Tuesday 14 July 2009

Forex Mobster Trading System Review

A 55 page manual that is clear and easy to read. The system is traded on the 4 hour (anchor) and 1 hour (for entry) time-frames and uses just 2 industry standard indicators. Set up is easy (on MT4), Entries and Exits are clear and 100% mechanical with some discretion required for initial Stop loss. Limited back-testing across 6 popular pairs and about 2 weeks of real-time trading left us about break-even and for sure were not hitting the 94% win rate mentioned on the web-site. We found that Entries and Exits to be quite late and without catching a very strong trend that this system would struggle somewhat.

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