Comments on: Forex Assassin Review

By: Doug

Doug — Mon, 24 Aug 2009 03:04:27 +0000

Why don’t you keep a log and post your trade records?
Almost anyohe could come up with a system like this I think. Did you really buy it? It is quite easy to get this software for free online.

By: Ivan

Ivan — Sat, 22 Aug 2009 12:07:54 +0000

I didn’t have to consult any charts, indicators or anything at all to run FA. But of course I had to keep track of the currency prices and apart from that FA literally walked me through the trades. It was totally mechanical and I was told when to enter and exit the markets.

What I got was a kind of formula in a spreadsheet. Then I put the price of the currency I was interested to trade and fed it to the FA. It then gave me the entry, take profit and stop loss prices. Thereafter all I did was set my prices and got the profits that came by. Over time I learned that the best thing to do was to fill the spreadsheets every weekend with currency prices. That gave me the entry levels for the forthcoming week.

FA is a price driven system. I didn’t have to see any indicators nor did I have to sit always before the computer as it was using trading zones. But don’t know much about that. I started using FA when my account balance was really low and it worked perfect doing 3-4 trades per month.

I initially worked on FA demo account and only bought the software when I was comforted by the fact that already more than 1000 forex traders were using it. So it made sense to buy one. Their email support was good. Just set it and forget it, that’s what I would say about FA.

By: jakes

jakes — Thu, 06 Aug 2009 15:07:46 +0000

I guess you got a point there downloadfx. When I buy a software obviously what comes to mind is “that’s the best one in the market” at that point in time, especially as the forex market is constantly changing. I don’t go by the hyped promises at the software’s website, but I sure do pay attention to any data referring to actual performance, say on a “live basis”. So that’s the landscape I always keep lookig to before buying any software.

By: downloadfx

downloadfx — Thu, 09 Apr 2009 15:03:09 +0000

there are so many kind of Forex software available…you just have to find the one that really suitable for you..otherwise,just doing it manually…great review,thanks for sharing…:)

By: adil

adil — Sat, 21 Jun 2008 11:45:31 +0000

Simple piece of software. kept me +ve so far.Thums up!

By: lewis

lewis — Thu, 19 Jun 2008 12:12:56 +0000

Not at a scam for sure. But about consistency, I wish I had something on that!

By: coles

coles — Fri, 06 Jun 2008 15:42:20 +0000

Wannabe, I checked this one out. Firstly there is no moving average crossover or any of that technical analysis mumbo jumbo. It seems to work on volatality based breakout system,so for a trader who can bear the downturns and await the profits it works fine. Not otherwise for short term profits.

By: Wannabe trader

Wannabe trader — Fri, 06 Jun 2008 08:56:44 +0000

Doug,
Thanks for your support.
This week, GBP/USD fell sharply, so it would have generated a 100 pips profit with my 50/100 stop and target. But I need 1-2 months of testing so that I can say for sure if it works. I’ll do some backtesting during the weekend.

Monterio,
I don’t argue about the price of the package, but the reliability could be improved somewhat, I believe.

By: Doug

Doug — Thu, 05 Jun 2008 18:12:24 +0000

I couldn’t agree more with you dude. I felt kinda cheated for
everyone when i read abt the parachute stop. So it’s not exactly
a set and forget as claimed.

And so much for the system telling you the best stoploss and take
profit prices. Nonsense. SL and profit target is variable and
you have to decide for yourself. The recommended settings are so
random in the sense it does not take into account…anything.
It’s seems to be a number plucked outta thin air if you asked me.

Hey wannabe, how’s the 50/100pips stop and target thing working for ya?

By: monterio

monterio — Thu, 05 Jun 2008 15:49:47 +0000

Forex Assasin—-that is a nice package. I dont think you could get a cheaper and more reliable forex trading system than this one. It surely is a front runner.