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FOREX SLASHER

 

Price: $97.00
Optimism Rank:
Sold by:   ClickBank





Description:

Forex Slasher is recommended to run on the M15 or M30 time frame of EUR/USD. It uses stop loss and limit orders, and is not compatible with the new NFA rules.


Scott's Notes (November 11th, 2009):

With one of the bloodiest Forex websites I have ever seen, I never expected the Forex Slasher to actually work. But surprisingly, after about 2 months of testing, it is coming out on top with impressive results on some pairs (including EUR/USD). It's still too early to determine long-term profitability but we look forward to watching this "horror" trade for months to come.

After seeing it trade through December, only taking 2 trades on M15 and 2 trades on M30, I am having second-thoughts about profitability and am lowering the rank to 2 stars. We'll continue to watch it.


Links:

Account Updates and Memos

05/26/10 - Update:
The FXDD demo accounts expired and we have decided to stop all testing of Slasher. Here are the overviews from the old demo accounts:

M15 Recommended Pairs Demo:
Traded 12/4 - 5/21, 30 trades, 73% Winners, +122 pips

M30 Recommended Pairs Demo:
Traded 12/4 - 5/21, 15 trades,67% Winners, -29 pips

12/04/09 - A new demo account was created:
Old FXDD demo account expired so we had to create a new one. Here are the overviews from the old demo accounts:

M15 Recommended Pairs Demo:
Traded 9/2 - 12/1, 17 trades, 82% Winners, +434 pips

M30 Recommended Pairs Demo:
Traded 9/2 - 11/26, 9 trades,67% Winners, +92 pips

12/02/09 - Please note: After testing Slasher on all M30 currency pairs for the past 3 months, we concluded that the system simply does not work very well on all M30 currency pairs, and have decided to cease testing. Here are the final results:

Traded from 9/02/09 to 12/01/09
Total trades: 121, Total pips: -240
Account started with: $100,000, Account ended with: $97,701
Pairs traded: All currency pairs, Risk setting traded: 0.1 fixed lots