This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bullet Proof Review

Large moves happen in the morning – Europe
This is a well know fact that when Europe is waking up, large moves happen nearly every morning in the market namely in the GBP currency. Why? London is the largest trading exchange in Europe, but apart from London, there are also other strong economic countries like Germany and Switzerland. These start their working day in just around the same time (1 hour difference) so large financial institutions like banks, government, fund managers and large corporations effect their required transactions during this time. A lot more happens but this is just to give you an idea.

Furthermore, just before Europe wakes up the market is pretty slow since only Tokyo and Sydney are trading. During this time, volume is low since Europe is sleeping while the US market is about to close when Sydney opens its market. When Tokyo opens, the US is preparing to sleep and Europe is fast asleep.

So what happens is when Europe wakes up, it is like there is a spike in the market. Look at some of the following charts and see what I mean. You may also open your trading platform and see for yourself.

Forex-Market-Move

Forex-Market-Move

Notice how the price was slow during the night and then started to move strongly. The candles marked with the Purple Line is the 9.00AM Alpari UK Broker Time

How about we try and capture some profits during this time? In fact there are a number of trading strategies based on what I have just described. In fact I use one myself every single day, or when I manage to wake up so to speak.

False Moves
So we know the idea but the question is – in which direction will the market go? Up or Down or Sideways? Yes we make money if the market moves up or down. If it is going to stay sideways we will not make any money and we need to stay away, hence no trade.

And this is why there are a lot of trading systems based on this fundamental idea – the London Market. All try to find an accurate way of predicting where the market will go.

I have read a number of strategies and most of them are successful in the long run, and they will remain successful because we know why the markets behave this way. As long as Tokyo / Sydney do not change their trading time, these systems will remain profitable no doubt. Will Sydney / Tokyo change their trading time? No way if they don’t decide to trade during the night!

So, the key is to predict the direction of the market for at least the next few hours. There will be many false moves, you think that the market will go that way, it will go that way for 20 pips and then it changes direction in no time. This is where most systems fail.

Fake-Move

Notice how the price goes down and then moves up strongly for the rest of the day. The candle marked with the Purple Line is the 9.00AM Alpari UK Broker Time

Forex Morning Trade System
Yes I purchased the system as soon as it went out for sale, just a few hours ago. I am always intrigued about the way how the system triggers the entry signal to take the trade – that is how the system predicts to buy, sell or just stay away for today. Sometimes I ask for a refund just few minutes later. If the system is based on channels, trend lines or anything similar, these system gives you a lot of false moves.
By Forex Morning Trade I got impressed – honestly. It is a totally different approach. Where most systems are based on the 7.00AM – 9.00AM time period, this one is slightly different and it also used two indicators which I never thought of using.

Back Testing the System
I read through the manual, understood the system (it is quite easy to understand) and what’s next? Simply do some back testing! I opened my trading platform and tested the system through August 2010 which it wasn’t a good month to trade anyway.

The system came out with 160 pips profit as of today.

I didn’t try July because the results are in the book from 12th July to 23rd July, illustrated with chart proofs so you can confirm with your trading platform. I never saw this in any book that I have purchased. But in this book that comes with the system which is well written and well explained with ample examples and screen shots, you can compare and hence back test the system yourself.

The book explains why the trade was taken or not taken by explaining the system rules accordingly.
In this period (12th July to 23rd July) the system earned 200 pips from 10 trades. In fact it lost only one trade. 200 pips in 11 days is quite good indeed!

The system also survived the difficult month of August with a profit so far of 160 pips.

An indicator which tells you what to do!
The system is easy to implement, however that’s not all. The system also comes with an indicator that simply tells you when to Buy, Sell or Stay Out. So all you need to do is simply be on your computer at the right time explained in the system, see what the indicator is telling you and enter the trade.

Then set the recommended Stop losses and Profit Targets and you may as well go back to sleep or go to work.
It is that simple – trust me

Risk to Reward Ratio
Unlike many trading systems with large stop loss and small profit targets, the system comes in with 1 : 1 reward ratio. From the few testing which I have carried out, it proved to have a strike rate of over 75%. so it is definitely a winning system.

What’s in the System
The system comes with
• A free indicator which tells you Buy / Sell or Stay Out. Then you just enter the trade!
• MetaTrader 4 Template, just load into your platform and your indicators are set up.
If you use any other platform, just use the other two indicators listed in the manual and plug them into your trading platform.
• The manual well laid out and well written explains clearly the trading system with clear cut examples with dates so you can compare them to your trading platform charts.
• There is also a 60 days money back guarantee, so do not worry on refunds.

Highly Recommended
From my observation which is not mentioned in the book, I would highly recommend to stay away from the market when there are major trading news on the GBP. In fact in August two trades went bad because there where major news releases happening in the morning. If I was trading live, it would have been a no trade day for me.

Having said all this, I would highly recommend you buy the system and test it yourself.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Morning Trade – It Works!

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1) I use a similar Trading System
It is based on German / London Breakout strategy even though it is not mentioned in the video. It is a well known fact that during 0am and 6am GMT (hence Europe night) things are quite because only Tokyo and Sydney markets are open. European at that time are sleeping, and Americans are about to sleep. So movement is very little. At 6am GMT people start waking up, 7am GMT German market opens and 1 hour later the monster London Market opens. When these two markets opens, you can expect huge moves up or down from the range traded in Tokyo / Sydney sessions.

There are many trading strategies based on these breakouts, and I use one myself based on pivots. The creator of Forex Supersonic released last week the trading strategy this new EA is based on, in other words how you can trade the system manually without the EA. The system is based on EMA and it is very interesting how some bad trades are filtered to reduce losses.

I make consistent money with my trading system based on pivots, and this one is very close. It doesn’t mean that I don’t have loosing trades, but at the end of the month I am always in profit.

Something else to add, avoid trading when major news will be released on that day that effect the GBP – the sterling.

2) Good Risk to Reward Ratio
This EA has a good risk to reward ratio. Stop loss is 15 pips and is very common to have such stop loss in trading systems based on the London breakout. Mine is actually 15 – 25 pips. Profit Target for the EA are set to 22 pips and a second trade for 75 pips. So the EA actually open two trades, where one is closed for 22 pips profit and the other is closed at 75 pip profit target.

You may argue that 15 pips is too tight for a stop loss where we normally use 35 pips. But remember that this is slightly different since we are trading a breakout for a tight range that was traded during the night. In the morning major companies, governments, banks etc. Will trade the currency so we should expect a move from the tight range. So it either moves in the direction that it has broken the range or nothing. So we don’t need a huge stop loss.

22 pips is a decent profit target. 75 pips I believe it is a bit too far, even though 100 [pip moves are frequent. There may be pivots in between, or strong resistance / support points so the 75 pip mark may not be reached every day. But you always close the trade myself.

So all in all the risk to reward ratio very good, the first robot I know with a valid risk to reward ratio.

Conclusion
This Ea is worth a try due to the above reasons and as I said I use my own trading system using pivots to trade ( when I manage to wake up) the London market, and it is very close to this. Still if it does not work just ask for a refund since it is sold from Clickbank which is quite reliable for handling refunds.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

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Finally he is back, top trader Tom Strignano and now he joined forces with another forex guru Vladimir Ribakov.
Why I am so excited? I am indeed. Why?

Let me tell you why. You can be one of the following 3 people, if you are reading this post:
1) You are new to forex
2) You tried some robots, got disappointed or scammed, and realised that manual trading is the way to go
3) You know that robots do not work and want to learn how to trade property.

