FOREX REVIEWS

The subject of Virtual Private server hosting is a very sensitive one that affects all traders who want to use automated trading systems. Although it is possible to build a "home VPS" by setting up a raid backup server, a secondary internet connection and a large UPS this is not practical for most people and renting the service from a provider located within a data center seems like the best idea. Amongst the realms of shared VPS servers - where a single computer is shared as a host between different servers - Thrust VPS comes out as a new, fresh and reliable service that can be used by forex traders to host their metatrader 4 platforms. There are several problems that usually happen with Virtual Private Servers that make people very reluctant to use one or another service provider. The most common complaint of traders about their VPS servers are unscheduled reboots (usually done for updates) problems accessing their platform through remote desktop and the lack of responsive...

Today I am releasing the 2nd video monthly reviews of automated trading systems. In August we saw the release of many different new trading systems, most of the expert advisors released have absolutely no proof of live trading and most of them do not even give the trader a decent glimpse at simulation results. As always there is an incredible desire of EA sellers to hide information that is easily available and to make the showing of live trading results a shadowy process based on screenshots and html statements when having transparency is as simple as offering a live, investor access verified myfxbook account. This month we saw the release of forex bullet proof which was pushed hardly by affiliates with a massive amount of junk email being sent. After looking at the website we then find nothing but a very dangerous martingale system with very shadowy "evidence" of profitability that is certainly NOT reliable and makes us become very suspicious about the ability of this syste...

Certainly there have been a lot of new expert advisors being released every month and writing a post review for each one started to seem like a huge task that didn't make a lot of sense since many of the trading system's being released don't even have the slightest hint of reliable evidence of profitability. Due to the fact that I consider reviews very important but due to the fact that I also consider that my written posts can be devoted to more practical and educational matters I have decided to give my reviews a total turn around, changing the way in which they are done and shared. On today's post I will be sharing these changes with you as well as the first monthly update of expert advisor video reviews :o) The problem was actually very simple. There are many new expert advisors coming up every month and writing reviews for each one of them would have taken a lot of time and typing hand-stress. However stopping my reviews never seemed like a very good option because...

On this post I will start the review of trading systems that have come out during the months of May-June 2010 focusing my efforts on those expert advisors that have received the highest media and community attention. On today's post I will be reviewing an automated trading system called Forex Kagi which promises to use an "ancient Japanese trading technique" to grant to unprecedented success in forex trading. Through the following paragraphs I will be going through all the trading evidence shown by the people at the forex kagi website, I will see if the evidence is able to backup the claims of profitability made by the authors and I'll give you my opinion about whether or not I consider forex kagi worth buying and testing. Overall forex Kagi follows up on the formula of most of its predecessors regarding marketing. A website with an introductory video filled with relatively poor information about the trading system followed by a website filled with similarly poor cont...

Continuing with my ongoing review of recently released systems I am now going to review the Forex Galactico expert advisor. This trading software claims to be able to earn you 24K "in just one day" and put an end to your days of losses in forex trading. Is this true ? In order to get this answer I will first analyze the evidence of profitability provided on the website to see if it is able to backup the claims made by the authors. I will then analyze the trading tactic used by the system and I will give you my opinion about whether or not this trading system is worth buying and testing. After reading my review you will be able to see if the sellers of this piece of software are being honest or if they are intentionally hiding or not showing any evidence vital to prove the system's profitability and analyze the soundness of its trading strategy. The forex Galactico follows the same scheme as your regular EA selling website. It gives you an underdog story, it shows you back...

Going on with my review of recently released automated trading systems today I will be analyzing the Forex Illusion trading system. This expert advisor promises you will "beat the dealer" and achieve long term profitability in the forex market even if you don't have any previous forex trading experience or if you have "battled with forex" for a long time. On the following paragraphs I will go through this trading system's website, I will talk about the evidence provided by the author and I will tell you if this evidence is reliable enough to backup the claims of profitability made by the author. After doing this analysis and looking at the system's trading tactics I will then tell you my opinion about whether or not this trading system is worth buying and testing. The Forex Illusion's system website is actually quite odd since it lacks any of the usual "letter type" structure the general expert advisor selling websites have. The only thing...

Continuing with my review of the recently released trading systems I will now dedicate a post to the analysis of the Forex Samurai trading software. This expert advisors is actually quite different from other commercially available systems since the robot does not actually make trades automatically in virtue of a fixed logic but it merely duplicated signals which are received from a third party which is - as the website says - a professional source that has a lot of experience and profitability in forex trading. On this post I will look at the evidence of profitability provided on the system's website and I will tell you what I think about this service's trading tactics and whether or not I consider it worth buying and testing. Forex Samurai attempts to give us the ideal solution to long term profitability. By allowing a human trader to be behind the signals you receive on your trading platforms, this expert advisor allows you to trade - ideally - in the exact same way as the s...

