Forex Tracer
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Originally Forex Tracer became an overnight sensation. It is another automated EA (expert advisor) designed to plug straight into the MT4 (MetaTrader4) platform. Essentially, you plug Tracer into the platform and leave it running without any intervention on your part. It's 100% on auto-pilot.
The creators have optimized the software to work on the EUR/USD and report the best results on the 30 minute chart. They claim a profit of $335,000 over the last year and have proof of this revenue on their official website.
Go to the official Forex Tracer site
The creators have optimized the software to work on the EUR/USD and report the best results on the 30 minute chart. They claim a profit of $335,000 over the last year and have proof of this revenue on their official website.
Testimonials
"I have been using this EA for about 2 weeks as well but come to a different conclusion. Many of the trades have only taken a few hours and have all been profitable except for one draw down. Whenever this happens, I just manually close the trade and wait for the next one."
Portion of actual user review from forexpeacearmy.com
"I have DOUBLED last weeks profits! I started at $5,000 initially and ended up making over $10,000 in profits using the Forex Tracer. Why wouldn't you want to use this?"
Portion of actual user review from goforextrade.com
"I've used Forex Tracer for some time but I wasn't impressed with it. It can be profitable for some people, but this system is risky and only works well on EUR/USD."
Portion of actual user review from forextopten.com
Our Verdict
If you've read any of our other reviews you will know that we here are Forex Product Expert aren't HUGE fans of this type of software. That isn't to say there aren't gems out there, it just seems to us an unnatural way to trade forex.
Forex Tracer won't make a convert out of us in this regard, but it does offer some positive features. The problem is with its consistency. On our demo account it made huge gains and almost in the next breathe huge losses. If you are an experienced trader you can probably use this to your advantage and pull out at the right time, but this will involve some manual work which unfortunately the system was designed to avoid.
As an example, the official site states an average stop loss of 250 pips and the average target price is 30 pips. These risks are incredibly high and while it could pay off big time, it could also backfire just as big.
So, should you buy Forex Tracer? By all means try it out on a demo account first and see if its for you. I do think there is potential here but it won't be gained by leaving the system on complete autopilot.
Go to the official Forex Tracer site
Forex Tracer won't make a convert out of us in this regard, but it does offer some positive features. The problem is with its consistency. On our demo account it made huge gains and almost in the next breathe huge losses. If you are an experienced trader you can probably use this to your advantage and pull out at the right time, but this will involve some manual work which unfortunately the system was designed to avoid.
As an example, the official site states an average stop loss of 250 pips and the average target price is 30 pips. These risks are incredibly high and while it could pay off big time, it could also backfire just as big.
So, should you buy Forex Tracer? By all means try it out on a demo account first and see if its for you. I do think there is potential here but it won't be gained by leaving the system on complete autopilot.
Specifications
| Format: | Automated Software for MetaTrader 4 Platform |
| Delivery: | Instant Digital Download |
| Price: | $137.00 |
| Warranty Information: | 100% Money Back Guarantee |
| Created By: | Unknown at this time |
| Customer Support: | Email Support |
| Official Site: | www.forextracer.com |
Customer Reviews
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Go to the official Forex Tracer site
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