using this program on 6/5/2008 w/$2750US account. My acct balance is
this success was completely automatic, but most achieved by watching
the movement fairly frequently, and positions would be closed when my
$500USD per day goal was reached. "
of actual user review on forexpeacearmy.com
backtest on the site went from June '06 to June '08. That period
contained a very strong uptrend for the EURUSD. Almost any long-term
trend-following system should've done well during that time.
this EA appears to be optimized for the 2007 to early 2008 EURUSD
Consumer fcomment on forexpeacearmy.com
"I would go
with something else. I don't like the way Forex Tracer trades, its way
too risky with the system it uses. There are better autopilots out
of actual user review on yahooanswers.com.
Research on Forex Tracer Suggests:
Tracer works with an expert advisor. It trades on the EUR / USD
currency pair on a 30 minute time frame. Set it and forget it. The
program uses a complex algorithm and detection mathematics. When you
purchase the system, it includes a custom indicator called Cherry
Picker as a free bonus. It is a solid system with well results.
There has been quite a bit of hype around Forex
Tracer. It is being marketed with a very impressive back test of 1997.
It did perform strongly during that period. For 1998 it has not fared
quite as well. It seems that it may be time for an update on the expert
advisors that it uses to formulate trades. Anyway it is a solid trading
robot with solid results.
to the Official Forex Tracer Website