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Today I am looking at a new strategy by a young and unproven developer Andrew Sarraf who has created Andrew’s Forex System.
Andrew claims that within 11 minute he can prove that any trader can easily duplicate his reliable method. So what is it? This is an educational program with the center piece being the trading method he claims to have “raped banksters.” The cost to get access to this strategy and indicator is $97 and it is being sold on the ClickBank payment processor.
Andrew’s Forex System Results
Now I will take a look at some of the prove that Andrew has provided and decipher whether or not this is the type of system you should be spending your money on.
So what we have here is a trade example using Andrew’s indicator. Andrew says that “At 1 USD per pip you could have made 325 USD GBP/USD pair.” So what do I think? Well, this seems to be the type of proof being provided for his product and we have been down this road before.
Like always, I am not going to totally condemn Andrew but I had hoped for more substantial proof than a mere two screen shots that kind of leave us high and dry.
At this point I am not able to recommend this product and I suggest if you are interested that you do a lot of research and speak with the Forex Robot Nation team.
As always, leave a comment and let me know what you think.
Sorry. The answer is not logical or true! So trading system is sound & duplicatable but it cannot be coded? This answer may fool total newbies but most of us know it is a lie to suck in anti-EA consumers.
Hi Jonny,
Well firstly I believe that we don’t need to fix something that isn’t broken. 🙂
Further there are some draw downs to an automated system. As the main component of the system is trading a trend, EA’s are not perfect in determining a strong trend. Trend can determined in various different ways and coding these to be good and efficient can be a very complicated task.
Also the stops and targets are placed on swing low/ high and these also are hard to use in an automated system, as not everything can be described perfectly within the code.
Finally an automated system takes away the need to learn real Forex trading, thus not benefiting novice traders in the future. Andrew’s Forex System is a great tool for learning for novice traders!
Sorry. Not impressed. I also have a huge question for stuff like this still being sold. Why not automate it? Automate the trading. We all need to move away from manual trading of any kind. If it is a sound duplicatable method; automate it… code it into an EA. Then let us watch it perform. All of us should not be impressed by these types of packaged systems. Please, automate it.
Hi,
Thank you for your review.
The screenshot posted is not ‘proof’ of the workings of the system. It is rather an actual trade example that a user will be able to verify after purchasing the system.
We have moved away from producing ‘proof’ such as statements and graphs, as we all know that Forex vendors often photoshop these results and they seem often unreliable.
What we actually did is sold 400 copies of Andrew’s Forex System on eBay and waited for eBay verified feedback and ratings. This gave us social proof, over 200 positive reviews on the system and 0 negative.
We believe that if our customers love the system and even post comments to thank us – that is the best proof of value of our product.
If you have any questions, we will be happy to help!
Thanks!
Thanks for the response Andrew. I hope you continue to respond to any questions our members have.