Now when I started in Forex Trading, I too got excited about robots even though (myself being software architect, I knew at the back of my mind that $99 robot can’t make you rich) I believed that at least I can pay at least the bills. I got disappointed many times, requested refunds every time, shattering my dreams at the same time.
Way too soon, I realised that making money in the markets is not that easy! That’s the reality indeed. I believed all the hype about trading systems and the way they were marketed by scrupulous internet marketers. I also bought $2000 learning course with 3 systems marketed to be profitable systems, again the systems failed.
In the meantime, I kept learning more and more and the more I learnt, the more I realised that it is possible to make money in the market if you have the following 3 things in place:
1) A box of successful trading strategies, profitable in the long run
2) Effective Money Management Technique
3) The correct mindset to trade – you should be able to control your emotions as regards to fear and greed and of course be disciplined (point 2)!
Experience and feel of the market do come into play, but the above are imperative.
I lacked skill. At that time I always thought that I need one profitable trading system and just apply it! I was deadly wrong. I was not able to interpret what the chart was telling me, so I was just applying my trading system blindly and hope that it goes in favour of me.
Luckily then, I came to know about Tom Strignano Signal Service (the old service) and that changed completely my way of trading – the blind way of trading.

Here is the way to look at a trade:
Once you identify an entry point for your trading system, first thing to do is to find a good point to place your stop loss. Too tight to your entry point, you may be stopped out soon. Too far away means you are risking a lot. So you need to find older resistance support / resistance lines, or just below / above trend lines, pivot points or TRN levels (more on these later). Furthermore I need to have a feasible risk to reward ratio. I will risk 30 pips to potentially earn 30, 60 or 90. There are many systems with 75 pips stop loss to earn 10 or 20 pips! Complete none sense.

After that, depending on our stop loss, we need to calculate the appropriate trading lot size (money management!) and then we need to find exit points. When are we going to exit the trade? Mind you, a profit of 10 pips when the trade went up by another 50 pips, that’s also lost money since you could have gained at least another 30-40 pips. So when are we going to exit? Again we try and go near support / resistance lines, or trend lines, pivot points or TRN levels or a head take has formed near a resistance points. Recommended approach is to have at least 1 profit target, once you reached that you close half of your position and then apply a trailing stop and let profit s run! This is where you make the real money!
If you are not understanding anything of the above, apologies, but that’s the real trading guys. Forget the bullshit you read outside – you may argue that this is also bullshit, but this is real trading. This is what top gurus and successful traders use day in day out to make money every day in the markets (if the market moves!).

I learnt the above and much more simply from Tom Strignano.

Something else, forex is a game of numbers and you have different levels of players. Some people think that the currency pair will go up, while at the same time, others will think that the market will go down. So money is exchanged and depending on the buying or selling pressure the market moves up or down. And who are the players? There are us with maybe $1000, $5000, $10000 accounts, then there are others with larger accounts (experienced successful traders) and of course there are the chief traders, large institutions, fund managers, brokers and banks!
Who moves the market up and down? Banks and there alleys! Do you think banks have a $1000 account? And these guys are after your money the end of the day! This is one way for them to make money! So you have two options – you either be an alley with the banks and their friends or be on your own with your little trading system borrowed from a friend, or from a forum trying to make some pips a day. Even worse with a robot! Where would you prefer to be? With the banks of course! But how can I become their alley? Simple – trade the way they trade! Yea – how? Join Strignano Vladimer signal service and learn how to trade like a pro, and be an alley with the banks during the daily war that happens every day in the forex market!

So again, why I am excited that Tom is again re launching his signal service?
1) I learnt a lot while I was a happy customer of his old signal service. I learnt how to look at the market from a different perspective – the way I explained briefly above – re read again if needs be! That’s how you can make money!
2) I learnt an amazing set of strategies to properly identify entry / exit points.
3) I learnt how to use Pivot Points – used by Banks and their alleys daily!
4) I learnt how NOT to use lagging indicators like MACD, Average True Range etc that tell me what happened in the past – I want to know the future – Pivot Points and TRNs! I want to know where the market is probably to turn around and not where it turned around! Why? So I know where to place my profit targets and I get more pips in my trade!
And lots more…
Notice that I only mentioned LEARN! There was twice a week webminars teaching you how to trade like a pro. I am not a pro, mind you, but I learnt a lot and lot. And eager to learn more – this is why I am so excited that it is going to open again.

So what about signals etc.? Tom Signals are great and profitable if you follow the rules by the letter. However you need to be flexible enough to change strategy if the market has changed in the mean time – you need to learn how to properly manage the trade! And you need to watch and manage the trade as it is developing. It is more of an intra day trading strategies based most of the time on trend line breakouts. So once a signal is out – you need to have the time and manage the trade because you will have 6 profit targets, stop loss and market exhaustion point. Looks complicated? Is not believe me. But you will also learn how to trade within channels, within trend lines and other amazing systems like the head take system, and the magic lines – TRNs!

TRNs
So ever wondered why the market was moving up fast – and for some reason it turned around? Most probably because it has hit a TRN level! These are propriety levels developed by Tom himself during his career and these levels are used by the banks and their alleys. Trust me-these are very very accurate. I saw trades where the price hits exactly the TRN level to the pip and turned around straight away. Most of the times, it hits the TRN, tries to break through the TRN, and turns again around. Or you will feel that the TRN is not going to hold hence the trend is going to continue hence you will trade against the TRN in this case. You will learn how to trade these powerful levels when you join the service. I only used to trade these TRNs while I was a member because with my full time job I can’t watch the market all the time. So I used to trade only TRNs and was very very very successful. This is why I am happy that Tom is re launching the service – my lovely TRNs are back!
So look how all this makes sense. If you have a trading strategy and at this point in time a trading setup has formed to go long (buy). If you know nothing of the above, you will just buy the currency blindly. BUT if you know All the above and you know how to read the charts, and how to look for resistance / support lines, how to draw proper trend lines, know where Pivot Points are (mind you, pivot points supplied by Tom part of the service are more accurate than the once you find for free on the internet), a head take has formed or you are close to the TRN, will you buy the currency? You will probably wait to see what will be the price action at any of the levels mentioned above. If the price is near the TRN, I will probably go short instead (sell) and if a Head Take has formed I WILL definitely go short while you are long! And then you wondered why a perfect trade setup has not worked out! I knew about the TRN Level – so I had this insider information since I am an alley of the banks and I am after your money. So become my alley too – join now!
From what I saw in the video, it seems Vladimir system is long term strategy and hence it is ideal for those people like me that do not have the time during the day to stay in front of the computer all day long. And this is a big plus too! He seems a nice guy too.

So you may ask -since I traded only TRNs I stopped trading? To be honest yes. First I was busy and couldn’t follow the market – and I am very stupid since Eur has really weakened since January! BUT the same principles I learnt from Tom, I have successfully applied them in the stock market and was very successful indeed – following major shares, not the penny shares just to be accurate like Apple, HSBC, Barclays and similar shares. The stock market moves so slow compared to forex market and gives me enough time to review the charts daily. But since now TRNs are back I will be back to the forex market!

Phew, this article came to long. I do recommend Strignano Vladimir. It looks even better now. BUT this is not a quick rich systems. You need to learn, you need to have the commitment to learn since trading is not easy as 99% of internet marketers claim to be. It is very hard and you need to be on their side. Being with Strignano and Vladimir puts you at edge over the other traders!

Trust me.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

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Fibonacci Strike System - Amazing

More and more I get involved into manual trading, the more I convince myself that EAs will not make you $1, except for Robominer, but that EA is completely different from the rest.

Trading with Pivot Points / Fibonacci Levels / Trend Lines and with no other lagging indicators is the way to go in trading – no doubt. And if you are part of the Tom Strignano Signal Service you also have the powerful, incredible TRN levels.

