If you’ve been interested in Forex trading chances are you’ve heard of these two trading systems; they’re the two top sellers. Since I have access to both why not do a comparison and see which gives me better results within a specific time frame right? I’ve installed two instances of MetaTrader and created two different demo accounts; as of Tuesday, June 24th the competition has begun! I have personally tested these two systems separately in the past (before they were even launched as a product) and I saw good results, but let’s see how they do against each other.
Each demo account started with a $500 balance (which is a low but realistic amount) and both trading systems are using the EUR/USD chart. Since I literally just started this comparison today I can’t give you any results; it takes time. Even when you’ve lost money you can profit within seconds. No matter how tempted I am to intervene and perform orders on my own I’m going to let these two work their automated magic 24/7. I will continue this test for 2 or 3 months, writing a new article every 2 weeks to tell you what has happened and how much profit/loss has occurred.
While I don’t have any real results for this test (since I literally just started the 1 on 1 comparison) I want to mention something that has always bothered me about Forex Autopilot System. By default (which is what I’m leaving all the settings on) the stop loss parameter is set to 0. A stop loss order is supposed to be used to limit the amount of losses in trades; this is set to 0 meaning there is no limit. Forex Tracer is set to 250 by default, which is decent.
If you want to try a trading system first-hand what you do is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there’s no profit to be made you get a refund and try another system; this way there’s no risk when buying one.
For reviews of the top three Forex trading systems, including the newly released Forex Tracer, click here: http://forex-tracer.the-perfect-solution.com/
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