Thursday 12 November 2009

Forex Avenger Trading System Review

A reasonably well written 87 page manual, you can skip to page 51 if you have any experience of Forex and trading. Set up is easy and straight forward and it is recommended to trade EUR/USD on the 1 hour chart, which we did. The system is quite relaxed and is about as close to 100% mechanical as we have ever seen. We back-tested 2 months and ran on a (small) account during October and made about a 5% return per month (assuming 2% risk per trade). We are not sure about the Risk:Reward on this system typically 40 - 50 pips to win 30. We have decided to continue to run this system to the end of the year to get more exposure to real-time performance. We will of course provide feedback on our site.

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