Today, we are going to look at SniperFX as it is the second system listed a few days ago. Some key data about the system:
Max DD : -10,550
Profit in Pips : -4907
Start Date : 4/24/2007

This system has a very large drawdown and has been unable to generate a profit. When we look at the equity curve, notice how it seems to trend down in an orderly sort of way until recently. Some traders will look at that and may joke how they would like to be on the other side of these trades…and now you can.

Before completely giving up on this system, run it as a reverse. You will see if that creates any opportunities.

All in all, the reverse of this system does not offer any good longer term opportunities as this system trades very frequently and we get eaten up with the spread. We will pass on this system for now.

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