Read through our Frequently Asked Questions here...
Q : I know there is no Holy Grail, but there must be a system that at least meets expectations. If I followed your system to the letter during an average week and placed 30 trades, what would you expect the ratio of wins to losses to be?
A : If you followed my ' key to an 80% strike rate guide' then you would achieve an average 80% of course, but following to the letter is one thing being able to trade is another. Never ever buy a system where it tells you that all you have to do is follow the instructions and you will make money, there never has been and never will be a system that will make you money long term that way. With mine you follow my simple instructions but you must be able to make relatively beginners decisions. You may be trading a pair for instance that for the last few hours has moved nowhere but up and down 20/30 pips etc, in other words consolidating, going sideways, doing nothing etc, no one even with the most basic of knowledge would risk a trade there, can you recognize a trend? if you can you won't go far wrong in trading generally, most cannot recognize a trend unfortunately. Outside of the ‘80%’ guide expect a 60% minimum strike rate, 60% again is very high within the trading world and with simplicity being the key, then what more could you want.
Q : Can you elaborate on how much time your system takes per day to produce results? I appreciate it`s not a simple question, but I sometimes have limited time and there are systems as I am sure you know that produce only 1-2 set-ups a day (or less) and if you miss them they are gone. Any info you can supply re the time required, times of day/night set ups can be expected and also what sort of profit/drawdown’s can reasonably be expected would be useful.
A : It is a tough question to answer because I don't know your ability as a trader or indeed your attitude to risk, therefore I can only give an answer as detailed below.
Most of my members will trade the forex markets, you have a lot to choose from and with a little practice can generally identify a potential set up within seconds. So if you can peruse the markets it will be rare that you will not find set ups approaching when you are looking for them. Many believe that trading is all about placing trades here there and everywhere when trading is actually 95% looking for the high probability set ups. If you are a trader who prefers to master just 1 -3 markets then the amount of opportunities will be less and will happen as and when they happen, for instance you may have the EUR/USD meet the set criteria once a day or indeed 6 times per day. I mean no disrespect by this but the nature of your questions give me the impression you have little experience, great for my system as you do not need vast experience, but you do need to realize that no one can determine when set ups will occur. Most will happen during the London and USA sessions but I do have many members trading the Asian.
Drawdown’s and profit potential are explained fully on my Jackal Juicer page on the website. You also have the alternative of ' bending' the rules slightly to give you more action if that’s what you require. Personally and for my most successful members there is plenty of action, you just have to be prepared to look for it, which as mentioned earlier takes very little time.
Q : Is it my imagination/a coincidence or do Superior Signals remain quite relevant on the following day as well as the day for which they are intended?
A : Purely coincidence, they have no relevance at all after midnight on the day they are valid for.
Q : I am interested in the Jackal Juicer and I have a few questions about it. Does it only work on the 15 min time frame or does it work for higher time frames? What charting platform does it work for (MT4)
A : The 15 minute time frame is the most desirable though I have members who trade from the hour. As with any system available though, the higher the timeframe the higher the stop needs to be of course. It will certainly work on MT4 or any of the main brokers/ spread betting platforms available. If you prefer to use a higher timeframe you would just need to contact me once you have read the system criteria and I would then advise you on how to proceed. We use the 15 minute generally because our stop would be a maximum 35 points which is within the majority of traders comfort
Q : I am very new to forex trading and need help finding a system to trade. Is the jackal juicer a standalone system or do I need to get your signal service also?I live in the USA and trade the US and sometimes the Asian sessions (schedule permitting) How does your juicer do during these times? Thanks so much for taking the time to help me.
A : The Jackal Juicer is very much a standalone system, it’s just that many of my members use both my services and trade with them both. I actually advise against this and especially if inexperienced. I have many members from the USA, about 40% of my entire business so hopefully that answers the second part of your question. The Juicer just requires certain set up’s to occur, you can also adjust or increase the frequency in which you trade following the system rules. I’m always here to answer your questions and iron out any problem
Q : How much risk to you advocate per trade? I have heard anywhere from 1 to 5%. How do you view this especially in light of having more than one trade working at any specific time?
A : There’s a whole section on various money management principals on my site, but here is my stance. You have to develop your own comfort zone, 5% to most would be very much an extreme. Average trader will risk 2 – 3% of their account on any one trade but there is nothing wrong in using 1% to begin with and gain that all important confidence factor. No one, even professionals will have more than 2-3 trades on the go at any one time, combined your risk should not extend above 5% at the most. Most don’t realize that many professional traders actually only ever trade one market and become a master of it. It’s a very good question, having sound money management principals are very important if you wish to prosper as a trader indefinitely, well done.
Q : HI Andy I have thought of another one......how many forex pairs do you recommend using the JJ on?
A : Only as many as you can comfortably cope with, a maximum of 3 is usually enough, I rarely trade more than 3 at the same time myself.
