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Forex Tracer and Forex Funnel - Metatrader EA Expert Advisors Trading Robots

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With the plethora of metatrader EA’s available for use for the Forex Trading Professional, the decision to make to find the perfect expert advisor can be quite a journey.

The Forex Expert Advisor helps the Forex Professional Trader by automatically calculating price action on a given trading chart.

The Expert Advisor then takes the findings and decides if a trade is worthy of being executed.

A properly developed Expert Advisor sets a take profit point, and a stop loss point.

This sets up the trade with the probability that the currency pair will eventually price at the level where the take profit stop is set.

There are two Metatrader EA Expert Advisors that I can Recommend.

Firstly, if you like to trade EURUSD, which is the Eurozone/US Dollar, then you might want to check out the Forex Tracer.

The Forex Tracer is a system that uses the EURUSD Currency cross, and uses a 30 pip mathematical strategy. Also the Forex Tracer can be used at any account level, as the amount of lots traded is on a graduated system.

Check Out The Forex Tracer Today!

The Second Metatrader EA is the Forex Funnel. The Forex Funnel takes a different approach to trading in contrast to the Forex Tracer.

The Forex Funnel uses a One Hour USD/JPY chart, which is the US Dollar, Japanese YEN currency cross.

The unique property of the Forex Funnel, is that instead of the Forex Tracer which places a 30 pip trade here and there, the forex funnel uses a hedge strategy, and places a numerous amount of trades that bid on smaller micro and mini lots.

For those who want an advanced system that trades on another level completely, check out the Forex Funnel.

Get The Forex Funnel Today!

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!

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