On this post I will deal with the review of one of the most recently released automated trading systems. This expert advisor promises gains of more than 1440% with small draw down levels and claims profitable trades of +600 trades. Will the Forex STF system be able to live up to its claims ? On the following paragraphs I will be reviewing this expert's website, particularly I will take a deep look at the evidence and trading tactics used by the system to evaluate their reliability and whether or not they backup the system's claims of profitability. After doing all this analysis I will then give you my opinion of whether or not I consider this EA worth buying and testing and the reasons why I consider this to be the case. Does the Forex STF system stand a chance ? Keep reading to find out ! First of all, let us CUT the lies right from the start. There is absolutely NOTHING dealing with genetic algorithms within the programming code of Forex STF. Several people on some forums hav...

This article will feature the last of this month's released robots discussing the Pro Forex robot automated trading system. I saved this EA specially for last since there is some very special evidence about the dishonesty and unethical behavior of this seller. However I will leave this for the last bits of the review. First of all - and most importantly - I will evaluate the trading evidence provided by the author and whether or not this evidence is able to backup the author's claims of profitability. I will then go through the evidence to analyze the Pro Forex Robot trading technique and at last I will give you my opinion about whether or not this expert advisor is worth buying and testing. Can you flip a coin and pull a winner at least one of six times ? We'll see if the website is able to proof that the EA can do this. When you look at the evidence of profitability provided by the author immediately two things come to mind. Backtesting and Martingale. This trading system...

One of the latest expert advisors released is this system called Forex Money Train. This system claims to give people the ability to get significant profits from the forex market and achieve financial freedom in a short period of time. The system claims large sums of profit like 20-30K per trade and promises traders to win with a 90% of profitable trades. On today's review I will examine the Forex Money Trade expert advisor, I will go through all the evidence presented on the system's website and I will take a look at the system's trading tactic. In the end I will put together all the available evidence and I will tell you if the system is able to backup its claims of profitability and if it is or it is not - in my opinion - worth buying and testing. The Forex Money Train website starts like many other automated trading sites with promises of financial freedom, high winning percentages and market adaptability. However, when it comes to show trading evidence of these claims...

Today its the turn of yet another of the recently released trading systems called "forex revolution". The forex revolution is however not only about systems but about the creation of a community around expert advisor development centered around the experts developed by the revolution's programmers. On today's post I will write my review about the forex revolution, I will go through the community's/expert's website and talk to you about the trading evidence available and if this evidence is able to backup their claims of profitability. I will also evaluate the currently available results and comment on the soundness of the trading strategy used and finally I will tell you whether or not - in my opinon - this system(s) is worth buying and testing. It is a little bit difficult to write a review about a project such as the forex revolution. Since the idea of this website is to build a community about system development, new systems and evidence may arise in the fu...

One of the most recently released trading systems is the 4x Cash Compounder expert advisor. On today's post I will write a review about this system which will first analyze the evidence provided by the authors and then compare this evidence with the claims made on the website to see if the 4x Cash Compounder can actually prove its claims of profitability. After analyzing if the EA does have enough evidence to backup its claims I will analyze the soundness of the trading tactic used by the system and give you my opinion about whether or not this trading system is worth buying and testing. In the beginning of the website we have very common - yet rarely proven - claim. The website clearly states "A Robot that Works !". Is this actually true ? Does the 4x Cash Compounder has enough evidence to say that it will provide you with profits for a long time into the future ? The website says that the EA works day in and day out, month in and month out. Could all this be true ? And ...

Continuing with the reviewing of automated trading systems that were recently released today I will be writing about a new trading system called Forex Ironman. This expert advisor claims to make a 308% profit in less than 17 months with minimal risk to your trading account. On today's reviewI will analyze the evidence provided by the author of this EA and I will tell you if this evidence is enough to backup the expert advisor's claims of profitability. After this I will also go through the expert's trading evidence and tell you my opinion about the expert's trading tactic and its potential for long term profitability. Finally I will end this review by telling you my opinion about whether or not the Forex Ironman is worth buying and testing. The Forex Ironman starts its website with some very bold claims of profitability as well as an obvious and unethical breach of Marvel Copyright. I understand that it is a good marketing technique to use a currently "fashionable...

