REVIEW:
I purchased the trend forex system several months ago. The system is sound. John Chen has adopted meothods from several other systems and combined them together. The basic premise of the system is to pick short term overbought oversold swings is strong trending markets (very sound). He supplies indicators and templates for Metatrader 4.
His money management is very concervative. So far I can say that after 3 months of trading I have 72% of my trades are winners. My average profits are 1.6 times my losses. I trade the 4 hour, 1 hour and 30 minute charts on majors and USD/AUD. I am trading 5 times per week (I could trade more however I have a personal rule not to hold more than 1 position in the market at one time and I stop trading if I am profitable for the day).
I have modified the entry to what John Recommends as I found the distance to stop was a little further than I like. That change has helped a lot.
I will not give this system 5 stars as It does not have an expert advisor that alerts me of trades, however what is sold is honest and works as well as anything else on the market (there is no perfect system).
Read the updates on Forex-Tester.com
