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Forex
Trading Ability: 
The
Forex Tracer is an expert adviser designed for use with the ever
popular MetaTrader 4 platform. A very simple 'set &
forget' trading software, the Forex Tracer will monitor the market
without your presence, opening and closing your trades.
Optimised for the EUR/USD currency pair on a 30 minute time chart, the
Forex Tracer has a large trailing stop of 250 pips and has a low target
of 20 - 30 pips. Make
what you want of that risk/reward ratio!
Despite
it's claims to trade automatically, while you can get on with your
life, the majority of successful users have found that the Forex Tracer
only seems to work when you actively monitor it, closing those trades
that start to head south well before they hit the 250 stop loss.
In some instances users have also preferred to take their
winners early before the software kicked in and closed the position.
Whilst the Tracer software has provded itself to be profitable in times
of volitility it shares a lot in common with its sibling, the
Forex Funnel. If you leave it to trade unattended, it could
seriously hurt your account! Although in defence of the Forex
Funnel, it can win big too and many experience traders like it a lot.
The Forex Tracer also comes with the 'Cherry Picker', an exlusive
addition of two custom build trading indicators, which unfortunately
for its makers, wasn't enough to convince us that the Forex Tracer
software is the 'holy grail.'
Should you decided to make the most of the generous money back
guarantee offered, please note that the broker you use can have a
serious impact on the outcome of your trading success with many trading
robots - it makes a big difference with this one
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"It depends on your forex broker
you use. I ran it on InterbankFX and it
sucks on that Brokers feed. It hardly traded and I had more Losses.I
ran it on FXDD Platform and it was unbelievable"
- user
comment from Forex Peace Army Forum
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Forex Tracer Home Page
Ease of
Use:
Whilst the Tracer software is
easy to set up and use on a demo account, the live accounts are a bit
of an annoyance as it tends to throw a tantrum when you set it up on a
'live' account. In the majority of times the lack of trading
activity is simply software getting off to a slow start.
Customer
Support:
The
Forex Tracer is supported via email and whilst you will get a reply and
they have improved their service, many of the emails are a little on
the 'brief' side, a couple of sentences long at the most. You
owe
us more than that!
Forex
Tracer Overall:
(Overall Score - Not an Average)
Not quite FAPS,
the Forex Tracer lacks the transparency and more importantly the
results.
Worth a punt if
you're not worried about testing and taking advantage of its generous moneyback guarantee.
Get The Forex Tracer Here
>>
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Other
Information:
Recent
version
N/A
Current
version
N/A
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Website
URLs:
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http://www.forextracer.com/
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