Forex Killer: Advanced Automated Forex Trading Signal Software System
Price: $89.00
Tested Result: 1210 pips
Profitable: 7.5/10
Easy To Follow: 7/10
Honest Result: 9/10
Support: Replies within 12 hours (tested via 5 E-mails)
Bonus Value: 4/10
Results: 4.5/5
The Good: The software REALLY works! Simple but True!
The Bad: The bonus books are too simple and not very detailed, maybe good only for newbies, not for experienced forex traders.
Video Review of Forex Killer (on YouTube): “Is Forex-Killer scam or real deal?” – Check it out Here!
Review: Few weeks ago I found the site of Forex-Killer.com telling me that experienced forex trader Andreas Kirchberger developed “super profitable system generating forex signals for you”. I decided to give it a shot. After purchase I got the downloading link and received the Zip archive containing program with several instructions ebooks. First impression was rather bad – the program looked too simple and the bonus “Forex Learning book” was not detailed enough for me because i am a rocky trader so I was very sceptical about it.
Anyway, I decided to give it a try on my InterbankFx demo account the same day. First trade was loosing -30 pips, got the stop loss. But I did not give up and continued my test. I was really suprised next day after checking my trades – signals are really working for me! 3 of my trades for EuroUsd and USD/JPY were in profit with total more than 280 pips! I think using proper money management your can get good results with forex-killer signals.
Update: Not long ago they released new version ForexKiller 2.14. I really liked this update, software got a lot of enhancements in interface and more accurate algorithm based on neuro systems. Now I can load the data easily from Metatrader without need for manual input. the effectivity is still high for me. Last week +178 pips on euro/usd and this week i gained +216 pips in 12 trades. not bad.. I will keep you informed on my progress..
Update 2008: The more I trade forex killer the more I like this system. last month was really profitable for me, +270 pips really impressive.
Update March 2008: Good news from Andreas. They released new version 3.32 with pretty features such as trend analyser and money manager. FK is becoming powerful trading tool. I have found really nice blog by Lloyd, forex trader, here http://autofx.blogspot.com/ – he is providing FK winner strategies and trading himself with impressive results (Up-to-date: +760 pips)
Update May 2008: My great friend Mark Larsen have published his video Review of Forex Killer “Is forex killer scam or real deal?” – Check it out Here!
Update July 2008: I have found one more great Forex Killer Winner stategy here New Improved Forex Killer Strategy (long term trading)
Update August 2008: Some readers ask me if I still use Forex Killer. Yes, sure, I do. I included Forex Killer in my “top choice” of forex software that I use every day. For example Forex Killer surprisingly predicted the fall of EURO near 1000 pips from 1.6 to 1.5 last week. Global Signal this week “No trade”. Nice piece of software, just use it wisely in combination with other systems! Don’t trust blindly and you will be a winner.
There has been a lot of talk about this software. I have been following comments and reviews for about a year and it seems to deliver for most people. I am seriously thinking of giving it a try.
I am a non-professional trader but I find that Forex Killer is a very user friendly software even if u got no trading knowledge.
My name’s Eric, I really enjoy using this program, although I have been trying to take courses, free ebooks and basically I was just doing nothing short of gambling, until I downloaded this program, the program tells you what the price will be, at first I was trying to incorporate some “strategy” of my own, but that was ruining my trades, instead I recomend actually following the take profit mark the program tells you about, also use the stoploss it recomends. I have acutally found this program to be very accurate, I was sceptical at first but it really does seem to work quite well. On the other hand i 100% recomend you trade with it on demo to build up your confidence, then do it real world!
Just wanted to add a little about the forex-killer program. I purchased it to enhanced my forex trading. So far, so good. First two trades +217 pips using (daily long term signals). Using proper money management, I think this has potential.
Forex Killer is a complete revolution. Believe me, I don’t say that lightly at all and this is certainly the first Forex product I have ever said that about. I have certainly never endorsed any Forex Trading Software in the past, the reason is that I just don’t believe in it, and I never really have… until now. I wasn’t really new to Forex Trading, I knew all the principals and how to analyze trends and all the jazz. I wasn’t doing really well though. Making some decent spare change to help with the bills, but I really wanted the big bucks.
I was feeling a little despair and my friend Dave gave me a call telling me about his previous weeks success trading Forex. He had made almost $3000 dollars that week, more money than I had made in the last 3 months. He told me all about the Forex Killer Trading Software and how it gave him all the signals and pretty much told him what to do. At that moment I took the bait and headed over to the website.
From that day onwards I have been making more in 1 week that I would in a month with my previous techniques. That was around 1 month ago and for the last 4 weeks I have consistently made over $2500 per week using the Forex Killer System. The thing is the REAL DEAL. As much as I hate to admit this, the product is almost somewhat of a ‘Forex For Dummies’ system. The software delivers in what it says in that it tells you almost exactly what to do and when to do it.
Forex-killer is compatible with forex, stocks, and futures. I currently use it to generate custom signals in the forex market. I use it more as an indicator or an ‘OK’ to place a trade.
the forex killer was complicated to set up and it had typos, so it seemed pretty shady. after using it for 3 months it does it’s job. one thing i liked about it is that it tells you the trade % risk based on the information you input in the program
i use forex-killer before i place my forex trades
Forex-killer isn’t 100% perfect. While it is VERY easy to use it can take a little bit of time in the beginning to familiarize yourself. The usual thing like getting to know the software and the like. Also, it isn;t a fully automated trading robot, you will have to do some work yourself. The good part about Forex Killer though, is that it tells you exactly when to do it.
Once you are used to the system it is extremely easy to use. great buy
I’ve tried this killer for a month on demo account. I would say it is quite consistently giving me signal profitably as this killer aim for 30~50 pips for each signal.
Sometime might miss some move as the killer gives me “No trade” signal, in fact the market moves quite some pips.
The killer generates signal for the last 10 bars closed price, I am quite sceptical using it signal on lower time frame as I feel not reliable to just look back for last 10 bars, lower time frame whipsaw will wipe you out.
I’ve looked at it and I’m sure it is profitable.
The only thing is that it will normally get you late into trends and you will miss out on a good deal of profit.
I think this is why the stop guidelines are quite large.
It would probably do better on higher timeframes as opposed to lower ones (1-4hrs+)
Used this software for a few days and have noticed some things which I believe should be taken note of:
1) Best used on the more volatile currency pairs like GBPJPY.
2) Do not use 30mins before and after volatile news events (the manual that comes with the software will give more info on the volatility of certain economic indicators).
3) Stay off the market on Fridays (probability of choppy trades very high)
4) Look at the probability figures of BUY compared with SELL that you will see below the signal charts on the software platform. Placing a BUY signal when the Buy/Sell probability is > 68%/32% is safer than when it is 57%/43%.
5) Getting the R1, R2, R3, S1, S2, S3 figures as well as PIVOT POINTS will help you compare the price when you generate the signal with these key figures. Combining this with indicators like Stochs, RSI to tell you when a pair is overbought or oversold will provide higher probability of winning trades.
6) Using time frames of 1HR and above provides better probability of getting a winning signal.
Hope this helps.
Well said, finally a good report on this stuff