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Key Info

Publisher:  Clickbank
Cost:  $97 with a 60 Day money back guarantee
Review Date:  June 2009

What It Says On The Website

Headlining with “Enough Of Theoretical Forex Trading Systems That Only Work On Paper!”, “Finally, a time-tested Forex trading system with documented proof!”, “a system that has the potential to turn $1,000 into $1,000,000 in just 24 months”.

There is a link to a statement (from over 3 years ago we note) showing $5,000 growing to almost $40,000 in 34 weeks of live trading. Then follows another from over 2 years ago showing a $20,000+ return in just 11 days. Later on there are no fewer than 6 other statements and testimonials available for viewing, all showing fantastic returns and providing excellent feedback.

The system uses “an incredibly accurate formula (developed by a professional Forex trader & Fund manager”, is “easy to implement” and can be used “just one day after reading the course”. It’s “perfect for people who don’t have time to monitor the markets constantly” and the rules “take away all the guessing and vagueness common to many other trading systems”.

Monthly returns are generally “between 30% and 50%” and a couple of trade examples are used to provided to demonstrate the potential of the system.

A custom alert indicator (for use with Meta Trader 4) and a 5 EMA’s Advanced Module is also included as is a 60 day Money back guarantee.

The Material

A whopping 147 page manual, wow!

Well, we dived in and got down to the bones of this system, eventually. It is not in fact based on 5 EMA’s but on no less than 6 different indicators across two different time frames, 1 Hour and then 15 minutes for an entry.

The material in the rest of the manual, not focused on the system and example, may well be of use and interest to many new to trading Forex, as its quite detailed to say the least.

We didn’t delve into the “Advanced” module of the system, happily convinced that this one was going to be enough of a challenge without advancing any further at present.

The System

Set up is relatively straight forward as templates (for Meta Trader 4) are provided.

And, as mentioned above it’s a MTF (Multiple Time Frame) type of system, well, there are two time-frames involved.

We tried as best we could to decipher this system and somehow do some back-testing before getting involved in any form of live trading.

However, this was our downfall. There were just too many indicators, too many rules, just far too much going on for us to consider taking this system any further.

We are very keen on minimal chart clutter and simple, precise trading practices, this just did not suit our style at all.

Can It Work

We cannot comment really as we never got that far. It possible though, if indicators and a complicated and detailed rule base is your forte. It is not for us so, again, we cannot really comment on whether or not it can work.

Support

We had no reason to contact support so cannot comment.

Summary

PRO’s
• Detailed and precise entry criteria.
• Quite mechanical.

CON’s
• Way way too complicated for our more simplistic approach to trading.

Do remember, your comments are important – If you have used or decide to use this system, please contribute to the community by reporting back your findings.