Forex Rebellion

There is a new commercial forex trading system buzzing about the forex community. The system is called Forex Rebellion, and its creator goes by the name of Russ Horn. I first heard about this system from Mark McRae of Old Tree Publishing who as far as I can tell is providing the website/marketing support system for Russ’s system. By the way, Mark is the guy behind the Surefire Trading Challenge – but that’s not really all that relevant to this post, so why am I typing it. Anyways, moving on!

Forex Rebellion is a MANUAL trading system NOT an EA – all you EA jockeys look elsewhere. On first impression the system looks interesting. I saw Ross’s video (on the Forex Rebellion homepage) where he gives people an example live trade and it looks like the system is based around a few indicators for the MetaTrader 4 platform (MT4) on the M15 time frame. What Ross does is generate the trading signals on the MT4 platform and place the live trades on another non MT4 broker – FXCM being the one he used in his video.

As far as how profitable this system is Ross claims 90% Winners – 36.37% in 5 Days. Seems lucrative but I’d like to experience this myself. That’s why I’m thinking of getting myself a copy to test/review. One thing that may appeal to some of you (such as I for example) is that the system used the M15 chart which means that you should be getting a large number of trade setups. On the other hand the disadvantage of this time frame is that when a pair is stuck in a range the system may breakdown. But then again I really should not comment without first fully understanding how the system works.

I’ll get back to you guys with more news/updates regarding Forex Rebellion. For now though if you’re curious to learn more than just the brief overview I’ve provided I recommend you simply visit the Forex Rebellion homepage.

Also there is a forum thread where you can discuss this forex trading system. See this link:

http://www.forexnirvana.com/f19/forex-rebellion-1078/

Take care everyone,
Alan out

UPDATE: I started testing the Forex Rebellion system (yes I bought it finally!) See this post for details:

http://alansforexblog.com/2009/10/12/i-started-testing-forex-rebellion/