Sunday 30 August 2009

Forex Kingdom Trading System Review

A reasonably well written 78 page manual. The system itself is based on the 1 hour charts and 3 indicators, one being CAO, which we have never heard of. Set-up is easy with MT4 templates supplied. The CAO indicator makes this system 100% mechanical, Entry, Exit and Stop. Back-testing looked impressive and profitable based on the CAO indicator but in real-time trading this was quite different. Entry and Exit is late as the CAO indicator is drawn late, so an impressive profit on the chart does not translate to an impressive profit in reality. We all love pretty indicators but ones that lag are not for us so we only placed one trade and moved on.

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