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