FOREX REVIEWS

After searching through many different commercial experts I decided to try the Evolution EUR/JPY system made by the Forex Global Trading Company. This expert advisor is, according to the company, their most reliable and consistent expert advisor which has been able to provide solid proof of profitability throughout the last year. As you know, this is not nearly enough to convince me about the profitability of a given expert advisor. I know ea seller speeches like the back of my hand and I am very hard to tempt with the "forex dream" or any of the usual gibberish used by regular marketers. What really caught my eye regarding the forex global trading company (fxgtc) or their expert advisors was their clean cut, no marketing, straightforward approach. When you look at their website you are greeted with brief descriptions of the expert advisors which upon entering give you the immediate option to look at forward, live and backtesting statements of their expert advisor systems. N...

When one finally decides to buy an expert advisors which seems to be robust, adequately tested, well behaved and likely to give consistent monthly profits one believes that the problem of having a fully automated money making solution is solved. Well, what broker are you going to use ? This question is important for many reasons different than those you may be thinking of right now. When people consider brokers, they generally consider things as spreads, honesty, slippage, stop hunting, etc. These are all things that affect the trading of the expert advisor but should all be good when using a decent forex broker. What really starts to matter are details which you should not have paid attention to at the beginning. In essence, the price feed and the time of the close and opening of the candles. This may sound trivial but the same expert advisor may perform completely different between two brokers with different price feeds. Completely different does not mean a few pips, what I mean is t...

In the world of forex automated trading, many expert advisor creators offer many sorts of testing information to backup the supposed profitability of their trading expert advisors. They show you backtesting, forward testing and (in the best cases) live testing to show you that their expert advisor have been tested and properly conditioned to respond well to the forex market. We are customers and we are in general honest people who want to get some money by investing hard earned trading capital so we are psychologically prepared to believe in the evidence that they show us because we like to judge people by how we are. So if we are honest, we believe ea creators are honest too. This proves to be the case most of the time but if you are going to put money in the market using an automated trading system, trust, is just not good enough. The most adequate solution I have found to this solution inside the world of forex automated trading is the use of investor access. That is, ea creators, i...

If you arrived at this webpage you have probably been looking for reviews or information on some expert advisor you saw on ebay or on another auctioning website. I have to say, expert advisors that come from this type of webpages are particularly dangerous. I will now give you some pointers on why : 1. Many times, the seller is not the creator : This is true in many cases. The seller poses as the creator of the expert advisor when in reality he simply downloaded some code (which is probably free) and made some back tests in doubtful conditions to create conditions under which the ea showed profits. 2. Test results are many times forged : People here most of the time forge their live, forward or backtesting information in order to sell the customer their product. They add, delete or modify trading entries, percentages or quantities in order for people to believe that their products are profitable. Remember, you should always request investor access to live accounts when purchasing exper...

Readers of my newsletter have known about this trading system for a little bit more than a month. The SDS or Simple Daily System was created conjunctively at forex-tsd.com . I, in particular, have been using a version of this ea programmed by a person whose online alias is Derek. The expert advisor is programmed to follow long term trends based in part on the PSAR market indicator. What I like a lot about this expert advisor is the fact that it uses a money management technique referred to as D'Alembert money management. This tecnique simply increases lot sizes linearly with loses in order to ensure faster equity recoveries. It is ideal for expert advisors that rarely suffer from large streaks of consecutive loses but are likely to have several win, loss, win, loss sequences and several profitable trades. Almost every expert advisor may be extremely improved by additions of proper money management and this is a great example of this. Without this system, the SDS ea would be a prac...

Ok, this is what all of you have always been looking for and probably the reason why you entered my website. You are looking for a proven, profitable expert advisor that you can trust and trade in your live account with the most minimal risk of large equity draw downs. With all due respect : You are delusional. Let's start with the facts. What do you mean by proven ? Someone has made money with it ? Someone has been making money with it for an x amount of time ? Many have made money ? It has made money on different brokers ? As you can see, the answer to this question is very difficult by itself. I will now make something clear to you which you may have already suspected and which may seem a little bit hard to read : There is no such thing as a proven system in the forex market and there is no such thing as a low risk expert advisor. Yes, that's right. There is no such thing. This happens by definition, because the forex market is dynamic, ever changing and unpredictable in na...