Sure Forex Breakout System

This is a no-nonsense, no-hype manual system, “what you see is what you get” style, and at a sensible price ($49). Interestingly, the site states that it can be traded with only 15 pips stoploss (and 75 pips take profit!).

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Profx (from ForexEASystems)

Written by Daddy Forex

ProFX comes from ForexEASystems who have a professional business like web site that seems to give the perception that they produce quality products.   We have had many good reports from members both experienced traders and newbie’s.  Read more about Profx (from ForexEASystems)

Rebellion Results

 An update from Daddy Forex:

Further to my previous updates I have refined my trading strategy.  I have found a stop loss of around 30 plus pips allows the trade to breath it is tempting to reduce the stop loss under flat conditions but this seems to produce more losing trades.  The strategy I am using seems to be working producing 70% winning trades average.   Read more about Rebellion Results

Forex Rebellion – DaddyForex Update

Since the last article I am now trading on the 60 min time frame which has produced a lot more trades sometimes you get up to 10 notifications at a time.  The most important factor is to keep an eye on the stop loss.  As the trade goes with you I adjust the stop loss in two steps to the opening price so as to reduce and eliminate losses.  Care has to be taken not to reduce the stop loss to such a degree that the market cannot breathe thus missing out on winning trades.  By adjusting my strategy I am finding that I am getting 5-7 winning trades out of ten.  I am using the target 1 point 5 exit strategy I set my stop loss at e.g. 40pipsand take profit to 1.5 times the stop loss.  A 40 pip stop gives me a 60 pip take profit plus the spread e.g. 2 pips which makes a take profit of 62 pips.  I have increased my risk by trading at 0.2lots.

~DaddyForex

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Forex Rebellion

Reviewed by “Daddy Forex” – System Tester

Russ Horn gives us a really comprehensive account of his background and how he got into trading. He takes a responsible approach to introducing trading emphasizing the pitfalls as instead of the ‘Never Never Land’ approach that many vendors seem to employ.

The package comes with a 96 page eBook that is reinforced with a series of 5 minute video’s that back up and provide further examples of setup and how to use the system. It was an interesting and relatively painless process for the beginner.

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The Importance of Having a Strategy

Trading Forex is not an easy game. Unless you are truely remarkable, i would not expect anyone to be able to jump in there and start trading anyhow they like and return profit. Perhaps for a week, maybe even two weeks- but in two months, two years, where will they be? 

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