February 29, 2008

A Complete Skeptic Conducts A Forex Range Trader Review - Will He Turn Into A Believer?

There are so very, many programs for trading forex being brandished online, that I have basically evolved into the worst doubter. Something about the website attracted my attention and I took the time to go over the website and see if the program had merit.

Did Forex Range Trader live up to what it declared and turn this self proclaimed unbeliever into an enthusiast?

Read my Forex Range Trader review and see….

Subsequently there was an introduction to the program itself, Forex Range Trader:-

* Fully Automated 'BLACK BOX' Software

* Designed to Run Unattended

* No Trading Experience Required

* Averages 5 (24 with RT-P2) Trades a Day

* 94% plus Winners

* Low risk per Trade, high Gains per Month

* Fully automatic Money Management

* Compounds return as Account Balance Grows

I don't know, but these program's don't usually produce.

There's a bit of background material about the guy who devised the Expert Advisor…once more a fairly believable explanation of his experiences with trading forex with some respectably good charts and statements.

There's even a video which demonstrates to you specifically how the Expert Advisor trades.

There's an outline of benefits as summarised on the website:-

* Calculates Trade size from account balance automatically.

* Will compound Trade size as account balance grows.

* Places all pending Trade grids automatically (up to 200)

* Provides Boundary stop loss protection in the advent of prolonged client failure (No Longer needed, as every trade has attached protective stop)

* Automatically hedges Trades when Price movement exceeds set Trading range (No longer needed, as RangeTrader-P2 calculates new Range every day and Transitions Trades accordingly).

* Automatically replaces exited Trades when required.

* Now uses a series of Trade grids spread over a Daily Trading range to capture both trending and Re-tracement trades.

* Now designed to Trade the top currency pairs (although particularly good with the EUR/USD)

* Client side processing reduced. FellowTraders servers process the data needed to calculate each Days Trading Range.

The part that is actually enticing me especially I think is the basis that Forex Range Trader is touted as an 'automated' program.

Anyway, I decided to PURCHASE the EA!!!!

Well, surprisingly enough I have done an about face and turned into a believer (at least with Forex Range Trader).

Check it out yourself now, Download Your Own Copy of Forex Range Trader and get it on your desktop in 60 seconds….No Sweat!

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