Product Name: Supreme Complexity
Author: Christopher Jackson
Legally ‘Steal’ Multi-Currency PIPS using 10 year bullet proof technology! Swipe up to $14,946,478 using one click secret service…
Price: $87 monthly or $397 annually (first 250 licenses only)
Money Back Guarantee: 60 days
What Do You Get?
- Customised EA for use with MT4 trader programme on forex account
Where To Buy: http://www.supremecomplexity.com
Supreme Complexity by Christopher Jackson is an Expert Adviser (EA) that will allow you to trade automatically. The system trades four main currencies, EURUSD, GBPUSD, USDJPY and AUDUSD. It also trades during periods of sideways movement as well as periods of volatility.
What’s It All About?
An impressive opening video is somewhat spoiled by the sales letter that follows it. Proof reading was clearly not a priority and some of the phrasing is a little weird.
Basically this is a Expert Advisor trading system that means you can trade automatically. They also suggest that manual trading alongside the EA is possible although don’t explore this in any depth.
The recommendation is to trade on the four currencies mentioned above using the 15 minute timeframe. The software was released on July 20 which means that it is a little early to see if traders are able to reproduce similar results to the sales page.
Talking of which the results provided are based on back testing various periods, primarily 10 years. The returns show $47K for USDJPY, $52K for AUDUSD, $78K for GBPUSD and $82K for EURUSD. A word of caution as results from back testing are open to manipulation so please bear that in mind.
How Much Money Do I Need To Get Started?
The sales page suggests that a starting bank of $100 is sufficient although the inference is that a more substantial bank would be better.
How Much Money Can I Make?
As shown above the back test reports aren’t a spectacular return over the ten year period, these are based on $10 a pip so you can calculate what that means for other stakes.
How Much Time Will I Need To Make This Work?
The EA is programmed to work automatically so once set up there shouldn’t be a need for too much monitoring. It’s also worth considering whether a Virtual Private Server (VPS) would be an idea as you would need continuous internet access to run the EA.
Will I Need Any Equipment To Do This?
PC, Internet connection, forex account with MT4 trader (Possible VPS if worthwhile)
Value For Money?
At $87 a month this may not be for everyone (although you can purchase an annual license for $397). It’s too early to really make a judgement on overall value for money. Like the majority of EA’s the developer says it would be suitable for both novice and experienced traders.
Quality Of Customer Service?
One of the major findings of a survey the developers undertook was that users required greater support when using their system. As a response to this the support being provided is claimed to be better than others.
With any new product launch there is always a degree of hype surrounding it and this is no different. By doing some research it’s clear that no-one has done any real testing and they are relying on the information provided by the developers.
This always raises a red flag as the perception is that getting people to part with their money rather than providing real personal experiences is the main driver for publicity.
As virtually all forex systems use these tactics it is probably unfair to single out just this one example.
What would be valuable are independent testimonials that back up the sales message. Unfortunately the ones found on the site are somewhat suspect. It appears that ‘Kathy’ and ‘Jenny’ may well be the same person (if not they have very similar appearances) which does not bolster confidence.
Another area of concern is the example they use of the performance for EURUSD over ten years. They show a $10,000 opening bank increasing to over $14 million in the period. Strangely the report shown gives a winning ratio of 44% and a losing one of 56%.
This also contradicts other information for performance as reported above. It is possible that stakes per pip may have been higher on this test.
There is a standard 60 day money back guarantee available through Clickbank which would provide some degree of comfort if a purchase was made to try the EA out.
Using a demo account for testing would be advisable and searching for genuine reports from other users on a regular basis would also be a good idea.
One report did state that the developers had previously released a product called Forex KAGI which was not very successful.