Vegas Profitability

I open this thread to pose a respectful question about vegas systems: How profitable are these systems in the long run. I dont mean over a month period. I mean over a period of one year and longer if possible. The reason I am having a few personal doubts about the profitabilty of these systems is that vegas (who I acknowledge is a nice man ) has had a system called "Passionate about Profits (PAP)" on collective2.com for over a year now (54 weeks) and been selling it for 150 dollars a month. Now no one knows exactly what is in the strategy he uses but it seems reasonable to assume the strategy will contain his best and most effective techniques as he is trying to profit from selling the approach. The results are that he made an annual profit of only 7.8 % profit even though he made 74 trades in 54 weeks. I could make 5% just by leaving my money in a 12 month bond at my local bank with no risk at all. So getting 7.8% is not impressive at all to be honest given the risk and the amount charged. So has anyone analysed how profitable the vegas systems are that are available on this board such as the VWB and the four hour tunnel etc? Any thoughtful analysis would be VERY welcome.



kind regards,


volvo

Hi Volvo,

I had a more detailed reply using what I know and somehow back stepped a page and lost it!!

I'm dying to go to bed now , but to be brief.... LOL....

The PAP signals were based on Vegas Wealth Builder (VWB) only. A daily system.

The real track record for this system accross various pairs can be found at www.tunneltrading.com

54 weeks isn't quite a good indication,for one. He created and mucked about with the account for months before it ever was used for it's end purpose.
The signals started around March (??? correct me someone if I'm wrong)

You can't go by the statistics on the sight. The service was intended primarily as a medium in which to get signals out to us all without legal liabilities and all the crap you can imagine that goes with it. (You could get in real trouble, as you can imagine!) Also, the C2 account was never played with relevent percentages to get a true return reading. If you get what I mean.

I'm thinking about it now, when you mention 7.8% profit that's actually includes the massive negative figure he started the true service at (from playing around as previously mentioned).

Anyway check the track record out for yourself.

As for his other systems. Dial uses a variation of the Vegas' 4 hr method Extremely successfully ( do a search for "Lost in the Tunnel" for his first explorations into the system before it became the knife). The 1 hour method I've had a go at for a while (where's the disapline? LOL) and it's nothing to sneeze at either.

The VWB method, backtest it yourself and you'll see how well that works!

Cheers,
Bundy

That was a most interesting contribution Bundy

In my opinion, Vegas's methods are very powerful if used properly and with disipline. I have been using the 4 hr methed very successfully for about 6 months and I am now starting to intergrate the VWB daily method. I would suggest you start with somewhat large stops and let your profit ride. The hardest part of these methods is waiting for your profits to come in. For instance, look at cable with the 4 hr plugin Sept 25. This move was worth almost 400 pips but you had to stay with the trade a few days to get the full move. Just my 2 cents hope this helps you.