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The Forex Killer - Getting Away With Murder Forex Style?

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Ok, I am now finally doing the Forex Killer review. So, when somebody does a search for forex software, what happens to be on the prevalent titles that happen to show up? Ok, let me tell you that it is Andreas Kirchberger’s Forex Killer. The Forex Killer, designed by Andreas Kirchberger, a former trader from Germany’s premier bundesbank, Deutsche Bank.

So finally, after bugging Andreas for a good bit, and a friendly exchange of emails later, he finally would let me try it on for myself. Let’s have a look, shall we?

SOFTWARE:
So the software consists of not an EA system, but instead a software program, that does calculations and technical analysis. The software, unlike some Expert Advisors, actually can figure out trades for all currency pairs, although the recommendation is using the MAJORS (EURUSD, USDJPY, USDGBP, GBPCHF, EURCHF, etc.)

SO HOW DO I GET THESE SIGNALS ANDREAS PROMISED:
Well, first of all, start the program, and of course your Metatrader 4 Forex Terminal. Go to the tools menu of Metatrader, and get the historical data for the currency pair and timeframe that you are working on (i.e. EURUSD M30), and export the data. The data will export to csv, and just use the load feature on Forex Killer.

This is the best way to import data into the forex killer, instead of trying to siphon the Close price data of the last 10 OHLC candles manually, which you could also do, but is quite time consuming.

The next thing, is to set your range for stop loss and take profit points on the software. You can set the stops for short and long term trading, which means if you do both daily and intraday trading, you can have separate goals and still run them at the same time.

After importing all of the data, and turning the signal generator on, you will have a result for long and short term signals. These signals tell exactly where to place your stops, and where to point the position in short or long position. The neat thing too, is that if the analysis cannot find a good signal within the profit and stop settings that you have placed, it will state that there is no trade signal at that time. Now you could either wait, go to another currency pair, or just change your stops and start the process again.

MY VERDICT:
Compared to several systems that I have previously looked into in the relatively short time that goforextrade.com has been in blog form, this one is going to require a slightly stronger learning curve. Now I am not saying that this is an overly complicated program. But do not expect to set it and forget it, as the Forex Killer expects some human input, especially with loading historical data. From the fellow metatrader users that I have come to know in the community, they can figure out the learning curve faster than most. The only worry I would have, is someone who is new into trading, and maybe is technologically challenged.

Being a computer programmer on the side, it did not take me long to figure out how to operate the Forex Killer. But when you get around to figuring the system out, which the software does come with a manual and great support from the folks on Andreas Kirchberger’s team, First test it out in DEMO mode. I say this about all of the products I review here. This is so you do not jump in the action, and lose your shirt, because you do not know how things work. I highly recommend testing things, but unfortunately this system cannot be backtested, so forward test it in demo mode.

Download The Forex Killer Here!

Another great review from Tom here at www.goforextrade.com
TRADE ON!

Market Cap: May 30th: Forex Killer Review later tonight!!! I Promise

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EURO On The Rebound!
Yeah, the Euro decidedly took some back today in the daily EURUSD tug of war. The pair went down to about 1.5457 before rebounding to 1.5551. Despite Germany’s retail index taking a slight decrease in the shopping basket, indicators on the American side has shown a tanking of consumer confidence and lower spending at the retail registers. This is indicating that we are in perhaps a longer road to recovery than previously thought.

EVERYBODY IS FEELING THE PINCH:
Seems like everybody is being dragged down by the economy and $128 crude prices. While we thought here in the US that prices were going to start going down, wow we were just bitch slapped right back into reality. The price traced back 73 cents to throw us over $127.35. For them weekend warriors, we feel for you.

ANOTHER POUNDing FOR ENGLAND:
So, did you think in all of this, that we were going to have good news for you fellow britons reading this article? Nah, just the usual crap, but this time, everybody is guessing that your interest rate is going to stay solid after the next major fed meeting.

You guys are just having a economically fun time as much as we are right now. Consumer spending has found the toilet and is swirling its way to the pipes.

OK, ENOUGH OF THE DEPRESSING STUFF:
Well, it’s news, what did you expect? a happy family, a young married couple, a nice home, car, with a white picket fence? This is the state of the global economy, not some prefabricated bunch of lies!

Ok, well I will jump off of the news end of things, and talk about some things coming up on goforextrade.com:

First, tonight I will review and discuss a bit about Andreas Kirchberger’s Forex Killer. I will talk about the forex killer, and how it works, and how it picks out the potential trades, and why you should or shouldn’t buy it.

I also just talked to my pal Norb Czufis, and he gave me a copy of Forex Tracer to test and beat the crap out of. Expect a review of The Forex Tracer early next week.

REST THIS WEEKEND! TRADE ON!
Tom Howell
www.goforextrade.com

Oil is still dropping, and the Dollar Rising, market cap tidbits

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Before I begin, I would like to apologize for the few days of being out of services. Unfortunately I had some personal issues to attend to and you know how they are first priority.

