Hi there. A few days ago I introduced you to a new manual forex trading system called Forex Rebellion (see this post.) Well, after seeing some very positive comments regarding this trading system on a Forex Nirvana forum thread I decided to jump on the bandwagon and give it a try.
So, I now officially own the Forex Rebellion system and have it nicely setup on a demo FXCM UK MT4 account. The system’s creator uses FXCM UK MT4 so I figured I may as well use the same platform to make sure I follow his setup “to the letter.” For me this setup works quite well because once I decide to go live I’ll be placing trades on FXCM’s TradeStation II platform.
Since I don’t have as much free time to trade as I once did I opted to run the system on the H1 chart. The author claims the system can be used successfully from the 15 minute time frame all the way to the daily (D1.) For me H1 strikes a nice balance, but if I find myself missing too many signals I’ll move on up to the H4 time frame – we shall see.
Here is how Forex Rebellion looks like when it’s setup (click on the image to see the full screenshot):
Just before I took that screenshot, Forex Rebellion gave me a very clear short GBP/JPY signal which I promptly executed, and as I type this I’m roughly $100 in profit. And just before that I had two other successful trades. Here they are:
9109009 2009.10.12 10:02 balance Deposit 100 000.00
9109492 2009.10.12 10:11 buy 1.00 eurusd 1.47305 0.00000 0.00000 2009.10.12 11:09 1.47552 0.00 0.00 0.00 247.00
9120808 2009.10.12 14:17 buy 1.00 usdjpy 89.929 0.000 0.000 2009.10.12 14:22 89.932 0.00 0.00 0.00 3.34
0.00 0.00 0.00 250.34
Closed P/L: 250.34
Not too shabby if you ask me! So far I can honestly say I like the system. It seems well thought out and quite accurate so far. My only concern is how well it will trade when the market is choppy. Also I do hope the system will continue to work far into the future. The system’s creator mentioned in the members only intro video that he’s been trading the system for several years, so hopefully it has many more years of life left in it.
Before I end this post I should mention something so you folks don’t end up being confused. In the above screenshot you may see that there is an “EA” attached to the chart. It is NOT an EA that automates the system, it is merely a trade helper tool.
That about does it for this post. I will be back with regular performance updates as I continue to test this system for the long term.
Now, if you wish to grab yourself a copy of this trading system please see the Forex Rebellion homepage at:
19 thoughts on “I Started Testing Forex Rebellion”
Hi Alan – Thanks for sharing this with me 🙂
You’re welcome! Enjoy the pips!
So far I’m up about $500 dollars…
I find it odd that you have to enter/exit using FX Station. FXCM UK does not have to adhere to the FIFO ruling. The MT4 platform you are using is FXCM US powered by BT. It is misleading. A real MT4 account at FXCM UK should be able to execute real trades. It seems to me that, this is the reason why actual trades need to be entered on FX Station. Am I correct?
I think you misunderstand. You don’t HAVE to enter/exit using FX Station. I’m merely going to do it because the live account I’ll be using is NOT over $2K and thus cannot be transferred over to their MT4 platform. Last I checked the minimum for MT4 was $2000 USD or equivalent.
You CAN execute real trade on their MT4 platform.
Another thing is that I honestly like FX Station :)…I dunno, but after a few months of usage I’ve grown quite fond of it and its capabilities…trading on the charts is a great feature!
Well, I guess that wide spread pays for something–lol…but, we are not scalping with this system either. The main thing I hated about FX station is that it was a memory hog. Even though I have not the bought the system yet, I feel the ADT pro tool will make the trades more manageable trading on MT4. Unfortunately ADT has not reopened his doors for more clients yet. I think Rebellion needs a little more performance review.
lol, yeah it pays that fat profit margin FXCM has…:p…Honestly the spread on FX Station sucks. I said this a number of times, but I don’t get how ATC has great spreads and uses FXCM’s price feed yet FXCM’s own feed is wider than a semi trailer parked horizontally. 2.5 pips on EUR/USD!? Anyways enough of my bitching…I trade on FX station mainly cause I like the platform and cause I’ve been too lazy to move my money into a MB Trading MT4 account.
Yes, Forex Rebellion needs to be tested for a reasonable amount of time by several third parties. It may be best for you to sit on the fence for a while until us (like me) guinea pigs publish some long term performance testing results.
I’ve added this system to my list of long term testing pile. Keep an eye on this blog and on the Forex Nirvana forum thread for the latest trades as I get them.
Like I been try to teach everyone…the forex market is rigged. Big banks, hedge funds, and index funds all hedge in currency futures first before spot forex. Forex follow futures…not the other way around. All of these brokers preach how big the forex market is…well, there is only some currency available at any given price for small accounts. This is why spread widens. Higher the account amount…lower the leverage..meaning having a large account you can buy/sell larger blocks of currency at prices that most people not….hence a tighter spread. This is why futures have tighter spreads than forex….futures have a much more margin requirement. FXCM offers tighter spreads starting at a 25K account with commissions. They have already spoken to me about it….but, I don’t like them….because, ATC treats me like family…not a bucket of sheep.
I hear ya limitup…it’s tough for the little guy in the forex market.
I’m glad you found a broker that treats you more than as a source of income.
It would be helpful if you post week progress updates.
I will :)…In fact I’m in 3 trade at the moment which look to be turning profitable.
Sell usd/cad and usd/chf and buy aud/usd..basically dollar is weak! short it!
Don’t forget the time frame….and would you consider the trades easier than normal…and no other indicators…system by itself.
I will be gone the rest of the week.
All trades are taken on the H1 time frame at the moment. Don’t worry I’ll include those details. I just closed 3 positions a few minutes ago with a nice profit so I’m going to be making a performane update post sometime tomorrow.
Yes, I’m only trading this system in its purity – no other indicators or additional “rules”
Have fun wherever you’re gone off to!
You can also show the forex signals in german?
I’m afraid you cannot. Sorry Martin but the indicator the system uses are available only in English. It is possible to translate the indicator though. If you want to do the translation I can get it modified for you.
Are you still testing Forex Rebellion?
Could you post the results so far?
Yep, I’m still testing it but I made a bit of a snafu on my test account so I’ll have to start over. Read this post for details:
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