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Forex System Report

Name: Forex Ambush
Web site:   www.forexambush.com
Review date: May 2009
Review period: January 2009 to May 2009
Description: Forex Ambush is an alertr service which tells you when to buy or sell a forex pair. Alerts are sent by email with the expectation that you will use an email account that will then alert you by SMS message to your mobile phone.
Strengths:

The system has never had a losing trade.
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For additional cost, it is possible to buy a hosted service which will execute the trades for you.
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Because this is an alert service rather than an expert advisor, you can place your trades with a spread betting company and avoid tax on your profits.
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Weaknesses:

The system does not set a stop loss. This is the reason why there are never any losing trades. It is virtually certain that eventually the system will take a position before the market makes a large (perhaps long term) move in the wrong direction. Then, all the capital in the trading account will be wiped out. In the meantime, it is very hard to size the trading position because there is no way to assess the risk attached to each trade.
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If you are not able to react immediately to an alert, you may miss the trade. Sometimes this can work in your favour though as you can enter the position at a better price.
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Conclusions:

The claim that this system has never had a losing trade is true, but this does assume that you have sufficient capital in your trading account. If you size your trades carefully (the publishers claim they that the biggest drawdown they have had is around 200 pips) and remove some profits from your account as you go, you might have success with this, but I believe there are better ways to risk your hard earned cash.

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The Forex reports on this web site are based on my experience. There can be no guarantee that you will obtain similar results.
This is an educational website and does not provide investment advice.
The author is not authorised to give investment advice in the UK or in any other jurisdiction.
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