Forex Killer
Review Chains

1. Why am I reviewing Forex Killer ?

I am currently using this trading software myself. It works well for me so I am reviewing it here.

Forex Killer is a signal generator software. You can derive trading signals from any major currencies at all timeframes. As with all trading software, I recommend you to use it with your current strategies.

I am using it to to confirm the price trend of my currency and whether I should be looking to short or long. I can get confused at times with the price pattern and trend. This is where forex killer comes in. I would only trade when my signal agrees with the software.

I am sure you know trading with the trend makes a whole lot difference in your trading profits. => Start with the Forex Killer Factsheet for more details

2. The Uniqueness

No monthly fees like most forex signal service

Most signal generator requires a monthly fee and they aren't that accurate too ! Forex Killer requires only 1 time payment and you are entitled for free lifetime updates.

Using mathematical algorithms to calculate trend

Forex Killer uses the last 10 prices and with its algorithm to derive the next possible movement. It is able to generate a percentage probability for its trading signal. (e.g sell signal-31% , buy signal-69%). It gives you additional consideration to trade or not.

Does not need internet connection to operate

All you need is the last 10 prices to operate this signal software. You could use import function if you are using MetaTrader 4. ==> Learn to operate it with Forex Killer Tutorial Screenshots

3. The Benefits

You get a good trending indicator

Using Forex Killer as a trending indicator is my greatest benefit. You can get very good trading results if you complement it with your own trading signal.

The software is good at determing the current trend so you can follow it.

You can also choose to use it as a standalone signal generator. However, I must highlight that the winning rate will not be good unless you absolutely stick to trading signals with 75% probability. You will end with very few trades though.

So I stil think the best way is to use it as an indicator. => Forex Killer Strategy

Stress free trading by using the generated signals

You can choose to just trade the generated signals. No need of any other indicators as Forex Killer will calculate the trend and give you the higher probability signals.

I need to remind you that you should always trade signals with high probability like 75%.

You get signals for all major currencies

Forex Killer can generate signals for any currencies on any timeframe you like.

Prevent big losses with recommended stoploss

No big losses like most signal software. The software will generate both a stoploss and profit target for you.

Free updates for life

You get free updates for life. I have already received 4 updates for the past 8 months. Andreas Kirchberger has been updating this software regularly as needed.

==> More questions answered at Forex Killer FAQ User Guide

4. What I don't like (The Cons)

The lower timeframe is not as reliable

Forex Killer does not perform that well at lower timeframe. (lower than 1 hour)
The winning rate is roughly 50% +-. This is because only the last 10 prices are analyzed.

I would advise you to use timeframes more than 1 hour if you are using the signals alone. Intra-day signals are too volatile to trade accurately without human interpretation.

If you want to trade intra-day with lower timeframes, align the signals with your own trading strategy. Only trade when both signals agree.

If your trading strategy advises you to long and so does Forex Killer, your signals will have a higher winning probability.

5. Users' comments on Forex Killer

The current comments are mixed. Some are making good money, some are losing money. From what I observed, those who are losing money are not trading with a system. Those are making money are trading the high probability signals only.

What I mean by a system is that you need to set conditions before you trade the signals.

You see you can always generate signals from Forex Killer but only a few have high winning probability. Two signals are generated, a short term and long term signal. You should only trade when both of these signals coincide and have a 75% probability.

This is a simple trading system that will improve your winning rate.

Like I mentioned above, you could use it as a trending indicator with your own trading strategies.

==> More user testimonials, comments and complaints at Forex Killer Reviews from Users

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