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We haven't tried the forex trading strategy from ForexRebellion.com. If you have, please leave a review here.
Serge, Canada
Rating:
Date of Post:
2010-02-07
Review:
I give Rebellion 5 stars in terms of the packaging and multitude of instructional videos. Unlike most systems which only provide a 50 page fluff PDF, leaving you with countless questions, Russ provides a very thorough instruction via the huge PDF book and 15+ videos. Russ is also right on top of answering emails.
In my opinion where you have to be careful is using the system properly. At the risk of stating the obvious, this is a trending or swing trading system period. You are never going to have one system that works well in any market condition, and the first step before taking any trade is taking a look at the currency pair and determine whether it is trending long or short, or whether it is in consolidation / accumulation.
Having said all that, I believe this system can be profitable if you arent' shooting yourself in the foot right off the bat, by using it during consolidation or side ways market cycles. This will kill your account in no time.
KY Tan, Singapore
Rating:
Date of Post:
2010-02-03
Review:
Forex Rebellion works quite well for me on EURUSD on 1-hour time frame. There are many Buy and Sell signals, but if you follow the general trend (eg using a higher moving average, say 100 or 200) and trade only in the direction of this general trend, i think one should be able to rake in some profit
Sometimes, i will also wait for a pullback of 25% before executing the trade if the price movement is too fierce. I lost out a couple of trades as the price never retraces but that's ok. On a EURUSD hourly charts, there are plenty of opportunities
Diana, Singapore
Rating:
Date of Post:
2010-01-29
Review:
Tried the system and thought it was great. I bought it because I wanted an EA to prompt me when there is a trading opportunity.
Initially I took the trades blindly as and when it prompts and was only making losses. Then it hit me one day to confirm the alerts with higher time frame. Now the money starts to roll in. I am giving it 4 stars since I thought this information should have been given to the customers instead of having me finding out by myself. Oh you will also save yourself from bad trades if you trade breakout pullback continuation.
Sow B, Sydney, AU
Rating:
Date of Post:
2010-01-19
Review:
After reading the great reviews this was the first ever forex system I purchased. Russ is a great teacher and his videos are by far the best training I've got so far. However, I couldn't find much profit in the system. I find that the system was to 'sensitive' (ie. it changes direction too quickly, doesn't catch a full trend move, rather short chunks of the trend, while you lose money in small retracements of the trend) and the WORST was when you get stuck in sideways markets. This kills your account as the indicators pick out many bad trades. I found one indicator (QQE) was lagging and didn't tell me anything that I couldn't already see happening (ie. market is going up, indicator going up - then market chokes and indicator goes down to show it choking... whats the point of that?) Essentially I believe its a decent 'sensitive' trending system but there other very good ones out there too. I stopped using it and got my money refunded. I'm NOT saying its a bad system, but I couldn't find profit in it. Maybe if you played with it alot longer then you could.
DoubleR85, Vancouver, Canada
Rating:
Date of Post:
2010-01-18
Review:
Just to solidify what I'm trying to say here is proof http://www.forexfactory.com/showthread.php?t=77850 to what I mean. Pretty similar to the rebellion isn't it? Just without the EA! Being a newbie my self, I'm learning not to get to caught up into the retail buy this, buy that system. When I emailed Russ about price action he told me that it's very important YET he said he did not add it in the course because he wanted to keep it simple! And forex it self has too much information already! Then I said to my self, OK. This guy just wants to sell his system! I was shock when he said that because forex is simply not that easy. Just like a quarterback in football you cannot just target one receiver all the time. You need to have field vision and know how to read defenses. It's funny to me how he said in his video's that he has a nack for creating a profitable system. Yet, I've only been studying forex for a couple of months and I've already came up with a system more detailed than the rebellion! And YES! It's been profitable! Like in life you cannot rely on other person's plan to succeed. You have to create your own and cover ALL the basis that's needed to be on top of your field!!! The rebellion is certainly missing a lot of important aspects.
2010-01-05 2 Stars I decided to give this system a try because of all the hype and the positive reviews. What I found out is that, this is nothing but a cross over system. The main concept is simple and that's why beginners like this system so much. But over time I've realize I could just do some research and create my own system for free! Don't get me wrong, Russ teaches good money management but it's not worth the money. If I wanted a crossover system I could get it for free at forex factory or babypips. For beginners this system is for you but it's not the holy grail. If your looking for the holy grail is within your self and what ever system you use is your weapon.
I've been making a decent profit on my live trading with the Forex Rebellion system. The system is very thorough and well written and also live instructional videos. I use it on the 4 hr. time frame on the EUR/USD. I'm using a 60 pip take profit with a 40 pip stop loss and the win ratio is about 60% accuracy. I've also back tested this on the 4 hr. time frame for 1 year with the criteria above and it made 2840 pips on the 1 pair alone in one year. Using 1 pair on the 4 hour time frame you get a trade signal about every other day. It works well for modest gains and consistent profits. Very decent. win loss ratio is very good and that's where the profits are. My account is up about 15% in the first few weeks of using this system. It may not make you rich quick but will give you consistent gains with low drawdown for your account. One of the best.