Tom just released another video where he gives a great tip about core positioning. From the video you can also see how this system can be applied to pivot levels. This is part of the Sette Ponte system he will be releasing soon, but even if you don’t buy the system, you can’t stay away from this cool tip.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

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Fibonacci Strike System - Amazing

I have purchased Fibonacci Strike (I think I was in the first 10 people) and I am really pleased with it, to be honest much more than the Head Fake System. Yes I purchase most of Tom Strignano Systems, if they are reasonably priced. Why? Because he teaches you how to trade properly based on purely price action. Even better, you will be in the trend prior the trend has started! Isn’t it cool? While your RSI or MCAD or Moving Average is signaling you to get in the trade, with Tom’s system especially the Fibonacci Strike system, I will be already 50 pips up, probably already have scaled out something of the trade locking in profits, and moved my stoploss to breakeven – thus I will lose nothing if the market reverses. You are still entering the trade with all the risk involved!

I am still about to start Module 5 of the course, but from what I have seen so far, I have already realized how potential this system is. I only trade trend lines breakouts and trend lines triangles and this system is an incredible way of entering a trade prior the trend line breakout. Also the system is incredibly powerful for trading within the triangle. I am sure that by tomorrow the system will be sold out. Only 300 spots were initially available. Apart from the amazing Fibonacci Strike system, you will also be getting the following super incredible bonuses.

• Two Webminars with Q and A
• 6 Months of Tom’s Magazine
• Email and Phone Support – Yes trust me, you can call Tom
• Head Fake System which was sold for $497 few months ago

Please note that this is not a beginners system. Tom’s assumes that you know what are trend lines and their importance in trading, how to draw trend lines and how to find support / resistance points. All that information though is available in his excellent book – Forex Confidante. So if you are a beginner there is a bit of learning to do so as you understand Fibonacci Strike completely. I still urge you to buy the system, learn everything that there is in Forex Confidante, and then come back to Fibonacci Strike later. Today may be the last day Fibonacci Strike is on sale, so if you are serious to become a professional trader and learn trading the right way from the master, then invest in your future and act now.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

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He is a real trader and speaks straight with no hype. He sells you real profitable systems (if you put your effort to put them into practice) and for sure he does not sell you dreams like many others do. So he is one of the few guys on the internet that you can trust and learn how to trade like a professional. He is the real deal. He focuses solely on price action / pivot point levels and of course trend lines with Support / Resistance Levels. His systems do not use any lagging indicators (like MCADs, RSI etc) and his systems all have a great risk to reward ratio.

The Fibonacci Strike seems to be a great additional tool for traders who trade mostly trend lines. In his Fibonacci Strike site, there is a free video where he reveals a FREE simple system to use with trend lines. I urge you to go have a look now. There is nothing better than learning for free, isn’t it?

I applied that technique already to another trading system that I use. Its cool.

So what Fibonacci Strike is all about? In this valuable course you will learn how to

 Discover how to determine Buy levels like a Pro in the “Forex Triangle”…

 Easily recognize Sell Levels with one little trick…

 Determine your Stop Loss for Buy and Sells Using the Fibonacci Strike…

 Simple spots to get in the trade before the Support & Resistance breaks by using the power of the Fibonacci Strike….

 And finally you will learn core position trading and money management.

Core Positioning and Money Management are extremely important skills / techniques (call them whatever you want) to master if you want to become a professional trader.

OK, so if you know what trend lines are and why they are used in trading and what Forex Triangle is, then you already have realized the importance of this system. This system for sure will give you an edge and will save you pips or will make you more pips – hence money!

I will launching a new blog – Learn To Trade Forex FREE, where here I will discussing manual trading systems, technical analysis and everything related to trading – FREE. I got fed up of all the crap on the internet, so I decided to put this up for all of us to learn together. No more robots, they do not work. I am still putting it up together, so come back if it is not online yet

if you want to know more about trend lines and pivot points, follow the link and I will send you a 10 page report that I have just written about trend lines trading and pivot point trading. It is my report with quality content not a free report stolen from somewhere else.

See you on the other blog.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

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In our demo account, as you can see in our statement page – Forex Decimator Statement, the robot made a loss of -$351.09, leaving the account balance to $197.49 from $500 startup demo account.

the robot failed miserably to meet its expectation.

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What I was wondering lately is – why these scrupulous people keep on releasing useless robots every week? Of course to earn easy money. But on the other hand, people who bought the robots, will test it, see that it does not work and ask for a refund.

So apparently there are so many dumb people that do not ask for refunds! Since if all people that have purchased the useless robot claim for refund, the internet marketer will loose money.

What’s your view on this? Why so many dumb people around then?

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Basically we had 9 Trades, 8 Successful Trades, 1 Minor Loss.

Total Profit of $78.34.

Loss was of -$0.90. I won’t grumble with that

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The problem is that I may get now banned from Clickbank due to these bastards Yes I am a bit angry – sorry.

I am writing a small ebook of what to look for at these crap sales pages of these rubbish robots so as it will help you stay away from them.

But ForexEAs will continue of course…Why? Since we will be trailing / testing other robots / services which are normally more expensive and with more probability of success. These robots are not usually reviewed anywhere else for the simple reason that they are expensive to buy.

Some people are short sighted in the sense that their reasoning simply falls within this line – “Its $500, too expensive, or its $400 a month too expensive.” What they don’t realize is that the probability of this robot working is much higher, and if I pay $400 service / robots and returns at least 500 pips a month, thats basically a goldmine! But people think that a $99 will make them millions – it is just a dream.

Anyway, keep following my quest to find robots / service that work and are honest!

Good Trading

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Keep Following

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bling ThunderBolt went Live

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This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

PODCAST ALLEY

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Tom Strignano Forex Signals - RECOMMENDED

The romour has been going on between the circle of the already existing members of this profitable service, and some of them also asked to close the doors for new members. Of course this is quite natural, since if you own something precious you do not want others to have it. This also applies to this service. People are making pips after pips so they don’t want others to be like them. This is the nature of the human beings.

How do I know? I am a proud member of Strignano Forex Signal Service, and I feel very lucky that I came to know this service by luck. Of course I have locked the current cheap price and you can do so too if you click on the link below.

My Own Experience
To be honest I am not making full use yet of the service, since I am endorsed with quite some bad habits that I got during all my trading life. And its very hard to get rid of these bad habits and replace them with the new successful strategies that you learn from Tom Stragnano Signal Service. Basically I lack discipline, I don’t stick to the system rules! If I have sticked to the rules of just 1 system out of 3 that you get when you enroll to the trade signal service, I could have done around 470 pips last week only. This week I am determined to stick to the rules and I will post my trades at the end of this week.

Tom Stragnano Expert Advisor
Another ‘funny’ thing is that Tom is releasing a robot, an expert advisor just only for the members like you if you join today. When I heard about this robot in the members area, I couldn’t believe it – especially knowing what bad robots can do your account. During a webminar some details about the robot were also given so I said – “WOW this is true – a Tom Stragnano Robot”. They also mentioned the amount of pips the robot managed to profit in 1 month – and I won’t say it since you will not believe it. The robot basically applies the most profitable yet simple trading systems Tom uses every single day.

In fact a profitable trading system should be KISS – Keep It Stupid Simple. In fact Codex System (TM) found in Forex_Confidante, yet it is a very simple system to apply, and being a software architect myself, it is very easy to be implemented. Yet 2 other system you find in the Strignano Forex Signal Service, are very straight forward systems, but delivers pips daily! So yes I believe in this robot!

