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Sunday, August 9, 2009

Forex Ambush 2.0 - Trading by Robot: 3 months Profitable Trading Now

By Forex Phil

From the get go, I am going to advise you buy this expert advisor called Forex Ambush 2.0. I have tested nearly 100 similar products, and as an experienced trader I am harsh and tough in my opinions. I simply don't care what the vendors think about me and I never back away from my beliefs. Simply put, Forex Ambush 2.0 gets my vote for sure as an excellent tool. The good news starts with their website - they actually have a real website! Not just some stand alone sales page: they have a real website.

I think you know what I mean. Say you want to buy a software program that can do "whatever", and it costs about $150-$200. I EXPECT to visit their website and to interrogate that website for every detail I want to explore about the software. And I expect to be able to send them my questions and to make pre-sales contact with the vendor.

Getting into the heart of Forex Ambush 2.0, it uses an artificial intelligence engine, custom designed to process Forex data. It analyzes live and historical currency price information in order to predict the near term future of price movements. Think of it in terms of it monitoring multiple forex indicators to form a merged view of likely trends. Once all these indicators line up each confirming what the other indicators are implying, Forex Ambush 2.0 then alerts you to buy/sell that currency pair.

Think about it. Metatrader has many forex indicators. Each indicator plots an aspect or dimension of the market that has just occurred. The forex indicators may be measuring volumes of trade, or comparing pricing pressures in some way.

Many people don't trade with expert advisors. Rather, they do all their trading by relying on the indicators built into metatrader already. Different traders have their own systems of which indicators have helped them in the past. Each indicator gives a graphical measure of an aspect of the markets, and using several indicators give a more comprehensive picture.

But what happens when say 5 or 7 different indicators are tracked, all measuring and tracking a different perspective of the currency pair. And what if these indicators all line up and say the same thing - that a market is over-sold and a reversal or correction is imminent. THAT is what I expect from my robots!

Big business has always hated smaller players in their domain and has always sought to block entry to the most profitable markets. However, there is nothing they can now do to stop the hundreds of thousands of small traders becoming a very big part of the trading liquidity of forex markets. Metatrader and tools such as Forex Ambush 2.0 now put the power in our hands, whereas before it was only the province of big banks and trading houses.

Forex Ambush 2.0's ambition is to take the technology to the wider market and into the consumer's hands. Forex Ambush 2.0 claim it has been described as working so well, it feels like it uses insider information to pick trades. From my own experience, this expert advisor definitely is reporting to me the right times to buy/sell.

I have been very impressed by MegaDroid and Fap Turbo (with Fap Winner), but I must admit that even though they both have very high profitable trade percentages, Forex Ambush 2.0 deserves a very strong thumbs up. I can't speak for the fully automatic version, as I am not paying the $97 a month extra for it. But I am very impressed with the manual, trading alert version.

Perhaps Forex Ambush is just that bit more conservative, I really don't know. I have used it for 3 months now, and I have not lost one single cent yet. Like most expert advisors, don't expect a flurry of fast and furious action all day long. Forex robots of this caliber often go several days with no trades at all. As I said, I don't have to be 100% right all the time - but I hate to be wrong ever. I'd rather miss a trade than make a wrong trade. - 23212

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