Hi, I’m Kieran Platt, a new tester for Cash Master. I work in the financial services industry, and have traded forex for over 5 years now.
I’m delighted to be reviewing ‘Forex Mean Reversion’ which costs $79 and comes with a 60 day money back guarantee. For your $79 you receive a comprehensive 55 page pdf manual, which is well written and easy to understand for experienced traders and beginners alike. An experienced trader will be able to skim over some of the pages aimed at beginners and ‘cut to the chase’..
The manual also comes with an Expert Indicator (.ex4) file and Custom Template (.tpl) file, both of which you install into Metatrader (available free from your broker). The Expert Indicator is bespoke and forms the basis of the system. The indicator is VERY easy to read on your charts and there can be no doubt as to trade entry, exit and stop-loss levels.
The system in meant to work on all markets and all time-frames, however as long as you stick to 4-hourly or daily charts, then the system claims to only involve a few minutes a day of your time. As I work full time, I intend to trial the system on this basis.
I have opened a brand new demo account with Alpari, and have installed the indicator and template as described in the manual.
The author trades 7 currency pairs (AUDUSD, EURCHF, EURGBP, EURUSD, GBPUSD, USDCHF and USDJPY) so I will mirror this and trial the system on the same pairs.
Well, so far so good, I am all set up and ready to go. I will commence trading from 1 July rather than starting midweek, and will blog the results weekly together with comments on how things are going…