Forex Tracer is the latest Forex trading system online and it's selling like hotcakes. Much like the other automated trading systems such as Forex Autopilot System (FAPS), it requires no previous experience and has been designed to run on autopilot and make you money. All that is required is a reliable Internet connection and the ability to leave your computer on 24/7.
Believe it or not, Forex Tracer produced over 94.90% profitable trades from July 2006 to May 2008... well, in backtesting anyway. Still the modelling quality was 90% while means it's pretty accurate. Forex Tracer has been tested in all kinds of market conditions and for extended periods and works with the 30min, 1 hr, 4hr and daily timeframes.
This system has been getting good reviews on the Forex forums but traders should be aware that Forex Tracer uses a fixed stop loss of 250 pips unlike FAPS. The downside to this is that while you may have many winning trades initially, one major market movement against you can wipe out all your gains. So, the advice above still applies. Turn off Forex Tracer before major news announcements. Read the Top 3 Automatic Forex Trading Software here.
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