Hi there! I am Ryan, professional forex trader from Berlin, Germany. My freinds amateur traders always asked me to recommend them good forex signals because you know we are all too lazy to analyze the market trends ourselves: boring technical and fundamental analysis and things like that.. So finally i got fed of these requests and decided to make a report summary on each top trading system I used to found so fellow traders dont have to search everywhere for the information. To my suprise I have found that most of the signal providers are just mere get-rich SCAMS, promising high profits with no proof and fake reports! So be careful and always read my short reviews before ordering such services.
Tested Result: 812 pips
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Updated: June-2008
Profitable: 8.5/10 Bonus Value: 3/10 Results: 5/5 The Good: They made really working Expert Advisor The Bad: I guess the bonus ebook is not for rockie traders, just for beginners. |
REVIEW: Last week I bought ForexAutopilot package, it is new system from Marcus Leary, forex trader. the system is a nice set of expert advisors that trade forex on your account. yes, i know there are too many crap expert advisors that never work or work only for short period of time (for example only in trendy market). I expected the same from this one and did not expected too much from it.
To my suprise when i started to backtest this Forexautopilot on history i was amazed with results. Advisor made over 250% in 2007 trading 1 lot! and the most important - it never lost the deposit even if I backtest in in 2001-2006! that's a stable one. looks like Marcus did a good job optimizing it.
Update I Decided to run it on my real acc. will keep you informed and report about results next month...
Update After few weeks of tests and live-account trading i am really excited about it. Also check out my friend's live account results on youtube video:
Update June 2008 In June Fap Team released the new version of their great ForexAutopilot EA! Well done guys! new version has all the features enabled, it can now open several trades at the same time, work with other EAs and manual trades, use the trailing stop!
Great guy and professional trader Charles A. Foyd II few months ago opened friendly FAPUG group with perfect support for all FAP members. It has now over 400 members. You can join it here and get help and peiece of advice on FAP and FAPTS system:
Click to visit FAPUG
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Tested Result: 810 pips
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Updated: May-2008
Profitable: 7.5/10 Bonus Value: 4/10 Results: 4.5/5 The Good: The sofware REALLY works! Simple but True! The Bad: The bonus books are too simple and not very detailed, maybe good only for newbies, not for experienced forex traders. |
REVIEW: Few weeks ago I found the site of Forex-Killer.com telling me that experienced forex trader Andreas Kirchberger developed "super profitable system generating forex signals for you". I decided to give it a shot. After purchase I got the downloading link and received the Zip archive containing program with several instructions ebooks. First impression was rather bad - the program looked too simple and the bonus "Forex Learning book" was not detailed enough for me because i am a rocky trader so I was very sceptical about it.
Anyway I decided to give it a try on my InterbankFx demo account the same day.
First trade was loosing -30 pips, got the stop loss. But I did not give up and continued my test. I was really suprised next day after checking my trades - signals are really working for me! 3 of my trades for EuroUsd and USD/JPY were in profit with total more than 280 pips!
I think using proper money management your can get good results with forex-killer signals.
Update Not long ago they released new version ForexKiller 2.14. I really liked this update, software got a lot of enhancements in interface and more accurate algorithm based on neuro systems. Now I can load the data easily from Metatrader without need for manual input. the effectivity is still high for me. Last week +178 pips on euro/usd and this week i gained +216 pips in 12 trades. not bad.. I will keep you informed on my progress..
Update 2008 The more i trade forex killer the more i like this system. last month was really profitable for me, +270 pips really impressive.
Update March 2008 Good news from Andreas. They released new version 3.32 with pretty features such as trend analyser and money manager. FK is becoming powerful trading tool.
I have found really nice blog by Lloyd, forex trader, here http://autofx.blogspot.com/ - he is providing FK winner strategies and trading himself with impressive results (Up-to-date: +760 pips)
Update May 2008 My great friend Mark Larsen have published his video Review of Forex Killer "Is forex killer scam or real deal?" - check it out on my new Video Review page!
