Jazz Live debuts

Because GBP was showing neutrality on friday. So we took a long.

Shorts on GBPJPY hits targets this morning. Closed a GBPUSD in loss.
GBPAUD,GBPCAD shorts hit targets so does EURGBP long hit targets.

http://copier.jazzforex.com

sorry, i didnt mean why enter, more why have a position over a weekend when you dont keep weekend positions as a rule

Rule? We are our own law. Am just kidding.

Again reminder the thesis to the system is this. Point no 4 is the only rule in there:
1. Jazz SQN is 1.5 to 3.5
2. Jazz TSS is 2.5 to 4.5
3. Jazz monthly returns is 20%
4. Jazz Max DD is 25%.
5. Trades are taken based on a Jazz AWTS system. Sometimes we can take trades outside Jazz but we intimate our clients before hand if we do so so they have time to switch off copier.

Thats the Investment thesis.

About weekend trades. Its a general practice that trades are closed EOD and each day is a new trading day but sometimes trades can carry on. Assume it happens 10% of times. Ideally we dont carry positions for exactly the reason what happened to GBP today.

But the other way to look at it is: Even that would not dent Jazz performance. Talk about worst case.

still think equity chart looks WAY different live (or with us following) to what it did before....very up and down now........also too many cases of trying new things, first was the "did my own trades" , and now decided not to close GBP trades EOD and well we see what happened there......for me discipline is a must for any money manager. hope it goes well for you all

yeah I fully agree with you, there is no consistence, much better less gain but consistency, definitely not for me.

Yes I have to agree as well. As been speculated a long time it more and more looks like it is the case, the system was optimized for the summer session. Now it's all over the place mixing a few great days with really bad days. No consistency at all. I would also prefer a lower daily return in exchange for less variation.

It doesn't matter if losers are cut early when so many trades are losers, added together it makes a very bad result anyway. A daily loss of 5-10% on a regular basis is worse than almost any other system out there and makes it impossible to trade large/normal lots. And that will cause you to miss out on the few good days because you can't risk that much if 2-3 bad days in a row would occur.

So again i will have to learn my lesson, don't fall for the big talk and short history. Listen to the guys who have been around long, they always require at least 6 months history. I can understand why, it will expose 99% of all systems.
And also be suspicious of sellers that want you to sign up for a longer period, like this one for 4 months. It's almost always because they know the system will fail very soon and they want to cash in as much as possible before that. There is really no other reason not to use monthly payments.
So beware of that, it's so true in this case. Now they've cashed in 3 months of free subscription fees, instead of just 1. Because i think almost all of us would have left otherwise and not continued to subscribe. So smart move by them.

Lets see how it continues...

@cranberry I think you are concluding too soon on the system. We made the system. We know it better than all of you combined Yes the August speed of return may be missing but the the system is doing its job. It is still up 7% for the month. And its only 10 days into the month Arent you asking for too much Or you guys believe this is the roulette and we can spin our way to glory

I too want Jazz to continue the August smoothness where day after day, we were clocking 1.5% a day. That was phenomenal. There will be months like that as well and there will months like september where a country is about to split open and currencies gap down by 200 pips and yet the system taking the brunt of that still is up 7% for the months. What can be more worse that being at the receiving end of a gap down of 200 pips!!!!
And yet it is still at 1% a day in sept as well.

Investment thesis on why you should try it out.
1. Monthly return 20% (long term average but almost 99% of months will have over 20% return)
2. Max DD 25%
3. SQN 1.5 to 3.5
4. TSS 2.5 to 4.5
Apart from that, nothing is being offered. It does not promise you consistent returns though it does well unless countries split over weekend.

And most important. Jazz is making money publicly under pressure from trolls who jump into make fun. That should tell you that lesser mortals would have run away. Here is Jazz under public scrutiny for since July and yet is standing tall with 25% in July, 20% in Aug and now 7% in Sept.


Also have been very buzy so not attending the thread. Sorry about that. Our backtest and our continuous support has given us clients and now we need to work for them. The ultimate aim for this whole exercise was to sell the algo to a fund or prop manager or broker with actual retail clients having made money. That is 2 to 3 years away and we are already down 3 months down the road. We already have 3 term sheets and those guys are also watching this thread. Obviously the buyers are not dump as the trolls here who expect a lottery every day.

You guys should wait and watch Enjoy the fun as Jazz serves it up

my other suggestion is be patient. give it time and space to work. This system is not best tuned for US clients with a mere 1:50 leverage. So those are issues you need to work around.

Current trades:

GBPUSD short
EURGBP long since .8025
EURJPY hits target
GBPJPY short
GBPAUD short
EURCAD long.

Do not jump in mid way.

About fees....wait till it goes up to $2000 per 6 months. Fees goes up as performance rises. This is the simple rule. Every month it hits 20% return, fees will rise. You guys are worried about monthly? Let me do the opposite. It will be six months lock in from the current 4 month lock-in. I will do that at end of sept. We dont need to offer as per your liking. I mean some day you will demand let their be daily payments for the pips made. We are not doing manual labor here for you that you pay by the day and by the hour. Just keep watching the performance as the equity curves winds it way up higher and higher. Bottom line is performance.

were you under scrutiny in July and August ?? certainly end of August and early September, and as you say Bottom line is performance......I dont see on myfxbook that you are +7%...all i see is it goes up and down daily like a yoyo....anyway as you say lets let September run and see....

