de | cn | ru

Signals Reviews

KeltnerPRO - Jared Review: A sound strategy with a bad marketing

Aug 22 2014
It is always tricky to choose when to review a Myfxbook strategy. If you try to make the hipster review there is not enough data to reflect on. If you wait several years the system performance may be at his sunset. KeltnerPRO – Jared is a relatively newbie with only six months of trading history. Its performance, however, demands attention.
For starters the system is fully automatic although this is not stated on its Myfxbook page. The broker used is Synergy FX. Nothing spectacular or wrong with this choice given that Synergy is regulated by the respective Australian authority (ASIC). Leverage used is 100:1 and the bot is running on MT4.
The profitability of the system in the last six months is incredible – 1188%. In other words the starting deposit was $6000 and now the balance reads as $77k. The average profit in pips stands at the decent 14 pips per trade – enough to survive normal market conditions changes. 
The bot script does not execute many trades with 173 registered in the last six months. Interestingly, it trades only five currency pairs: NZD/USD, GBP/USD, AUD/USD, USD/CHF, and EUR/USD. 
It is noteworthy that the monthly gain in March is 246% but in the next months there is no such stellar performances (24% in June, 13% in July). On average the system is using an order volume of 3 standard lots per trade.
KeltnerPRO – Jared system drawdown is 30% due to its March stellar performance. In the next months the drawdown is less than 6% indicating that the system was probably fine-tuned. According to the system creator the stop loss is usually half of the take profit. Sound risk management. 
Careful examination of the system's trading patterns indicates that KeltnerPRO - Jared is a breakout strategy capitalizing on increased market volatility by opening trades in the current market direction. Therefore, the positions are tightly grouped together with periods of inactivity between them. Usually all open positions are closed simultaneously.
So far, so good. Looks promising, right? Still, don't rush to buy the system yet.
It is priced by its creator Jared Rybeck at $499. You can pay also $199 a month for three months. The purchase can be made via Jared's website and here the bad news starts. The site looks really bad. We are not to use the word scam for it but many do. Why so? Because the information on the website is frivolous to say the least.
We read first for some incredible profits achieved with the system achieved “overnight” by Jared's friend Adam (though verified with Myfxbook data). It continues with the heartbreaking life story of Jared who has lost his rather young father from Parkinson disease while his mother was diagnosed with an Alzheimer disease shortly after. 
That vein of storytelling goes on and on with Jared diagnosed with diabetes due to stress and so on, and so forth until the day he “made his breakthrough at 3.14 AM on a Thursday”. No irony intended with the citation.
We better skip most of the rest. There is money back guarantee alongside with a “mind boggling profit guarantee”. Only 400 copies of the system will be sold and the first 200 of them are offered at 50% off – from $997 to $499. 
The KeltnerPRO - Jared system seems to be safe and profitable. Maybe it holds a great potential with just the marketing strategy formulated badly. Unfortunately, for now there are not enough people running the bot and sharing their experience to draw any firm evidence based conclusions. Still Keltnerpro - Jared is a system to watch closely.
TAGS: KeltnerPro- Jared  signal  forex system  forex strategy 
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
$100 Review Website

More Forex Signals Reviews

Is copy-trading the best way to trade forex?

Nov 16 2017 15:58:37

Trading forex is no longer solely the domain of sharply dressed men on bustling trading floors. Read more

HighLow Binary Options Robot Review - is it scam or safe binary robot?

Aug 28 2017 10:57:00

 We would like to introduce you to the HighLow Binary Options robot. The system is fairly popular, mostly because it is designed to work with a famous broker – ASIC-regulated HighLow. You can read our full review of this broker here. Read more

SignalSamurai Review – is it scam or safe binary options robot?

Aug 24 2017 13:02:17

SignalSamurai is a binary options system, which claims to make money for the people who follow its signals. It comes absolutely free of charge, which immediately sounds fishy. In this review will give our honest assessment of the system. Read more

CopyFX changes minimum deposit requirement for forex trading accounts

Nov 25 2015 13:22:14

The amount of minimum deposit required by users of CopyFX, the social trading service of forex broker RoboForex, has been changed for traders who create offers and investors who subscribe to them, CopyFX said on Tuesday. The changes have taken effect as of 24 November. Read more

KGI Fraser launches ayondo's social trading platform in Singapore

Nov 06 2015 08:26:30

Taiwanese-owned brokerage KGI Fraser Securities has launched  in Singapore a new product, KGI Contrax, which uses ayondo’s white-label trading platform TradeHub, ayondo said on Thursday. KGI is ayondo’s first client in Singapore. Read more

Social trading network CopyFX no longer offers cent accounts to traders

Nov 05 2015 14:28:17

Cyprus-based forex broker RoboForex has made significant changes to the conditions of the CopyFX system it operates, the company announced earlier this week. The CopyFX system, which is available to both investors and traders, has stopped offering cent accounts to traders. Read more

eToro: High risk traders are no longer available for copying

Jun 26 2015 13:52:11

eToro, the world's largest social investment network, has announced significant steps in its efforts to lower risks by encouraging sustainable and responsible trading across its members and promoting consistent long term profits. Read more

Social trading network Ayondo raises CHF 6 million in funding

Apr 28 2015 22:33:03

In the course of its international expansion plans, with a focus on Asia the ayondo group announced today that it has received an additional CHF 6 million in funding from its existing shareholder base, led by Singapore-based Private Equity group Luminor Capital. Read more

SpotOption partners with Zulutrade to provide binary option signals

Dec 13 2014 12:29:15

SpotOption, the world's largest binary options platform provider, announces the embarking of the well-awaited for signals project through their exclusive partnership with copy-trading website ZuluTrade. Read more

Social trading network CopyFX now available in 12 languages

Oct 06 2014 16:00:56

At the beginning of the year RoboForex, an innovative forex broker requlated in New Zealand and Cyprus, announced the lauch of CopyFX, its social trading network. At first the network was available only in Russian, but as of last week it has expanded its geographic footprint and now copyfx. Read more

de | cn | ru