OdysseusTradingSystem.com Review
3 •
2 REVIEWS
Out of business
Updated: Apr 13, 2022
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Website is down. Company seems to be out of business.
Out of business
OdysseusTradingSystem.com Performance tests
| Status | Account | Product | P/L Weekly,% | Weeks tested | P/L Gross,% |
|---|---|---|---|---|---|
| Odysseus Trading System | +0.95 | 90 | +134.668 |
Please click the Product name to see detailed test analytics, trading statement, and use our Performance Simulator.
3 •
2 REVIEWS
Recent User Reviews of OdysseusTradingSystem.com
B
Boris
Queensland, Australia,
Jun 3, 2012,
Guest
The month of May has been very revealing!
http://www.myfxbook.com/members/sar1976/odysseus-trading-system/268477
You can see that there has been a string of losses. In fact over 15 in a row as I write this. The method is counter trading at points where there was a strong support or resistance before. Just look at order points from the above links and see them on the chart and you will see. But the service never waits for confirmation that the support or resistance is respected, nor has it shown to observe daily pivot points and just orders a trade. Consequently May has been loss after loss. And sometimes bewildering trades have happened fighting against a sinking Euro (which was in a massive trend) and allied pairs when the service should clearly know that this is not wise to do. There is a point in honouring a system and one where one is yelling at thunder to go away. Since this reviewer started there was one good trade that resulted in around 2.5/1 risk reward. However with 15-16 losses in a row (and still counting!) the performance is poor. Trades which were in profit were closed at a loss quite a few times. Perhaps because the profit wasn't big enough? My hard earned capital has eroded. I don't like being negative, but I am taking responsibility here to tell others to observe the results, and make an informed decision based on the facts. Do you want someone taking trades that are clearly not working under current conditions? Yes extraordinary things are happening in the forex market right now, but that doesn't mean you ignore them and keep making the inappropriate trades, against strength that is hard to deny.
Communication has been very good with the service, and the trade copier is excellent and reliable. These testing times test out the traders' mettle and how they can adapt to market environment and I have now got to the point that is it better to cut my losses than to have hope in a method that does not show results or rationale which I am comfortable in supporting. Because it is a subscription, that means you pay even when you lose capital. Not a good deal when this happens. Please remember Warren Buffet's rule for investing which applies to trading as well.
http://www.myfxbook.com/members/sar1976/odysseus-trading-system/268477
You can see that there has been a string of losses. In fact over 15 in a row as I write this. The method is counter trading at points where there was a strong support or resistance before. Just look at order points from the above links and see them on the chart and you will see. But the service never waits for confirmation that the support or resistance is respected, nor has it shown to observe daily pivot points and just orders a trade. Consequently May has been loss after loss. And sometimes bewildering trades have happened fighting against a sinking Euro (which was in a massive trend) and allied pairs when the service should clearly know that this is not wise to do. There is a point in honouring a system and one where one is yelling at thunder to go away. Since this reviewer started there was one good trade that resulted in around 2.5/1 risk reward. However with 15-16 losses in a row (and still counting!) the performance is poor. Trades which were in profit were closed at a loss quite a few times. Perhaps because the profit wasn't big enough? My hard earned capital has eroded. I don't like being negative, but I am taking responsibility here to tell others to observe the results, and make an informed decision based on the facts. Do you want someone taking trades that are clearly not working under current conditions? Yes extraordinary things are happening in the forex market right now, but that doesn't mean you ignore them and keep making the inappropriate trades, against strength that is hard to deny.
Communication has been very good with the service, and the trade copier is excellent and reliable. These testing times test out the traders' mettle and how they can adapt to market environment and I have now got to the point that is it better to cut my losses than to have hope in a method that does not show results or rationale which I am comfortable in supporting. Because it is a subscription, that means you pay even when you lose capital. Not a good deal when this happens. Please remember Warren Buffet's rule for investing which applies to trading as well.
R
Rafi
CA, USA,
Apr 28, 2012,
Guest
I have been using this system for a month now and I feel very satisfied with the outcome. The trader knows what he is doing and very responsive. I tried many EAs before and some signal service but the results are nowhere near what I am getting now. Great performance I wish that you keep it this way.