Forex Killer Showing Promising Results (So Far)

New Forex Killer Review (mo4Forex.com) After a month of using Forex Killer I’ve concluded that it does actually make me pips, but the losers are unfortunately outweighing the winners in terms of pips lost vs gained. I will enter trades looking for a 30-50 pip profit (not including the spread), and set an equal stop loss (or a stop loss near a point of resistance) So, while my winning trades netted over 5800, my losers accounted for 3700 in losses. Hardly a killing. In fact I feel a little roughed up myself, but alas, I have seen the err of my ways. Instead of just blindly trusting Forex Killer, you really need to use your brain and do your own analysis on the pair. I know for a fact that news spikes didn’t affect my positions opened with help from Forex Killer’s signals. Also, I used smaller lots for more of the winners and there were some larger lot trades with more of the losers. I deduced that Forex Killer entered me into losing trades because I read the signal near the end of a trend, which still indicated a strong buy or sell signal, but was soon to retrace or reverse, and with the stops I had set for many of them 30, 40 or 50 depending on the pair and situation, I would have a $500 losing trade versus a $100-200 winning trade. So even though I had a 3:1 success rate, the pips gained/lost ratio is much tighter. But, that alone should not turn me, or you, off to this software, my trading method just needs to be tweaked. I thought it would be useful to bring up and see if anyone else had a similar account of trading with Forex Killer.

In total, I have made 48 winning trades and 16 losing trades with Forex Killer. Now, demo conditions are not indicitive of what live conditions might be like, so keep this in mind. Also, note that these results will be different for everybody, there’s just no possible way 2 people can enter the same trade time and time again, so, results will vary. My Detail Statement graph reflects my trading all month, and about mid way I started to use Forex Killer, so you can see how much my trading improved. To repeat, that graph has my own manual trades based on whatever I thought was a good trade, often times a loser for me, on this demo account at least. The graph does speak for itself though; This was not a hypothetical backtest, these were real trades made on a demo account, but real trades noneheless, and for my losses to be wiped out and to see a $3000 gain thanks to Forex Killer’s advice really convinced me to keep trying at it. Even though the often tedious task of entering in one price at a time takes its toll, the signals have proven to be quite accurate and on more pairs than originally suggested by the software developers.

It seems trading GBP/USD was the biggest loser for me, short and long trades were about even in terms of winners/losers. EUR/USD was the second worse and USD/CHF came in third in terms of losers. But like I said, winners outweighed losers 3:1 exactly.

Now, I’m trying out some more trades today and so far things aren’t looking good, 4 losers at once right now and will probably hit their stops. Actually I am down $800 as I type this to you on Forex Killer signals, so things don’t always work, of course.

Addendum— 3 hours later
I was wrong about not trusting these signals, and my least favorite pair earned me $1200 in profits, 120+ pips on two seperate trades, and also another winner in USDCHF and EURUSD.  So all of those trades I thought were about to be losers are now winners, all closed except the one big trade on GBP/USD, I set a 25 point trailing stop loss and am 10 pips away from my target!