| Is this forex Tracer review accurate?

Is this forex Tracer review accurate?

lamb2light asked:


I’ve been looking for a reliable and automated forex trading software. I was pretty keen on forex tracer when I came across this review. is it accurate?
=> http://www.learn-forex-online.com/automated-forex-trading/

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Comments

4 Responses to “Is this forex Tracer review accurate?”

  1. Ted on October 24th, 2009 12:37 am

    Read the disclaimer:

    Especially this part:
    CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

    “Hypothetical” means that he has not traded it on an account with real money. It means that he ran a stream of historical prices through it. He may have tweaked and tuned it so that it produced huge profits with this exact stream of data and will never do it again unless history repeats itself exactly. There is also no guarantee that you could have gotten actual orders in to the dealing desk and filled at the prices in his demonstration. The forex market moves fast.

    The review makes a remark about back testing. If the back testing period contained the data that was used to optimize the system, then the back testing is meaningless.

  2. James K on October 27th, 2009 7:06 am

    Short Answer – “No”.

    That’s a classic “affiliate website” which means they’ve created it so people like you and me see it’s the 2nd “most popular” and go and buy it… earning them money.

    Use this review, it’s unbiased because it comprises of customer reviews and comments ONLY:

  3. forexpro1 on October 29th, 2009 3:13 am

    Most forex autopilot software you will find is a scam or over hyped, meaning you might make money but it will take some luck. Forex tracer is one of the junk products as I’ve tested it before. Those who can honestly say it made them money ought to play the lottery. Know what I’m saying?

  4. Vladimir V on October 31st, 2009 2:13 am

    I dont like this automatic systems. I’ve learned trading forex “the old fashion way” .analyse the market , identify the trend and then trade..I also listen to news before trading
    This automatic systems use only technical analysis of the market and use patterns.. So it may work on few trades but on the long run you cant win..is like on casinos..
    So if you ask me …learn forex trading and use this robot(or other you prefer) only as a TOOL ..do not rely 100% on it.