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.
October 3rd, 2008 at 3:13 pm
FOREX PRO INDICATORS kind of sucks, i tried it for a while, they’re just guessing you know? 10 customers = $1000 for them a month… 100 = you do the math…
September 26th, 2008 at 7:43 am
click here
Bars Charts- Price bars are a linear representation (a line)of a period of time. This enables the viewer to see a graphic representation summarizing the activity of a specific time frame. For example they can be one minute or five- minute time interval…
May 31st, 2008 at 2:58 am
where’s day two of testing out these forex signals? You give up?
February 10th, 2008 at 4:10 pm
thanks, i might try these forex signals out for a test drive
February 10th, 2008 at 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
February 8th, 2008 at 6:05 am
Hi - just wanted to say good design and blog - cu Ronny R.
January 30th, 2008 at 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.
January 29th, 2008 at 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.
January 25th, 2008 at 9:05 pm
Hello! Found your blog on yahoo - thanks for the article but i still don\’t get it, Ronny
January 13th, 2008 at 2:04 am
ro Indicators Review — DAY 1 | Forex Blog is a quite interesting post but quite difficult to understand for me - R.Rabe