Ian McArthur, UK
Rating:
No Rating
Date of Post:
2010-01-04
Review:
Very saddened to see review from David McClain of South Carolina, especially the way it was all typed in upper case. I have been 'playing' with this system for about a month on demo account and haven't even fully read the instructions, yet I have never failed to pull a minimum of 50 pips pre day and I am extremely excited about going live shortly after fully studying what Russ Horn has to offer. I simply can not understand where this guy is going wrong!!! To say that all these ratings are from people who work for Russ is quite frankly, ridiculous. Try "independent user reviews" on Google. If all them are fake too then I am sure Russ could make countless millions without doing the Forex. It's a shame because I genuinely feel that ANYONE who is diciplined enough to stick to the rules can make extremely good money with this system and no - I don't work for Forex Rebellion! I have no doubt at all that I will be back soon after live trading giving a full 5 stars.
David McClain, SOUTH CAROLINA
Rating:
Date of Post:
2009-12-30
Review:
LISTEN THESE PEOPLE GOTTA BE WORKING FOR THIS COMPANY...I TRIED THIS SYSTEM WITH ALL LOSING TRADES,THE SIGNALS WERE TOTALLY WRONG AND THE VIDEOS WERE FIXED !!! YOU HAVE TO HAVE VAST KNOWLEDGE IN THE MARKETS TO MAKE THIS SYSTEM WORK EVEN A LITTLE BIT!!! TAKE MY ADVICE STAY AWAY FROM THIS SYSTEM UNLESS YOU JUST HAVE MONEY TO BURN!!! THE SYSTEM IS BOGUS AND USLESS AND THE REVIEWS OF IT IS JUST THE SAME......ALL SHAMS & SCAMS!!!!!!!!!
Anthony (ForexAJ), Adelaide
Rating:
Date of Post:
2009-12-30
Review:
This is where it's at. Look no further. Forget robots, you can't trust them. I'm amazed at what big trends this system catches.
I was wrong, it has a far better success rate than 50%. Also, losers are cut short and, once you get good at using the system, winners should run long.
You don't need to demo trade it. Just install the semi-EA and look back after a few days at the major trends you could have been on. Once you pick up your jaw from the ground, work out your risk management and exit strategy for when you do decide to go live.
I've found you need to be quick so I employ 1:1 (SL:TP) strategy most of the time, because it's quick to implement. If you initiate the cross-hair tool, you don't need your calculator, just do it roughly by sight. The Asian session is friendliest because the currencies aren't as volatile.
It also helps to set up the ask line as well as the bid line. Tools-Options-Charts-"show ask line". I kept getting 'Invalid SL or TP" when I used the suggested entry price from the EA. It wasn't until I got the ask line on there that I could see the suggested entry level I was using was within a few pips of the ask line and that's why it was being rejected time and time again.
This guy's system is great and I challenge anyone not satisfied to come up with a valid reason why not. It's a breath of fresh air to finally have a genuine forex system seller out there with a real desire to help others achieve their financial goals.
Keep up the good work Forex Rebellion.
PS. Another advantage of this system is you don't have to leave your computer on all the time as you do with EAs. Just open MT4 whenever you are within ear shot of your PC and make sure you have the volume up so you can hear the semi-EA entry triggers. Happy trading!
2009-10-27 4 Stars I've found this system to be right about 50% of the time. I think it's profitability is all down to initial stops and exit strategies, more important than the entry rules quite often. I have a habit of missing the trades that end up being big trends in the right direction and getting on board trades that have huge 'signal' candles and then start retracing and hitting my stop. Just my luck really!
I have made a few extra rules to follow:
1. Ignore trade set-ups where the signal candle is unusually large compared to previous candles in the session. The semi-EA will tell you to take the trade and more often than not I've found the trend has run out of steam, but of course not before it hits your order and then changes direction completely and heads towards your stop loss.
2. Only take a trade on the candle after the signal candle. Often the system will be telling you to take a trade several candles after the EMA crossover (depicted by an arrow). Again I've found a similar thing will happen as described above - the trend is often exhausted.
My biggest problem is not knowing what exit strategy to employ: 1:1 (SL:TP), 1:1.5, or EMA breach. I've also tried trailing stops, which has increased the number of profitable trades, but has meant that the few times that the TP I've set (using the first 2 strategies) would have been reached, I've got knocked out of the trade too early.
Unfortunately, I can only trade the Asian session, which seems to be the least active and often means I have trades open for hours off the 15m charts 'cos the market's going nowhere.
I'd be keen to hear how John from Perth uses the system (which time frame, exit strategy, initial stop strategy etc.) or anyone else for that matter. Lucky John. Perth is 2 and a half hours behind me, so he gets to trade the Asian, London and New York session before bedtime!
It's the subjectivity that will kill you with this system or any other. If you find yourself saying 'should I do it this way or should I do it that way' then you probably should stop trading as you're system isn't clear and defined for every possible scenario. I think to be successful you need to be 100% mechanical and have no room for subjectivity in your trading.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
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The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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