Saturday, January 12, 2013

Fx Light Beams | Safer Forex Trading?

Hi everyone, This Forex website reminds me of a Forex system that was on the market a couple of years ago, I can't think of the name of it right now but it looks very similar. The system I am thinking of ran well on a demo account but would not perform on a live account.

Anyway lets try and figure this one out. There are 90% modeling back testing done for the 10 currency pairs it supports. Judging by the equity curves this is most likely a grid trader. If you look at the strategy tester results curve you will see the floating DD normally associated with grid traders.

There is a blurb about this not working with NFA brokers, probably due to the FIFO requirements for a US Broker. So you will not be able to use this one with a US based broker.

Click above for forward test analysis on DEMO

One licence is good for one account and the cost is $149. I will monitor this one in the future and if I feel it needs further attention I will let you know. Right now it looks like a repackaged old trading system. Proceed with caution