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A Review of The Forex Killer Forex Trading System

November 5th, 2007 · No Comments

Forex Killer Box

If you’re looking for an automated, forex trading signal generator that can help you improve your forex trading results, you’ve got to check out the Forex Killer Trading System.

One of the greatest problems that traders face is deciding when to enter a trade. This indecision as to whether the signal is “right” or “wrong” causes an incredible amount of uncertainty which can cause you to miss highly profitable trades!

With Forex Killer, you get a completely unbiased, automatic and mechanical trading signal generator that removes any uncertainty from taking a trade. This means you no longer will have to wonder “if only” you had taken that trade that blasted sky high into profits.

There’s no more guessing whether you should take a trade because your trading system is completely and totally generated by the Forex Killer software. It’s unemotional, it’s unbiased, and it can be highly profitable for you.

Whether you are a day-trader or position trader, the Forex Killer System works great in finding you profitable trades to take. With the probability calculator, you can decide to take only trades that have a 70% or higher chance of being profitable!

By doing so, you are already using statistical analysis to put the odds in your favor. It does mean you might have to pass on some signals, but hey, you can still confirm those lower probability trades with any other filters or indicators you have. However, Forex Killer already takes a major load of finding profitable trades off your back!

Emotions are a tough thing to conquer, and it’s the bane of many traders who could have gone on to make hundreds of thousands of dollars from trading the forex markets.

I’ve found that the Forex Killer can and does remove emotion and guesswork from trading, and when used right you can make hundreds of pips a month. Just check the trading results that Andreas and the Forex Killer team make every month!

With your purchase of Forex Killer, you get upgrades FREE for life. I’ve already upgraded my version twice, with improvements in the software each and every time.

What is the Forex Killer Trading System?

Forex Killer is a trading software developed by Andreas Kirschberger that uses statistical analysis to come up with trades that give you the best probability of profits.

To find out if you have a trade, you simply just input the last 10 closing prices of whichever time frame you are trading in. Click on Calculate to get a trading signal, and the algorithm will give you one of the three following signals:

  1. Buy
  2. Sell
  3. No Trade

When you get the signal, you simply open a trade in the direction that Forex Killer tells you, place your stop loss and your profit target. All you have to do next is to trail your stops and wait till you hit your profit target or get stopped out!

Here are some trades that Forex Killer identified:

A signal to BUY was generated on the GBPUSD 4H chart, and after opening a trade you would have been taken on a hugely profitable trend for almost 300 pips profit!

Here’s what happened after the signal was given on the GBPUSD 4H chart:

Forex Killer GBPUSD 4H

Does the Forex Killer calculator work every time? No trading system does that, but it definitely is a great help in finding mechanical entries that leave no room for guessing. There’s no discretion, and that’s really useful to many traders who have a hard time with discretionary trading.

Here’s another trade that Forex Killer identified for me:

This is a screen shot of Forex Killer Version 2.14 as of 27th December 2007:

Forex Killer Screenshot v2.14

The data for the above screen shot was taken at 27th December 2007. The result from that signal is shown in the next screen shot, dated 15th January 2008.

Forex Killer EURUSD Daily 20080115

Work You Still Have To Do With The Forex Killer Calculator

Once a signal has been generated with the Forex Killer, you simply open a market order with the recommended stops and profit targets for the time frame you’re trading in. It can be from the weekly charts all the way down to even the 5 minute charts.

If you want more action, go down to a lower time frame. If you want to trade in a more relaxed manner, trade on a higher time frame.

While the Forex Killer is great to use for beginners, experienced traders will love using it to find trades into big killer trends. You could use Fibonacci Retracements and Expansions to find stop loss levels and potential profit targets, giving you larger profit targets and bigger profit potential.

Forex Killer definitely simplifies trading for those who want a mechanical trading system, while allowing experienced traders to enhance profit potential by adjusting profit targets in larger trends.

One of the best things about having the Forex Killer is you just pay a one-time fee to purchase the software (with lifetime free upgrades). You don’t have to pay monthly fees for subscriptions to trading signal providers anymore!

Will Forex Killer Work For You?

Forex trading has the potential to make a lot of money with very little work, and Forex Killer reduces that workload even further. If you want a mechanical forex trading system, you have found one in the Forex Killer software.

You can even use it to confirm trades on your existing forex trading systems. :-)

The Forex Killer is one of the simplest mathematical forex trading system software I’ve seen, and it’s a very good tool to have in your trading toolbox!

Click here for the Forex Killer Trading System

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