Comments on: LMT Forex Formula

By: larry

larry — Thu, 18 Feb 2010 00:49:54 +0000

Just wanted to up date my last post I did here back from Dean about the systems set-ups and was told that its just the markets! I have been trading of and on for a year so I’m not sure if this is fact or not so I will give Dean the benefit he seems to be an up front guy.

By: larry melchart

larry melchart — Thu, 18 Feb 2010 00:41:12 +0000

I have been trading this system for about 6 weeks on a demo, the first few weeks started out like gang busters after that I am lucky if I get 1 or 2 set-ups a week on the 4H chart and most of them are not good set ups!!support is good Dean gets back within 24 hours however when asked about the lack of set ups I have not received any answer as of this writing!

By: Ken

Ken — Mon, 28 Sep 2009 17:02:22 +0000

I bought Dean Saunder’s system a few months ago and loaded it on both daily and 4 hour charts of the seven biggest currency pairs.

I haven’t been impressed with it since the start. The first annoying thing I found about it is the number of false alarms going off identifying a possible trade when the trigger bar is oversize in comparison with the initial stop loss. I emailed DS to advise that one line of code written into the software would solve this problem but he hasn’t changed it.

The overall profitability of the system has been greatly exaggerated by some contributors. I have found the daily chart entries to be right about 50& of the time, and the 4 hour to have a worse strike rate than that.

Consequently, I can only give it two stars.

By: Carlos P.

Carlos P. — Tue, 15 Sep 2009 18:38:36 +0000

I’ve been demo trading this system for 2 months on the 4h chart with a conservative approach, and it is profitable & user friendly. Super easy to download & very simple system rules to follow. I really like it because you get great signals while you can do your quick analysis & select only the high probability trades, based on the recommended system guidelines. Plus it’s a great value for the money versus other softwares costing almost five times its price but deliver lower win/loss ratios. Support is good too.

By: Kulbir Dhillon

Kulbir Dhillon — Sun, 30 Aug 2009 03:35:22 +0000

I tested this software for a few weeks. It was a very
disappointing experience .Neither Trend Indicator nor Trigger worked
good. I had discussed the problems with Mr Dean Saunders, he said this
was not the only system he was trading with.
No software will ever work to trade for you. You need to have your own system.
Sorry, I could not give any better rating because I do not want you to
lose money by using this system.

By: Cloaked_Wixard

Cloaked_Wixard — Tue, 14 Jul 2009 12:44:06 +0000

A sophisticated system that combine trend, volatility, and
reversal analysis. And the support offered by the system provider is
excellent. A good thing about this system is that it is a manual
system with automated analysis. No doubt driving a auto gear car is
convenient but it is more exciting to drive a manual sport car to get
some spin on the road (although it is risky). For me it feels good
when you have a full control of your trade instead of let the robots
trade for you. You learn nothing letting a robot trades for you. Using
this system you can more or less start to be able to get a grasp on
what’s going on in the market. And you will start to know how to
identify a good trade.

I am from a tiny country called Malaysia, the system provider wont
have this fancy marketing technique i.e. asking me to promote his
product.
Overall a system that worth the money although it is not 100% winning
system. More like a course plus assisting tool.

By: Andy

Andy — Sat, 20 Jun 2009 06:30:36 +0000

I bought LMT Formula and I’m thrilled with it. I’m using it on 4H charts and I made 318 pips on the first week. This is one of the few systems that I’ve been recommending to eveybody.

By: Robert

Robert — Sun, 14 Jun 2009 06:32:21 +0000

I’ve been a big fan of Dean Saunders and his systems. For me this is one of the few guys that knows what he’s talking about. This LMT Formula seems even better than 10 Minute system.
I have a full-time job, so I can’t trade all day. I use LMT on 4H charts, and currently I’m making $1000 weekly thanks to this system.