See the email below sent by Tom, confirming the price increase and the robot. You should be stupid not to take the chance now and join the service. At the end of the day you have a 1 month trial – you get your money back!

Hey,

As your trusted friend and forex expert I wanted to
let you grab a real chance at making a killing in this
market and help you stop buying crap and losing cash…

You see everyone who’s a member of our signals
service is up by huge amounts…We have newbies
who are averaging insane gains of 800 pips a week.

The support and training crushes any other service out
there because we actually care about your success.

—————————————————
THE BIG ANNOUNCEMENT
—————————————————

With the signals and our support you will surely be
seeing incredible gains, and that’s why we can charge
what we do, but we really should charge 10x more.

And we’re thinking about raising our prices soon because
in about one more week all packages will include access
to an EA that trades 24/7 like I do…It’s unbelievable…

I never thought it could be done, but with the help
of an ex-NASA computer scientist who now trades
forex, I guess it really is as close to me trading for you
as can be possible…

It’s averaging some unbelievable numbers and will
only get better, and all members will have access to
it, if they don’t want to learn forex or follow the signals
this will trade for you 24 hours a day.

So, if you are interested, I wanted to ask you to join today
because we may very well be raising our prices as soon as we
announce this EA officially to the rest of the world.

Our prices may as much as double or more…

So if you want to see what it looks like on the inside
with a community of like minded traders all happy
and making lots of money trading together under the
mentorship of an ex-chief bank trader (myself) and
a team of incredible programmers lead by an ex NASA
genius and of course the amazing Carlos who is
an expert at helping you with the signals…

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Strignano Forex Signal Service Price Going Up Soon

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Fractals 4 - Proven Robot and is FREE if you order now.

Another robot that comes with Forex_Bling is Fractals EA and this is given for FREE.

Last week I was lazy to set up the Fractals EA, but I have setup everything just now. I have also increased the lots from 0.01 to 0.1. I still need to see how money management works with Forex Bling, I mean there are some recommended settings within the manuals and I need to look at them carefully. The numbers I have seen were 1%, 1.5% and 2% and these complies with proper forex trading account management rules. I know that Forex Bling is different from other robots!  I HIGHLY RECOMMEND this robot, and you can test it form 60 days.

This is taken from the product page:

Fractals-4 EA is a Combined High Volatility Breakout Trading and Low Volatility Breakout Trading System.

Many people believe that the markets are random. They believe, like Burton G. Malkiel in his book A Random Walk Down Wall Street that throwing darts at a dartboard is likely to yield results similar to those achieved by a fund manager.

We do not subscibe to such an idea, but truly advocate the idea that focused attention to the market and rigorous analytical activity will yield solid predictions. High Volatility breakout trading systems are based on the premise that if the market moves a certain percentage from a previous price level, the odds favor some continuation of the move. This continuation might only last one day, or go just a little bit beyond the original entry price, but this is still enough of a profit to play for. A trader must be satisfied with whatever the market is willing to give

Low Volatility Breakout is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become
profitable in a Low Volatility market. It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains that the trader has worked to obtain. Having the right tools such as a live feed, a directaccess broker and the stamina to place many trades is required for this strategy to be successful.

Good Trading

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bling – Fractals Set Up

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A Must Have System - Recommended

Hi Guys

Few months I have bought Forex Confidante, a solid forex course written by the king of Forex Tom Strignano, yes the same guy offering the successful Strignano Forex Signal Service.

When I bought the book, I simply went through it – lazy me. Although you don’t need to be genious, I immediately realised that whatever I was reading, it was serious stuff coming from an experience trader. This is why I did not claimed the refund. The book is not an easy read, and back then I did not had the time to go through it seriously.

Two weeks ago, I decided to read seriously the book and try to apply the Codex System in a test account, since I believe it is a very poweful system.

Book Contents
The book thus explain some basic things on Forex, but if you are a complete newbie, this book is NOT for you. For a complete newbie, I recommend Forex Nitty Gritty. There is also a basic system there which is profitable – See details here.

The main important contents of the book are basically the following

• Trend Lines
• Fibonacci Price Projection
• W.D. Gann Indicator
• … and last but not least Codex System

Trend Lines
This section of the book explains how to draw properly trend lines which are an important part for the Codex System. Get these wrong and your projections will be wrong.

Fibonacci Price Projection
This area of the book explains how to calculate Fibonacci Price Projections, and with this you have a clear indication where the price may go. Further to the standard Fibonacci Numbers there are also TWO Proprietary Numbers derived by Tom himself from his long trading experience, and I noticed that truly at this levels, there is always some kind of reactions. Tom clearly explains with charts how to calculate these values. You will find 2 or 3 complete step by step mathematical workings. There is no rocket science mathematics, is just the basic + – x and division. So don’t get afraid, but it may get heavy for some readers. Please don’t ask me what are these Tom Fib. Numbers since I can’t tell you.

W.D. Gann Indicator
This is a basic calculation of how to use this indicator, so as you have an indication where the price may go. This is an important point for Codex System.

Codex System
Ultimately you will find the Codex System explained, that make use of all the above. Once you understand all the above, the codex system is very simple – extremely simple. According to Tom, this exact system is used by major banks every single day. The nicest thing about the system is that you don’t need to stay glued to the monitor, just follow the rules outlined in the book, set your stoplosses, take profits according to the Fibonacci Price Projections and thats it. Of course you need to monitor the trade, at least when the trade reaches the + or – 33 PIPs, because there is an important step to do at that stage. Then let the trade ride.

Again there are 5 examples, and also videos of how to take these trades.

I will be testing the system for the whole next week ( already tested it for 3 days and it was profitable ) and you can see the results here. Then it is up to you to purchase it, but fromm the results  I have seen, it is highly recommended.

Final Thoughts
As I said, the book is not an easy read. There are a lot of calculations in the book and charts illustrations, and it is important to understand this mathematics. But as I said, there is nothing complicated that you have not learned at school!

At the end I think this system, ultimately delivers long term results. We will see how it goes during our official trial next week.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Confidante

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Basically an MT4 developer is willing to create robots for $50.  Yes thats how much a robot cost.  Thats how much these crap $99 robots costs to its creator, who is simply after your money.   Those kind of robots that show fake results and modified back tests as I have already said this thing in the Forex Bling Review here.

Of course  not all robots cost $50, the few once that delivers results will cost more.  Furthermore I am not at all blaming the robots developers since he will do what the scrupulous affiliate marketer ask him to do.

See Link Below:

http://exchangemoneyforum.com/showthread.php?t=26139

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

How Much Crap Robots Cost to the Creator?

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Forex Decimator latest trades were very bad, and 1/3 of the account is wiped out.  Now the account stand at $381.63.  A some point the accout stood at $650, basically loosing almost $300.

There is still time to claim my refund, but things do not look good at all.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Decimator Update

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Forex Bling - Could be the BEST Robot Ever. TRY IT FOR FREE

So after a bad start, apparently a glitch in ThunderBolt EA with some brokers, the Forex_Bling robots seems that now they have settled down and are recovering the initial big loss.

As I said in my previous post, there was something wrong in ThunderBolt EA since it was trading outside normal scalping hours and scalping is not meant to be done during busy market hours. ThunderBolt EA was trading all day Of course it suffered huge losses!!

Forex Bling Creators Prompt Robot Fix
This is the email received about the update. Prompt update of the robot! This is why you pay monthly fee, which you normally get in 1 day of trading! Have you ever got an update of 99$ crap dollar robot so fast? Fap Turbo … yes released couple of versions, which made the robot worse? IVYBot…update came 5 weeks later, and again made the robot worse, it was already worse, then it got even worse?

This is why I have high hopes in this robot – Forex Bling. I would recommend to go and get your copy now.

