Comments on: Instant Forex Profit System Review

By: rasool

rasool — Sun, 27 Feb 2011 10:33:41 +0000

do you have site i cannt find your sait . thanks

By: chang kong

chang kong — Sun, 16 Aug 2009 12:34:36 +0000

I bought this piece of software as I was pretty impressed by the fact that Mr. Wilson the creator of the software was an eminent researcher in forex trading, having left a professorship at the Univ. of Manchester. Until then I didn’t know anything about forex trading, so I guess I decided to buy IFP software purely on the credential’s of the software’s author.

How does this IFP work? It simply takes price data of the previous fortnight and figures out what is to be done at that point in trading. What I usually do is, first install the software and use it for say ½ an hour or so every week. But of course I have had to feed some data to the software interface. Specifically I had to feed in the past weeks high and low price (of EUR/USD, as that was what I was trading), the closed prices of the same week gone by, the high and low price reached 2 weeks ago, and finally the closed prices 2 weeks back. After feeding this data, I clicked on the “decision” tab and presto what I got was recommended prices for Eur/USD both for buy order and sell order. But you got to believe the software’s prediction and go ahead and make the trade. It works out right more than 80% correctly or even more. Of course I have had some lousy predictions too, but that’s only sometimes and not always.

But if you ask me, I will say one thing, and that is you must be somewhat adept at forex trading to be using IFP. Otherwise you should be looking at some of the other totally mechanical and automatic software. As for me, I learned to work IFP even as I learned to trade forex, and I think that is a hard way to go about using expert advisor software.

By: eddie

eddie — Sat, 05 Jul 2008 04:20:14 +0000

the trading example on the site is not real. if you notice the graph shows a daily chart. each candle representing a day. therefore the profits that he claims to make would take couple months not a week as the software claims to do.

not only that but the chart of profits that he claims to make is incorrect. i have looked over these claims and realize that these profit could not be made his stop orders would be hit on many occasion before he could have realize any profits.

although you would have to buy the software to prove my finding on the second paragraph, my first paragraph can be proven by simply visiting his site

By: Doug

Doug — Mon, 23 Jun 2008 16:44:28 +0000

Ajax and Smith. Try asking the “creators” of the system and you’ll be surprised how unhelpful their replies are.. haha. I bet they’ll prob either ask you to read the manual all over again or just quote you some part from the manual. Great service indeed!

By: smith

smith — Mon, 23 Jun 2008 16:29:31 +0000

ajax I am with you on that and it frustrates me having to enter previous weeks data. I never get data right so may be each time I could be entering a mistake.who knows until trade goes whoosh.

By: ajax

ajax — Sat, 21 Jun 2008 12:36:46 +0000

Bryan I sure agree with you on that—its complicated, as you got to read the charts and enter previous weeks six price points. So one mistake and the blame is yours.

By: bryan

bryan — Thu, 19 Jun 2008 10:01:53 +0000

In forex all you need is to understand price action and the ability to stay on and learn.Or do you need a maths wizard telling us you are going to win trades in such and such ratio.

By: gilbert

gilbert — Tue, 17 Jun 2008 15:50:42 +0000

If we buy a $ 100 dollar or so software, I guess we would all be in profit. Thats what they all want us to believe. Anyone with actual trades on this software?

By: juke

juke — Sun, 08 Jun 2008 10:26:14 +0000

I always like the idea of a software telling me when a profitable trade would come up.But in a heavily trending scene, never seen that happen. And this guy calls it instant!Makes me think.

By: Doug

Doug — Thu, 05 Jun 2008 18:01:41 +0000

This guy’s a quack. His team can’t even write proper English. The pdf file is rather vague in its explanation and full of grammatical errors.
A large chunk of the package is filled with basic information that
you can get for free and space-wasters such as how to key in orders on metatrader.
Too bad if you used any other platform coz our friend
wilson and team uses only that.
The testimonials on his sales page are unreliable and seek to mislead
would be consumers. Don’t believe me? Googling and contacting some of them.
While some might be true friends of his aiding in his marketing campaign,
I’m pretty sure the professor from cambridge isn’t one of them.
Their after sales service seems rather unprofessional. In fact,
the email sounded a tad rude to me.
Having said all that, I’m still back testing his system. Results are
inconclusive as of now. I wouldn’t encourage anyone to buy it unless
you’ve got too much spare cash and would like to purchase a blackbox
system which the creator wouldn’t tell you what goes on inside as
it is “simply too complicated”. Right I’m sure.