Forex Tracer is an automated Forex trading system, or Forex robot as they’re often called. The basic idea is that Forex Tracer provides a hands off approach to trading currencies without requiring you to be an experienced trader.
Trading robots are complicated software designed to put an expert trader’s mental reasoning, knowledge and experience into a mechanical system that afterward requires no experience to use. It’s like giving your money to an expert money manager, you do it because you know he knows more than you do.
As with many of the Forex robots these days Forex Tracer uses the free Meta Trader 4 trading platform to accomplish this.
Does Forex Tracer Work?
Like choosing a money manager, you need choose your forex trading robot carefully. Fortunately, for Forex trading robots developed for the free Meta Trader 4 platform, it’s fairly simple to perform historical tests with the robot. By having an idea of how it performed in the past we can make estimates of how it might perform in the future.
Unfortunately most trading robots are reckless failures but, like many competitive endeavors, there are always a few winners that rise to the top, and Forex Tracer is one of them.
Forex Tracer 5 Year Test (Full Report)
Using Meta trader 4 I performed a 5 year historical back test using the most accurate setting for modeling the tick data and found the following results
- 233.5% return over 5 years
- 92.6% of trades were profitable
- Average consecutive wins : 13
- Average consecutive losses : 1
- Maximum Drawdown : 20.8%
Forex Tracer has a very high percentage of 92.6% profitable trades as well as a respectable maximum drawdown of only 20.8%.
Unlike some other forex robots, Forex Tracer does use protective stops to help protect your capital. This doesn’t mean there won’t be losing trades once in a while, but with a maximum drawdown of only 20.8% you know it’s watching out for your money! In case you’re not a trading system developer, a maximum drawdown of 20% is pretty good for a trading system with such a high winning trade rate.
Forex Tracer Recommendation
There's a lot of psychology in trading and as a consequence different trading systems will work (or "fit") one person better than another. The only way to know if Forex Tracer is the right trading system for you is to try it out. That's what the 60 day guarantee is for!
No matter how many reviews I read on a particular trading product I will never have the same confidence that I get from actually testing the product myself!
So give Forex Tracer a Risk Free try and decide for yourself. This is how easy it is ...
- Buy Forex Tracer
- Open a FREE paper trading account (fake money account explained in product instructions)
- Paper trade the account until you're comfortable. That's what the 60 day guarantee is for!
- Watch your account grow!
- If you’re happy keep it, otherwise return it
- The 60 day Guarantee and paper trading lets you test drive Forex Tracer allowing you to make your own decision without risk