Anyway this is the email…

Dear Forex Bling Members,

Some members report the Thunderbolt EA trades more than our forward account.

The problem exist at some broker (only at demo account) and we already foudn what the cause of this.
We also add additional information at the screen, so you will know if the Thunderbolt EA running at the correct time.

- At attachment of this is email you will find thunderbolt-909B.ex4
- Replace your Thunderbolt EA (thunderbolt-909.ex4) with the new one (thunderbolt-909B.ex4).

Or you can download the entire package from our Member area.
Our Member Area locate at:
Http:///www.forexhope.com
If you have not receive your login details, please use Forgot Password function.

The correct trading time:
=> Thunderbolt EA trades for 2 hours/day as soon as New York market closed.

Example:
- New York’s market right now close at 20:00 (GMT)

For more information when New York market close, go to this link:
http://fxtradeinfocenter.oanda.com/market_news/fxmarkethours/

This is the example how to set Broker_OffsetHour at Alpari Broker:

- The New York market close at Alpari server time, at: 22:00 (2 hours ahead GMT).

So I set: Broker_OffsetHour = 2

We also have add some FAQ:

1. Where is the URL address from ForexHope to track the forward Performance for each of Forex Bling Expert Advisor.

Answer:
Go to: http://forexbreakthrough.com/performance-review/forex-bling-ea-review/

2. What is the best performance EA at ForexBling package?

Answer:
No 1: Thunderbolt EA
No 2: Fractals EA
No 3: Thunderstorm EA
No 4: Freedom EA
No 5: Evolution EA
No 6: Grid Specialist

Note:
We list Grid Specialist as no 6 not because of it’s performance, but because Grid Specialist EA working as a grid trading system which this trading system needs you to have the ability to sustain the temporary drawdown.

3. When the delivery schedule for Thunderstorm EA and Grid Specialist EA?

Answer:
We deliver at the first week of October 2009. Subscribers before October 2009 get additional 30 days subscriptions if you unsubscribe.

4. What are the best currency pairs for FREEDOM EA?

Answer:
We run our FREEDOM using 5 currency pairs below:
EURUSD, USDGBP, USDCHF, USDJPY, AUDUSD and EURJPY

Based on 6 months forward test, we found that the best 2 currency pairs are: AUDUSD and EURJPY

NOTE:
- We will have new version for FREEDOM in October (version 910) with some additional feature and improvement.-

- I will send a full statistic report this weekend (Currency Performance for each of Forex Bling EA based on our forward test) for: FREEDOM EA, THUNDERBOLT EA, FRACTALS EA, EVOLUTION EA.

5. Can I keep Fractals-Wizard if later I unsubscribe Forex Bling?

Answer:
YES. Your Fractals Wizard EA will be yours forever with a lifetime update as long as you do not refund the 1st quarter ($99).
After the 1st quarter if you unsubscribe, the EA still yours forever, including the next update.

Best Regards,

Forex Bling Team

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bling Update

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Initial demo account balance is $500. We will investigate the robot profits, the drawdown, and most importantly risk management by the robot.

Note:  Due to an early bug in ThunderBolt – see this post – Forex Bling Update, the account went down to by -$200, so realistically we started the real test with $4800 balance, However I did not started the demo test from scratch since there were some trades by the other robots.

Also since 16th September, I changed the lots sizes as follows so as we identify which trades are of which robot.  They are all running in one account, so it was a bit confusing.  Lots are as follows:

Thunderbolt EA: 0.3 lots

Freedom: 0.1 lots

Evolution: 0.15 lots

Fractals: Most often under 0.1 lots since you can’t modify the lots of this robot.

Forex Bling Statement

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bling Statement

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Notice the violent up trend - 15min Bar Chart

I just woke up and checked how our new Forex EA is doing. Well we are around -$100 down – not a good start.

Analysing what happened, Forex_Bling did pretty good trades during the night, but this morning the market got crazy. ThunderBolt which is a grid trading robot, closed most of its trades at a loss due to the violent up trend that occurred in the market within an hour or so and kept going up for a couple of hours. Of course a grid trading robot is not adequate for such reaction, hence the losses. At least the losses are not huge and are around $25.60.

Looking at the screen shot on the left, the chart is 15 min chart.  The red / green arrows indicates where Thunderbolt was trading.   As you notice this EA is excellent for choppy markets, or in other ways, pairs that are not trending, or that.  I bet AUS/NZD and EUR/CHF can be good pairs for this robot.

Anyway, I am not defending in no way Forex Bling – you know how blunt and critical I am at these robots and in all my reviews, but I am just explaining why we have started with a loss. On the contrary then Freedom Robot which is a trend robot, produced a good trade of $48 profit confirming what’s its main duty is.

For next time, keep following this interesting robot.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bling – First Trades

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I have left all the default settings for every robot.

From what I have seen, all the settings available are pretty straight forward. What is a bit annoying is that you need to input the confusing GMT Offset Settings. But anyway, the rest is pretty straight forward.

Keep Tuned, this can be a great robot.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bling Setup

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Forex Bling - Could become the BEST Robot Ever. TRY IT FOR FREE

So we got another new robot today – Forex_Bling. This looks to be an excellent robot, and not the similar crap we normally get by $99. Let me tell you how I came to know about this robot.

Yohanes R. Gagahlin contacted me personally to beta test his bling robot couple of weeks ago. We exchanged couple of emails and I confirm that Yohanes knows his job and he seems to be a very honest person.

The following is a short bio about Yohanes:

Yohanes R. Gagahlin is the founder of Switch Capital Management and Forex Hope, an international forex trader, trainer and speaker. He is a forex specialist with more than 10 years experience and he also managed funds for the past 3 years with an outstanding record of success.

Without doubt I got interested in the robot. When I personally contacted some robot owners prior their release, asking them for beta testing, no one really bothered to answer my request!

So what’s inside Forex Bling
You can read the sales page for great detail, but lets just give an overview of the robots, since then I want to talk why this Forex Bling got my attention, and hopefully we add this robot to our automated robot arsenal – is not that we have many anyway

So with Forex Bling comes basically 4 trading systems:

• Scalper – Thunderstorm EA (*)
• Trend Follower – Freedom EA
• Breakout – Evolution EA
• Grid Trading – Grid Specialist EA

Yes 4 robots and thats a nice mix of trading systems! In a nutshell you can use all the four in the same broker account. In fact this is what is recommended to do for optimal results.

You can find all the details in the product page.

Why Forex Bling got my eye:
These are the main reasons why I decided to purchase Forex Bling, after the successful 1 week beta trial.

Reason 1:
The robots where developed by a real forex trader, and not an internet marketer, hiring MT 4 developer from freelanced sites. So I presume that these robots should have an edge over the useless robots. Forex Bling should be better of course.

Reason 2:
Unlike many new robots, the results are back tests. How do I know? Just look at this picture.

typical robot back test - USELESS

That’s a back test, that is test based on old data. Of course the back data most often is modified to make the robot looks profitable. Then you wonder why the robot is not profitable for you, but it is for them. They have modified data in their favour – so it is not your fault.

Forex Bling have a statement similar to what I show in my results – directly from MetaTrader!

To see the live report, click the link below, then click the graph at Step 2. 1st July. Not bad isn’t ?

Reason 3:
It comes with 4 robots with completely different trading strategies. Very cool indeed.

Reason 4: Most Important
Market change all the time. Yes wave patterns for example change frequently. So the robot if not updated to support the latest market conditions, the robot will not be anymore effective. Fap Turbo is the classic example. It was profitable in the beginning, but then not anymore, since the creators have not updated the robot anymore. They ran with our money to put it bluntly, and I heard they are going to release another fap turbo soon – I heard, I don’t know.

