We’re several 4 traders with more than half a century buying and selling experience between us. All people have been
full-time traders at a while or any other, a couple of us are still, another two still trade on the part-time basis. We setup
and today run this new forum within our free time having a specific purpose in your mind.
Lots of people think it is very difficult to get completely independent and honest reviews of buying and selling systems and
services. The reason being many items don’t meet their anticipation (as marketed by themselves websites) and several product
critiques are completed by other websites marketing and reaping helpful benefits from selling that product. Our intention
with this particular website is to facilitate one hundredPercent independent and honest forum for such items.
We use our free time and our experience to create initial reviews of as a number of these items as possible. Reviews derive
from our limited exposure, limited because we simply don’t have time to examine each product for several weeks upon several
weeks and trade all of them in parallel. However, this fits with this intentions, which isn’t to check each product to the
extremes but to make use of our experience to obtain a general feel for this in order to have the ability to produce our
initial review. To do this, for every product, we endeavour to complete some type of back-testing/result verification as well
as run the merchandise in tangible-time (on the small account) not less than a couple of days. Not ideal, however we feel our
experience we can produce what we should think about a reasonable initial review.
Our intention isn’t to become Judge and Jury, our limited exposure doesn’t permit this. Following our initial review,
anticipation would be to promote further (hopefully honest) discussion and feedback inside the forum from individuals with
increased connection with the merchandise, who’ll add further value. All being now this can lead to a forum the whole buying
and selling community may come to depend on and take advantage of, not only based our encounters but in the encounters from
the collective.
We police (moderate) each and every publish on the website so that all forums will remain on subject. It won’t become another
blocked forum for other people ego’s or off-subject unrelated discussion.
Regarding organizations, we’re completely open and honest relating to this too. We don’t and won’t ever endorse or promote
the items we review. Nor can we ever accept payment or else for any favourable review. We all do however setup organizations
where possible and request, that, should anybody end up buying the items we review they use our links. The commissions we
receive from buying via our links (where available) will let us fund the near future acquisition of new systems and services
to examine in addition to keep your site free.
We request that customers go back to the forum every so often and supply their very own feedback. It is simply through this
interaction the site could be of great benefit to many of us.
SYSTEMS AND SERVICES WE REVIEW
Systems
These usually are available in the shape peruse the web site, spend your money, get a manual (usually in pdf form), browse
the manual, set your charts up, discover the strategy, trade the machine, result in the same profits marketed online, never
think back.
Many of these systems are mechanical being used, thus, a particular group of criteria (indications) need to meet certain
conditions before putting a trade. For instance, MACD (12,26,9) needs to arrive, 10 Day Moving average needs to be sloping up
and RSI(14) should be under 70 on the 15 minute chart. You shouldn’t trade this technique, its a good example. But
essentially, most systems are rules based (mechanical) and have to be setup and “learnt”. To us this requires reading through
the manual, establishing the charts, watching historic charts (back-testing) and live-running on the small (or demo) account.
We can’t make use of a system as they are in line with the claims online and that we would not advise other people to do
this.
From time to time something will include an EA, this really is short for Expert Consultant. These EA’s are often
pre-designed indications which are downloaded and put on Meta Trader charts (they’ll only focus on Meta Trader charts). This
really is a significant standard planning package provided by most of the Foreign exchange brokers available same with
usually no problem for many. The EA is generally integrated into a systems rules. E.g. it’s essentially another indicator
that needs to be considered a certain value, shape, etc. to be able to place a trade. The benefit of some EA’s is they create
an audible alert whenever a trade is establishing/provides and therefore saves the trader some trouble and hopefully, some
screen time.
Most systems we run into are Foreign exchange related, this will make sense, as it’s the biggest (most exchanged) market and
many flexible (its open 24×5 typically). Some systems are made particularly for indicies, e.g. FTSE, DOW, S&P and from time
to time we run into some commodity based systems too. However, it’s fair to express that for each system we run into 2 from 3
is going to be Foreign exchange based.