Forex Onslaught is a brand new trading system (commonly known as Expert Advisors) that is primarily geared towards the newbie Forex traders. This is the true intention of this trading robot's expert developers. With their long years of experience in this line of business, new traders can instantly engage in live trades with no hassles and risks once it is installed.The Forex Onslaught robot is scheduled to be released in mainstream on August 14th, 2010. The main purpose of this EA is to help you determine when it is good for you to buy a currency pair at a given time. The program is also designed to remove the psychological element of trading which can be very detrimental to your trading profits. This robot will decide when and what trades to place on your behalf.
What is the Forex Onslaught System All About?
To begin with, this software can be easily purchased and downloaded. Once you have installed it, this robot will be all ready to trade for you. It has the ability to read and understand complex trading numbers, graphs and charts. Many users have commented that the EA is very independent and is able to work on its own, without any help from its owner.
The program is designed to work with the popular MetaTrader 4 platform, and the software quite literally plugs in and runs on auto pilot, all you have to do is review the trades at the end of the day (or week). The benefit of this is obviously, more free time.
Many of the Forex Onslaught reviews floating around mention all of the benefits, and none of the issues. Our main problem with the software is also its main benefit. That is, it's completely automatic!
This is great because you have a lot of spare time while the system makes you money, but it's also a bit of an issue if you don’t know what you're doing.
Personally I like to have a bit more control over my trades, I still use automatic software but I keep an eye on what its doing. By all means, use it to benefit your own trading strategies, but I wouldn't go on a 3 month holiday and leave it running.
Lets take a look at some of the characteristics of Forex Onslaught:
- No prior Forex experience required
- Compatibly with 4 and 5 digit brokers as well as ECN brokers
- Easy One-Click Installation and start trading right away
- Easily configure the EA to match your preferred Lot trading strategy
- Manage your risk and make sure that your trades don't drift into negative territory
- Effective on multiple currencies
- Built-in drawdown protection that will guard your account from run-away losses due to market swing
- Designed around the most profitable professional trading techniques
- "Forex Zero to Profit Here in 1 Week" Guide
- Functions in a MetaTrader platform
- Designed to withstand market reversals
- Runs independently on your PC/Server
- Easy to follow setup instructions, user manuals, video tutorials, and customer support
- 60 day money back guarantee
- Regular free updates
The Forex Jumpstart Guide Includes:
Discover the fundamental techniques and strategies for trading the currency market like a professional.
This 40 page quick start guide will show you the insider-tips that million-dollar traders use to rake in consistent profits daily.
- The single difference between equity and currency markets and how to use each to build wealth
- Secrets to analyzing the Forex market and spotting conditions dumping pips into your account
- What you should know BEFORE you hire a broker (this will save you a ton of heartache and hassle)
- Paint-by-Numbers easy examples of how to make successful Forex trades
- Plus some more tricks you shouldn't trade without
The Three Bonus Advisory Indicators:
These indicators are plug-and-play compatible with MetaTrader and are easy to use.
You'll get the proprietary: 1) Fibonacci, 2) RSI Trend, and 3) Support and Resistance Indicators. Each of these indicators will add new insight to your trading decision. Pick the indicator that matches your trading style and you are off to the races.
Five-Set Video Training Course:
Video #1: Forex Foundations
This boot-camp video will show cover these helpful topics:
- Forex Trading Benefits
- Glossary of Important Lingo
- General Order Types
- General Trade Types and Styles
- Winning Forex Trading Skills
- Forex Trading Mistakes
- Cashing in on Price Movement
Video #2: Fibonacci Onslaught Trading
Take your trading skills to the elite level with this unprecedented exploration of the Fibonacci Trading strategy:
- Introduction
- Who was Leonardo Fibonacci and his revolutionary approach to mathematics
- The mysterious and powerful Fibonacci Sequence of Numbers
- How to unlock the power of Fibonacci Numbers
- Trading examples
- Rules to perfect Fibonacci
Video #3: Forex Scalper Rule
Learn how world-class traders make money from exploiting micro-spreads:
- What is Forex Scalping
- How Does Forex Scalping Work
- Requirements for Forex Scalping
- Forex Scalping Advantages
- Forex Scalping Disadvantages
- Best Currencies for Scalping
- Best Time for Scalp Trading
Video #4: FC Parabolic Attack
How to use this little known method to get Big Winning Trades:
- Parabolic SAR
- PSAR Calculations
- Common Uses of PSAR
- PSAR Analysis
- PSAR Example
- Limitations of SAR
Video #5: Forex Endpoint
- "It All Begins Here"
- Tips for Forex Trading
- How to Cut Risk
- How to Find a System That Suits You Best
One of the key advantages of Forex Onslaught is the drawdown protection function that prevents your possible losses from getting bigger. So your potential losses will be small and limited. Based on this, this Forex robot would be to say that is safe with compared to other automated trading systems.
Forex Onslaught allows you to set up a demo account so that you can practice trading without risking any of your own capital. This way, you can get a feel for how the product works and how it finds profitable trades. You can see how it waits for the proper time to make a purchase or sell when the market begins to decline.
The Bottom Line
If you're a busy individual who is keen on the idea of making money without learning or working hard for it, and has a capital to invest, then Forex Onslaught is worth a closer look.
Only when you are satisfied that the robot works do you actually have to risk anything by then using it on a live account, and you don't have to do this until you are sure doing so carries absolutely zero risk.
Being able to receive an advance copy, I myself have now been using it on a live account for a few months now, and I have to say that it has consistently made winning trades on the lower risk setting.
Of course, I haven't been able to make the kind of huge amounts their website claims, but then again I have only yet tried it out on the lower risk settings. My next step is to slowly try out the more aggressive higher settings, and who knows how much Forex Onslaught will make for me.
Ready to give it a try? Click here to visit Forex Onslaught
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