Market Raider Plus
Tested and Reviewed by Graham Laurie
Market Raider Plus is a forex trading system that signals you when to enter and exit trades on the currency markets.
When you buy the package, which comes with the usual 30 day refund guarantee, you get the software disc but also a thick, comprehensive manual which contains the simple installation instructions and Ians own Trading Forex the Easy Way information.
Now, Ive bought one of Ian Williams packages a few years ago, called the Ian Williams EZTrade System and it was an excellent package for teaching you how to trade the stock markets. This forex manual is much the same, and actually teaches you how to trade forex for yourself. Ian seems dead keen on you actually learning how to do it but if I honest, I’d say that the reason you bought the software is so that you don’t have to learn, and indeed the software does make that possible.
Ians writing style is excellent and he does indeed make a good teacher. The video updates on the members site are actually interesting to watch and don’t send you to sleep (unlike other forex trading videos I could mention). So this is a comprehensive product that will cater for all types… those interested in knowing the details have everything at hand for them but those who couldnt give two hoots how it works can simply plug and play.
Which brings me onto the software itself. When I first stuck the disc in it immediately told me it wouldnt work because I had vista. A quick look on the members site and there was the vista version available for download. It installed without at hitch and the installation section of the manual has a step by step guide with pictures showing you exactly how to open the charts etc. so I was up and running within about 10 minutes.
And thats pretty much all there is to it. All you do is turn it on and let it work. It will signal you when a trade is lining up and tell you where to put your stop loss. Then, if the trade hit’s then entry point, all you do is move your stop when the stop on the software moves. And that really is it. As it’s a trailing stop, the trade is over when the market hit’s your stop.
You can run the software on loads of currency pairs and the package includes chartbooks which are predefined sets of currency pairs all together, so you can monitor more than one at a time if you want. You can also choose your timeframe, be it 5 minute, 15 minutes, hourly, 3 hourly or Daily.
One thing that I think would interest a lot of people is the daily chart. If you use this then you can trade around a day job. All you do is load the chart up once a day, whenever is convenient for you, and if there is a trade signal you place an order to open (or open it live) and let the trade run from day to day. This is the sort of trading that Ian teaches in his Eztrade system. So you have large stops but trade at much smaller amounts per pip. All you do is log into the software once a day and if the stop has moved, you move your stop… also pretty similar to the way LS Trader operates. So you could run this on loads of different currency pairs risking a set amount of your bank on each trade and make a decent income in a few minutes a day.
Here’s an example of one of the charts in action making a whopping 328 pips profit:
As you can see it gives the entry point at 151.05 and shows that the trade closed when it hit the stop at 147.77. Trading at £10 a pip, that equates to £3,288 profit in one trade.
I do like the way there is no ambiguity about the trades. There are no choices to make, or settings to experiment with. It tells you when to trade and concentrates on one trade at a time. So when youre in a trade you don’t get any other signals until the trade has finished, at which point it will begin looking for another trade.
So how did it do during my test?
Well I tested the software for one month in July running it on six different currency pairs. I found it incredibly simple to use and it was just a matter of leaving it running in the background and then looking at the charts when the software gave an audio alert that a trade was lining up, so you don’t have to sit watching the charts all day.
Over the course of one month it produced a staggering profit of 1368 pips which equates to £13,680 at £10 a pip.
Needless to say I will be adding Market Raider Plus to my own portfolio of profitable systems and will continue to use it on a daily basis from now on. I would recommend it to anyone, even those with absolutely no trading experience as it’s so simple to use and comes with back up support from Ian himself if required.
You can take a 30 day trial of Market Raider Plus here:
http://www.streetwisenews.com/mrpg/
