Greetings,
Today’s review is for a system that was launched recently without any marketing hype and therefore you may not be aware of it. The system is called DowScalper. The review below is the most comprehensive review of the DowScalper and will answer a number of questions like:
- Is DowScalper Worth the Price?
- Is Dow Scalper a Scam or a Real Deal?
- Will the DowScalper work for me?
- I have not heard of DowScalper. Why should I buy it?
- Am I getting the best deal or best buy on the DowScalper?
- Is there any cash back/discount available on the DowScalper?
REVIEW SUMMARY
Criteria |
Rating (Out of 5)
|
 |
| Value for Money |
3.5 | |
| Trading Strategy | 4.0 | |
| Installation | 5.0 | |
| Money Management |
4.0 | |
| Broker Requirements | 4.0 | |
| Proof of Results | 3.0 | |
| Customer Support | 5.0 | |
| Money Back Guarantee |
3.5 | |
| OVERALL | 4.0 |
DETAILED REVIEW
Creator: This system is created by Tipu A. Tipu has been involved in the financial markets for the last eight years and has traded different financial instruments. After trying different systems and strategies in the forex market, he decided to do something different and started trading Eminis.
Price: £147 (it seems the regular price of DowScalper is £499 but is offered at £147 at the moment).
Please read the review in full and if you are interested in buying then click here for the best deal
Release Date: January 2011
Pairs Traded: Dow Emini
Timeframe: 5 Minute
Trading Window: US Market Open
Trading Strategy: DowScalper is based on price action only and utilises the early momentum move at the open of US markets. The trades are open with a fixed Take Profit and Stop Loss levels and are usually closed within minutes. Usually 1-2 trades are taken in a day.
Although the system does not utilise any indicators, you may find using horizontal lines and Fibonacci Retracements as useful.
What You Get: You will receive username and password to member’s area. Members area which has 8 modules, 6 training videos, 3 bonus videos showing advanced setups and process diagrams and map.
Member’s area also contains a module with screenshots of a number of trade setups.
The last module contains information on futures broker that Tipu recommends. There are 11 training videos in this section on how to use the platform.
License: Not Applicable
Installation: Not Applicable. There are no indicators/files etc to install for this system.
Customisation: The system does not use any indicators and therefore there is nothing to customise. However, as mentioned earlier, you may find using horizontal lines and Fibonacci Retracements useful.
Money Management: The training does go into any specific money management rules/principles. However, every trade has a fixed Take Profit and Stop Loss level. The risk:reward ratio is 1:1 and the Stop Loss is moved to breakeven as soon as the trade reaches a certain level.
Broker Requirements: Tipu recommends a certain futures broker in USA but you can trade with any broker who offers Dow Eminis.
Proof of Results: No proof of results is provided. There is a table with trading results from a 21-day trading period but it is not verifiable. There are a few videos on the website showing the entry and exit for a few trades.
Support: Customer support is available by email and is very responsive.
Money Back Guarantee: 30 day, 100% money back guarantee through Plimus.
Pros
- The training videos are easy to follow and understand. Tipu has dedicated couple of modules to explaining price action and candlesticks.
- The system is very simple to understand and implement. There are no complex theories or unnecessary indicators.
- Trading Dow Emini Futures allows you a fair opportunity to be an actual part of the market and trade with other market participants knowing that all orders are matched on a centralised exchange on a ‘first come first served’ basis
- The system takes 15-30 minutes at the opening of the US market and therefore there is no need to sit in front of the computer all day.
- This system is less prone to news because you are in the market for few minutes only.
Cons
- At £147, the system is on the expensive side of the price spectrum.
- People with a reasonable understanding of candlesticks and price movements may find couple of videos very basic.
- The vendor is providing only a 30 day money back guarantee. A lot of products/systems offer 60 day money back guarantee.
- Unlike Forex, you cannot trade Eminis with a few hundred dollars in your trading account. Ideally, you will require a trading account with few thousand dollars.
Final Thoughts: DowScalper has certainly produced some impressive results for what until now is a relatively unknown trading system. However I would expect that this will change as more traders become aware of it.
This system has been specifically designed to trade the Dow Eminis and more importantly to take advantage of the early momentum move at the open of the market.
The system is easy to understand and implement and requires only 15-30 minutes per day to trade. Whilst I believe it is on the expensive side, I think it is worth giving a try. If you do decide to buy, consider my cash back offer and remember the vendor offers a 30 day money back guarantee on this system.
Interested in Buying: Click Here For Best Deal
ABOUT THIS REVIEW
I have been trading Forex for a number of years and have traded shares, options and futures as well. I have spent tens of thousands of dollars on various expert advisors, systems, strategies and seminars. Some of the products worked for me but most did not. Sometimes it is so easy to get sucked in by the marketing hype created by the promoters of various products. I have to admit, I have done this many a times myself. After buying some of the duds, I felt there is a need for someone to provide an unbiased opinion on these products. With this review service, I hope to give you my honest, no bullshit assessment of this product. My commitment to you is that I will not be recommending a product that I do not believe in and will not be willing to use myself. Yes, if you buy through my website, I get to make commission from the sale but to show my commitment and the desire to help you out; I will pay you £48 back as cash back bonus.
Interested in Buying: Click Here For Best Deal
Please feel free to provide your comments on Dow Scalper on my blog.
To Your Wealth!
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