Instant Forex Profit System Testing 5/11/08

Happy Mothers Day! Hope you all remembered to call mom.

I've decided to discontinue my testing of the Forex Autopilot until a future version is released. The poor performance in a downtrend is obvious. Please see prior posts.

I finally got a chance to purchase and tinker around with the Instant Forex Profit System. The system is an .exe program. It is definitely simple and easy to use. In fact, the pure simplicity of it makes me suspect...or maybe it's genius? We shall see.

You basically find the high, low, and close for the past two weeks of whichever currency you choose. It claims to work best on GBPUSD and USDCHF because of their volatility. You input the 6 numbers, choose your currency, and click "Make Decision". The software instantly chooses a pending long and short position to take. Recommended S/L is 30 pips and T/P is 80 pips. I'm not sure what it uses to calculate but I assume that it's basically a hedge to pick up a trend. Trades are to be placed sometime between market open and Monday AM. If the long is triggered then the software gives you a figure to adjust your short. All trades are closed out manually close to market close. This could pose an issue for me since I'm at work when the market closes.

I'm always skeptical of hyped-up forex systems; however, I do enjoy testing them (on a demo account this time!). The cost of the Instant Forex Profit System is a one-time payment of $97 and is a Clickbank product which means that the 8-week money-back guarantee is sure to be honored.

I placed pending orders in EURUSD and GBPUSD currencies. If anybody else decides to purchase this software I would be pleased to share your results with everybody.

Best,
Craig

Instant Forex Profit System

Good Evening All. I decided it was time that I begin testing a new money making opportunity. Last week I got word that a new product called the Instant Forex Profit System was to be released at noon today by Stephen Wilson. The fact that it was new and untested attracted me to this product. I am skeptical as usual, especially with a name like "Instant Forex Profit System". I haven't been trading Forex long but long enough to know that profits typically aren't "instant".

This product is software along the same line as the Forex Killer. Trades are placed manually. I've learned my lesson and now plan to test this product on a demo account.

I hope to begin testing when I get some free time next week. I will plan to keep you all informed with my progress.

Craig