Forex-Killer... Anyone Use It?

[A2 PIP]

I just got a copy and so far it looks like the signals are generated based on time period. I backtest it with Fib retracements. When I got a mixed signal, I stayed out. I haven't done much to give a good or bad rating yet.

[iluvforex]

I would give you the site but i guess we cant do that on here but i can say that there is video instructions on youtube.. if i can say that then yea

[kayodeojo]

you may not waste your resources on it. I got about it about a month ago, after using it on life an demo I discovered that it can only help one to go BANKRUPT. DON'T BUY IT.

[bropips]

from my observation its give me inconsistent signal...buy....5min..sell...5min..notrade

now testing on autopilot EA.

[BrandonnKim]

I've been using FK since it first came out... They just released version 3 and it's been working very well for me. It's usually right on target.

[mauro269]

Hi Guys,
I'm new of BabyPips.com. I have seen this discussion about FK and I want to give a positive feedback for this software. It's true, if you use it only on a timeframe and enter in the market with the signals given by the software...there's a good probability that you lost all your money.


Here there's the statement.(I don't know how I can attach html file here on the forum...so I've decided to attach it manually)

Ticket    Open Time    Type    Size    Item      Price    S / L    T / P    Close Time      Price    Commission    Taxes    Swap    Profit
6510746    2008.04.17 20:41    balance    Deposit    50 000.00
6627051    2008.04.21 11:08    sell    0.10    usdjpy    103.05    0.00    103.01    2008.04.21 11:42    103.40    0.00    0.00    0.00    -33.85
6628686    2008.04.21 11:40    buy    0.10    eurgbp    0.8004    0.8009    0.8034    2008.04.21 14:02    0.8024    0.00    0.00    0.00    39.67
6629786    2008.04.21 12:00    sell    0.10    gbpusd    1.9862    1.9860    1.9832    2008.04.21 13:53    1.9860    0.00    0.00    0.00    2.00
6637974    2008.04.21 13:53    sell    0.10    gbpusd    1.9857    1.9849    1.9827    2008.04.21 14:19    1.9837    0.00    0.00    0.00    20.00
6640628    2008.04.21 14:19    sell    0.10    gbpusd    1.9835    1.9831    1.9815    2008.04.21 14:53    1.9815    0.00    0.00    0.00    20.00
6644449    2008.04.21 14:53    sell    0.10    gbpusd    1.9812    1.9808    1.9792    2008.04.21 17:12    1.9792    0.00    0.00    0.00    20.00
6646226    2008.04.21 15:19    sell    0.10    gso    1042.00    0.00    0.00    2008.04.21 15:21    1040.62    0.00    0.00    0.00    13.80
6649335    2008.04.21 16:00    buy    0.10    eurgbp    0.8018    0.7968    0.8038    2008.04.21 18:47    0.8038    0.00    0.00    0.00    39.59
6652583    2008.04.21 17:12    sell    0.10    gbpusd    1.9786    1.9838    1.9768    2008.04.22 06:40    1.9768    0.00    0.00    -1.25    18.00
6711704    2008.04.22 11:52    buy    0.10    audusd    0.9449    0.9399    0.9459    2008.04.22 15:23    0.9459    0.00    0.00    0.00    10.00
6716971    2008.04.22 13:28    buy    0.10    usdcad    1.0154    1.0104    1.0174    2008.04.22 14:25    1.0104    0.00    0.00    0.00    -49.49
6718974    2008.04.22 14:00    buy    0.10    eurusd    1.5943    1.5947    1.5963    2008.04.22 14:24    1.5963    0.00    0.00    0.00    20.00
6721026    2008.04.22 14:24    buy    0.10    eurusd    1.5966    1.5967    1.5985    2008.04.22 14:25    1.5985    0.00    0.00    0.00    19.00
6721290    2008.04.22 14:25    buy    0.10    eurusd    1.5987    1.5991    1.6007    2008.04.22 15:30    1.6007    0.00    0.00    0.00    20.00
6721745    2008.04.22 14:29    sell    0.10    usdchf    1.0040    1.0040    1.0020    2008.04.22 14:44    1.0040    0.00    0.00    0.00    0.00
6722992    2008.04.22 14:44    sell    0.10    usdchf    1.0036    1.0032    1.0016    2008.04.22 15:56    1.0016    0.00    0.00    0.00    19.97
6725298    2008.04.22 15:23    buy    0.10    audusd    0.9460    0.9410    0.9480    2008.04.23 01:30    0.9480    0.00    0.00    0.90    20.00
6725728    2008.04.22 15:30    buy    0.10    eurusd    1.6010    1.5960    1.6030    2008.04.23 06:31    1.5960    0.00    0.00    0.30    -50.00
6727253    2008.04.22 15:56    sell    0.10    usdchf    1.0014    1.0014    0.9994    2008.04.22 16:13    1.0014    0.00    0.00    0.00    0.00
6727611    2008.04.22 16:00    sell    0.10    usdjpy    102.70    103.20    102.50    2008.04.23 08:41    103.20    0.00    0.00    -0.78    -48.45
6754618    2008.04.23 08:08    buy    0.10    audusd    0.9532    0.9482    0.9552    2008.04.23 13:13    0.9482    0.00    0.00    0.00    -50.00
6770109    2008.04.23 12:32    buy    0.10    usdcad    1.0175    1.0179    1.0195    2008.04.23 12:35    1.0179    0.00    0.00    0.00    3.93
6770362    2008.04.23 12:35    buy    0.10    usdcad    1.0182    1.0191    1.0202    2008.04.23 12:40    1.0191    0.00    0.00    0.00    8.83
6770667    2008.04.23 12:40    buy    0.10    usdcad    1.0192    1.0196    1.0212    2008.04.23 12:49    1.0196    0.00    0.00    0.00    3.92
6771235    2008.04.23 12:50    buy    0.10    usdcad    1.0199    1.0202    1.0217    2008.04.23 14:21    1.0202    0.00    0.00    0.00    2.94
6778001    2008.04.23 14:21    buy    0.10    usdcad    1.0204    1.0154    1.0224    2008.04.24 07:36    1.0154    0.00    0.00    -0.10    -49.24
6779189    2008.04.23 14:37    buy    0.10    eurchf    1.6123    1.6132    1.6143    2008.04.23 15:25    1.6132    0.00    0.00    0.00    8.87
6782335    2008.04.23 15:25    buy    0.10    eurchf    1.6135    1.6137    1.6154    2008.04.23 17:43    1.6137    0.00    0.00    0.00    1.98
6817343    2008.04.24 07:48    buy    0.10    usdjpy    103.70    103.79    103.90    2008.04.24 08:18    103.90    0.00    0.00    0.00    19.25
6817358    2008.04.24 07:49    buy    0.10    usdchf    1.0184    1.0190    1.0204    2008.04.24 08:01    1.0204    0.00    0.00    0.00    19.60
6818214    2008.04.24 08:00    sell    0.10    eurusd    1.5837    1.5833    1.5817    2008.04.24 08:01    1.5817    0.00    0.00    0.00    20.00
6818672    2008.04.24 08:01    sell    0.10    eurusd    1.5796    1.5787    1.5776    2008.04.24 08:09    1.5776    0.00    0.00    0.00    20.00
6818728    2008.04.24 08:01    buy    0.10    usdchf    1.0208    1.0215    1.0228    2008.04.24 08:10    1.0228    0.00    0.00    0.00    19.55
6819619    2008.04.24 08:07    sell    0.10    gbpusd    1.9766    1.9757    1.9746    2008.04.24 08:11    1.9746    0.00    0.00    0.00    20.00
6819960    2008.04.24 08:09    sell    0.10    eurusd    1.5774    1.5767    1.5754    2008.04.24 08:13    1.5754    0.00    0.00    0.00    20.00
6820174    2008.04.24 08:10    buy    0.10    usdchf    1.0230    1.0238    1.0250    2008.04.24 08:20    1.0238    0.00    0.00    0.00    7.81
6820467    2008.04.24 08:11    sell    0.10    gbpusd    1.9741    1.9735    1.9721    2008.04.24 08:12    1.9721    0.00    0.00    0.00    20.00
6820691    2008.04.24 08:12    sell    0.10    gbpusd    1.9716    1.9766    1.9696    2008.04.24 08:30    1.9766    0.00    0.00    0.00    -50.00
6820822    2008.04.24 08:13    sell    0.10    eurusd    1.5752    1.5751    1.5732    2008.04.24 08:28    1.5751    0.00    0.00    0.00    1.00
6820872    2008.04.24 08:13    sell    0.10    eurjpy    163.58    163.58    163.38    2008.04.24 08:24    163.58    0.00    0.00    0.00    0.00
6822090    2008.04.24 08:20    buy    0.10    usdchf    1.0241    1.0191    1.0261    2008.04.24 09:03    1.0261    0.00    0.00    0.00    19.49
6822542    2008.04.24 08:24    sell    0.10    eurjpy    163.55    163.49    163.35    2008.04.24 08:28    163.49    0.00    0.00    0.00    5.78
6822977    2008.04.24 08:28    sell    0.10    eurjpy    163.44    163.94    163.24    2008.04.24 09:01    163.24    0.00    0.00    0.00    19.26
6822978    2008.04.24 08:28    sell    0.10    eurusd    1.5748    1.5798    1.5728    2008.04.24 09:01    1.5728    0.00    0.00    0.00    20.00
6823425    2008.04.24 08:31    sell    0.10    gbpusd    1.9766    1.9757    1.9746    2008.04.24 08:35    1.9746    0.00    0.00    0.00    20.00
6826185    2008.04.24 09:01    sell    0.10    eurjpy    163.18    163.68    162.98    2008.04.24 11:01    162.98    0.00    0.00    0.00    19.33
                                        0.00       0.00   -0.93      252.54


