Money Line Review – Jason Alexander

HomeForumsReviewsForex Trading System ReviewsMoney Line Review – Jason Alexander

This topic contains 1 reply, has 1 voice, and was last updated by ReviewTeam ReviewTeam 5 years, 8 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #1038
    ReviewTeam
    ReviewTeam
    Keymaster

    Money Line Review – Jason Alexander

    Click below to visit the website

    Key Info

    Publisher:  Canonbury
    Cost:  £247 with a 30 day money back guarantee
    Review Date:  August 2012

    What It Says On The Website

    Unique selling points… “Just set up two simple alerts and walk away”, “the whole process takes 5 – 10 minutes” with “no monitoring your screen”. You can “pluck an easy £106… £212 or even £530 a week from the Forex markets” – “Playing it safe … thanks to this Binary betting trick”.

    The website states that Money Line has been tested for more than 2 years – A statement from independent auditor Kenneth Jones (ACA) confirms … “When a trade is triggered it returns to the Money line 69% of the time, 106 PIPs (we think he means points) was the average weekly return and there was 1 losing week (based on using the basic system only)”.

    No previous experience is necessary and Jason does “the actual work for you” – Just follow his email, which is sent at 07:00 UK time each morning. The 69% strike rate is re-iterated as is the fact that Money Line has never had a losing week (contradicting the independent audit!).

    The strategy which does not use “Fibonacci indicators, MACD or any of that gubbins” and it is designed for use on the GBPUSD and EURUSD markets. At £1 a PIP (it’ a point!) you can start trading with a £500 account.

    The system comes with a 30 Day Money Back Guarantee backed by Canonbury. After 60 days there is a charge for the Daily alerts but the manual explains how to calculate the “Money Line” so it is not imperative that you sign up for future alerts.

    The Material

    Well presented material. A 79 page manual broken down into a dozen or so chapters and each chapter has an accompanying video. All in all the reading and viewing combined takes a good half a day with the video content running to almost 4 hours on its own. The upside of this is that a system which can initially seem confusing is reasonably well understood at the end.

    The System

    As mentioned above the system can, initially, seem confusing but after digesting the material it is actually quite straight forward, especially after a few days.

    Only EURUSD and GBPUSD are traded and Binary bets are used. Each morning Jason’s email provides the levels (for your alerts) and also the bet types to observe. This process, to set the alerts does, as the website and manual suggests, take just a few minutes.

    However, when your (IG Index) alerts are triggered (notification by email) any time of the day before 14:00 for potential Entry and Exit, screen time is required. As and when the alerts are triggered screen time can be anything from a matter of minutes to over an hour, sometimes frustratingly an Entry/Exit opportunity will not even present!

    Waiting for the correct Entry/Exit after receiving an alert is time consuming more often than not and this system (the basic version) CANNOT be traded in 5 or 10 minutes a day.

    Can It Work

    In the four weeks we ran this system we came out around break-even even (we traded just the basic system) though the Recorded results reflected a much different picture, over 300 PIPs (Jason keeps referring to these profits as PIPs but they are not – THEY ARE POINTS).

    The fact we were poles apart is not down to any specific reason as there are many variances, we will simply state the facts:

    · We could not monitor all Entries/Exits following an alert because of time commitments – This is not a Set & Forget nor is it a 5 – 10 minutes a day system, lots of monitoring is required and can be called upon at any time of the day.
    · Some “caution” notes mentioned in the email updates are ignored on winning trade days but are observed if the trades lose.
    · Recorded results are based on optimum Entry/Exit which as our reviewer suggested would require the reflexes of Usain Bolt – We do not have such reflexes.
    · Recorded results do not include spreads which can be as much as 3 points for Entry and Exit – Thus for 80 points profit over 10 trades up to 60 of these can be eaten up in spreads.
    · Daily videos are all based on hindsight. A perfect example being where Jason states, after a bullish candle he “wouldn’t touch the trade with a barge pole”, in real-time it was a more than acceptable entry because it could well have been a spike (you just don’t know until the candle actually closes). Spikes are cited in other videos as being perfect entry points. This “wouldn’t” is characteristic of the analysis and Recorded results. The video’s contain a lot of “If I did this”, “you could have done this”, “I would have done this”, etc. All hindsight trading and a strong indication that the author is not even trading the system himself.

    We can state that this strategy is much more time consuming than 5 – 10 minutes per day, continuous availability to deal with Entries and Exits would be more appropriate thus full time access would be required.

    There is just too much hindsight associated with the Recorded results and if the author does trade this system and wants credibility then surely the Daily videos should reflect what he actually did and show his actual Entries and Exits for that day. On the basis most Daily videos are 10 minutes long and the system should take just 5 – 10 minutes per day then this is surely no big ask in the scheme of things.

    Support

    All support correspondence was answered quickly, typically on the same day.

    Summary

    PRO’s
    • Easy to set up – After observing the well written manual and videos.
    • Good email support – The video support would also be good if it was not all could have/would have.

    CON’s
    • Impossible to achieve Recorded results.
    • Much more time commitment than 5 – 10 minutes per day, much more.
    • Could have/would have Daily videos hinder more than help – What the author actually trades would help more and would provide credibility without the independent audit.

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

    Attachments:
    You must be logged in to view attached files.


    Members can post and subscribe to threads like this one

    And also receive an email every time we post a new review

    Click HERE to register for FREE

    #1042
    ReviewTeam
    ReviewTeam
    Keymaster

    Systems For Traders had to be rebuilt in 2013

    This is a selection of key posts and comments from the original forum prior to the rebuild

    aptman2

    10-Sep-2012

    I tried Jason Alexanders previous system, which sounds very similar to this one. I too found that the videos suggested results, were very much could have/would have, and I had no success with the system.

    ReviewTeam

    20-Sep-2012

    Just keeping a little eye on this on the side but will not “touch it with a baaaarrrge poll” from now on – Today was the icing on the cake for us.

    A wealth warning day yesterday (“definitely no 2 ways about it”) BUT today – The official results reported for yesterday, 30+ points reported for both pairs.

    Crazy!

    Even the commentary audio states “Even though it’s a ‘wealth warning’ day I would have took the chance” – So – Although advised not to trade he “would have” but actually didn’t and then reported 30+ profit.

    Crazy!


    Members can post and subscribe to threads like this one

    And also receive an email every time we post a new review

    Click HERE to register for FREE

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.