Forex Killer Signal Software Review

forex killer software

A signal generator or a program that does all the analytical work in finding trading signals for a chosen currency pair has plenty of merits as part of a trader’s broader trading system. A problem facing traders is when to correctly enter a trade if there is doubt over the strength of a signal.

Automatic and unbiased trading signals from the signal generating software helps eliminate the uncertainty of whether to enter into a trade.

By taking out the analytical work involved in technical analysis, traders can focus on other research areas, including price action and fundamental analysis. One of the best forex pickers is the forex killer.

Forex Killer Is A Signal Generator

As a signal generator, Forex Killer should not be confused with automated trade programs like Odin or Vader, which carry out the actual trading work.

Forex Killer requires a little more from you in this respect and is ideal for traders who want more control over their trades than an automated program that finds trading opportunities, acts on them, and then pulls out when that trade goes south.

To use Forex Killer, you need to have a basic knowledge of the forex market that extends to technical analysis.

Forex Killer works well to spot trends and signals

Dramatic names aside, Forex Killer is a very competent and powerful forex signal software tool designed by a successful forex trader called Andreas Kirsch Berger. Its algorithms, which it uses to trade, are based on several winning trading techniques, all bundled into one trend scouring forex picker.

Forex Killer also makes use of behavioral overlaps finding strong trends from the past and looking for similarities in the current market for a currency pair. Professional traders have always used historical data for trading directions regularly.

Forex Killer Key Features

  • Free lifetime software updates
  • An easy to understand software tool
  • Independent software that is compatible with many trading platforms
  • Works with wide ranging currency pairs
  • Suitable for both new and experienced FX traders

Results

Traders report profitable outcomes using Forex Killer on signals generating a 75% probability and upwards.

A Look At The MetaTrader Platform & Charting Software

Most online forex brokers provide a forex trading platform for their clients. Some online brokers have built a bespoke trading platform, but many use a platform under license known as MetaTrader.

metatrader 4 software on a screen

What is MetaTrader?

MetaTrader is a software product from MetaQuotes, a Russian software company, and has become one of the best forex trading platforms.

First released in 2002, an enhanced version called MetaTrader 4 was released in 2005 and saw its popularity grow with online forex brokers. MetaTrader 5 was released in 2010 and is the current version available. Broker preference for MetaTrader lies with it being a full-cycle trading platform with both a front-office terminal and a back-office system. It means a broker does not require additional software to to start or grow a business.

What is behind the popularity of the MetaTrader platform?

MetaTrader offers several advantages for users. The user interface and user experience are excellent with easy to use tools, including interactive charting software. For traders, the ability to plug in third-party software, including forex robots, has also been vital in the growth of the MetaTrader Platform.

Forex Robots and Expert Advisors using the Metaquotes, MQL coding language now proliferate the forex software market. Traders incorporating automation as part of their overall trading strategy are naturally attracted to MetaTrader.

MetaTrader is a software product from MetaQuotes, a Russian software company, and has become one of the best forex trading platforms. First released in 2002, an enhanced version called MetaTrader 4 was released in 2005 and saw its popularity grow with online forex brokers. MetaTrader 5 was released in 2010 and is the current version available.

Meta Trader Charting Software

The charting software, available for users of the MetaTrader platform is excellent. MT4 and MT5 both have solid charting software with similar features to Esignal and Ninja. MT5 has improved charting timeframes over MT4 with 21 time frames available. MT5 also has 38 built in indicators compared to 30 on the older MT4 software. Users love the interactive capability of MetaTrader charting software.

Self-build automated software using MQL

As well as plugging in automated software purchased from developers and built using MQL coding, some traders also develop their MQL4 and MQL 5 scripts using MetaEditor to create an algorithmic trading program that aligns with their strategy rather than buying off the shelf.

If you have a proven and profitable trading strategy and want to build  Expert Advisors or Forex Robots closely aligned to your strategy, it is also possible to hire forex software developers if you do not have the coding skills.

Finding a freelance coder specializing in forex may not be secure. Thankfully, the forex trading community on forex dedicated forums is an excellent place to discover recommended developers for MQL software.

Ivybot Forex Robot Review

Ivybot was an Expert Advisor initially developed by a group of Ivy League graduates who were trading the currency markets while still in college. Their knowledge in mathematics, computer programming, and finance helped create the Ivybot Forex robot. The product was the result of extensive accumulated trading experience in the field of manual trading.

The Launch of Ivybot

The Ivybot was initially a toll for the graduates’ own personal forex trading deals only and saw an eventual release as a licensed product to the forex trading community.

Following its release in the late noughties, there was a lot of interest surrounding the product. Unfortunately, Ivybot did not live up to expectations and is no longer available to purchase as a product.

