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Systems For Traders | Vision 4x Review

Vision 4x Review

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    ReviewTeam
    ReviewTeam
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    Vision 4x Review

    To The Best Of Our Knowledge This Service Is No Longer Available

    Key Info

    Publisher:  None specified
    Cost:  $49 a month
    Review Date:  March 2009

    What It Says On The Website

    If there is one thing we hate on a website it is those cheap cheesy videos kicking in, thankfully this is not present on this website. However, our second pet-hate is having to listen to intro music playing, even worse is having to listen to it every time we navigate to a new page!

    So, annoying music aside, the website headlines with “1024 Average Pips / Month” and “Average of 36 pips per trade” with signals being “eligible by novice and also by seasoned traders including professional traders who do not have time to do their own analysis”. “Signals are updated directly in our members area. Simply enter the orders with the provided stop/limits.”

    Vision4x is a “trend following system” with an accuracy rate “higher than 65%”. “There is no subjective criteria” involved in the signal generation process, it is “100% mechanical”. Signals are “sent once a day around 10:00pm New York time (03:00 GMT)”, there are “no further intraday instructions”, “entry, exit and stop loss” are included in all signals. However, signals are not issued every day, “only when our system signals to do so”.

    Four pairs, EUR/USD, GBP/USD, USD/CHF and GBP/JPY, traded here and trade entry should take less than 5 minutes a day. “We look for a 35 – 75 pip gain per trade in a 1 to 3 day period” with “no need to monitor the intraday market”. “After a trade is initiated the system evaluates the position at the end of every day and issues a hold, stop or sell”.

    The Service

    We signed up for one month at $49.

    With signals being issued at 20:00 ET (03:00 GMT) we took the decision to place the trades in the morning at 07:00 GMT (4 hours late). This meant we missed a few trades but it was swings and roundabouts – sometimes a worse entry, sometimes a better one.

    Signals are not actually sent by email. There is an email at the specified time but it doesn’t contain the signal data, you have to logon to the (annoying) website to get the actual trade data. No great hardship but we would just prefer (like most other services) to receive the relevant trade information in the email.

    For each pair there are two trades, a long and a short, no multiple lots here. So, placing the trades (8 of them) does take less than 5 minutes.

    We did however experience a serious issue with this service. There is no information available on the website in relation to open positions other than the previously mentioned “After a trade is initiated the system evaluates the position at the end of every day and issues a hold, stop or sell”. Well, at the end of day 1 (the next morning) we were left wondering what to do. We had received no such information and none was available on the website in the members area, just a new batch of signals. So, we decided to exit our open positions, enter the new orders for that day and promptly send an email asking what to do with open trades in the future. By the time the next signals arrived (the next morning) we had received no response to our initial email so we repeated the previous days actions.

    On the fourth day, down on our money slightly, we stopped trading and waited for a response to our email. It all seemed pointless to us. Our aim was to emulate the 1,024 pip average monthly return, as per the website, but without knowing what exit strategy to apply we felt in between a rock and a hard place.

    Can It Work

    As we never received a single response, ever, from over a dozen email requests for support (re: exit strategy and subsequently our money back) we are not in a position to comment.

    Support

    See above.

    Summary

    PRO’s
    • Entry and Order management process is 100% mechanical and very simple, less than 5 minutes per day.

    CON’s
    • No exit strategy.
    • No support.

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


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