russ horns free forex trading strategy was a loser using trailing stop

by Fritz
(brainyforex.com)

0 star. For Russ Horns free forex trading strategy. This free strategy that he gave out as a part of his promotion for his RRM method only works when the markets are either trending up or down in a MAJOR WAY. The system loses all it's profits once the market starts to consolidate into a sideways range.

Brainyforex's testing shows that this strategy when used with a trailing stop is useless. As seen from the demo account, this system is a consistent and steady loser. 2 months testing on demo account, it lost 22%. Read more below.





When Russ Horn was promoting his Rapid Results Method trading system to the public he gave away a free trading strategy called Forex Power Pro as a goodwill gesture to show that he is a genuine trader educator. (Russ said it works really well and he uses it as one of his favorite trading strategies).

Brainyforex had this trading strategy professionally programmed into an automated trading system as Russ Horn's marketing did say he is one of the best forex traders in the world.

The results are shown above through mt4i.com. Unfortunately, the results have just been a steady decline in profits on the demo account for the whole three weeks it was tested. Of the four currency pairs tested (AUD/USD, GBP/USD, USD/CAD & EUR/USD), only EUR/USD showed a small profit so only this currency pair is currently remaining on testing after 1 January 2013 for a little while longer.

System now taken down from testing as EUR/USD even started making consistent loses like the other pairs.

Rated at 0 star.

PS - Not sure if this strategy would work with a take profit target of x pips with a similar x pips stop loss instead of using a trailing stop. I sure wish Russ had tested this system better as it's obvious from our testing that using the trailing stop is never going to produce any profits.

Comments for russ horns free forex trading strategy was a loser using trailing stop

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Jan 07, 2017
little explaination added to Russ Horns strategy
by: Mafon

Hello Fritz,

thanks for your immediate response. I use the first of the manual technique called "power trader".

It 'a old known technique that Mr. Horn try to made simple, in any case, if applied well it works. This technique is based on retracements applied on a trend. Indeed Mr. Horn should have explained that the technique works very well only if you have a basic knowledge of technical analysis (support and resistance, Fibonacci retracements, many TF analysis) and using the technique only during the usa e london market open simultaneously . For example if you apply the strategy in a rising market, near a very important resistance, it is almost certain that it will not work. Knowing these few things the technique works.

The poor mr.Horn, next time will have to add some details to the novices, otherwise, as has happened, he will have the whole world against him.:-)

That said, if you apply the strategy in a mql system night and day and using only the items written in the manual, of course can not work indeed, it will give poor results.

thanks for your attention and congratulations for the site
Mafon

Jan 06, 2017

by: Fritz

Hi Mafon

I ran this test a few years ago. The test was run from 3 December 2013 to 29 January 2014. ie 2 months / 60 days.

Back then I think Russ only gave away one method?
This free strategy that he gave out as a part of his promotion for his RRM method. It was called the Forex Power Pro provided as a goodwill gesture to show that he is a genuine trader educator. Russ said it works really well and he uses it as one of his favorite trading strategies.

On the demo account of $3,000 it ended with a balance of $2,346. Running the major currencies AUD, EUR, GBP & CAD all showed consistent losses.

There were 258 trades, 58 winners and 200 losers. The average win was 20.8 pips and the average loser was 9.9 pips.

I ran the test with the recommended trailing stop which I cannot remember now since it was three years ago.

If you want me to do some more testing of Russ Horns trading strategies just send me the information and I will put it on test. If you have some trading results from your own accounts, then please add them here.

Thanks for sharing your comments and I look forward to doing more testing as I do know that sometimes market conditions in the short term can be cruel to any trading system or method.

Jan 06, 2017
your test
by: Mafon

With which of the four techniques explain in the manual you have tried the trailing stop and how many pips away?
The market was very volatile?
I saw that you have tried the technique during the Christmas period, can you try the technique in another period and add more details in your ccomment ... thanks

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