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.
As of recently, I had tested a copy of the Forex Raptor , which was developed by Steven Lee Jones, a highly successful trader (And that is putting it lightly,) who wanted to give people to use the software that has helped him win in the game of forex.
Being in the forex game for nearly a couple of years now, I was for one not really a successful trader to begin with. At my best, I would have modest gains of around 5-20 pips a day here and there, and once in a rare while, either get a huge windfall on a news blowout, or lost my shirt for that day.
So tell me if you are interested in a system, that you need to do only a limited if even NO technical analysis! Now imagine telling me, that you are a skeptical bunch, who happens to be probably thinking “NO Tech Analysis? ARE YOU OUT OF YOUR FREAKING MIND?” I, like you was skeptical also! I wanted to find out more about this.
So, Steve approaches me, and asks me to do a review for his product, the Forex Raptor. At first I was thinking that it was going to be one of the numerous software products on the web. “Oh, it must be another Forex Killer rip off, or some trading Robot called Karl the tripling machine.” I had in thought. But reading through the sales page, I was trained on one aspect that really caught my eyeballs.
One of the core benefits that I had realized, is that this Forex Software title, is just not a glorified and rebadged signal software. The Forex Raptor, just happens to have an ability to Interface with Metatrader 4! Matter in fact, the Forex Raptor happens to interface with Metatrader 4 in order to perform it’s own mathematical calculations, and uses historical data! That is truly a ones up on Forex Killer, which happens to ask you to find the historical data by manually typing in the last 10 OHLC candles, or learning how to export csv files, to load into the software. The Forex Raptor does this on it’s own with very little intervention from the trader.
So, if there is a logical connection between Metatrader 4 and Forex Raptor, I wonder how the curve is on installation? Actually it is only moving a few files, which are covered by not only a text tutorial, but also a video series that you can download when you download the Forex Raptor. the Forex Raptor uses the .NET Framework, so it may take a couple of minutes if you do not have the .NET Framework already installed, but it is cake afterwards.
Support:
Customer support is top notch, and if you are having problems with installation or just have a question/concern, expert forex traders are more than ready to help you if such arises. There are some periods where customer service will only cover install issues, but usually the downtime is used constructively building a better system, or writing a faq/manual to cover all topics.
My Advice:
It comes with a 60 day guarantee. Give it a shot, it might just very well be a great self-contained forex trading solution for those who need a solution that can do the analysis work for them, and of course automatically place trades for those who are too squeamish to place certain trades. Try it out on a Metatrader 4 broker platform first, and then when you get the hang of it, throw it on LIVE!
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Filed under: Forex Raptor Reviews by Thomas Howell