The Forex Funnel System
Forex Funnel System
Forex Funnel is one of the newest Forex trading robots to enter the market. They have a fantastic back testing graph on their homepage showing a very smooth upward equity graph, with a high success rate, low drawdowns and a net profit of more than $400,000 from 4 years of trading.
Forex Funnel
I spent hours online looking for actual customer reviews of the product, but all I found was general overviews containing exactly the same info that was already available on their webite, which isn’t a lot. So I decided to purchase the product and see for myself if it really is the profit pulling system that they say it is.
Forex Funnel uses a high risk, high reward trading strategy that can make you a LOT of profit, but it can also wipe out your account quickly if you are not careful.
Compared to Fap Turbo (the most popular Forex Trading Robot), Forex Funnel is a much more risky system that requires nerves of steel and a lot of starting capital to achieve roughly the same results. Nevertheless, if you are looking for an exciting system that produces high returns and you are prepared to take the risk, then Forex Funnel could be the product for you.
What’s Included in The Package?
The Forex Funnel system itself comes in the form of an Expert Advisor written for the Metatrader Forex trading platform. The system performs anything from 10 to more than 50 trades per day and constantly has at least 2 or 3 open positions in the market. Not much is known about the indicators it uses to enter trades, but the main trading strategy seems to revolve around the Martingale principle, which is also the thing that makes it risky. More about this later.
The Goldminer Indicator
According to the creators of Forex Funnel, the Goldminer indicator was originally meant to be sold as a unique Forex product on its own, due to it’s accuracy. Goldminer consists of 2 indicators working together to generate trade signals. I spend a few minutes looking at Goldminor and the signals it generated seemed to be quite accurate. The trading signals work as follows: Purple Arrow + Red = Sell,Yellow Arrow + Blue = Buy. See a sample chart here.
Documentation
The package includes a manual for the main Forex Funnel system as well as the Goldminer indicator. The manuals give basic installation and setup instructions, but no further details are given regarding trading strategies.
Is Forex Funnel a Profitable System ?
Commercial Forex trading robots usually have great results in backtesting, so I’m going to assume that the report they have on the Forex Funnel website is accurate and instead focus on real trading results that I achieved in my own trading account. I activated Forex Funnel in one of my demo accounts and let it trade for me on complete auto pilot for a period of one week to get a quick insight into how the system works.
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