Huge PipBoxer Discount — Only 2 days left

PIPBOXER + GRIDBOXER ONLY $999

This is the best deal I’ve seen come accross from the folks over at Investtech, makers of Pip Boxer and Grid Boxer EA’s for Mt4. These EA’s help identify logical ranges based on statistical volatility.  You can buy these EA’s for one currency at a time, OR, buy the complete package.  Well, until March 15, 2009, you can receive the entire package of both GridBoxer and PipBoxer at 63% off the original price.

There was a time I just could not afford this package let alone a multitude of these EA’s individually.  Now, I can totally afford this, since I made at least 380 pips this month alone, I can afford purchasing Pip Boxer and making even more pips on AUTO PILOT!   It’s sad that the sale ends March 15, so get your copy TODAY before it’s too late.
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Zink Killer: Where Did It Go?

FOREX KILLER EA?

The Zink Killer EA is this Expert Adviser for Meta Trader 4 that was programmed by a guy known only to me as “ZINK” that was on a Forex Forums somewhere.  It interested me because it was touted to be the AUTOMATIC VERSION OF FOREX KILLER.  From the moment I tried Forex Killer I wanted to see if it was possible to make this a completely automated Forex system, cutting out many extra steps that waste time before entering a trade.

He had anyone interested email him for the demo version of the Zink Killer EA, which I did, and it worked pretty well for a while. In fact, the EA, with the right settings, turned out to be profitable more than not. It did get me into some losing trades, which I chalked up to relying to heavily upon the EA entering trades automatically, with little to no logical intervention on my part that might keep me out of a bad trade.

Long story short, the Zink Killer EA stopped working after a few months, the demo must have expired. When trying to find him to get a full version, I never got a reply. There is no Zink Killer website or anything so I am at a loss.

As you can see it was customizable with Trailing Stop, Lot Size, Stop loss, and a few others.  I really enjoyed testing this out and want to try it with a few dollars in  a small account somewhere.  So if Zink comes to this blog, let me know what’s up with Zink Killer, is it discontinued? Is it available? Thanks bud.

My Final Forex Killer Review

Well, it’s not much of a review, rather than a final comment on why this software really isn’t worth your time.  Like I’ve said many times, Forex Killer works just fine, but there are other things out there to help you trade that are much more worth your time and in some instances free of cost to you.

I decided to make this post because I still see a large portion of my visitors searching for Forex Killer in some way shape or form.  Most people ask, Is Forex Killer a Scam?  Well, I do believe Forex Killer does exactly what it says it does.  But perhaps it shifts focus off of a trader’s inherent responsibility to actually learn how to trade, with promises to make you rich simply and without stress.  I’ve come to appreciate a healthy amount of stress while trading, careful to not get too comfortable in any one method, following any one indicator, or any one signal provider. The market is always changing, evolving perhaps, adapting definitely, so what works one day may not work the next.

While it’s not necessary for a forex trader to be “aggressive” in his trading style, I believe just trading with Forex Killer in one’s system is not proactive enough to make “a killing” like the software promises.  The whole idea of cutting and pasting the last X amount of closing prices then calculating which way the trend is can easily be found in a number of different indicators and methods.  Seeing recently what TopGun Software can compute and graphically present, for instance, their one of a kind FX Multimap can instantly show you the strength of a pair or an individual currency vs all other currencies.  Flips of this Multimap from red to green usually indicator a change of direction or resumption of a previous upward trend.  Either way, weakness is disappearing and strength is continuing and this is shown to you in an instant and you did nothing except add this indicator to your chart. Another great thing about Topgun is the recent Narrow Range Breakout Script that intuitively adds lines above and below the levels of important ranges.  Used in concert with flips of FX MultiMaps from green to red or red to green, a successful trade becomes all the more likely.  Forex Killer could NEVER give you such amazingly simple indications of when to enter a trade.  Exiting a trade is just as simple if you just add a trailing chandelier stop.  It’s hard to do much of anything with Forex Killer except identify how likely a trade is to go up, but if you took any sort of Forex education, you’d probably hear at some point that you ought not trade on what you think “might” happen, rather, trade based on what you see is happening.  TopGun has scores of other indicators I am just learning about, so I’ll keep you updated on this software of the next few months.

The only downside to TopGun Software is that it costs approximately $250 per month to pay for E-Signal feeds and the software itself (free if you sign up for FXCM under TopGun as an Introducing Broker Client).

That is just one big “for instance” when looking for alternatives to programs such as FOREX KILLER.  Not much else to say except there is undoubtedly many things better than Forex Killer in the world today.

Narrow Range Script in TopGun Software

I recently came across another discussion about a new feature of Top Gun Software.  Over the past few months I’ve come accross a few people over at Forex Forums who swear by this software,but until now, I haven’t seen something about it that warrants me purchasing it once and for all.  This new feature they have called the Narrow Range Breakout Script. Supposedly there are special bars that Top Gun Software detects and draws these parallel lines on your charts where price begins to range.

You can easily do this yourself, however, to have a script draw these lines for you really takes out the guesswork involved with identifying ranges, channels, etc.   On the above example,TGS detects a narrow range and whoever showed this example must have entered a short right below the lower channel (bottom purple line) and rides a 60pip or more move down! I’ve seen a few examples of this and am really salivating over how simple Top Gun has made forex trading.

I really am looking forward to trying out TopGunSoftware as soon as possible, I keep reading great things about the narrow range breakout script and many other scripts over at Forex Forums’ Software Indicators section.   Anyone else have the ability to comment on TGS or the breakout script?

Forex Probability Indicator

I’ve been following the development of FerruFx’s Probability Meter for trading Forex with MetaTrader 4.  To be quite honest, I find this to be a pretty brilliant tool for those of us who like to see in BOLD colors which way to trade.  This tool could easily keep you out of the most disastrous trades by shorting a currency that is clearly strong or buying a currency that is weak.  The Probability Meter will show you not only the direction of the trend but how strongly it is moving in that direction.

Basically, how this indicator works is the user must determine whether or not the individual indicators within the chart align.  The creator says that 75-80% is a  good trigger for an entry, but without a doubt other things should be considered like Fib levels and pivot levels.

Example how you can trade with the Probability Indicator from FerruFx: “attach the Meter on M15 and the 2TFs below (M5 and M1). First, the 2 additional indicators on the 3 TFs must agree. Then watch the numbers of the 3 others indicators (doesn’t matter which TF because the number will be the same). If these numbers are about the ones i suggested in the explanation above, then the Global % would be close to a good entry point. 75% seems to work well but with experience we’ll all find our % which we are confortable with.”

 The Probability Indicator works with the following currency pairs:

EURUSD
GBPUSD
AUDUSD
USDJPY
USDCHF
USDCAD

EURJPY
EURGBP
EURCHF
EURAUD
GBPJPY
GBPCHF
AUDJPY
NZDUSD
NZDJPY
AUDNZD
CHFJPY
EURCAD
AUDCAD

The indicator by itself is only $67.  Check out Forex Forums for a discussion on the Probability Indicator.

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