Yohanes assured me that he has full team behind him doing constant research to find the best model for scalping, trend trading and breakout. Yes that’s unique, thus hoping the robot will last for long.

Hurry!
Right now the price is $99 for all the robots per qourter, so $33 per month. Yes from experience you need to pay good money to get a good service. This is no different. Have you ever bought a $99 robot that delivered results? Maybe Megadroid, but you should be lucky to get 2 – 3 trades a week. I love Megadroid by the way, since it is the only reliable $99 robot in the market, but trades very little.

Yes back to Forex Bling, right now it is $33 per month, and for the first 100 customers will get Fractals 4 trading system, a robot that generated $3 789.47 since mid July.

Again this is not a crap bonus, giving mostly my others. This is a real deal, a real robot that works. See the page for live results on this robot. Hurry to get the bonus, the purchase is from Clickbank and you have a 60 day money guarantee usual.

What Forex EA will do?
All in all, I purchased Forex Bling, will be trialing it for the next two months. I wish I will not get disappointed by this, since I have high hopes on this Forex Bling.

I suggest you also get your copy now, so as you lock the price of $33 per month.  If it doesn’t work, and you will see my results here too, you can always claim your refund.  You have nothing to loose basically.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Bling Review

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He sent me the emails about the following robots-

So is not my fault that I don’t trust this guy anymore.  I keep him in the list so as I know what robots are coming out

But I am going to introduce you to this new robot, which I have beta tested for a week – givin tome by the creater itself - Yohanes R. Gagahlin.

Watch this post for a full review – Forex Bling

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Typhoon – another new robot.

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To be honest I had hopes in this robot, since the sales page was different from the normal crap.  They also updated their customers with newsletters of what is going on and they also released update of IVYBot. Although these could be tricks to reduce refunds as much as possible.

During the challenge we only had 2 trades, but you can follow the failer from other users, in my other blog here – IVYBot Review settings. It is the most active post in the blog.

Why I think this?
Initially they promised an update just 1 week after release, and they promised that the new release will be in a week. The new release was released 2 weeks ago, just about the first customers are due to their 60 day policy refund. A customer may think “wow we have a new version, lets give it more time. They also feel good about themselves and the robot’s customer service.” In no time, the 60 day trial expires.

I may be completely wrong, but this is the worst robot I even tested. It’s worse than Fap Turbo!

Final Judgement
At the end of the day, results count, and the robot failed to deliver completely.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

IVYBot Final Judgement – Refund Requested

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So we had 5 trades, 3 losses and 2 wins.

Overall Loss: -$98.80.  The account closed at 453.83 starting with a $500 account.

The robot is showing the weaknesses of all robots – HIGH STOPLOSSES.   One loss of $105.30 means 10% of our account, and this goes against all principles of forex money management.

Something else I want to comment, is that the same person from whom I came to know about this robot, has released the 4 th robot in 1 month – that all promise to make you rich.  From Forex Decimator should made me rich, why now I need 4 robots?  This is not at all looking good and it stinks.  I recommend not to buy the robot prior we finish our tests.

So keep following along.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Decimator Update 31 August – 4 September

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I love all these robot names coming out lately – Forex Decimator, Forex Accumulator etc etc.

This robot again is claiming to make $10630 PER DAY! WOW! Lets get a copy now, and I will quit my day job tomorrow

The landing page is very simple, just a video explaining forex, and not explaining what the robot does!  Funny enough the guy compares the robot similar to a robot on a car assembly line.  In what way they are similar?  I can’t understand.

Car Assembly Robot is programmed to do step 1, step 2 and step 3, in sequence, one after each other WITHOUT EXCEPTIONS, WITHOUT OUTSIDE INFLUENCES that effect the assembly line.  If even something small effect the operating environent, the robot stops working.

Forex market have large influences from so many things…

So how can you compare them?

At some point the guy also mentions that one trade made $18051.97 in one trade while at the beach.  OK, you can make such profit REALISTICALLY only if you are in a trade that made you 180 Pips but you need to have been trading with 10 lots, meaning you need to have $10,000,000 account.   Why? Because professional traders trade with just 1% of your equity per trade, so if this robot is a friend to your account it should NOT exceed 5% MAX per trade in your account.  Do the maths since maybe I have am extra 0 or missing 0.  But you got the idea.

Then I stopped watching the video – this is the biggest lie you can say to a newbie.  And from the video unfortunately they are after these innocent people – beware.

Furthermore, I got to know about this robot from an affiliate marketer whom he is selling a robot every week, in this blog we are testing one of them, and soon this guy is going to be blacklisted if he continues to send this kind of crap emails.  I had to rewrite this sentence 10 times since I ended up cursing!  I really get angry at this kind of people.

P.S. With a 60-day guarantee and the ability to use a demo account  to test Forex Supernatural before you use a penny of your real  money, there’s ZERO risk to you to try this. Why not give it a spin, Jason? What do have to lose?

You why I starting to hate this guy? He is saying 60 days guarantee, where they say is 30 days!

It cost $97.00.  It has 30 day money back guarantee but it is not through Clickbank, so it did not pass my initial criteria to merit a trial.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Supernatural

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Funny enough, I got an email this morning claiming that IVYBot is producing results.  They even mentioned the useless Fap Turbo – give me a break man!  This is why I creates this blog.

Anyway, I still have 3 weeks lef to claim my refund, so we will give IVYBot some more time.  But it must be a miracle to change my opinion.

Keep following…

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

A Small Loss of USD/JPY

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Some friends told me that on FXDD broker there was another profitable trade in USD/CHF pair, but on Alpari it missed the trade.

In two weeks we will decide whether IVYBot is worth our time, and your money, since now it is getting close to the 2 months – to claim back my refund. I am not that much impressed to be honest, so probably will claim my refund.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

IVYBot First Trade

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Tom Strignano Forex Signals - RECOMMENDED

Well 6 days ago, I have subscribed to Strignano’s Forex Signals Service. This is top notch honest signal service and is one of its kind. In a nutshell you will receive the exact trades that Tom Strignano is doing, so basically you will be trading along with him. It is useless to explain the benefits of such approach. But to mention a few, it just eliminates the guess work, be profitable instantly, shortens your learning curve, elimates bad habits if you trade and learn on your own since you immediately learn the right way from one of the gurus in the industry. Tom Strignano has over 25 years of trading experience and he was a Chief Trader at 2 major international banks.

Anyway, yesterday I was travelling, so a quick look at the membership area, I got a bit lost, and yes a bit disappointed. But today I started to go slowly and watching the videos and follow their training. It happened that the more videos I watch, the more I was learning about the signals and the indicators and the rest and slowly I was falling in love with Tom. You don’t need to be a genius to realise that serious things are going on here, with no guesswork. This has filled me with confidence in their service and I have put three trades as per their signals. Till now, two trades, approx 50 pips, and the other one is still running. And I have only followed step 1 out of the remaining steps, which probably if I have followed the trade along the trend, I would have made more, but I have not yet went through the whole process so I can’t risk more than I have done already!

Well they promise that you can make 500 pips a day, and to be honest I don’t think this is far fetched or exagerated, as they normally are. In a good trading day, I believe you can make such pips, but lets be more conservative – lets say we will make 200 pips a day. Not bad isn’t it? I did 50 pips with 2 trades and only followed 1/6 of the whole trade! And during the day there were around 5 more trades which I did not take of course since I was still watching the introductory video. So yes 200 pips an average day trading is pretty much achievable.

