This article is about my experience in testing the off the shelf (but fully disclosed) trading system called Forex Money Machine on a live account.  I’ve bought this and previously made one trade which was stopped out at a loss, but one trade does not show the quality of a system, so I have continued to place trades using the Forex Runner system which is included in the Forex Money Machine e-book.  The following reports my latest trades, and how the system is stacking up.

Last night (local time) I placed a buy order on the EUR/USD currency pair, since it satisfied the entry conditions of the system.  Whilst the profit target was not reached, I locked in profits of  12.7 pips.  This was as a result of a protective trailing stop.  I was pleased with the result, because at no time did I feel that I was taking on a significant risk and I did not have to keep a particularly close eye on the position.  The trading system took advantage of the market which is currently moving up and down within an upward trending channel.

Currently I have another position open, and will see how this one goes.

At this point, I have a lot of confidence in this system.  I am not having to take on significant downside risk, whilst getting into high probability trades.

If you are interested in purchasing the Forex Money Machine, you can do so here.

Tags: forex money machine, forex trading system, trading system review

This entry was posted on Wednesday, April 9th, 2008 at 1:00 pm and is filed under Trading Systems. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.