at £1 a PIP.

    IG Index is the platform of choice and opening an account and placing trades on this platform is well explained – It’s actually just as easy to use any other platform though and it’s not necessary to use IG Index.

    The “magic channel” is explained (quite clearly in our opinion) as is the fact that you can trade EURUSD or GBPUSD on the 5, 10 or 15 minute timeframe around 18:00 – 20:00 UK time.

    Entry and Exit is based on the “magic channel”.

    An 11 PIP Stop is specified when using automatic trading (which we chose as it leaves least room for discretion and it is this method upon which the official audited results are based – As far as we believe).

    The System

    As mentioned above the system can be traded automatically or manually. The automatic option is Set & Forget and is also less discretionary. The discretion comes on where you define your “magic channel” at 8pm UK time, which is when the Set & Forget orders are placed, 1 near the top of the channel and another near the bottom.

    We chose to trade just EURUSD and use the 15 minute timeframe although the timeframe does not matter much as it’s only used to define the “magic channel”.

    Set & Forget orders placed at 8pm are set to be cancelled at 6am the next morning and any open trades are also exited at this time too. We did not trade Fridays using this system on the basis it was pointless to leave Set & Forget orders open for a couple of hours and then face gaps over the weekend.

    The system involves about 5 minutes work at 8pm, identify your “magic channel”, place your orders and off you go.

    Can It Work

    We ran this strategy as defined above all through September and October and we came out just over break-even (two of us agreed each “magic channel each evening).

    We placed 34 trades, 12 were winners, 15 were losers and 7 were break-even. Our net profit was 2.5%, so 1.25% a month, all based on 2% risk per trade.

    The official results of course reflect a completely different picture to the one above. We did watch quite a number of the next day “hindsight” videos of the previous day’s action which almost always showed a profitable session, kind of 80’s game show style “Here’s What You Could Have Won!” (FREE No Indicators Trading Strategy (NITS) eBook for the first one to name the show below).

    Note: Our “magic channel” was often similar to the one identified in the video but we were looking at the chart in real-time at 8pm and did not have the benefit of adjusting our channel based on hindsight. We were comfortable with our agreed channel and if we disagreed after watching the video we adjusted our results accordingly.

    This is a strategy which has some technical merits but over 2 months, we concluded that it’s little more than a coin flip at the end of the day. Our win rate was less than 50% which was only helped by the fact all trades are placed with a Risk:Reward greater than 1:1.

    Support

    We had no reason to contact support so we cannot comment.

    Summary

    PRO’s
    • 5 minutes a day.
    • Daily videos.

    CON’s
    • “Magic channel” although well documented is a little more discretionary (complicated) than expected when you watch the daily video’s the next day.
    • In our opinion little more than a breakeven system and one that we firmly believe will not make you 4,402.72% over 4 months.

    Do remember, your comments are important – If you have used or decide to use this product, please contribute to the community by reporting back your findings.

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    #2632

    cristi01
    Participant

    I don’t want to argue but for a trade with ~10 pips stop loss a 3% risk per trade is simply HUGE for me.
    Conservative will be 0.5% and 1.5% will be risky.
    With such a small SL probably the system offers at least 3 trades a day. Risking 10% every single day is not a job for many.

    #2663

    aptman2
    Participant

    I havent used this latest offering by Jason Alexander, but I did use Forex Hijacker which I sent back for a refund because it did not produce the level of success advertised. As per your appraisal above, I also found his video replays very questionable, as to the positions of the “Magic Channel”
    Best avoided I would say.

    #2665

    Troggster
    Participant

    Completely agree. Sent for this but sent it back for a refund after a few attempts at positioning the ‘magic channel’. Series of email updates each evening frequently changed the entry / exit points for suggested trades so too bad if you’d already entered earlier on! I personally found the website videos a challenge to get to the end of.
    By the way, “Here’s What You Could Have Won” was the game show Bullseye

    #2666
    ReviewTeam
    ReviewTeam
    Keymaster

    Troggster,

    Thanks for sharing your views – We have contacted you regarding your free copy of the No Indicators Trading Strategy (NITS) with which we are sure you will have much more success.


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