A Mechanical System That Really Works or Just a Scam ? Apart from the launch of the Fap Turbo robot, the launch of Forex Avenger was probably the biggest event of the 2008 year in the Forex trading community. The creator of Forex Avenger promised to bring us a trading system that is entirely mechanical with step-by-step, easy to follow instructions and an average success rate of 75% or higher. To find out if all the hype about this system was true, I decided to buy the product and test it myself.
Forex Avenger Did Forex Avenger deliver on its promises? It certainly did..see my full review below for more information. A mechanical system that consistently makes profitable trades is what most Forex traders are after. It is a known fact that even a system with a consistent success rate of 50% can make you money if you use good money management techniques to minimize losses and maximize profits. However, purely mechanical systems that make consistent profits are surprisingly scarce and finding a trader who makes a living from such a system is even harder, but Dave Curran is one such trader and Forex Avenger is the exact system that he uses to make a full time living trading the Forex markets. Forex Avenger is a mechanical Forex trading system that uses easy to follow technical indicators to determine when to buy or sell a currency pair. The system requires absolutely no discretion and the entry/exit rules are completely mechanical, so it is virtually impossible to make a mistake. Click Here to Visit the Forex Avenger Homepage
What does Forex Avenger Consist Of? Firstly, it is important to note that Forex Avenger is not an automated trading system like Fap Turbo, it is a manual trading system that can be used with any broker, on any trading platform. When you purchase the Forex Avenger product you immediately gain access to the full system, which consists of an 87 page ebook in pdf format, various videos and a number of bonusses. The ebook contains a detailed introduction to Forex trading of around 40 pages, which can be skipped by experienced traders. The core of the Forex Avenger system are made up by the following components:
The Forex Avenger System The main Forex Avenger system trades the EURUSD currency pair on the 1Hour timeframe. The system uses 2 standard indicators to determine entry signals and there are 1-2 trading opportunities every day. Exact profit targets and stop loss values are defined, so once a trade is entered you are done with it until either the stop loss of profit target is hit. One advantage of this system is the fact that you can see when there won’t be a trading opportunity in the near future, so you don’t have to monitor the hourly charts constantly. This system only requires you to look at the charts once every hour, at the close of the hourly candle. The Set ‘n Sleep System The Set ‘n Sleep system uses the same indicators as the main Forex Avenger system, but on the daily charts and a slightly different entry strategy is used. Trading opportunities don’t come often with this system, but all the major currency pairs can be traded, which should present around 2-3 trading opportunities per week. While the main Forex Avenger system requires some attention during the day, the Set ‘n Sleep system is ideal for the part time trader that can only trade after hours. This system only requires you to look at the charts once a day. Training Videos The videos included with the Forex Avenger packages are very detailed and really teaches you everything you need to know about the system. The video series starts with a good introduction where Dave Curran talks a bit about his history as a trader and how the Forex Avenger system was invented. Each of the systems above are then explained in great detail and various sample trades are performed. If you prefer watching video over reading an ebook, then the videos will teach you all you need to know about the system. Click Here to Visit the Forex Avenger Homepage
Is Forex Avenger Profitable? I have spent a lot of time backtesting this system against historical data and so far I am VERY impressed by the results. Both of the trading systems inside Forex Avenger are completely mechanical and incredibly accurate. The success rate is consistently around 75% and I can easily see how it is possible to achieve the kind of profits that are advertised. I am very excited about forward testing this system and hope to start posting results soon. Check the Forex Avenger category of this blog for my latest feedback.
Conclusions and Recommendations Once you start watching the Forex Avenger videos you quickly realize that Dave Curran is very passionate and proud of his system and that this is not just another hyped up scam that doesn’t deliver. This system caters for both the day trader as well as the part time trader and if what you are looking for is a simple, mechanical trading system that makes consistent profits under any market conditions, then Forex Avenger should be one of the top systems on your list to investigate. Click Here to Visit the Forex Avenger Homepage
This system is based on a poor money management and there is no confience to follow that . Share Helpful. Rob, texas, Nov 20, 2008, Guest . The last 8 out 9 trades were winners using this forex avenger method.Maybe i'm just lucky time will tell .It also works well with the usd/chf pair. Share Helpful. Ken Long, Cambridge, MA, Nov 2, 2008, Guest . This is not the same peson as the AutoCashRobot ... Automated Forex Trading Systems - Forex Avenger. By Mark Crown Submitted On November 10, 2008. Essentially foreign exchange or forex is trading of one type of currency for another. It is the corner stone of international financial trading. A huge amount is invested daily in the forex , about $3 trillion dollars. The stock exchange market is different from forex trading because in forex ... Learn how to trade Forex with Forex Avenger by Tradeology. We've helped thousands of people learn to trade over the past 20 years. Forex Avenger gets over 25% profit per month with only 10 minutes a day needed to follow the easy 3-step system & you’ll know what prices to enter & exit. Trade confidently & easily with Forex Avenger. Forex Avenger teaches you the right trading discipline to maximize your profits & minimize your losses. See people’s video testimonials here. Forex Avenger is a 100% Mechanical System. This means all you need to do is learn the rules… and then FOLLOW the rules. You don’t have to think about, or guess… just look for the right conditions to get into a trade and then make the trade like instructed. Consistent Profitability. Wouldn’t it be great to make a million dollars overnight? Of course it would, but REAL money is made by ... David Curran - Forex Avenger Trading System (forexavenger.com). Bonus Course, Trading, Trading System, David Curran, Forex Avenger. David Curran - Forex Avenger Trading System (forexavenger) Dave, “never worked in a bank” or “in a fancy brokerage” and “barely finished school”. But, he is a “Self-made Forex genius” who “tells all” about his “3 step mechanism to trade the Forex market – Industry labels his astonishing discovery: The Next ...
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