ForexScanner Review

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 0 people | Log in to rate

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ForexScanner System Review

My personal review about forexscanner software. What is ForexScanner? It is software designed to trade the forex on the Metatrader 4 platform.

SYSTEM FEATURES:

  • Programmed for all type of currency traders.

  • Works for all currency pairs including the major pairs and currency crosses.

  • The ability to easy backtest the system.

  • Honest performance, no curve-fitting.

  • Support by forex professionals.
  • Is ForexScanner Profitable? 

    My review

    I've tested many "trading systems" without much of luck until I saw a ForexScanner advertisement on a popular forex forum. I clicked the ad and finally took their 15-day trial offer.

    After reading the 75 page manual on how to install and trade the system, i opened a demo account to start trading the system. In total, I took 14 signals during my 15 day trial period of which 12 have gained me positive pips. The total gain was 758 pips. Not bad at all..only it was a demo account.

    MY TRADING STYLE

    I've traded the 1 hour chart only because it fits my trading style best. The system is easy to understand and logical stops are used to protect your account from taking huge losses.

    I took all ForexScanner signals during my trial and I have still two orders open using a trailing stop.

    These are: 1) Short USD/CHF at 1.1122 - went to 1.0693 for 429 pips. Closed half for 149 pips profit. Remaining position is still open with stop at 1.0860.
    1.8639
    2) Long GBP/USD at 1.8141 - went to 1.8639 for 498 pips. Closed half for 286 pips profit. Stop is at 1.8480 for the other half.

    CONCLUSION

    ForexScanner is an easy to use and profitable system for me. I would recommend it to anyone who is searching for a reliable forex trading system with great support.

    You will find more useful information on the ForexScanners website: http://www.forexscanners.com

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