The Strignano’s Forex Signals Service
The service is a monthly paid service and it is not cheap. But quality comes at a cost – always. No robot will make you this amount of Pips per day – forget it. Furthermore, a robot is a black box so you don’t know what is its next move and basically you are at the mercy of the robot. With Tom Signals, you know at every single minute of the trade what is your next move albeit the conditions on the market.

What you get by subscribing:

1) signals – as I said I earned approx 50 pips in only 2 trades and only used 1/6 of the potential of each trade, that is I did not continue to follow the trade. Each trade had a stop loss of approx 35 pips which is very small compared to the profit that you can make. This is a big thumbs – small stop loss!

2) Apart from the signals, you will find other two other powerful systems with videos of how to leverage this systems to your advantage, of course apart from the signal service. The training is also archived, so in case you missed it or want to refer back to it, it is just there for you to make good use of it.

3) You will also get a powerful indicator that is of extreme importance for the signals and for your trades that automatically plots every single point on the chart. Of course I can’t reveal what it does, but it is the key for your success. With just a glance at the chart, you will know in advance whats your next move in the market with no guess work. This gives you an edge on all other traders.

4) They also do weekly training and webminars (may last more than 3 hours) where during the webminar they also do live trading so as you can better understand the signal service. Just let me know if there is another place that do this.

5) They also do a daily recap of all the signals that came out between 8am EST and 12pm EST, where they explain every single trade in detail, so as you furthen sharpen your trading skills and make more beneficual use of the signals, hence more profit to you.

6) All signals are received by email or SMS worldwide. Right now I am in Sicily for a short break away from my boss, and I got the signals perfectly in time to place my trades when I wanted to – exceptional.

7) Risk management is of extreme importance and you will find extremely useful information on this critical subject. If you don’t control your losses, you are simply buried in few days. Being a trader myself (no I am not a guru) I never read anything similar to this strategy in all the books that I have read.

8 ) Excellent customer support and there is also a skype group where you will also find Tom himself in the group! How do I know that there customer support is exceptional? I had a small problem where I couldn’t find the indicator in my profile, and they replied first thing in the morning, solving me the problem of course – considering there is at least 8hours difference I was not pretending to answer me during the USA night

9) They also offer 30 day money back guarantee. You don’t like the service? Claim your money simple. It is not through clickbank, but I am sure they will honour their 30 day guarantee.

YOU CAN’T LOOSE SUBSCRIBE NOW

Final Thoughts:
This is a premium service and if you take it seriously you may earn some serious money. I know that right now the price is discounted and worth every money. I heard that they will increase the price soon and closing the subscription will follow shorty afterwards.

Finally if you offer a quality service related to forex, or have a quality robot coming out, or you the reader use or know any quality service or product, please contact me or leave a comment below.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Tom Strignano’s Forex Signals Service – Recommended

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Initial demo account balance is $500. We will invetigate the robot profits, the drawdown, and most importantly risk management by the robot.

IVYBot Statement

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

IVYBot Statement

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Closed Trades: 16 Trades
Overall Profit: $25.67

RoboMiner II use grid trading system, so it will leave a couple of trades open until they are closed later on. In fact as you can see from the statement, we have 10 open trades, and when the trend reverses eventually they are closed.

I had the time to read the RoboMinor manual, and it is very interesting how the trading grid system works. If and only if, nothing extroardinary happens in the world, this robot should work and be profitable in the long run.

RoboMiner creators say that their target is to generate 6% per month. In 10 years $1000 capital should turn into $1 million. So far from the statements that I have seen, it yields 3% per month, which is good. I will write about how the robot works in the next post.

From my side I will trial the robot for month, and will go live afterwards if I am happy with the results.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

RoboMiner Results – 24 – 28 August 2009

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For next week then..

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IVYbot 24 – 28 August 2009

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IVYBot - usefull robot?

About IVYBot

• The robot was developed by Ivy League Grads.
• Expect 2 – 6 trades a week. At least better than Megadroid which only does 1 or 2 trades a week if we are lucky – but at least always successful.
• IVYBot is not a scalping system and is based on 1 hours time frame. I read somewhere that scalping is possible but I need to see how.
• The robot is based on many factors including trend analysis by price action, how long the trend has been trading and other factors.
• This is GREAT: The robot trades 4 different pairs (Eur/Usd, Usd/Jpy, Usd/Chf, Eur/Jpy). It has a robot for each pair, and not 1 robot for all. So basically we have 4 robots developed and optimised specifically for its currency currency pair. Unlike FapTurbo which was 5 currency pair in 1 and was a disaster in 3 of them.
• Unlimited updates to new IVYBot settings when market conditions change.

So far it comes with 2 extra indicators – Market Watch and Session Profile Tool value of $450 each – according to the creaters of the IVYBot.

Market Watch:

The “Market Watch” indicator is a very simple indicator to follow. Just place it on your chart and follow the green and red lines. When the indicator shows a number of rising green bars, you know that the strength of the currency is rising. When the indicator shows a number of rising red bars, you know that the strength of the currency is falling. It’s that simple, when you see green you buy, when you see red, you sell.

Session Profile:

The “Session Profile” indicator is also very simple to follow. Once placed on your chart, you will see three large boxes. They outline the different global trading sessions. You will be able to identify the open, close, high, and low of each of the three major global trading sessions: Asia, Europe, and America.

Of course we will check and test the above tools and see if they are worth $450. I am particularly interested in Market Watch.

When you buy IVYBot there is an upsell of $99 but I did not take the offer.

All the above comes with Clickbank return policy, so we have 60 days to trial and claim our money if this result in another B.S. robot.
What Forex EA have done so far:
I have bought the robot since it is from ClickBank and right now the price is $97 with some bonuses.

I have set up a demo account with $500 and we will be testing the robot on FXDD due to 4 digit broker.

Only 500 copies will be sold – so hurry up Well don’t believe this marketing talking crap.

Whether this is again a marketing stunt or not I don’t know. But if they sell only 500 copies, than they should care about their customers – in theory!

Updated 31st August 2009

IVYBot is still for sale but now the price is $149.95 and still with the bonuses.  I hate the marketing stunts to hurry to claim youir bonuses – which most often are worth nothing!  Hurry and get the bonuses!!

GET YOUR COPY HERE

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

IVYBot Review

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I believe it was Wednesday and Forex Decimator was in a trade.  The market changed violently and in 2 trades the robot lost around $75.  It wasn’t a good start for the robot.  I could have closed the trades manually, thus minimising the loss, but I wanted to see how the robot will react.  Basically it did nothing and hit the stop loss.

So we had 3 trades, 2 losses and 1 win.

Overall Profit: $48.xx.  The account closed at $548.xx starting with a $500 account.

We still far to judge the robot, since we have just started out. So keep following along.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Decimator 24 – 28 August 2009

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IVYBot have been sleeping apparently since we had no trades yet this week.

IVYBot Member’s Email:

As a valued IvyBot Member you will receive updates as more efficent
IvyBot versions are released.

We are pleased to announce that Ivybot 5.0 is now available for you
to download from the Ivybot Member’s login page.

——————–
New Updates:
——————–

* Full 5 Digit Compatibility
* Manual Magic Number Entry
* Improved Synergy with all MetaTrader 4 Platforms
* Updated Trading Settings

At IvyBot we strive to continue our reputation as the #1 trading
system.

Our Next version 5.1 (Currently still in beta testing) will include
some of the following features:

* Risk Management Function to adjust lot size based on your current
account balance

* Adjusted Equity protection algorithm

For our next trade…

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

IVYBot New Release

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I have not changed any settings and let everything as default.

Successful Trade was as follows:

Sell Trade @ 1.2275
Trade Closed @ 1.2235
Basically at 40 PIP Profit!

