Forex Insider Pro seems to be a typical trading robot hyped up by its own creator that is supposed to take all your money worries away. The company’s says how individuals can make over $8,000 using it, yet if the system is so great, then why not make $80,000 or even $8 million. The forex market is certainly big enough that it could support those number, so what is stopping the system?
Basically, if the company wants to show the real results, it would be very easy thing to do. They could just scan the broker statements during the month their system performed well and showed it to us all - well, they have done exactly that showing September of 2009 having 3 trades with all finishing positive. Three trades, if you pay attention to it, were all having a stop loss in excess of 150 points? If you want to calculate it right from the statement they were showing to us, they were risking over $450 to get those winning trades with the account balance of $1,000. That is not trading, but worse than playing roulette!?!
And what about the rest of months, or do they plan us to trade for just one month? If they do not have even that, not even one year worth of spectacular performance to post, how can they expect us to pay for their pipe dreams?
Well anyway, if you analyze the system, you can see it consists of three simultaneous positions entered at the same time. This is done so that the position can be exited at 3 different points, with two of them targeting different profit taking while the third one is left to be hopefully exited through trailing stop with the most profit generated. The promise of this strategy is very good because it is trying to maximize the return, yet it also means that the loss taking will be 3X as big.
Regardless of interesting promise of exit rules, this system just seems too risky to even try it out, and we would suggest for anyone to stay away from it.
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