subject: Reviewed - John Pipers Trade Maker [print this page] Introduction
John Pipers Trade Maker is a service that offers a 30 Day Free Trial and then costs from GBP496 - GBP595 per year thereafter. There is a "100% Cast Iron Guarantee" which means that you can cancel at any point during the "30 day 'no obligation' trial" and "no money will ever leave your account".
The service headlines with "I've got GBP14,315.90 with YOUR name on it", this is "what you'd have made if you'd followed my simple, foolproof tips during 2008". The service is "so easy to follow", "a ten year old could do it", "you just receive a simple text message and follow a few basic instructions".
We used this service throughout August and September 2009. Thats what make us different to most other reviews you read, we always use all of the systems and services we review. We do not re-iterate the marketing bumf from the vendors website nor do we cut and paste affiliation sales copy. This is a review carried out by experienced traders that have actually used the service, in this instance over an 8 week period.
The Service
Signals are sent and received between 10:00 and 16:00 (UK local time) via email and SMS and are very clear. Putting the trade on is quick and simple, but there is a key point to be made here, TIMING IS CRITICAL. The signals are for Binary bets that are quite extended, this means they are usually at one end of their trading spectrum, e.G. They are priced 6/9, 90/93 or similar. They can be fairly volatile and move around fairly rapidly at these extremes.
Signals contain two price levels, As an example, sell between 85 - 90. More often than not, by the time we received the signal and went to place our bets we could not get the better price recommended, e.G. We would have to settle for 85 and not 90, or somewhere in between. Now, we are no slouches, one of us can pretty much get access to a pc immediately at most times of the day, in fact, one of us is usually ready for these kind of things. However, this did not seem to make much difference or be of much benefit in regard to us getting the better price.
To be fair here though, the official results published on the website are based on the worst case, in this case, worst price scenario.
Note: Now and then an early exit alert is issued. Again, if this is say buy back at 55-60 we found that again we were nearer the 60 than the 55 price, meaning we were worse off.
We risked 2% of our account on each trade and at the end we were down just over 10% of our (small) trading account.
Can It Work?
As we completed our review, the service was no longer making +GBP1,000 a month for its members (since inception), it was more like GBP800, based on our quick sums.
To put this into context, these returns are based on an account size of GBP5,000. That is still an average return of over 15% a month over an almost 3 year period.
So, the performance over a period of time (3 years) is quite exceptional, the statistics reported on the website are a true reflection of the (worst case entry/exit) signals issued and John Piper is not here today, gone tomorrow. John has great respect on the topic of Binary betting and anyone who has read any of his books will acknowledge that.
If the service can return to anywhere it's prior levels of performance, it may be worthwhile for those who are around to react (quickly) to the signals.
Do remember, your comments are important, if you have any feedback in relation to this service we would love to hear it.
by: TatianaU
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