ForexAssassin.com Review

Results for week 5, trades placed 2/30/09 GMT. The Friday EURUSD D1 ATR (14) was even lower at .0204 so I changed the 3 in the formula to 5. This brought the entries in closer. I should have reduced the targets too. So the result was 1 win and 5 losses for a loss of 198 pips!

On the other hand, a stop loss of 30 would work most of the time. So using a stop and target of 30 would have broken even. 30/40 would have made 30 pips. 30/50 would have made 60.

Results for week 4, trades placed 2/23/09 GMT

Assassin crashed and burned again this week. I noticed that on the first two weeks where several different settings worked, the previous Friday EURUSD daily average true range (14) was above .0230. For the second two weeks where almost nothing worked, the EURUSD D1 ATR was below .0215.

I list the pair, stop loss/target, effective stop loss, buy/sell, result, comments.

EURUSD 40/70. Ideal stop loss 20. Buy.

Week 3, trades placed 2/16/09 (GMT). Not a good week for Forex Assassin. In the previous two weeks, a stop of 40 and target of 40 or 60/60 or even 60/70 would have worked much of the time. This week, few settings would have worked.

I list the pair, stop/target, stop that would have worked, buy/sell, result and comments.



EURUSD 40/40. Minimum stop loss of 45 needed. Sell. -40. The T/P was right on a support line. The price bounced off the T/P twice during the night and then rose and took out the stop loss. Third loss for this pair. 45/35 worked. With a stop of 60, any target up to 250 worked.
USDCHF 40/40. Minimum stop of 30. Buy.

Week 2, trades placed 2/9/09 (GMT date).

For each pair, I list the stop loss/take profit, minimum stop loss that would have worked, buy or sell, result, and comments. The stop loss and take profit were chosen by looking at the previous week and by looking at the 14 period 1 hour average true range.

EURUSD 60/60. Minimum stop loss 10 for 40 pips. Buy. +8. Went up 45, bounced off resistance and started down so I raised the stop. Never went higher. (Left alone

As I continue to study the first week's results on M1 charts, it appears that I was wrong about using an S/L and T/P of 15. The results at all settings of 30/30 and below were poor.

At 40/40 the win rate improved to 66%. Higher settings up to 60/60 and even 60/70 also produced 66%. At 70/100 the win rate dropped to 33%.

I bought Forex Assassin last Sunday afternoon and placed trades on the six recommended pairs an hour or so later. Both s/l and t/p were set at 30 pips. The trades were not monitored while in progress - neither the s/l or t/p were moved and no trailing stops were used.

There were two wins and four losses. One losing trade never went more than 20 pips in the desired direction beyond the entry point. The other 3 losers were all stopped out by retracements because the stop losses were too close.

Settings of 15 and 15 would have produced 5 winners. 60 and 60 would also have produced 5 winners. The next goal is to try and come up with the best numbers for the different pairs.

Have had no return contact after having a problem installing software they ask for 2 day's to respond we now are on day 4. I also asked for a customer support line no response there either.

Positive week last week...+ 75 pips...
LOL..Mac from NZ...it's not 50/50...it's 50/50 once you enter the trade, but every trade is like that...it's expecting a break out to the upside or the downside...it making me money. Good luck to all

Not for me 2 entry points at the end of each week given by some x+y=z equation. A = High Trade B = Low Trade, come on its a straight 50/50 chance. This isn,t investing its straight out betting. Up or Down get it right your a winner. lol

A small losing week this week -36 pips, but overall still waaay ahead.
Agree with Ohio Steven...I got their Ideas Manual and was really impressed that they took the time to put together ideas from other customers and pass them along...very good idea...I don't feel like a number and I'm making pips...this is a hard combo to find...Also added the GBP/JPY to the mix.