Q : I have my trading account with Oanda. They do not offer many technical indicators. Do you know if the one needed to trade the JJ is part of their platform? Thanks again for all your help
A : Let me answer it this way, if they haven’t then you would need to change providers, I very much doubt they haven’t though, I would be very surprised indeed.
Q : If one decides to stay in a trade longer than prescribed, is that decision based on an indicator or price action itself? That is definitely my weak point.....knowing whether to exit the trade or hold on for more pips.
A : Price action, best thing you can do Katy is bring your stop constantly closer to breakeven then profit etc or use a trailing stop, prefer manual myself. Never let a winner turn into a loser are golden words. If you’re 50 ahead and your stop is still in the same spot as when you opened then you need a kick up the you know what Jdoes that answer your question? There is plenty of advice on the system itself regarding taking profit, staying in getting out etc.
Q : Hi Andy, I'm interested in getting started trading on forex and your Jackal Juicer system looks very interesting. I'm very new to all of this, and I’ve been practicing on MetaTrader and watching some training videos on Forex, spread betting etc, do you recommend CMC Markets for trading? it looks very user friendly for people like me! What is the minimal amount I would need to initially invest? What do you recommend I trade initially? Obviously spread betting is risky and I'm not expecting huge profits (if any profits) but what is the worst case scenario with your system?
A : CMC markets are huge, unlikely to go under and definitely not a scam so you're off to a good start ;-} I don't personally use them but have members that do, best advice, once you've sifted through the abundance of brokers, spread betting platforms etc, use whoever you feel most comfortable with, simple as that. Invest what you can comfortably afford to trade with, what you can 'comfortably afford' and what you 'can afford' are vastly different. Some traders look at it in this way, if you were to be the world's worst trader and lost the lot, how much could you lose without resorting to the Samaritans ;-}. Start off small and comfortable rather than large and sweaty. Recommended pairs to begin are generally the EUR/USD and the USD/CAD, more information is available via the product itself. Worst case scenario: If you follow my system and the money management rules you will be in the game for a very long time indeed, chose to ignore the system/ advice and kiss your lovely lolly Tata in a very short space of time. You should by all means expect profits, that’s why you want to trade I presume, get it right from the beginning andyou will profit from the beginning. Get a little off track and your money management will counteract your wayward style and get you back on track as you progress. Hope this all helps.
Q : Just a few quick questions. What charting software do you use? And what is the best pair to trade between 7pm and 11pm?
A : I use FXDD metatrader, IG Index and just occasionally as I still have an account with them VT Trader. The second part of your question, due to that specific trading frame, is most easily answered by ‘ whichever pairs are trending/moving ’ or where a set up exists. You are of course approaching the USA close and both volatility and volume will decrease. It’s just as easy to flick through the charts as wait around of an evening for a potential set up, you will spot any action very quickly with a little practice.
Q : Hi Andy, been using the Juicer for 3 months now and am doing very well but feel I could do a hell of a lot better. On many occasions I have seen trades but it means I would have to increase the stop. Most of the times it’s only 5 – 10 points but do you know if other members would do so.
A : Great question, I most certainly would but then again I’m an experienced trader and would not miss out on a high probability trade for the sake of a few points. Many of my members would do so also, the time not to is when you are first starting out, when you have no idea why you are about to increase your stop and when the only reason you are increasing your stop is because the trade is going against you. The system revolves around 35 as a stop because to most that would not scare the life out of them and most importantly you will still get enough action using a 35 maximum stop or less.
Q : One of the best pieces of advice you have ever given me was to learn what an actual trend is, you said most think they know but most don’t, I was one of them. Learning about trends, when they are forming, ending and in progress has been invaluable thank you, so after learning about trends what is the second most valuable advice you could give me please.
A : Hi, Up there with trend recognition is most definitely a sound money management principal. There is a wealth of information on money management on my site and I will always answer any direct questions on the subject too.
Q : Hi Andy, what is the winning rate of Jackal Juicer? 80% or more? What is the best trading pairs for it? How often trading opportunity appears per day?
A : Depends on your attitude to risk. Follow my 80% plan and you will get an average 80% but less action. The method will allow you to determine your own strike rate dependant on the amount of action you want. Favorites are generally the EUR/USD and the USD/CAD but the simple and best answer to that really is whichever pairs are meeting the criteria. Spotting opportunities is a doddle after a little practice. Question 3 is way too vague unfortunately. Which session will you be trading, how long will you trade for, how much can you cope with, what’s your attitude to risk, higher the risk the more opportunities there will be. Let me put it another way, no one has ever complained of lack of action. Trading is 95% searching for high probability trades, not frantically placing them every few minutes. This system is about quality not quantity, as I always say give me 5 x quality 30 pip moves over 1 x 150 heart attack move anytime.8 years I’ve used my system for and will continue to do so for another 8 at least.
and to become a self sufficient day trader, no more relying on signal services or second hand information. 