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Old 11-07-2008, 03:46 PM
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Default ForexFunnel.com Review

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Are You in search of the best forex trading system do you want more information on Forex Funnel , are you concerned about what they are promoting and marketing at ForexFunnel.com and you’re not sure if its honest and not a potential scam, read or post a truthful and unedited review below, about ForexFunnel here so other members can make better more informed decisions about which forex trading systems should be taken seriously and which forex systems should be ignored.
Official web site which contains more forex system related information. Forex Funnel - Automated Robot For Signaling & Trading The Forex Markets
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Old 12-30-2008, 04:08 AM
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I have used this on my live account for the last 60 days with some success, however there are 2 things about this EA that have made me decide not to use it any further:

1. It uses a strategy that opens an initial buy and sell trade simultaneously. No problem there - until the market trends in a single direction and you are left with an ever-increasing open trade that doesn't close until either the market fully retraces and hits the opposite take profit level, or you close it manually yourself (at which time it immediately opens another one at the current level). I have emailed the developers with this but no change so far.
2. Its Martingale strategy runs has the distinct possibility of busting your account if the market trends for an extended period in a single direction. The only way I can suggest to deal with this is to play with very small initial amounts if you have a mini or micro account (0.01 start). Otherwise you better have plenty of bucks available to absorb the ever-increasing trades if you trade any other way!

I am only giving it 3 stars because it does make money, however the 2 points above weigh heavily against it in my experience.

Customer service is also average with short, one-liner (not particularly helpful) emails being the norm.
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