Forex Tracer Trading System Review

Having received a TON of promotional emails for Forex Tracer, we had to take a look at what "everyone was talking about", it seemed.

Essentially, it's an EA (expert advisor) script which plugs into the Meta Trader 4 platform (common practice nowadays). It also comes with 2 bonus indicator scripts and a $100 bonus demo account.

Unlike many of the leading forex trading systems, this one is sold as a product not as a "system" which a successful trader has created. By removing the whole "figurehead" and "celebrity" aspect of this software, we were very curious as to how well it performed and what it was capable of.

We wanted to see if it lived up to the hype and masses of exposure...

Forex Tracer Overview

ForexFromScratch awards this product: 4.5 / 5

A steady system which will steer you through even the most volatile of markets - Forex Tracer not only lives up to its website claims but in several ways - it surpasses them.

With a strong company behind the software, giving out professional and timely customer support, you can be sure that an investment in Forex Tracer will pay for itself very quickly.

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Click Here For Forex Tracer's Website

...Or continue reading for our full review
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What Forex Tracer Claims To Do

Forex Tracer is an EA script which is supposedly meant to earn you profit on "autopilot", with (direct quote) "no human intervention required".

The system apparently turned $25,000 into $335,000 in a two year back test - a screenshot of which you can see at the top of the Forex Tracer website. Whether this achievement was done "automatically", we're not told - but the common theme throughout the website is that this is a fully automated system.

The system works by “tracing” the various currency pairs you instruct it to, making calculated decisions based on profitable “signals”. Depending on how confident you feel about letting it loose with your cash (we strongly recommend you use a demo account first), it’s advertised as a true “hands-off” solution which requires "no intervention".

Along with the Forex Tracer software, you also receive:

$100 for your own demo account - this will be vital for testing the system to see if it really can deliver everything it promises.
2 custom made indicator scripts - "FX Cherry Picker" is a series of 2 scripts which work with the Forex Tracer software to give you accurate guidance on when to trade.

No matter about what it claims, promises or shows on its homepage - the fact remains that Forex Tracer is still a popular forex system and so we need to know if it lives up to the hype or not...

What Forex Tracer Actually Does

We're going to be brutally honest here and say that if you've used other automated forex systems before, then Forex Tracer isn't going to bring anything new.

To quantify that statement - the system does exactly what it sets out to - delivering highly profitable, consistent signals whenever you need them. However, you still need to feed the right data into the system AND set the system up in order for it to work properly.

The authors do bundle some decent documentation with the system and they do have some outstanding customer support (we've seen numerous reports of the company actually ringing up customer who voiced problems on public forums and they helped them solve the issues right there).

The Forex Tracer system works - it works consistently - and it's user-friendly package (complete with a "do this, do that" style of documentation) truly makes it easy to use even for relatively novice traders.

Conclusion

Forex Tracer is definitely a worth-while system to invest into, no matter how "experienced" you are at forex trading.

It's consistent results coupled with some outstanding bonuses give this product a big edge over many of the other forex systems out there. It is an automated system which does need coaxing along but the fact is that it works and works well.