OIL dripping away at price:
Yes! could I be proud at the ever so sharper declines in recent crude oil activity. The declines were a long time coming, and now crude has stumbled another few dollars down the pipe to around $126. For those SUV and High Performance car drivers out there (and I am one of them!) we are somewhat breathing sighs of relief. Relief that the possibility that the worst may be over, and that we are in for a potentially long road for recovery.

EURO GETS IT’S ASS HANDED!
The Euro is now officially having it’s days in the barrel when it’s cross to bear is the US dollar. The greenback has fought back ever so ferociously and has owned the Euro on a 5 cent decline through the last few days. This in combination with a few good positive points, and also shafted the crude oil barrels down a few dollars in recent trading as well! EURUSD is resting around 1.5510 at time of reporting.

SIDEWAYS, NOT THE MERLOT MOVIE!
Besides, didn’t that movie suck? Well maybe not for winos. back on topic, the cable USDGBP is now just fluctuating up and down like a sine wave from one of my old moog synthesizers. Perfect for scalping range, but if you are looking for a long range buy or sell, look elsewhere.

So How is the Pound and Euro Doing?
Pound is getting pounded by Horrific home sales numbers and the Euro’s numbers with retail and employment just haven’t been sound. Is the world economy taking a nosedive? Is oil going to send the markets to the toilet? Can we recover?

ok folks, I just wanted to make it a quick market cap for today. I am looking to review Andrea’s Kirchberger’s Forex Killer tomorrow, and have a better news cap for you! Thank you for being understanding to my craaazy situation.

I am also talking to a good fellow internet publisher, by the name of Norb Czufis, who happens to be unleashing the Forex Tracer. He has tapped me for a review, and a testimonial for his site. Although I am cool with Norb, I am also unbiased with each and every review. Let’s see if I can praise the Forex Tracer, or Bash it to the ground!

TRADE ON!!!
Tom Howell

Forex reviews: Have a great weekend! We have a couple of great reviews over the next week!

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For those who are stateside, Have a great memorial day weekend! Enjoy the BBQ’s, time at the shore destination, partying, what have you, and don’t forget about the troops either!

For everybody else, Have a great weekend!

Here is a short cap for things happening in the week ahead!

1. The usual news caps that I have been doing sporadically I will try to obtain some more regularity with time and content in full respect. Try to not only cover the US markets, but other major markets as well. I have had a few emails sent to me, requesting that I cover more than just EUR/USD and Light Sweet Crude speculation.

2. I have been contacted by a couple of forex product vendors, and they have given me their products for review. I will have a review on Tuesday night/Wednesday morning for one of these. This I am keeping a surprise.

Other Newsies:

1. I am looking for a couple of more vendors to review. If you have a product, please send it on over! I would be more than happy to review it.

2. Advertising Sponsors. Not as of yet, but I will possibly entertain offers for sponsors in the coming months. If you are interested in having me put banner ads on goforextrade.com, contact me and we will talk specifics.

Concluding….
Folks, have a great weekend, and we will talk again at open!
TRADE ON!
Tom Howell
goforextrade.com

Forex Raptor Currency Trading Solution: Trade with or without Automation!

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After having a few days of worthy concerns about the forex raptor EA system. You know, the wonderful trading software that interacts with your Metatrader 4 platform!

Yes! finally Steven Lee Jones, the engineer behind the operation has finally updated the Forex Raptor , and it works great! Use it with any currency pair that you trade with, and let the software do the technical analysis for you and pick out the winning trades.

Or you could just let the Forex Raptor not only pick the winning trade, but also place the position as well! Of course with any automated system, I would test run the system in demo, until you are confident of the solution, and you having a full idea of how this software program work.

Folks, I can now give the Forex Raptor my blessing. Check out the forex raptor and TRADE ON!

Tom Howell
www.goforextrade.com

Market Cap: May 22nd 2008 - The Good Declines Come

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Well folks,

An interesting day has happened on the trading front. A few things on the good side, from oil retreating to the Dow springing back, and unemployment claims have shot down 9,000.

THE SWEET AND SOUR OF SWEET CRUDE:
Despite alot of anger at the pumps just before the summer driving season, Sweet Crude took a small nose dive to land at $131, a nice retreat from the previous record at $135.

BUSTING THE HOUSE:
The average price of homes fell in a 17 year slump, due to mortgage costs skyrocketing, the Lending industry tightening their fists on once easy to obtain credit, and the ever increasing MLS inventories are not making the situation any easier. Shortly we will see the numbers for home sales and permits for new construction.

QUICK FED SENTENCE:
The Fed is not ruling out rate cuts if economic growth keeps at this pace.

THE ASS KICKING OF THE DOLLAR:
Well, today, the euro had it’s day in the pickle bucket with a reversal of action, taking the prized currency down a cent to 1.5715. Meanwhile, The pound/dollar was relatively meandering sideways for the most part and Sushi (dollar/yen) was fluctuating at a tight scalp range around 20 pips.

