“Forex Striker is the only patented Forex robot in history. Its profitability and stability proved by our verified live-account results and biggest ever beta test beat all other Forex robots out there.”

Over the last month I have been trialling a US based offering for those interested in making money through Forex  without personally getting too involved in the nitty gritty of day-to-day trading the currency markets.

Forex Striker Pro is a Copyrighted  add-on to the MT4 trading platform that simply sits and monitors the movements of the markets and places trades on your behalf in response to recognised patterns/ trends as the market moves. Essentially, it is trading automation (much like a betting bot for placing bets on the exchanges), and is left to its own devices to hopefully make some money.

The manual you get to my mind is quite clear and comprehensively detailed as to setting up the MT4 / ForexStrikerPro advisor program. So you should be up and running in no time at all, a reasonable familiarity of installing software and finding your way around a PC is assumed though. Furthermore, I used the recommended FX Choice service to host a demo trading account for the purposes of this trial which is completely free of charge.

There is much sales guff on the ForexStrikerPro website promoting all the good points and safety features but in a nutshell:

“This software looks for high probability trading opportunities comparing past market behaviour to current behaviour in order to find overlaps. When it finds what it believes as being a high probability trading opportunity, the software places trades. At this point the software transitions from offence to defence as it then follows your investments along in the real time market. Eventually the market will fluctuate out of your favour at which point the software abandons that trade and shields you from loss.” (<- isnt this a standard stop loss feature?…hardly a unique feature of trading software!)

It also runs 24/7 so is able to capture market movements outside of normal ‘working’ hours but in order to benefit from this you will need to leave your PC running all the time or install your  MT4 setup on a VPS (virtual private server) as I do.

The recommended currency pair is the EUR/USD market, but I understand that  the software will work with any of the other major currency pairs too.

As one would expect with a fancy website and marketing campaign, the stats are encouraging with over 7 years of back testing / and also trades from a REAL Live money account showing (presumably using the EUR/USD pair):

Winning SHORT trades  87%

Winning LONG trades taken 88%

On average winning 8 trades in a row

Looks impressive, but it isnt so much the quantity of winning trades but the profitability of the trades that is key here as you will see below.

The software has been running for a little over a month now and functionally speaking, the system seems to be working as expected getting involved where it sees an opportunity to trade. As this is trading Forex, you will need a reasonable bank to facilitate your trading margin and show profits that are worth talking about. I have set my demo account to use a £5K bank.

From a total of 19 trades taken, there have been 16 winning trades. But, before you run make a dash for the Buy Now link, note that there have been three losing trades too. The system pitches its stops quite a way from your trade entry point meaning that if the market moves significantly you will eventually be stopped out and will see a substantial loss compared to the comparatively small returns made on those winning trades. Here are mine :

TRADE

Trade Size

Price

Stop Loss

Take Profit

Close

PROFIT/LOSS

buy

0.39

1.29755

1.29769

1.29905

1.29769

5.46

buy

0.39

1.30208

1.29785

1.3093

1.29785

-164.97

buy

0.38

1.29143

1.28778

1.29294

1.29178

13.3

buy

0.38

1.29648

1.29291

1.29805

1.29649

0.38

buy

0.38

1.29672

1.29307

1.29822

1.29307

-138.7

buy

0.37

1.27871

1.27873

1.28021

1.27969

36.26

buy

0.38

1.28119

1.28164

1.28266

1.28266

55.86

buy

0.38

1.27574

1.27221

1.27737

1.27617

16.34

buy

0.39

1.2684

1.26476

1.26991

1.26869

11.31

buy

0.38

1.27249

1.26885

1.27398

1.27279

11.4

buy

0.39

1.27468

1.27055

1.2799

1.27509

15.99

buy

0.39

1.2741

1.27043

1.2756

1.27462

20.28

buy

0.39

1.27882

1.27938

1.28043

1.28043

62.79

buy

0.39

1.28494

1.2813

1.28646

1.28515

8.19

buy

0.39

1.29831

1.29465

1.2998

1.29893

24.18

sell

0.39

1.29572

1.29562

1.29023

1.29465

41.73

buy

0.39

1.29355

1.28992

1.29505

1.28992

-141.57

buy

0.38

1.29535

1.29169

1.29679

1.29559

9.12

buy

0.38

1.2988

1.29465

1.30526

1.29929

18.62

 

Net loss so far amounts to £94, so not the best of starts. However, this could have some potential as the markets are a little jittery at present with everything currency related and the Eurozone crisis such as it is at present.

I will continue to monitor this over the next couple of months and see what happens.

ForexStrikerPro costs 147$ / £117.40 (inc VAT) via CLICKBANK and so comes with  a 60 day no quibble / money back guarantee. So if you are sufficiently intrigued at this stage perhaps it is worth getting yourself a copy to trial for yourself (only a limited number of copies will be released but you already knew THAT  didn’t you!)