Category Archives: Trading Systems

trading systems

I started testing the Forex AutoPilot System

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Greetings everyone, and especially fellow Forex traders. You know, I really love Forex trading robots (aka Expert Advisors). There are numerous benefits that automated trading systems have to offer, but I think the number one benefit for me is that they take the frail human emotions out of the trading equation. There are of course other more obvious benefits but I shan’t get into that in this posting. I’m constantly on the lookout for profitable mechanical trading systems, and while working on something for this blog one of my google AdSense banners featured this tantalizing advertisement which for some reason sparked some impulse in me to scroll a bit more downwards to see the whole thing. Immediately after I read the “trade robots” my curiosity peaked. I immediately opened a new Firefox tab and typed in the URL at the bottom of the banner and investigated further. As you can see from the picture above, the name of the site is Forex AutoPilot.

 

The Forex AutoPilot System promo page has a very “marketing” feel to it, and I got the impression that it’s kind of hyped up in a sense. But, curiosity got the best of me and scrolled down even more. I came across the video testimonials which I found mildly amusing. The funniest one is where this “overhead stocker” guy says that “while you’re at home…these auto trading robots make moves on the STOCK markets for you.” Could such a monumental show of ignorance be proof that the video testimonial is genuine? Hmm, I wonder. Well, anyways, let’s move on. So I scroll down even more, going through each video testimonial and reading the marketing spiel, then I get to the bottom where the all important price is finally revealed.

 

Apparently the complete Forex Auto Pilot expert advisor package retails for $399.50, BUT they are giving 75% discounts which expire 3 days past Feb 14,2008. The funny thing is that today is the 17’th and I was still able to get the 75% off discount – so much for “hurry act now cause this offer expires blah blah blah.” So with the 75% discount my final price was around $99. I guess it’s not that much to pay to satisfy my curiosity. Maybe this one will prove to be a winner, then I can stop hunting through the forexfactory and forex-tsd forums for profitable expert advisors (EAs).

 

The package includes 8 Expert Advisors in total and two bonus items: a NFP (Non-Farm Payroll) trading robot & “Ultra Trend” indicator

 

Well folks, as of today I am officially starting the demo testing period. I will report my findings here on this blog as well as on my forex blog. Those of you who wish to join me in testing this “AutoPilot System” and can still get the package for $99 may wish to do so, or you can always wait for me to complete demo testing. In either case I am quite curious to see how these trade robots perform.

 

For more details please click this link.

 

To those of you who end up purchasing these commercial expert advisors, I would really appreciate it if you were to leave a comment or two letting me know how your testing is going or if you found some settings that are really profitable 🙂 – you can even e-mail me if you’d like (click the “about” link at the top).

 

Cheers, and many pips to you!

 

Alan

Forex Trend System Indicator

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Hello there. I thought you may be interested is knowing about this great commercial MT4 indicator based trading system that I came across. It is called “The Forex Trend System.” Not a very creative name, but hey, it’s the results that count.

The Forex Trend System is a manual indicator that identifies changes in trend and allows you to capture the major market moves. It has been designed for MetaTrader 4, a freely available trading platform which you can download for free.

How It Works

The system is made up of three trigger lines which tell you when to buy and when to sell. Simplicity itself – one color to buy and one color to sell. It will alert you to the beginning of a trend, and will also signal when the trend is coming to an end.

It has proven to be highly accurate, especially when allied to the best time frame, currency and time of day. Experience has show the system to work best on the daily chart. While it is accurate for just about any of these three variables, for optimal efficiency it is best to follow the system designer’s instructions closely. Not every trade is a winner, but historically losses have been much smaller than wins. However, as always, past results are not necessarily indicative of future results.

Features & Benefits

  • Easy Setup – No complicated manuals or confusing strategies to learn
  • Easy to Learn – Buy on blue, sell on red!
  • Customizable – Adjust the system for longer or shorter trades
  • Versatile – Works with any currency pair
  • Flexible – Choose from aggressive & safe-trading options
  • Convenient – Receive audible and email alerts of potential trade setups

Admittedly it is a bit pricey at $597 for an unlimited-use personal license, but when you think about it if you trade using standard lots the system will pay for itself in not even a month in most cases. Check out the trading results proof on the product’s promo page and you’ll see what I mean.

Click here to find out more details about this neat trend following system.