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Update July 2011- The company behind it are absolutely useless when it comes to support issues. It was a great idea but unfortunately many people had problems and returned it, including myself. Its a shame but I can never understand any body going to so much trouble and expense of making a potentially decent product and then just quitting when there were a few problems. My best advice, DONT BUY IT!
This little piece of software will be absolutely awesome for those of you wishing to trade daily/longer term charts & also USA followers who are having problems due to the new NFA forex broker regulations. Similarly for LMT users this will be invaluable for those who trade my method of splitting trades into 2 lots.
What the software does is it works with metatrader, but is invisible from your forex broker. If you are USA based you can still place all the types of orders as before the new nfa rules; ie OCO's & limit orders that your brokers can not allow, but now you won't have to move to an overseas broker to do it. (It is legal don't panic)!
It also cures the problem of the poor performance of the trailing stop feature in metatrader. I have stopped using this as it is so unreliable and seems to have a mind of its own!
It has too many features to mention here but the great thing is for those of you who want to trade off the daily and 4 hour charts you will simply be able to set & forget trades.*
The great thing for me is for those of you who want to trade off the daily and 4 hour charts you will simply be able to set & forget trades.
As you know I trade 2 lots. When the 1st lot hits my 1st target I manually move the stop on the 2nd to entry. Sometimes I have sat for up to 7 hours waiting for this to happen.
This piece of software does it for you automatically. So now you CAN look at your charts for 15 minutes a day, Set the trade and walk away. Job done.
You can set a trailing stop to kick in once you have hit your profit target. Eg, you want to leave a trade running, but don't want to hang around. Set the trailing stop to start at 20 pips or whatever you choose.
You can also get metatrader to send a text to your mobile when any part of a trade triggers.
It makes metatrader clearer to use & LMT traders don't have to rush & calculate targets & stops, you simply type in the required stop loss & it does it for you.
The opening offer price is only $97 and for the first ones to take up the offer they are including two weeks free membership of their new signal service (value $100). It has a 60 day guarantee and to me is definatly worth it. I bought it on launch day and already wouldn't want to be without it. If you would like to check it out,
Click Here! (if the page still says webinar- just press refresh).
Catch you later, Marc
Forex Executor Pro
* There is one problem that all ea's, robots and software that is working from your computer have, namely power cuts/internet connection problems. If you lose either and a trade is "live" then your stop loss/take profits dont work. There are ways around this. One is to have whats called a vps host where your connection is virtually guaranteed. Personally I have battery back up for an hour in case of power cuts & have my laptop with me. Forexexecutor pro say you may be able to arrange an emergency stop with your broker. I have emailed a few today and am waiting for a reply on this.
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Originally Posted by TheBard
