|
|
Forex System Report
|
Review period:
|
May to June 2009
|
|
Description:
|
This is a new expert advisor which has just been released so I have not yet had a chance to test it thoroughly and therefore cannot provide any meaningful feedback beyond my initial opinions.
It trades on EURUSD, GBPUSD, USDCAD and AUDUSD.
It claims to use a risk based analysis to control the amount of capital risked on each trade and therefore to limit losses.
The author, Zack Kolundzic has published manual trading methods for some time, and the reviews suggest that he has a good reputation to maintain.
|
|
Strengths:
|
The sales page quotes some impressive live trading results.
Some products only quote backtest results, which are not always matched in live trading.
The manual seems to be thorough and easy to use.
|
|
Weaknesses:
|
This system is too new for me to provide a full analysis or to make a clear recomendation.
|
|
Weaknesses:
|
I have been running this system on 2 demo accounts - one using hedging and the other not using hedging.
Both accounts were down over a third in value by the end of the first week.
They had started to recover though and a new version of the expert advisor which was released over the weekend claims to have resolved some issues that might explain poor performance.
|
|
Conclusions:
|
This is probably a good system, but it is too soon to draw reliable conclusions.
However, the manual is well written, and was easy to set up.
The publisher warns that the price will increase from the initial $97.
Marginal buy
|
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.
© Copyright 2009 www.ForexSuccess.co.uk. All Rights Reserved.
|