Going for high pips is imperative for this robot since the spread in the AUD/NZD are typically very high – 12-14 normally, and of course varies from broker to broker.

There are currently other 4 trades open.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

RoboMiner First Trade

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Initial demo account balance is $5000, an exception for this robot, because I still need to read carefully the robots manual. Anyway, whether we use $500, $5000 with 0.01, 0.1, 1 lots etc it doesn’t matter for now. We will invetigate the robot profits, the drawdown, and most importantly risk management by the robot.

* I HAVE STRONG BELIEVE IN THIS ROBOT

RoboMiner Statement

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RoboMiner II Statement

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1. Forex Robots THAT WORK. Deliver constant profits month after  month.
2. Forex Services THAT WORK.
3. Forex Quality Training THAT IS WRITTEN BY A REAL FOREX TRADER AND NOT BY AN INTERNET MARKETER.
4. …and much much more.

The main idea is to reduce scams and only purchase quality products worth your money and time. Yes there are serious companies and products out there, is just there is so much rubbish, that they are hard to find! The funny thing is that the crap is more popular than the serious products!  The crap is affordable, hence it is sold more, hence you are bombarded by those internet  marketers emails that are simply after your hard earned cash  money.  Whats more – they give you useless bonuses full 0f crap systems, outdated useless information, wasting you more time in reading such crap ebooks.

Of course I will review robots. those that price range from $97 – $147,  but only those purchased through Clickbank so I claim my refund.  Robots within this price range are normally crap.  I will also select those robots that their creater is not yet in my black list.  Why? If they have released one crap robot claiming millions in return amd failed, why do I need to trust them again? They are not worth  my time and yours – trust me.

So are there any quality products or services?

As I said, there are and you can make easy money with them.  Most often they are not cheap, but if their return of investment is worth my time, yes you should be an idiot not to pay more for a quality product or service.

Right now I am evaluating a signal service that looks pretty good.  I have another signal service which is completely automated, its live in my account and is producing pips after pips. It is not effective as the first signal service, but doing nothing and see your account grow is worth the time and money. And yes there is a robot that in the last 2 days, produced 120 pips in just 3 trades . Yes it is not an $97 robot, it is much more expensive. And there is another robot coming out very soon which I am beta testing right now, and it is amazing. Again it will not be cheap.

So follow along and when it is the right time,  Iwill post everything here.

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Any Quality Forex Product or Service Out There?

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Recommended Robot

I heard many nice stories on this robot, and eventually I want to buy this robot – soon, and will go live soon with it. Why I didn’t do it so far knowing that it is a profitable robot? Very simple, I don’t know yet the optimal account start up for the robot. I know it is written on the document that comes with the robot, but that area is not straight forward reading and I need to look to it soon, and of course read it very carefully. Furthermore, last week

Alpari introduced flexible spreads and the AUD/NZY spread have widened a bit, so I need to see how the robot reacts in this situation, else we find a different broker for this robot.

What Forex EA have done so far:
I have set up a demo account of $5000 (yes its not the norm, but a quick look at the document is the first thing I saw )) As I said I will read the document carefully and will go live soon with this robot.

So what’s Robominer after all?
This is what the creators say on the robot.

As you know in the Forex market almost every week there are new EA’s and systems coming out, some of them work while most of them don’t, however there is one EA that has been constantly making profits over the last year, generating over 86,908.00 pips in profit, and generated a 314% return in just 12 months.

This special system that only a selected few know about is the RoboMiner, from Forex-Goldmine.

The RoboMiner is a long term investment system that pumps daily small profits into your account, it always closes trades with a profit, that’s right you will never have any trades close with a loss.

The RoboMiner EA uses a proven grid trading system that is so safe, its as if your money is in you IRA account, this system generates a minimum 6-10 % return monthly, with compounding that’s 100% return a year, that means if you invest $2,000 today, in 9 years from now that will turn into $1,000,000 minimum, where else can you find such a safe investment that will give you this kind of return?

Best of all you can download a free demo of this EA, test it for as long as you want and see for yourself how it performs.

So go ahead and try the RoboMiner today. You have nothing to lose and everything to gain.

GET YOUR COPY HERE

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

RoboMiner Review

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Of course customer support is important, since MOST $97 robots their customer support is non-existing, although they claim that they have it!

Reply Sent…

I have reattached both the ex4 file and the PDF file to this email. Please
be aware that the ex4 file isn’t meant to be opened (some people are trying
to open this file direct).

1. First your MT4 broker platform must be closed,
2. next the ex4 file is to be copied (right click copy) then pasted
(right click paste) into your MT4 Broker Expert folder through Windows
Explorer.
3. Then reopen your MT4 broker platform and you should then be able see
it in the Experts folder through the Navigation panel (left side of screen).

Many Thanks
Forex Decimator
support@forexdecimator.com
www.forexdecimator.com
—–Original Message—–
From: Jason [mailto:jason@XXXX.com]
Sent: Monday, 24 August 2009 12:29 AM
To: support@forexdecimator.com
Subject: I can’t download the files

Hi,

Can I please have access to the files to download them again?

I have registered and downloaded the files last week, but now I have
changed broker, and I can’t download the robot files again.

Awaiting your kind reply,

Jason

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Decimator Support

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Initial demo account balance is $500.  We will invetigate the robot profits, the drawdown, and most importantly risk management by the robot.

Forex Decimator Statement

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Decimator Statement

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This is what the creators said on their sales page:

Forex Decimator is a new, revolutionary robot that will allow you to profit consistently, in any condition and with unrivalled accuracy. It has a proven 92% winning trades accuracy, putting itself at the very forefront of Forex trading technology.

Forex Decimator’s incredible in-built money management rules mean that you will never see your profits wiped out with a single bad trade…A problem many other robots fail to solve.

What Forex EA have done so far:
I have bought the robot since it is from ClickBank and right now the price is $97 for the first 200.

I have set up a demo account with $500 and we will be testing the robot on Alpari.

I have checked the price now and it is still $97, so probably either not enough copies were sold, or that is what I call a marketing stunt.  A friend told me that they will sell only 500 copies of this robot. Whether this is again a marketing stunt or not I don’t know. But if they sell only 500 copies, than they should care about their customers – in theory!

Last week performance
I have put the robot in a general demo account and it did 2 good trades.  This is why it grabbed my attention and it is worth testing.  We wil see how it goes during the official test.

The robot trades only EUR/USD pair only.  I like one pair trading robots.

Anyway grab your copy now, since if the above is true, you may have missed a good robot. At the end of the day, if the robot proves to be shit, you can always claim your refund.

GET YOUR COPY HERE

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

Forex Decimator Review

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I am setting up the robots in different accounts (some live and some demos so far) and we will compare their results in the long run.  Each account will be $500, and of course what we are after is

• the ROI of the robot  - how much money it made
• drawdown – this is most important factor to measure

During the trial of each robot we will measure its capabilities as regards money management, that is,  how much money the robot is risking per trade.

The following robots will be on trial

• Forex Megadroid – live on Alpari – RECOMMENDED
• Forex Decimator – demo on Alpari
• IVYBot – demo on Alpari. Was live last week, but I am not confident on its stop loss
• Robominor – soon going live on Alpari – RECOMMENDED
• FAP Turbo – live on Alpari

Other robots will be added soon, the one which is interesting is PipsLeader.  Other robots I know that are coming out and I will selectively select few of thm for trial.  If you have a robot that you know is worth our time, please let me know.

I am also testing and  have live accounts on some signal services company, forex managed accounts and others in which I will post their performance as well later on.

So keep tuned.

photo credit: matsubokkuri

This post is from: Forex EA Honest Reviews on robots, signal services, forex courses and much more!

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