Forex Funnel Website

I have personally been testing the Forex Funnel Expert Advisor for the past month on an Alpari MT4 Trading Platform. Following a slow but steady start it has now gone into overdrive.

Forex Funnel is an automated trading robot which can be installed into any MT4 Trading Platform and set to work within about 15 minutes of downloading it!

This Forex Expert Advisor works just with the USD/JPY Pair, which I personally love from a day trading point of view, but with the Forex Funnel it works for me so that I don't have to sit and watch a computer monitor all day! It monitors the market trend and then sets points at which it will enter the market by buying or selling the relevant currency. It automatically sets the "Take Profits" and "Stop Loss" points to make a reasonable profit on a regular basis.

The really clever bit which seems to have only recently started happening is that it will automatically adjust and recover any losing trades by placing a further trade in the same direction but at a higher "size". This is difficult to explain without live trading examples, but essentially if the Forex Funnel placed a SELL trade size 0.1 at 105.50, but the value increased to say 105.70, then the Expert Advisor would then make another SELL trade at size 0.2. It would automatically reset the take profits point of both open trades to say, 105.55 meaning that when the price recovered to 105.55, both trades would close out, the first making a small loss, but the second making twice the loss in profit due to "size" of the second trade.

Forex Funnel has made over 10% profit in the past 15 days, that figure is mind blowing considering the current economic climate. The real difference for the Forex Funnel over the other Forex Robots is that it trades on the USD/JPY pair which appears to offer a more cyclical trend, meaning you can make money on the way down, as well as on the way up!

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Forex Detector Website

Like the Forex Funnel Expert Advisor I have been testing the Forex Detector Robot on my Alpari MT4 Trading Platform.

It was very easy to set up and activate the software and was trading literally minutes after setting up. Forex Detector requires no human interaction at all to operate. It's a plug-and-play Forex robot that enters (and exits) trades on autopilot. It's what you could call a “set-and-forget” software.

Unlike the Forex Funnel it trades on the USD/EUR pair which is like most of the Expert Advisors on the market today. It was developed by a seasoned Forex Trader and a very talented Computer Engineer meaning Technology and Experience combine to create the ultimate Forex Robot for this pair.

This algorhythm is much more sophisticated than the usual Forex EA out there as it automatically increases the multiples to either recover losing trades or more often than not will double down on winning trades to compound the profit.

Since I have been testing it, several months now (I got a pre-release copy to test) it has made 90% profitable trades and that has been during the hardest economic times I have ever seen. There is proof on the Forex Detector site that this amazing software made over $10K in a single day.

I would have given Forex Detector 5 Stars if it were not for Forex Funnel which is my top pick, primarily because I have been testing it for longer. I also prefer the JPY/USD pair to the USD/EUR pair. I really can't fault Forex Detector, I just prefer the Forex Funnel.

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Forex Tracer Website

Like Silicon Forex, the Forex Tracer Expert Advisor works on the USD/EUR pair but has been around longer than Silicon Forex and Forex Funnel, so has more real life results.

Like the others I am testing, this software was also very easy to install and set running.

For me and some other users of Forex Tracer the results have been positive but not incredible. The main issue reported with the Forex Tracer is that it's Stop Loss position is too long meaning that you could find yourself with a long running losing trade before it makes another trade. The Forex Funnel makes adjustments to recover it's position and also makes multiple trades rather than one at a time.

I personally have not closed out any losing trades with the Forex Tracer, but I have one losing trade at the moment which whilst not a big one, until it closes at a profit or a loss another trade will not happen.

This type of trading will suit some of you, but not me. I like to see a bit more sophistication about the trading like the Forex Funnel demonstrates.

I know that a Version 2 of this Expert Advisor is due out soon, and that it should address some of the issues seen not only by me but by other traders. Once that is available I will test that and update this review.

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