Update July 2008 I have found one more great Forex Killer Winner stategy here New Improved Forex Killer Strategy (long term trading)
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Tested Result: 412 pips
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Added: July-2008
Profitable: 7.5/10 Bonus Value: 0/10 Results: 5/5 The Good: Results really amazed me. hats off... The Bad: Hard to activate and backtest. Bad customer support. |
REVIEW: Today upon numerous requests from my readers I would like to review the EA Shark 4.0 Ultimate by ForexEasySystems.
First of all system has rather strong protection feaures and I had hard time with activation and using the strategy tester. However finally I was able to perform a backtest on history of this EA.
Results really amazed me. Take a look here.
Click to enlarge the image
System is based on signals of several standard indicators such as: MACD, Stochastic, SAR, Momentum and it uses fixed stop loss. Some people say that I am too critical in the estimations of forex systems and most of my review here are bad. Yes, I am critical because it is my work to give the unbiased honest review. However I have nothing to say bad about this unique EA Shark and its creators. Well done, guys! hats off...
Tested Result: 176 pips
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Added: March-2008
Profitable: 5.5/10 Bonus Value: 0/10 Results: 3.5/5 The Good: Good EA with honest results The Bad: Low risk but low profits, recommended for safe trading. |
REVIEW: Many readers asked me to review this website; so finally I decided to write my short review about Range Trader by Peter Parsons.
I found Peter a nice and helpful guy. His system was especially recommended for the EUR/USD trading on small lots with good number of 94% winner trades. Some time ago
he released RangeTrader-Phase-Two. You wont get 600% here but if you are looking for safe trading with low profits (from 3-15% per month) and low risk - this system could become good solution for you.
(anyway I prefer more risky systems with higher profits)
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Tested Result: 212 pips
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Added: May-2008
Profitable: 7.5/10 Bonus Value: 3/10 Results: 4/5 The Good: New EA with promising results. The Bad: Profits are bit low. The bonus ebook does not have much value. |
REVIEW: This system by Peter Larsen is rather new. I found the site a week ago and decided to give it a try.
Site looks "traditional" and does not have much to talk about. So lets get strait to system test. Forex Beater has 1 EA that uses 3 external indicators to place trades. I have backtested the system for the 2007-2008 and found its result rather promising. The beginning of the year was not profitable but the end of the year brough some nice profits.
Take a look on the backtest of Peter's system:
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Btw, if you decided to buy it try to close the page first - you will get a nice robotic chat that will offer you additional 10 bucks discount ;)
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Tested Result: testing
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Added: June-2008
Profitable: 7.5/10 Bonus Value: 0/10 Results: 3/5 The Good: Great results for 2007 The Bad: Bad results in backtest for 2005-2006. |
REVIEW: What can I say about this EA from Bogie-Enterprises. Yes, this EA can seem great on first sight. It finished in 2nd place in the 2007 Automated Trading Championship, its results in 2007-2008 with autolot are incredible. So I decided to take a closer look.
In my tests I used Bogie-NN-v8 EA. Take a look on the backtest of this system:
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As you can see this EA is well optimized for 2007-2008 uptrend but performed really bad in 2005-2006. So I cant consider this EA a universal one. It can perform really well for some period but I would not trust it as the market situation changes it can loose your deposit easily.
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Tested Result: deposit loss
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Added: March-2008
Profitable: 1.5/10 Bonus Value: 2/10 Results: 1.5/5 The Good: Site and instructions look good The Bad: Total loss: You could better flip the coin. |
REVIEW:This ForexAutoPilot EA was developed by Mark Copeland. To prevent any confusion it is just the same title, but not the same owner as FAPS system.
Mark's site looks really cool with good package green graphics and nice words about profits...Again nice backyard and luxury Bentley (that became a tradition on forex websites, I wonder why don't I have it ;)
So I got really excited about it and decided to buy the system. Instructions were pretty nice too. But what a shame, I was really dissapointed with results. Take a look on the backtest of Mark's system: 
Click to enlarge the image
It makes some profits in 2007 and then totall drawdown and deposit loss in 2008. You could better flip the coin...
