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Forex Tracer Review

Forex Tracer

Forex Tracer is another automated EA (expert adviser that plugs into the MetaTrader4 platform. Basically, you plug Forex Tracer into the platform, leave it running and that system trades automatically all day and all night without any kind of human input.

The creators have optimized the software to work on the EUR/USD and report the best results on the 30 minute chart. Forex Tracer uses an exact formula for getting in and out of trades as well as for the money management aspect.

On their website, they claim a profit of $335,000 in profits in a year, off of a $25,000 opening account and have proof of this revenue on their official website. The author of this Forex product put a screenshot of a back-test of his system on the website. It’s pretty impressive…

The nice thing is you can use Forex Tracer with other EAs at the same time, which is truly a great advantage. Plus it can be tested without any risk or capital. Forex Tracer is very flexible.

No human intervention is ever required and Forex Tracer creates and trades Forex signals on autopilot. Plus it’s designed to be easy so it can be used by beginners, intermediate and advanced traders.

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Actual Customer Feedback: / Testimonials:

"I have DOUBLED last weeks profits! I started at $5,000 initially and ended up making over $10,000 in profits using the Forex Tracer. Why wouldn't you want to use this?"

Portion of actual user review from goforextrade.com

"I find the EA is very accurate at choosing high probability trades"

Portion of actual user review on ForexPeaceArmy.com

Our Verdict
Most people that have used Forex Tracer have had success. But the problem is with its consistency. On our demo account, it made huge gains then almost in the next trade huge losses.

For example, the official site states an average stop loss of 250 pips and the average target price is 30 pips. These risks are incredibly high and while the pay off could be way worth it, it could also backfire just as big.

If you’re an experienced trader, you can probably put Forex Tracer to work for you by pulling out at the right times, but then it does involve some manual work, which is not exactly what automated is supposed to mean.

A common complaint is that sometimes a trader will get 5 or 6 trades in a day, while other times, they will only get 5 or 6 trades in a week.

So, should you buy Forex Tracer? As always, we recommend trying it out on a demo account first to see if it’s right for you. There’s potential but it won’t make you profits on complete autopilot. All in all, it may need a little tweaking here or there, but Forex Tracer has shown that it can, and has been profitable in the long run. But I do recommend that you have basic trading knowledge before attempting to use Forex Tracer with a live money account.

Visit Official Forex Tracer Homepage

Format: Automated Software for MetaTrader 4 Platform
Delivery: Instant Digital Download
Customer Support: Email Support
Created By: Unknown at this time
Price: $97.00
Guarantee Information: 100% Money Back Guarantee
Website: www.forextracer.com

Customer Reviews

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Honest Forex Trading Reviews >> Forex Software >> Forex Tracer Review