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Forex Funnel -
Overview - Does Forex Funnel Work?
The Forex Funnel expert advisor has
hidden set code that determines positive open and close signals in
the market. The robot is for use with the Meta Trader 4 platform so
most should be comfortable using it.
This particluar piece of software has
been fine tuned for the USD/JPY currency pair [that's US Dollar &
Japanese Yen just in case!] and it is most effective on the hourly
time frame.
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"I’ve been using Forex funnel for few weeks, and I think it’s
a good robot. Perhaps somewhat aggressive but good." |
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"Bought this EA 3 weeks ago, very impressive Robot, returns
for 2 weeks has been 30%, unfortunately is very aggressive," |
Like the Forex Boomerang that we
reviewed recently, the Forex Funnel is neither a short term scalper
nor a long term trading bot. It sits comfortably somewhere in the
middle aiming for profits of 100 pips per trade.
The most unique feature of the Forex
Funnel is its exponential trading pattern and money management. This
design seems to be paying off very well so far in our tests and
simply doubles your trade size on each subsequent trade until the
market conditions signal the robot to return to original trade size.
So for example if using 0.2 lots, your next trade will be 0.4 then
0.8 and so on until the market indicates otherwise. This is all done
automatically and it is good to see some innovation from a Forex
product for a change. However, the flip of his coin really means
most traders should use Forex Funnel with micro accounts due to the
progressive increase in lots in addition to a good bank size in your
account.
Obviously with time and your bank
growing you can increase the settings to a higher level but we would
suggest starting small with this expert advisor. Having said that we
are confident it will continue to perform well and see no major
concerns with it. In fact our account is currently sitting 85%
larger than it was 8 weeks ago. Bear in mind that the wins are big
but so are the losses.
The cost of
the Forex Funnel EA
is $137. We always recommend that you can trade using a demo
account first with any Forex robot to get used to it before trading
real money.
You can find more information on the
Forex Funnel at
their website along with live test
results click
here.
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"The
only reason I could see that you wouldn’t profit from this
system is if you were not following there money management
rules." |
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