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Tested Result: deposit loss
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Added: June-2008
Profitable: 2/10 Bonus Value: 2/10 Results: 2/5 The Good: Site design is impressive and great! The Bad: Backtest showed bad trading results |
REVIEW:First of all I was really impressed by the quality of the ForexTracer website design. "The guy who made such professional graphics could have really great product" was my first thought... The top "backtest" image on the website looked really promising and I decided to make a test purchase to try this new expert advisor myself.
"Too Good To Be True?" asks the creator of the new "Forex Tracer" system. Yes, too good.. Indeed the system is a total crap, as many other system available online. After purchase you get a small file with poor 1 page "instructions" + EA copy. I decided to perform a backtest to see if the screenshot on the website is fake or not. I can confirm the screenshot is not fake. The system really worked fine ... in 2007.. oh, I guess we are too late to get our millions with Forex Tracer because in 2008 the system does not perform good. And if you backtest to 2004-2006 you will also see that system was a total looser.
So as a matter of fact the creator just optimized his parameters for strong bullish trend in 2007 so it performed really well...on history.
Take a look on the backtest of Forex Tracer system: 
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To good to be true... too good...
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Tested Result: testing...
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Added: June-2008
Profitable: 4/10 Bonus Value: 1/10 Results: 3/5 The Good: Very complicated system, good tutorial The Bad: System is too complicated lol, strange results in backtest. |
REVIEW:Many visitors of my website asked me to review this Steinitz HAS MTF Robot by Donald Steinitz. To be honest I was really impressed by the quality setup process of this EA and detailed instructions PDF. The EA uses several indicators and has TONS of parameters. (!!!) I never saw such great number of parameters before, good work.
Anyway Steinitz HAS MTF Robot Backtest looks strange to me 
Click to enlarge the image
Maybe I used wrong pairs or wrong settings? I just used the default settings with recommended currency and timeframe. To be honest I gave up. I dont have enought time to optimize tons of settings of this complicated system when I have a lot of other good profitable systems to use. I would say this Don Steinitz's system is too complicated for ordinary users like most of the fellow traders..
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Tested Result: 80 pips
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Added: 1-10-2007
Profitable: 5.5/10 Bonus Value: 2/10 Results: 3.5/5 The Good: System has several advantages such as universality for different pairs and markets. The Bad: The bonuses are just free courses that can be found in the internet. |
REVIEW: The TrendForex Systems was made by trader John Chen. First impression here was also really bad, I did not like their site with HUGE red fonts and anoying POPUP that I even could not maganage to close.. and again long text about "super-powerful system" and stuff like that. But when I finally ordered and downloaded it, i was satisfied enough with it. TrendForex System Identifies the trend and can work for forex currencies and futures. After reading more information i found it rather "easy-to-understand". System gives clear entry and exit rules as well and can be applied for all timeframes and all currency pairs, futures, stocks, and indices... (as they claim, but of course i did not tested that because i trade only forex you know). About results here - they did not impress me too much, got the weak trend with small profit the next day I use it. The system is rather time-consuming for me.
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Tested Result: 110 pips
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Added: 12-10-2007
Profitable: 6.5/10 Bonus Value: 2/10 Results: 3/5 The Good: They have private forum for discussion where you can exchange opinions The Bad: The bonuses are not real bonuses they just complement the package. Profitability is not high for me. |
REVIEW: The expert-forex-systems site looks rather good with simple conception and clean text. The traditional popup was easy-to-close:) After reading tons of traditional junk about "incredible system" I decided to give it a shot. The most interesting fact for me was idea to provide real private forum for customers where they can exchange opinions, discuss the system and its parameters and maybe help each other. Lets get back to the system itself. It is divided into 2 systems that complement each other. The bonus is an integral part of the package (helps you place the trades). Hoowever you need to trade via the Metatrader software oherwise it's useless. The first day was bad.. i ended up -50 Pips. 2nd day i struggled as well trying to break even my loss. -10 pips. Recovered a little the 3th day. And at the end of the week i managed to get into plus +10 pips. Hopefully finally I got the profit +110 pips. So the system looks rather risky for me.
