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 Street Smart Forex Suggests:
book doesn't offer expert advisors or automatic trading software. This
is an education for those wishing to understand how to spot trends on
their own. This is the sort of education you won't get when you are
using automated trading software. This book will teach you when to
trade and when not to trade and offers a sound strategy for protecting
your investment capital. Consider this to be a non nonsense approach to
forex trading. It is useful to read and shows some inside looks into
If you are the type of person who
wants to develop your own strategies and control your own trades then
this book is for you. It can be difficult and complicated reading, but
that's the nature of the forex trading industry. If you want to learn
the nuts and bolts, you will find it here.
to the Official Street Smart Forex Website