Expert-4x have jut completed their 1st 5 days of the European Live trading sessions and achieved good results trading the Viennese Waltz technique
After only risking 1% to 4% of the account per trade they managed to increase their total trading account by 24.7% for the week. Not bad for trading only 1 currency for a few minutes a day if I say so myself.
A quote from Expert-4x
“We have had an overwhelming response to the Vienese Waltz method (step, move and swing) as we use only 1 currency and trade for only 60 to 90 minutes. We effectively use 2 basic charts using this method which is an extremely simple method”.
This technique is not documented at all,is not part of the WATO system and is only disclosed to participants of the European Live trading webinar.
hey mate, you seem like a pretty honest guy. have you traded the WATO system or this fancy named one above? one can’t help but think 4% to get 24% increase in 1 week (5-8hrs really) sounds too good to be true? i’ve bought systems that have sounded this good but was rubbish once i got it. an honest opinion would be appreciated.
Hi Sam
To be honest I haven’t traded the Viennese Waltz yet, but I do intent to get a months subscription in February when i know I will have more time to attend all their trading sessions.
As for their results, from the ones they used to publish when I was attending their WATO (With All The Odds) sessions they are as honest as the day is long, and that is why am happy to be one of their affiliates. They essentially, trade their own account but explain their whole systems right down to their money management techniques, which incidental I think is very good. It enables them to double their risk within 3 trades and yet only risking a very small amount of capital. The other think is that you would need a lot more losses, and I am talking 15-20 losses in a row to wipe out the account. So when they talk about their % results I am unsure if that could be the % of their trading risk, or $ of their total capital. But which ever way you look at it, the % figure is always the relative indication. I personally like to look at % ROR (Return on Risk) before ROI (Return on investment, or whole trading bank). I digress… I’ll create a separate post fot this topic.
I found that there wasn’t a great deal of WATO trades in the current market and they admitted there weren’t as many or as profitable as where were as earlier in the year. The market was behaving differently and the targets of each trade where being met quickly. So what’s good about these guys is they modify their systems or use alternative systems to best co-inside with the current market conditions, hence, they adapted to what they call ‘free-styling’ which is a slight variation on the WATO using only the one currency (with 3 charts) as opposed to the WATO using thee currencies (with 9 charts). I believe the Viennese Waltz uses just the one currency and 2 charts but don’t hold me to that.
So they are less reliant on the WATO these days and seem to be trading the Viennese Waltz with more favourable results. As I say, I intend to see what this is all about in the new year, and do have high expectations.
The best thing about their system to be really honest is if you buy their e-books etc with the special bundle that come with 1 months free trading sessions and you are already confident with technical analysis then theoretically you wouldn’t need to keep subscribing because you should be able to get the hang of it in that time and continue on your own as you would know the system well enough to do so.
I am an affiliate for Expert-4x but don’t let this deter you from having a look. (I’ve even mention that you don’t have to continuously subscribe either… How’s that for honesty
) You’ find them at Expert-4x to learn more.
Mark