Subscribe to main siteHere is my second forex killer review after the recent software update to version 2.14:
About two weeks ago, the developer released a new version of the forex killer signal software. I believe he wanted to improve its original signal algorithm to even better after seeing some tremendous sales within the first month of its launch. I totally agree with the improved functionalities to simplify the data input process, but somehow I become unfamiliar with its updated signal algorithm as I am not able to justify/understand its signal-generation process.
H1 Breakout System
I like forex killer signal software at first sight because its original entry system or algorithm is quite similar to my own forex system. Its algorithm basically strikes a cord with my forex trading approach, i.e. finding a breakout + trend following + using H1 chart. This system is very useful and has been a success to me in the past.
Testing of New Signal Algorithm
Knowing the system's great potential and since the forex killer algorithm (which based upon this approach) is easily available in the public domain, I have started running another blog to recommend this trading approach to anyone who is interested and willing to invest in the forex trading. At present, the new signal algorithm appears to be different from the original one. Therefore, I am no longer sure what the current trade entries are based upon, but I know them well previously (e.g. here, here and here).
Two Instead of One?
To be fair, I have already applied the new algorithm in my trial and so far the results are mixed (see here, here and here). And to the developer's credit, I can understand why he wanted to improve the signal software and also believe in his reasonings for the update. But please bear in mind that no system will ever satisfy every end of the market conditions. Therefore, I shall find out in the next few days on how to best use the 'two' forex killer software. And btw, I still prefer the old signal algorithm due to its simplicity and effectiveness.
(If the first software version is not included in your recent purchase, simply send me an email to let me know.)
Related posts:
Q & A with Andreas Kirchberger
A Simple Forex Killer Day Trading Strategy
How to Cope with Price Volatility and News Event
8 comments:
How can one backtest without having to place prices manualy which is time consuming?
I use the MT4 but gives me latest live prices only. Is there a way to feed older prices?
Also the Mt4 autoload fills the lower space for long term with the same prices. One has to place the important peaks and valleys manually?
For testing purposes I have been taking trades on the majors around 9GMT, no significant profits yet (break even).
Can you suggest sessions, times, timeframes, and pairs that have worked best for you or the majority of users? (Will save hours of testing)
I have a feeling it is a more trend following system and doesn't work so well in consolidation..Is this true?
Hi Alexis,
I'm not aware of any backtesting feature of the software. I also trade major currency pairs on M30 and H1 timeframes with good return in the previous 2 months. I think the software's latest neuro algorithm is more than a simple trend following method. In my experience, it also works well for price breakout.
David, No PROMOTION LINKS! I removed your post and requote the important bits.
Quote from David Tube:
---------------------------------
You can backtest for free using data from http://www.barchart.com
Simply find the currency pair you're interested in under the forex link, then bring up its chart with the chart link. You can test it with many timeframes. And their data goes back to over a year.
To get the data from the chart, simply hover your cursor over the chart, along the bar which corresponds to the day, hour, minute, etc. you're interested in. The data pops up at the top of the chart.
I can save you the trouble, though. I back-tested the software for almost a year and found that it is right less than half of the time- something around 30%. In other words, it fails about 70% of the time, for every time interval.
It is a total scam. And getting a refund out of them is extremely difficult. Unbelievable scam! Sorry.
I suggest these alternatives:
XXXXX
XXXXX
XXXXX
XXXXX
---------------------------------
This is from me:
I also share your concerns. Please check out my personal info for my site readers only - how to work/ gain a trading edge with a simple (and in your term - failed) signal software tool:
>> Creating Value (Knowledge) Out of Ordinary
>> Tracking FK Peformance since 18 Oct
>> A Simple Trend-Following / Forex-Killer Day Trading Strategy
>> How to Cope with Sell-Off & Poorer-than-Expected News Data
Lloyd
Have I just read the above correctly? Are you saying that the Forex Killer software does not work?
I was about to buy it when I dropped on your website and read the post from David Tube.
I would really appreciate clarification on this please.
Yup, the Forex Killer is a total scam. It doesn't work. It's a complete waste of money.
I found much better strategies that do work, and I'll try to post a couple here.
The Asian Session Breakout method is the best I've found so far, in terms of accuracy and profit potential. The second best method I've found is the Weekly Scalping Method. I'm still testing this method right now and it does seem to work.
However, it seems to require more capital, as you can suffer a large initial drawdown before the weekly trend turns in your favor.
I found the weekly scalping method for FREE at the Forex Factory Forum- http://www.forexfactory.com
I paid a little bit of money for the Asian Session Breakout method.
Asian Breakout Method:
Find the low and the high during the Asian Session, using the GBP/JPY currency. The Asian Session is from 7pm-3am EST. But make sure not to use the 3am candle. You want to use the candles of 7pm to 2am EST.
Then, at 3:01 am, you place an entry order to sell 10 pips below the low, and another entry order to buy 10 pips above the high. Use a 40-pip trailing stop. If your buy order is triggered, cancel your sell order. If your sell order is triggered, cancel your buy order.
If neither trade is triggered after 90 minutes(4:30am), cancel both orders.
Do this every day. You can get several 100+ pip moves in a month with this method. And the times when it doesn't produce a profit will usually get you out at break-even, using the 40-pip trailing stop.
So over 80% of the time you'll either bank a profit, get out at break-even, or not have a trade executed. The other 10-20% of the time you'll have a small 40 pip loss.
And it only takes an hour a day of your time!
This is a super method!
Weekly Scalping Method:
Open a weekly chart for any currency on Sunday night. Find the previous week's close price. Place a Buy order 50 pips above the previous week's close price. Place a Sell order 50 pips below the previous week's close price.
If your Buy order is executed move your Sell order to the previous week's close price. If your Sell order is executed move your Buy order to the previous week's close price.
Let your trade run for the entire week, without using a trailing stop. Close your trade 30 minutes before the close of the week's trading session, which would be at 3:30pm EST on Friday.
Some people suggest using a Fixed stop-loss of 30 pips or more, placed on Sunday night. But I've found that this just gets you stopped out before the weekly trend gets going. The better thing to do would be just to check your trade each day to make sure you're on the right side of the trend. The trend is usually pretty developed by Wednesday.
You can make hundreds of pips per week with this method, for each currency. And it takes minimal time to run, not more than 10-30 minutes a day. I heard that some professional hedge funds use this method.
I've been having really good results with it in my Demo account so far.
No promotional links.
Guys, I considered myself a lucky one who was able to tap into the potential of forex killer signal software. Persistence was the key. With this blog, I was able to constantly review my strategies and results.
I am currently sharing my unique day trading method as well as providing LIVE trade setups to my site members.
Hello Ya'll,
Below is a list of the highest ranking forex brokers:
1. Best Forex Broker
2. eToro - $50 minimum deposit.
Here is a list of the best forex tools:
1. ForexTrendy - Recommended Odds Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
Hopefully these lists are benificial to you.
Post a Comment