Ninja Morning Trade Review

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This topic contains 15 replies, has 8 voices, and was last updated by ReviewTeam ReviewTeam 3 years, 5 months ago.

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  • #2681
    ReviewTeam
    ReviewTeam
    Keymaster

    Ninja Morning Trade Review

    Click below to visit the website

    Key Info

    Publisher:  ClickBank
    Cost:  £97 with a 60 Day Money back guarantee
    Review Date:  November & December 2013

    What It Says On The Website

    Everybody was Kung Foo Fighting! Sorry, but where do they get these names from!

    Ninja Morning Trade (which is “suitable for even brand new traders”) headlines as a “Lightning Fast Short, Medium and Long Term Profitable Trading Method”. It takes 5 minutes, once a day (07:00 UK time) to check for a signal and set your orders. Then you walk away.

    The site then dismisses “adverts promising returns of 500%+ per year” and says “these systems are best left to dreamers”. Ninja Morning Trades “proven time tested strategy” then claims the following results:

    • 6 months = 51%
    • 12 months = 83%
    • 24 months = 164%

    These results are based on trading 3 currencies (USDJPY, EURJPY and GBPJPY) and 3% risk per trade.

    Ninja Morning Trade uses a custom MT4 template and indicator so obviously an MT4 account will be required.

    As this is a ClickBank product it comes with the usual 60 Day Money back guarantee.

    The Material

    A well presented 36 page manual which leads with an Introduction and Overview of the strategy. Basically (as mentioned above) this is a Yen pairs trading strategy based on trading morning breakouts at a specific time. All order details are provided by the custom MT4 indicator.

    Opening an account, Installation and Set-Up is very well documented – Should take less than a couple of minutes for those with no MT4 experience, perhaps 5 or 10 for those with no experience at all.

    Some trade examples show the system in action.

    The System

    This system trades USDJPY, EURJPY and GBPJPY every day at 07:00 UK Time and orders are placed according to the custom indicator.

    The information displayed by the indicator is as follows:

    • Trend – Bullish (Buy), Bearish (Sell) or No Trend (No Entry)
    • Entry, Stop and Target
    • The Risk:Reward is 1:2, 25 PIPs risk for 50 reward on all trades

    Trades are Set & Forget except for some trade management. Unexecuted orders are cancelled at 09:30 (handled by our broker). Open trades, those that have not hit their Stop or Target, are closed at 07:00 the next day (or 19:30 on a Friday).

    Risk of 3% per trade is advised.

    Can It Work

    We have been running this strategy as defined above since the beginning of November. Across the 3 Yen pairs we placed 21 trades, 9 were winners and 12 were losers. Our net profit was 125 PIPS which means we are up 15% over the 2 month period. This equates to a return of 7.5% a month based on 3% risk per trade.

    The strategy is Set & Forget and it does require little effort. After just a couple of months, based on the effort we have put in we have seen a nice return. It’s early days but we will continue to keep an eye on this one into the new year and report back. Our main concern, although we have not experienced it yet, is that these morning “Set & Forget” / “Break-out” systems are prone to significant draw-downs at times. These draw-downs can, based on timing (when you start using the system), quickly erase profits or remove initial confidence.

    Support

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

    Summary

    PRO’s
    • A few minutes a day for a nice return to date.

    CON’s
    • Just 2 months exposure.
    • These morning “break-out” systems, based on previous experience, are prone to significant draw-downs at times.

    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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    #2825

    rooters
    Participant

    There is an independent (apparently) review at http://www.ninjamorningtradereview.com/overall-results/
    which seems to tally with the results the SFT team got. The site’s results go back to Sept and look encouraging.

    #2833
    ReviewTeam
    ReviewTeam
    Keymaster

    Ninja Morning Trade – January 2014 Update

    During January, across the 3 Yen pairs we placed 11 trades, 4 were winners and 7 were losers. That’s a net profit of 25 PIPS which means we are up 3% for the month based on 2% risk per trade.

    This means our 3 month return is 18% and our average monthly return comes down from 7.5% a month to 6% a month.

    (Thanks rooters for the link above, we did have a look and can note that we had one more trade than them in January, a losing one)

    • This reply was modified 3 years, 10 months ago by ReviewTeam ReviewTeam.
    • This reply was modified 3 years, 10 months ago by ReviewTeam ReviewTeam.


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    #2838

    rapman
    Participant

    Hi Systems for Traders. Thanks for the review. I’ve been following this keenly and the results I have are much the same. In my opinion this is a great little system that I can trade while having my coffee and preparing for work. 5 stars for your independent review!

    #2857
    ReviewTeam
    ReviewTeam
    Keymaster

    Thank you for your kind words, we appreciate being appreciated 🙂


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