i have tried my best to remain open minded...but this is a non starter, when i compare the posts here and on myfxbook, it appears now that you are not who you claimed to be and do not have the connections you claimed to have......there have been people now maintaining that you are not part of any regulated group from Cyprus and that you are not part of Goldman Sachs as you claimed. you dont show live results only demo, you say you have 15M in accts elsewhere but dont show them and if you were part of Goldman sachs they wouldnt allow trading at xyz brokers....you go on and on about why we should all keep quiet and that we know nothing and that your performance is stellar.......well you have managed to dig yourself a massive hole as your performance is stellar....but Negative....18% down now this month......yes yes 25% is in your "advert" but since being monitored here your performance is tragic...no one believes your past data...its time for you to put up or shut up....dont post your claims here of being part of Goldman Sachs and having 15 M etc....we are not idiots. the truth is and always will be in your performance and i suggest you stop calling us idiots until you have proved you are who you say and can deliver the performance you tout so loudly.

as you can see system is currently in a downtrend. maybe it will reverse may be not.
when it broke downtrendline, it than went back up and retested the high is system in drawdown or profit
i pulled the plug to watch for a bit

the carnage continues, the account is bleeding badly, another down day, 9 trades 8 losses, average loss bigger than profit......this system has died a death

sorry been away from here. We have a skype going now so hardly visit here. And I see that in my absence you have as usual written of the system. Lets be clear:
- We never said we are GS. We never said we managed any third party money. We have never done any retail setup before. This is our first time. In the past we have been setup via cyprus for a specific setup. We cannot reveal all details. We also setups via BVI. In future we may explore mauritius for Asian investors. We have always said we will reveal our regulated setup to those with substantial capital to trade. Why is it difficult to get in to your heads that it is not important on how we are setup?

I wonder where these rumors come about us being Goldman Sachs. Why would Goldman Sachs come to forexfactory?

So just because ma absent here does not mean you float stupid rumors.

Jazz is doing fine. Its been a bit turbulent than before but will settle down.

welcome back volatility
this system will settle down only when market will settle down as happened in July and August.

as usual I see the oldies troll like @Blackwater giving trolling advice when not asked for keep going. This thread has no more use anymore.

Pipvantage..you ask above why there have been questions "rumours" about you being part of Goldman Sachs. This may give some clarification.

You stated here on FF "We are primarily a equities special situation fund called WhiteHall via Cyprus"

When questioned about this by Smarttradertest, on MyFxBook, you responded with "ha ha u did a good job. Whitehall is part of Goldman Sachs"

So I think the name GS was first brought up by you yourself.

Perhaps the easiest way to stop this constant tooing and frowing is simply to tell us your set up, as those on MyFxBook who have checked have found no Whitehall in Cyprus, and no Whitehall part of GS.

Easier you just clarify it no ?

I'm not a troll, actually I'am an "almost" user and if your system will settle down as you said I will more than happy to pay you the fee and copy the trades.
Cheers.

I am a subscriber to Jazz.

I joined right at the peak of performance and therefore have never been in more than very little profit and am currently in drawdown and will be until a new high is made.

Having said that, I knew the risks when I joined, I knew that this was and is a very aggressive system (it spells it out on their website) and the potential for a swift and fairly deep drawdown was high. I also understood that the potential for a fairly swift recovery is also high.

Am I worried? No. Have I been worried? Yes, at first I was a little concerned when I went straight into drawdown. But as I said above, I knew this could happen. Will I be worried when it happens again, as I'm sure it will? Of course I'll be a bit concerned, it's my hard earned money at stake, but I won't be blaming Jazz or calling them names. It was my own decision to join and is my own decision to stay.

I do wish the vendors would come across a little less arrogantly on the forums! But that's up to them, and being goaded by other forum users is very hard to just ignore as I'm sure most of you will understand. I also hope their arrogance is justified over the long term.

I can tell you though, that as a subscriber my contact with them has been nothing but positive. They have been vey helpful and have also sent out emails explaining their trading actions when necessary and we subscribers were informed beforehand that the GBP trades were going to be left open over last weekend and their reasons why. Therefore we were able to make our own decision, in plenty of time, to leave those trades open over the weekend or to close them. Of course Sods Law came into play and the GBPUSD gapped down over 100 pips. As a seasoned trader I know such a gap is very unusual and Jazz and the subscribers who kept the trades open were very unlucky.

Some of the comments on here are uncalled for, but I don't want to get into conflict with anyone so I won't mention them.

What I will say is that the copier is excellent, and I am in complete control of my own risk.

Having watched the trades for a month (400+) I understand where the Jazz team are coming from for the majority of trades and I like their style although it won't be for everyone. No system is.

But, let me tell you this: Personally, and this is my own preference, I would rather have a system that takes hundreds of trades a month, having -10% days and +10% days amongst them, than have a system that takes maybe 500 trades a year, trickling into -25% drawdown over a few months and taking a few more months to get out of the drawdown. I think of it more like a condensed timeframe, what I mean is I view this system like 4 or 5 months would be akin to another systems whole year.

I hope this helps clear the air some here, and if anyone would like to ask anything to a mere subscriber I'll be happy to answer honestly. I realise this is my first post here so some of you will no doubt think I'm connected in some other way to the Jazz people, but I assure you I am not. I have been a manual trader for many years and have also tried out lots of EAs but gave up on them a while ago. I have also tried a good few signal services over the past year as ill health caused me to give up my manual trading for a while and as it was my only income I wanted to try some signals.

In conclusion, for the month I have been a subscriber to Jazz, with all the ups and downs (mainly downs so far), I actually like it. I can't say I recommend it yet, it's just too soon. Even if I were in big profit it would still be too soon to recommend. But if you have a decent size fund available to trade and are looking for an aggressive system with good potential, then you could do a lot worse than giving it a try. If you don't like it after a month or two then they will refund the unused part of you 4mth subscription.

Best of luck to everyone,

Lazy Bones.