Good morning folks! As you all know, we are sponsored by the Forex Funnel, an automated forex software solution that plugs into your Metatrader 4 trading platform and automatically makes trades for USDJPY on a one hour charframe.
The makers of the Forex Funnel also have another great automated trading software title out. The Forex Tracer, like the Forex Funnel, works with Metatrader 4, but trades on the more commonly traded EURUSD 30 minutes chartframe. Easily installs just like the Forex Funnel, and is very easy to implement.
Costs $137 and within 10 minutes of purchasing the Forex Tracer, you will be able to trade. Check out this video to see how easy it is to install this automated forex software:
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.
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.
SO FIRST OF ALL, FOREX TRACER IS A SIGNAL? PROGRAM? SERVICE? The Forex Tracer what we call and “Expert Advisor” for Metatrader Trading Platforms. What an Expert Advisor is, is a Mechanical Trading System (MTS for short) which links to a currency trading chart. Using specifically programmed parameters, the Forex Tracer will of course ADVISE you on the best possible strikes on making the trade, and can even make those trades automatically.
The Forex Tracer does not have an insane learning curve. All you have to do once you purchase the Forex Tracer, is drop the EA file into the experts sub-folder in the folder that holds the Metatrader software that you are currently using. Of course the Name of the Metatrader folder you are using most of the time, will have the name of the Forex Broker that you are making positions with.
After dropping the file in, the only thing I had to do, was open a M30 chart for the EURUSD cross, and drag from the left panel containing the Forex Tracer EA from the Experts Folder right onto the chart screen. then a dialog box will appear, and select it for Automated Trading Allowed.
That’s it! I have been testing this system for a couple days, and I have scored 75 pips from it. Yes it might sound conservative (You are probably thinking What about hundreds of pips.) but you have to realize, if you trade a single 100K lot on those trades, you are look at least at $750 in profit. Now tell me where you are going to make that much money in a couple days time. The formula that has been used to create this Expert Advisor has seen a profit return of $335,000, with just a base investment of $25,000. And the Forex Tracer can be downloaded for instant use!
390 PIPS MADE TOTAL IN TWO WEEKS!!!!!!
I have DOUBLED last weeks profits! I started at $5,000 initially and ended up making over $10,000 in profits using the Forex Tracer. Why wouldn’t you want to use this?
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
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!
Filed under: forex tracer by Thomas Howell