Today we are going to take a look at a system that was developed allegedely by a seven figure forex trader. This trading system- named Forex Massacre- claims to be able to do several interesting things like making more than 20K every month or thousands of dollars per trade. Today I am going to go through this system's website analyzing the evidence provided by the author and judging if this evidence is enough to backup the author's claims. After carefully analyzing the whole website I will try to analyze the expert's trading tactic giving you my opinion about the system's like hood of being long term profitable and whether or not this system is worth buying and testing. I can say with total confidence that this forex masscre system seems to be a total insult to customer intelligence. The website talks a lot about the benefits of the system, huge monthly profits, no need for previous knowledge about forex trading, more than 90% winning rate up to date but the system neve...

This review will begin a series of posts about the most recently released expert advisor. On this post I want to talk to you about an expert advisor released by a trader named Daniel Su, who appears to be from Singapore. As almost all forex robots, the forex kinetics (FX-Kit) system claims to be capable of generating consistent returns under varied market conditions with absolutely no intervention from the expert's user. On today's review I will go through the expert's website, analyzing the author's claims and evidence and I will tell you if - according to my opinion - this trading system is worth buying and testing. The first sentence on this website already started to bother me as I read the word "guaranteed", expert advisor sellers must be clear in that no profits can be guaranteed and that past performance never guarantees future results. An effort can always be made to ensure that trading systemswill have the pwoer to adapt to changes in market condition...

One of the things I get most criticized about is my evaluation of trading systems which have small TP and SL targets. People often do not understand the reasons why I do not recommend products that seem to be generating "a lot" of money for traders using them. I have been sent from time to time statements from several EA vendors and from third party users showing the excellent results of some commercial and freely available scalpers and they all look surprised when my replies all say the same thing : "your results are not statistically significant", "your results are not reliable", etc. Today I want to explain a little bit more the problem with scalper profitability and why there is currently no scalper available which has statistically significant and reliable evidence of profitability. For the purpose of this article I will define a scalper as any system that has an average profit target of less than 10 times the spread or which closes positions - in ave...

Today I will be revieweing the last of the expert advisors which were released during the past month. This trading system - called forex machine gun - makes some very interesting claims about consistent profitability, controlled risk, normalized returns and non-indicator based trading. During the following paragraphs you will be able to read my review about this trading system starting with a careful analysis of the evidence provided by the authors and the trading tactics used by the system. After carefully looking at all the evidence I will also tell you my views about the like hood of long term profitability for this strategy and whether or not - in my opinion - this system is worth buying and testing. The Forex Machine Gun has the world Martingale all over its website something which made me thing - in the beginning - that this would be another crappy Martingale system that has absolutely no chance of being profitable in the long term. Then I found out that what they meant was actua...

On another review I will be examining the Fish Forex Robot expert advisor today. This trading system- which was released a few weeks ago- claims to be able to generate 3000 to 4000 USD every month spending no more than 5 to 7 minutes a day "monitoring the robot". It also claims to be able to "double your account every month" a very bold claim which the author should be able to backup. Within the next few paragraphs I will analyze the trading evidence provided by the author and I will see if it is able to sustain her claims. I will also look into the expert's trading tactics and I will tell you if the Fish Forex Robot has a high like hood of achieving long term profitability and whether or not it is worth buying and testing. In the beginning you see a big box that tells you that you have two options. The first one is 3-4K of stable income from Fish Forex robot or vague promises of fortune-making strategies. However this is just very misleading and one of the mark...

Today I will be revieweing one of the new trading systems which has been released over the past few weeks. This trading system - called Forex Maximizer - promises you will be earning an income every month in no time, with consistent results that will "not make you a millionaire" but will allow you to "quit the search for a new 9 to 5 job". As always I will analyze the evidence provided by the author and I will see if they are truly able to backup the claims made on the website. By analyzing the evidence I will also be able to tell you the soundness of the trading system's tactics and whether or not the system has a high like hood of being long term profitable. In the end I will give you my fully unbiased opinion of whether or not this trading system is worth buying and testing. The Forex Maximizer website starts with the usual marketing hype that we have come to love so much. It talks about the mighty and mystical gurus that don't want you to know their ...

Ending this week of heavy revieweing of recently released expert advisors I present you the Forex Lightning trading system. A website visitor left me a message on the website's chat a few days ago asking me to review the system and therefore I am writting this post to honour his request. Within the next few paragraphs I will talk about the evidence provided on the expert's website as well as whether or not this evidence is able to backup the claims of profitability made by the author. I will also analyze the trading evidence provided and give you my opinon about the trading system's potential for long term profitability and whether or not I consider it worth buying and testing. Is the forex lightning the answer ? We'll see within the next few paragraphs. The Forex Lightning website must be one of the most simple websites I have seen selling a trading system. The website merely has two pages, one for the system and one for support with the first one being just a little b...