Forex Pro Indicators Review — DAY 1
September 18, 2007
DAY 1 —- Last night I purchased ForexProIndicators.com’s Forex Pro Indicators Software. The 14-Day Trial is only $25, a very small investment for a good amount of time to try out their indicators software. Purportedly, Forex Pro Indicators will indicate when it is best to long or short GBP/USD on a regular basis at a particular time.
This first day I decided not to trade, just to see how the indicator would work. Boy was this a mistake. If I had followed the indicators advice, I would have made over 150 pips today. Today is special, the Fed cut rates by more than expected and the GBP/USD spiked
sharply, but even without that spike, the indicator would have made me 50 pips. Hopefully the indicator will do the same tomorrow and steer everyone who uses it toward big bucks.
As you can see from the chart, the indicator tells you to either enter long if the price goes up to 1.9947 and sell if it goes down to 1.9876. Clearly, within an hour the price reaches 1.9947 and I would have entered long into GBP/USD. Momentarily (for a few hours) the price goes down a little bit, we see some resistance, but slowly but surely, the price rises and would have seen a few dozen pips profit at EXIT POINT 1. After the Fed cut the Interest Rate, we see a huge spike in the market. Now, ForexProIndicator’s website indicates they only made 30 pips on September 18, 2007. However, if you stayed long yesterday and liquidated your position at or around EXIT POINT 2, you made hundreds of pips.
Based on one day of trying out Forex Pro Indicator, it seems like a really sound investment. If I were using just 3 lots yesterday, I could have made over a thousand dollars profit, but I foolishly stayed away just to test the system out: such is life in Forex.
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I couldn’t understand some parts of this article, but it sounds interesting
that is really nice post.. thank you..
what happend to ForexProIndicators.com website ?
Chris, you got the site wrong buddy, its ForexProIndicator.com without the S
Hi! Found your blog on yahoo - thanks for the article but i still don\’t get it, Ronny
lumoofdp
lumoofdp
wait til you get the losers come rolling in
ro Indicators Review — DAY 1 | Forex Blog is a quite interesting post but quite difficult to understand for me - R.Rabe
Hello! Found your blog on yahoo - thanks for the article but i still don\’t get it, Ronny
I found your blog via Google while searching for forex trading mini and your post regarding DAY 1 | Forex Review Blog looks very interesting to me. I always enjoy coming to this site because you offer great tips and advice for people like me who can always use a few good pointers. I will be getting my friends to pop around fairly soon.
I’ve seen a jornal written by a guy who made a LOT of chips over the year starting with their one time buy product and then moving on to the other one (was like 8k with some help froma couple of other indicators). I’ll be buying it soon too.
Hi - just wanted to say good design and blog - cu Ronny R.