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REVIEW: This system by Peter Larsen is rather new. I found the site a week ago and decided to give it a try. The site looks "traditional" and does not have much to talk about. So let's get straight to the system test. Forex Beater has one EA that uses 3 external indicators to place trades. I have backtested the system for? 2007-2008 and found its result rather promising. The beginning of the year was not profitable but the end of the year brought some nice profits. Take a look on the backtest of Peter's system:
Btw, if you decided to buy it try to close the page first - you will get a nice robotic chat that will offer you additional 10 bucks discount ;)
Update September Beater creators updated their EA and told the members that they are going to optimize the settings every month from now on. I guess you should not miss the update otherwise your version will be outdated!
Update December 2008
Peter Larsen released new expert advisor called Forex Hitter. Results look promising so far!
Peter said "A recent major upgrade of Forex Beater (now marketed under the new name "Forex Hitter" has contributed to the software's rapidly growing popularity through enhancing its scripts and making them flexibly adjustable to the current volatile situation on financial markets. While similar products show mostly negative trading results under the present conditions of a global economic crisis, Forex Hitter continues to secure profits for its users."
Update July2009 Yet another powerful update of Forex Hitter has been released, making the robot even more adjusted to the current volatile market conditions. One can expect an upcoming rapid increase of the EA's profitablility as a result of the update.
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