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Tested Result: 74 pips
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Updated: 7-03-2008
Profitable: 6.5/10 Bonus Value: 2/10 Results: 3/5 The Good: Really old system proven by time, updated often! You generate your own signals. They give you demo to download The Bad: The system is rather expansive and not easy to follow. |
REVIEW: Forex-MHV is rather old system. Indeed they have 2 system, the 171322182723 formula, which performs pretty well for a very simple system, and the DIMONX6 system, the range trading system. They offer 2 strategies for Dimonx: Five days of trading per week and Three days of trading per week.
As I noticed forex-mhv was "out of service" for a long time and now they are back with new version again. I am going to test this new version and report about results in nearest future.
Update Finally i noticed that formula171322182723 sometimes really generates few good signals, but DimonX does not work for me at all. Also the site was moved to filedepot.eu/fx/ new link
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Tested Result: margin call :(
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Added: 15-11-2007
Profitable: 5.5/10 Bonus Value: 7/10 Results: 3/5 The Good: System is well-known and has professional support and conferences, detailed manuals The Bad: I think you could better make money on reselling it by MLM scheme rather than trading itself..Just my opinion |
REVIEW: Freedomrocks is old well-known system. Site has good flash presentation about trading idea and business concept (reselling of software by MLM mechanism. You can also subscribe to member's area and pay monthly fees. Ok, i read a lot of good and bad reviews of FreedomRocks and decided to test it myself. I got subscribtion for 1 month here. Inside member's are I found portfolio manager and allocator and a lot of useful links to broker comparisons, detailed manuals and also they hold audio conferences. The idea of system is easy - you open 2 orders at the same time for 2 cross currencies that correlate each other, for example Euro/USD and USd/CHF. If one goes up, other goes down in some correlation, so in some periods you should be in plus. My first trade was really profitable, I made over 560 pips in 1 week and decided to close the trade. But second week was really owfull for me, my trades went to huge minus and finally I got margin call after 2 weeks of staying in huge drawdown. So for me this system did not work, maybe I opened my trades in "wrong place in wrong day". I'd better say you can resell it and make money without risk ;)
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Tested Result: poor :(
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Added: May-2008
Profitable: 1.5/10 Bonus Value: 3/10 Results: 0/5 The Good: Site looks great and has many features. WSS gathered large community of traders. The Bad: System is a total loser. Nearly all months in 2008 are losers. |
REVIEW:First of all I would like to say few positive words about this WSS project. The site looks great and has lots of good features, such as private forum, chat discussions, free Forex Tutorial Resources and much more. Admin gathered a great friendly community of traders (over 4000). It is well organized and has a nice support team.
The only problem here is the system itself. WSS system showed some good results in the past (you can see their way to million from 1,000 usd starting from 2006 in the results section. But it turned out to be a loser in 2008. Nearly all months are not profitable. I heard they are thinking about changing the system now but i guess it is too late. With such high price ($199 membership) it is not worth its money.
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Tested Result: +80 pips
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Added: 11-10-2007
Profitable: 6.5/10 Bonus Value: 7/10 Results: 4.0/5 The Good: 5emas system showed rather good results for me The Bad: The system is rather complicated and I guess not easy for newbies. |
REVIEW: 5emas site is rather simple and clean, not overloaded with bulshit and junk text, just main points and features, I like that stuff. The program works, quite good actually. But its also complicated to get into. You have to take the necessary steps to understand forex to its core. I suggest you take a free forex course before you try this one out. The Bonus books are a nice read. Im a big fan of the "art of war". Have read it in college and it was nice to check it out again ;) After a week of trading i managed to get a nice +80 pips. Profitable. There is not much good out in the web so I`m generous about it and give it a 4 out of 5 stars.