Forex Killer is a Mathematical Forex Trading Software. Andreas Kirchberger, the creator, designed this software to generate trading signals based on statistical analysis from the closing prices of forex currencies.
From the last 10 closing prices, Forex Killer will generate one of the following three signals:
Buy
Sell
No Trade
What Is Forex Killer?
Forex Killer is a completely mechanical and mathematically based forex trading system. In terms of deciding entries, there is absolutely no discretion involved. Entries are a clear cut, 100% mechanical Buy, Sell or No Trade.
To use Forex Killer, you simply input the closing prices of the last 10 bars of whichever currency you are trading in the time frame you are trading in.
Once you’ve punched in the numbers, you click on “Calculate” and you get a signal which tells you either to Buy, Sell or Stay Out. It’s that simple to use.
The Forex Killer Calculator
This is a trade generated by the Forex Killer Calculator on the GBPUSD 4H chart:
It’s pretty impressive in finding good entries into trends as well as for short term trading.
Testing Out The Forex Killer Calculator
After testing the Forex Killer, it definitely does find the beginning of new trends. As a trading signal generator, it works especially well in trending markets, and if you notice a trading range forming, you simply drop into a lower time frame like the 1 hour or 30 min charts to find a signal.
And here’s another idea how you can reduce the number of losses through a trading system filter.
Using A Fibonacci Moving Average Filter
While you get high probability trading signals, one way of finding those really huge trending trades is going for larger profit targets when your Fibonacci Moving Averages indicate a trend in the direction of the signal.
There’s a chapter on using Fibonacci EMAs, where moving average lengths are suggested for different time frames.
By having all the Fibonacci EMAs supporting the trade, you are identifying that a potential BIG trend is beginning. And together with the Forex Killer Trading Software, you have a high probability entry almost right at the beginning of a huge trend!
Does the Forex Killer calculator work every time? No trading system does that, but it definitely is a great help in finding mechanical entries that leave no room for guessing. There’s no discretion, and that’s really useful to many traders who have a hard time with discretionary trading.
Work You Still Have To Do With The Forex Killer Calculator
Once a signal has been generated with the Forex Killer, you simply open a market order with the recommended stops and profit targets for the time frame you’re trading in. It can be from the weekly charts all the way down to even the 5 minute charts.
If you want more action, go down to a lower time frame. If you want to trade in a more relaxed manner, trade on a higher time frame.
While the Forex Killer is great to use for beginners, experienced traders will love using it to find trades into big killer trends. You could use Fibonacci Retracements and Expansions to find stop loss levels and potential profit targets, giving you larger profit targets and bigger profit potential.
Forex Killer definitely simplifies trading for those who want a mechanical trading system, while allowing experienced traders to enhance profit potential by adjusting profit targets in larger trends.
Will Forex Killer Work For You?
Forex trading has the potential to make a lot of money with very little work, and Forex Killer reduces that workload even further. If you want a mechanical, mathematical forex trading system you have found one in the Forex Killer software.
You can even use it to confirm trades on your existing forex trading systems.
The Forex Killer is one of the simplest mathematical forex trading system software I’ve seen, and it’s a very good tool to have in your trading toolbox!
From the last 10 closing prices, Forex Killer will generate one of the following three signals:
Buy
Sell
No Trade
What Is Forex Killer?
Forex Killer is a completely mechanical and mathematically based forex trading system. In terms of deciding entries, there is absolutely no discretion involved. Entries are a clear cut, 100% mechanical Buy, Sell or No Trade.
To use Forex Killer, you simply input the closing prices of the last 10 bars of whichever currency you are trading in the time frame you are trading in.
Once you’ve punched in the numbers, you click on “Calculate” and you get a signal which tells you either to Buy, Sell or Stay Out. It’s that simple to use.
The Forex Killer Calculator
This is a trade generated by the Forex Killer Calculator on the GBPUSD 4H chart:
It’s pretty impressive in finding good entries into trends as well as for short term trading.
Testing Out The Forex Killer Calculator
After testing the Forex Killer, it definitely does find the beginning of new trends. As a trading signal generator, it works especially well in trending markets, and if you notice a trading range forming, you simply drop into a lower time frame like the 1 hour or 30 min charts to find a signal.
And here’s another idea how you can reduce the number of losses through a trading system filter.
Using A Fibonacci Moving Average Filter
While you get high probability trading signals, one way of finding those really huge trending trades is going for larger profit targets when your Fibonacci Moving Averages indicate a trend in the direction of the signal.
There’s a chapter on using Fibonacci EMAs, where moving average lengths are suggested for different time frames.
By having all the Fibonacci EMAs supporting the trade, you are identifying that a potential BIG trend is beginning. And together with the Forex Killer Trading Software, you have a high probability entry almost right at the beginning of a huge trend!
Does the Forex Killer calculator work every time? No trading system does that, but it definitely is a great help in finding mechanical entries that leave no room for guessing. There’s no discretion, and that’s really useful to many traders who have a hard time with discretionary trading.
Work You Still Have To Do With The Forex Killer Calculator
Once a signal has been generated with the Forex Killer, you simply open a market order with the recommended stops and profit targets for the time frame you’re trading in. It can be from the weekly charts all the way down to even the 5 minute charts.
If you want more action, go down to a lower time frame. If you want to trade in a more relaxed manner, trade on a higher time frame.
While the Forex Killer is great to use for beginners, experienced traders will love using it to find trades into big killer trends. You could use Fibonacci Retracements and Expansions to find stop loss levels and potential profit targets, giving you larger profit targets and bigger profit potential.
Forex Killer definitely simplifies trading for those who want a mechanical trading system, while allowing experienced traders to enhance profit potential by adjusting profit targets in larger trends.
Will Forex Killer Work For You?
Forex trading has the potential to make a lot of money with very little work, and Forex Killer reduces that workload even further. If you want a mechanical, mathematical forex trading system you have found one in the Forex Killer software.
You can even use it to confirm trades on your existing forex trading systems.
The Forex Killer is one of the simplest mathematical forex trading system software I’ve seen, and it’s a very good tool to have in your trading toolbox!
1 comment:
Nice post. I've tried forex for about 14 months with mostly losses trades. So I looking for a forex software that works. Thanks God I found forex killer software.
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