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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 spikedfxp1.jpg 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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Written by MoForex · Filed Under Forex Signals, ForexProIndicator.com, GBP/USD 

Comments

20 Responses to “Forex Pro Indicators Review — DAY 1”

  1. The Automated Forex Trading Software on December 1st, 2007 1:20 pm

    that is really nice post.. thank you..

      

  2. John Kranick on December 2nd, 2007 9:13 am

    Hi,

    Just wanted to let you know I’ve put up a Currency Trading facts site. Lots of useful articles and information as well as constantly updated rss feeds to keep you abreast of what’s going on. Post / link and let me know what you would like to see.

      

  3. pt49 Forex trader on December 3rd, 2007 8:51 am

    OK, Day 1 went OK, but what happened next? You have not been back. I can only assume you are sitting on a Carribean island with your laptop trading the shit outa the Euro.

      

  4. chris on December 24th, 2007 7:46 am

    what happend to ForexProIndicators.com website ?

      

  5. admin on December 28th, 2007 2:54 pm

    Chris, you got the site wrong buddy, its ForexProIndicator.com without the S

      

  6. Ronny Rabe on January 5th, 2008 3:09 pm

    Hi! Found your blog on yahoo – thanks for the article but i still don\’t get it, Ronny

      

  7. lumoofdp on January 5th, 2008 9:18 pm
  8. Jack on January 12th, 2008 11:54 am

    wait til you get the losers come rolling in

      

  9. Ronny Rabe on January 13th, 2008 2:04 am

    ro Indicators Review — DAY 1 | Forex Blog is a quite interesting post but quite difficult to understand for me – R.Rabe

      

  10. Ronny Rabe on January 25th, 2008 9:05 pm

    Hello! Found your blog on yahoo – thanks for the article but i still don\’t get it, Ronny

      

  11. Karan on January 29th, 2008 3:30 pm

    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.

      

  12. Andrew on January 30th, 2008 4:46 am

    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.

      

  13. Ronny Rabe on February 8th, 2008 6:05 am

    Hi – just wanted to say good design and blog – cu Ronny R.

      

  14. no way on February 10th, 2008 3:31 pm

    These guys really do stink… they’re just giving you their best educated guess and if it wins it wins, if it loses, it loses… my problem is they give out signals HOURS before price moves, like… market conditions might change in between the signal posting and when the trade comes about… so… what’s the point? I’ll just save my money and make my own guesses about trading

      

  15. prima on February 10th, 2008 4:10 pm

    thanks, i might try these forex signals out for a test drive

      

  16. nfgiuwgbiw on May 31st, 2008 2:58 am

    where’s day two of testing out these forex signals? You give up?

      

  17. beanie on October 3rd, 2008 3:13 pm
  18. Forex Trading Broker on November 16th, 2008 4:51 pm
  19. Bill on December 10th, 2008 7:29 pm

    Thanks for sharing your infor on this forex signal provider… it helped me

      

  20. Pauline on January 9th, 2009 4:08 am

    sounds like a good system . maybe i should give it try too .

      

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