Closed P/L:     251.61

[BrandonnKim]

Originally Posted by mauro269

Instead I use it like an indicator

Yes... I use it as an indicator also... it is not too good as a stand alone software but in conjunction with other indicators it can help confirm a buy/sell signal.

Originally Posted by mauro269

I've done a little step-by-step manual about my strategy and I'm selling it on my blog

I don't know what your strategy is, but Gosh... people don't need to buy another strategy for FK... FK version 3 comes with two very good strategies that work well.

[mastergunner99]

I came across a copy for free and tried it out. Tedious and unreliable. Also there was a measure of disconnect when it came to understanding how it arrived at its signals.

In my opinion, if you don't know why you are entering or exiting a trade, then you have no business doing so.

It's truly not that difficult to devise a winning system. It just requires time, patience, and discipline to follow through.

[BrandonnKim]

I'm not sure why I find myself defending this product since I have no vested interest... I guess I want to make sure that the truth is heard.

That being said... the free copy that's available is the first version... yes the first version is tedious and somewhat unreliable I will agree...

however, like I said before... they now have out version 3 which is much better, not tedious at all (you can set it to automatically generate signals with just a couple clicks) and much more reliable - again not so much as a stand alone but in conjunction with other indicators to confirm a signal.

Hope that helps a little

[mastergunner99]

My point isn't so much to debate whether or not the software works, but rather the benefits to the trader.

What is the existing software renders itself obsolete and there are no more further versions to replace? How would this benefit the trader? How can the trader learn how to be self sufficient?