Forex Funnel
Forex Funnel is automated expert advisor robot trading software that's built on the MT4 trading platform so it's compatible with nearly all Forex brokerages. The publisher claims that it has performed consistently (with 90% accuracy) over the last four years in all market conditions.
What makes this unusual, they assert, is that similar systems only tout their backtest results and not forward trading details. Their charge is that this bias for backtests is because these competitor's products have been optimized for just the past year's market history.
It's an interesting argument that would have more merit if the Forex Funnel website showed either evidence of this backtest bias or provided more than a cursory look at a mostly blurred four month transaction log to back up their claims of live trading superiority.
No information is given about the strategy under which the robot software operates and the main focus of their marketing is how easy the software is to set up and use. That's certainly a plus in an industry that sorely needs better training manuals but it would be more helpful if they spent more time on the actual trading methodology.
Something to note for those looking for trading in multiple pairs or on multiple time periods is that the Forex Funnel system is designed to work on the USD/JPY currency pair on the one hour timeframe only.
The Forex Funnel package includes the Forex robot software, an installation guide, and a bonus custom indicator addon for the robot. It's all available for immediate download and customer support is provided via email. The package is also covered by a 60 day money back guarantee.
Features
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100% automated trading.
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Easy 5 minute set up.
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Based on the industry standard MT4 platform.
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No trading experience necessary.
Package Contents
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Forex Robot Software
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Gold Miner Custom Indicator Software
Consumer Comments & Complaints
This specific system is dedicated to work with USD/JPY (US Dollars and Japanese Yen, incase you didn't guess that) pair. So what does this mean? Well look at it this way; if someone builds a Forex trading system to work with all the popular pairs it could perform pretty decent right? Instead they just went for one pair instead of multiple and they really nailed it. Comment from www.ezinearticles.com
Compared to other commercial EAs, forexfunnel is quite weak. The documentation was pathetic. It was a few pages describing how to install it. There was not discussion of how it works, how you should manage risk, position size, strengths, weaknesses, etc, etc. The EA itself provides very few settings. You can set up the starting lot size and what days you prefer to trade. That is about it. Compared to other commercial EAs where you have much more control, the settings on this are just as appalling as the documentation. Comment from www.forexhound.com
I've used it for a month or so now and the forex funnel software has produced some good results. If you follow the guide properly you can't fail. Comment from answers.yahoo.com
Good beginners as well as experienced traders. This Forex expert advisor can help a beginner who doesn't know much about Forex Trading make good trades; it will help the beginner to make better trades while continues to build their knowledge base. It is important to remember that the Forex market is a very risky market. You should get the best software with the best features. Comment from www.macrotactics.com
The Funnel only comes with an email based support. If you send emails to the support line, you do get answers, but the answers are usually very brief. Compared to other systems, the documentation is subpar. It does not tell you anything about the system, how it works, what kinds of market conditions it is suited to, etc. Also it does not come with a support forum or online community. There are no courses or mentoring for this system either. Comment from www.feedagg.com
If you look at the forex funnel web site, you see it is quite professionally constructed, complete with nice graphics, interviews with actors, etc. Lastly, if you look at other product sites, such as Forex Tracer, Silicon Forex, etc, all of these sites follow the same formula: a back test with a near straight equity curve, pretty graphics, interviews with actors, heaps of cross links from other sites. What I hope you can see is a pattern emerging. These sites are manufactured. Their objective is to sell volume licenses. They might spend 10K on getting this site set up, and if they can sell a thousand licenses for the EA before the word gets out that the system stinks, they have made a 90K profit. Comment from www.forexfactory.com
Forex Funnel is a powerful system when the USDJPY is falling. But it is not an automatic money maker for newbies. This is for experienced Forex traders who will have the knowledge to recognise a rising/falling market trends. Only to be turned on during a falling market. Comment from www.forex-robots-reviewed.com
More Information
Visit the publisher's site for more information including a complete feature list, proof of income, and customer testimonials.
Product Data
| Product Name | Forex Funnel |
| Product Type | FOREX Trading Robot / Expert Advisor |
| Author | Forex Funnel |
| Website | Forex Funnel |
| Return Policy | 60 day full refund guarantee |
| Format |
 Software
|
| Delivery | Instant download |
| Currency Coverage | Focuses on USD/JPY |
| Price | $137.00 |
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