Forex Funnel Review: Automated Robot For Signaling & Trading The Forex Markets
fxtd October 13th, 2008
Price: $137
The Forex Funnel automatic trading system will actually trade in the forex market on autopilot. You can set up the software in just 5 minutes. This software works with the popular MT4 platform. It is very easy to use! If you download Forex Funnel you get $100 dollars into your MetaTrader 4 account for free when you download the forex funnel.
Last year the Forex Funnel system would have made you a MASSIVE $300,000 trading the forex market automatically. Do not confuse this with other expert advisor’s that have been bundled together to make a quick buck for the site owner, the Forex Funnel System has been developed by a group of seasoned and very successful forex traders and in conjunction with the top mt4 programmers in the business.
Unlike people the Forex Funnel never sleeps, never makes mistakes, never misses a trade and best of all makes you money while you go about your daily business.
Anyone can use the Forex Funnel, even with absolutely no knowledge of forex trading the system is so easy to set up a 5 year old could manage it, you will be up and running within 10 minutes and ready to set the Forex Funnel to work.
After some research and investigation I found out that Forex Tunnel is playing some kind of Martingale Game. Martingale is a casino roulette strategy where you double a losing bet each time. First you bet $1, if lost then bet $2, then $4, $8, $16, $32 etc until you win or run out of money. The plus of such strategy is that you will probably win in most cases. The minus is that you need really HUGE CAPITAL to play such games. Now take a look how Forex Funnel calculates the lot size for the trading.
Of course I don’t know the algorithm of the EA but these numbers look like martingale for me.
On the one hand I cant call Forex Funnel Scam. Martingale strategy was created long term ago and Forex Funnel creators are not the first and the last people who use it in forex trading. Also the “perfect line” back test image on their website is not fake too. On the other hand the creators “forgot” to tell you that to start using it you will need at least 100K (!) of starting capital. I guess most of us don’t have or not ready to risk such huge capital in a simple martingale game. The bottom line is that even with such huge capital the draw downs are too high (Over 81K draw down on 100K account(!) and the profit is so poor (only 340% in 8 years) comparing to other EAs.
In the conclusion I will not call it SCAM or bad system, but for general trader it is a waste of money. You will be able to use it only on demo as most of us don’t possess 100K minimum capital to start Live real trading.
Visit Forex Funnel.