Poor Performance Reviews

Reviews were quite scathing of the Ivybot with complaints revolving around the EA risk settings and how they did not always work, leading to trading losses. 

Key features

  • Four robots made up the Ivybot. Each robot was designed to manage a different currency pair. Many trading software robots have a single set of code that calculates different kinds of pairs. The Ivybot had four, which at the time was sophisticated.
  • The Ivybot software cost $149.95 as a one-time payment when it was available for sale
  • A claim that the EA would increase your seed deposit by 500% in just 190 days.
  • The Ivybot was an EA to keep track of market conditions and movements 24 hours for coverage across the different world trading sessions.
  • Backtesting by the developers showed it to be an efficient robot with features optimized for high winning percentages.
  • The developers behind Ivybot promised unlimited software updates for purchasers of their software.

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Forex trading automated trade programs: The Fap Turbo

There are a number of different automated forex trade programs on the market today which all promise to trade effectively and automatically for you around the clock to bring in reliable profit with no prior experience or knowledge of the market necessary.

FAP Turbo is one of the programs which does this and many traders and experts have hailed it as an automated moneymaking machine. Others, however, have labeled it a scam, and I found it difficult to find a legitimate review amongst all of the sales pitches I read.

Once I heard about the 60 day money back guarantee I decided to test it for myself. This is the FAP Turbo edition of my forex trading robots reviews.

fap turbo software

I’ll begin this edition of my forex trading robots reviews by mentioning about how FAP Turbo works to automatically trade for you for all of those who are skeptical or confused. It operates largely by reacting to changes in the market and constantly keeping a watch over real time market data, scouring for profitable trading opportunities.

Once the program has found what it deems as being a profitable trading opportunity, it invests accordingly and then follows that trade’s performance along in the market to ensure that you are constantly earning money on it.

Once the market fluctuates out of your favor, the program trades the now bad investment away to shield you from debt and begins the whole process over again.

Something I always mention in various forex trading robots reviews is what to expect when you first get the program. With this program, you’ve got to decide when you get it whether or not you can leave it running and connected to the internet on your computer 24 hours a day.

The FAP Turbo is a reliable piece of kit

The reason for this is because as I said FAP Turbo works by reacting to changes in the market, and consequently it needs constant access to real time market data to do this. For some people this maybe is not an option which is why the publishers offer you the option of having the program run on their own dedicated servers for an additional monthly charge of around $15 I believe.

The major difference between this trade program and virtually every other program which I’ve ever tested in other forex trading robots reviews is that FAP Turbo focuses entirely on lower risk trades making this easily the most conservative automated trade machine which I’ve ever used.

This was always my major complaint about the majority of other programs which I’ve ever tested or that they traded much too aggressively, going after any and all trades regardless of the risk factor associated with it.

It’s evident that the publishers of FAP Turbo kept this in mind when designing the system as it keeps much higher standards with the trends and must meet affordable invests accordingly. If no trends meet these standards, the program continues to search and consequently its daily trading activity will fluctuate greatly, depending on the market and trends present.

All together this gives FAP Turbo easily the greatest winning rate of any automated forex trading program out there today making it ideal for newcomers and more casual traders alike to make some good money in the Forex market.

The Forex Megadroid: Our Review

Forex Megadroid is a trading robot utilizing the latest AI technology, which claims to allow it to forecast with over 95% accuracy in optimizing the correct time to enter the market.

forex megadroid

The Megadroid is a scalping robot that targets small profits on each trade. To maximize profits, it requires low bid/offer spreads, low commissions, and rapid execution.

The software uses artificial intelligence, and an advanced set of algorithms called the Reverse Correlated Time and Price Analysis or RCTPA, which helps determine the current market trend based on both past and present market data.

Forex robots tend to have their best results over short time frames in markets that are rangebound. The developers of Forex Megadroid claim it works under any market condition to trade profitably for the user. It can configure for both short and long-term strategies based on your trading system.

Forex Megadroid has gained the trust and confidence of many traders and is one of the market’s most popular robots. It is easy to use, and the installation takes less than 10 minutes.

Forex Megadroid: One of the best robots on the market

Unlike any other trading software, it does not need any other external software installations to aid in its work as its package already has everything it needs. It also does not have those hidden monthly fees typical of other software products.

Key features

  • 60-day moneyback guarantee
  • Free lifetime updates
  • Fully automated
  • Compatible with MetaTrader 4
  • One license included
  • Full customer support

Summary

An extremely popular robot, the Forex Megadroid is straightforward to install with the provided set up instruction and pre-set files. Along with excellent customer support and lifetime updates, it is one of the more reliable robots on the market in terms of trading performance and overall support.