Market Cap, for May 22nd, 2008 - the US Economy Worsens

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It’s really a Gas! Another day of beating up the dollar, courtesy of the euro, and Crude Oil has seen a new high of $134 a barrel. Get ready for another day of trading insanity!

EURUSD: More Ownage From Europe!
The Folks at Frankfurt and the euro are surely beating the life out of the dollar. The euro shot up another 4 cents to nearly $1.60/euro.

BRITTAIN:
Business Investment Quarterlies and Industrial Trend Orders.

CANADA:
Core Retail Sales Month to Month, and Regular Retail Sales Month to Month

US NEWS for today:
Four News items to hold onto today: Fed Governor Kroszner is speaking around 900-4GMT. Just before his speech, we will know about fluctuations in unemployement claims, and I am not expecting good news in that department. Housing price index, then natural gas storage will be read off later on as well, but if you are an american citizen, the result should be obvious to you.

HOLIDAYS: German Market Closed
Frankfurt will be closed today in observance of Corpus Christi day.

Another Good Review Coming Up For Early Next Week!!
TRADE ON!
Tom Howell
www.goforextrade.com

London Forex Rush System - Let’s see what Al Russell’s software is about!!!

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OK Folks, without further adieu, here is my review of the London Rush Forex System. Right now, it is 200 +4 GMT (New York), which about 600 GMT right now in London. In the course of a couple of hours, the London market is going to start up, and the exciting thing is, this new signal that I just got from Al Russell, called the London Forex Rush System.

So, what is the deal with the London Forex Rush System? Well, at first, it is not a software program, but instead a signal system built for traders who are using Metatrader 4. Instead of the previously reviewed Forex Raptor, This is not a software program that connects through an API, which I am still waiting for Steven Lee Jone’s response on the problems it has currently be having.

Of course once you purchase the London Forex Rush System, you would have to follow the instructions to drop the 2 .ex4 files in indicator folder, the one .tpl template file in obviously the template file, the london rush folder, in the profiles folder, and read up on the .pdf file sent to understand this system.

Well, let me give you the system in a nutshell. The principle of The London Forex Rush System, is an indicator that works only with the Currency Pairs which cross with the British Pound, which starts monitoring the activity of the pair a while before the opening of the London Market. The theory here, is that the motion of the Pair around the time when the London Market Opens, dictates what the movement will be headed towards for the London Session. This is where Al Russell’s claim of only needing to trade for two hours a day comes in.

You would only need to see the beginning of the London Market, and from the calculations done on the indicator, make a judgement of placing a position to long or short the pair.

As of right now, it is almost 2:30, which is 6:30 in London right now. The indicator is telling me with a bit more than an hour and a half away, There is no Trade. Now I am aware that this may indeed change, which I will monitor.

MY OPINION:
To be honest with you. It seems to me that the signal has some merit and potential. Al’s product has a 60 day guarantee, which I would highly suggest, to use a demo forex account for now, just to test the system out a bit. If it works for you, great, if not, by all means return the London Forex Rush System.

Also keep in mind, when I review products, I know everybody will NOT be happy with some products, just because certain products will not please anybody. My review is about talking about specifics of the products, and that is pretty much it.

Otherwise, Download The London Forex Rush System Here

Server Down Again….London Forex Rush Review still going to happen tonight!

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folks, I am getting really angry at the VPS company hosting this website. The downtime has been utterly rediculous, and I need to put my foot down somewhere. Despite this, I am still going to test the London Forex Rush System at London’s Open.

And as for Forex Raptor. It seems like there is a major problem with the program sending signals to metatrader, or creating signals period. I have email Steven Lee Jones, and he is on the case with his programmer staff. I will give you an update ASAP!

I have had several email complaints on the basis of Forex Raptor not generating signals, and I am kinda concerned. Yeah, I got the software for free because I review these and make or break these software teams with the nature of the review. But also, I do care if the product has any quality as well.

Hopefully I will get another email from either the support team, or Steven himself shortly.

Tom Howell
GoForexTrade.com

Postponed the London Forex Rush System until Tomorrow

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Sorry about having to postpone the test and review of the London Forex Rush System. Unfortunately, our systems as well as this server was down for most of the night time. Instead, I will test and review the system and write a review tomorow morning.

While, I am posting, let me give you a quick post on the dollar against all on this. First, the euro is creeping at an all new record of 1.67. With a count of the US crude oil inventories going on in the states later in the day, it is too early to tell if the euro will keep its peak.

After the 250 pip Pounding of the Dollar, the British Pound has remained for the most part sideways, but as of a while ago, retreated a bit on the dove side of things.

On the other side, of the other pond, Sushi, or Dollar Yen, is having a slow long term decline, but a quick spurt of volatility for the london session.

Ok folks, talk to you all later, and again I apologize for the server glitch!
TRADE ON!
Tom Howell
www.goforextrade.com

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