Forex Killer reviews I purchased this software recently and it does work quite well. It is not an automatic system, it is a signal software, so most of the results are up to your choices. All of the choices of whether to take the signal and ultimately how you manage your stops and targets are up to you, all it does is offer advice. Choosing the time frame, and time of day, in reference to the pair traded is quite important. As is the basic chart pattern, and how you choose to manage ongoing trades.
The software now loads all the data automatically. You simply choose "save as" from the Meta Trader platform and "load" on the Forex Killer. The program generates long and short term recommendations, with fixed stop and take profit levels depending on the time frame chosen, and excellent probability calculations. Its important to respect the probability calculations, if you stick to only trading high probability trades, your results will be much better. If you do take lower probability trades watch your trades and be prepared to close quickly. Also I've found it helpful to update the software and check the current probabilities. It gives you a sense of how the software thinks and what to expect from it. Also it can give you a jump on closing a trade early.
The recommendations in combination with the probability calculations, and the overall ease of use and consistent profitability make this a practical and often used piece of software. I've only had it for a short while so I'll post again when I have more to base it on, but so far its a good tool for confirming a trade. |