THE AMAZING STEALTH FOREX TRADING SYSTEM
THE AMAZING STEALTH FOREX TRADING SYSTEM™
Today's review is about the Stealth Forex Trading System. We purchased this product and tried each of the trading strategies with the Stealth indicators. There are three strategies, scalping using the 1 and 15 minute charts, a 15 minute day trading, and an overnight 30 min chart strategy.
We will give our opinion at the end of the article. Let's first review the details of this trading system.
"The precision trade entry points working in conjunction with the stop loss position indicator shows you exactly where to enter the trade and where to immediately place your stop loss to ensure an absolutely minimum draw down on each and every trade and of course, the exit strategy leaves nothing to chance. This is forex trading at it's very best."
This system includes the following:
1. A direct link to the MT4 trading platform and demo account
2. The Stealth BUY SELL Indicator
3. The Stealth LCD Indicator
4. The Stealth Hybrid Indicator
5. The Stealth Early Bird Alet System
6. A PDF setting up trading strategies and money management
No matter whether you are a complete novice or experienced in currency day trading, this exciting, low cost, easy to follow forex trading software, complete with Custom Forex Indicators can enhance your trading performance.
OUR EXPERIENCE: When the indicators would change colors and when all the set up parameters were positive, we would initiate a trade. Trades were made at the 1 minute, 15 minute and 30 minute time charts. We had some excellent results. Sometimes the indicator(s) would either disappear or change to the other color in a short period of time. Thus, we would exit the trade for a small loss. Because of this, I found it is best to wait for the candle to close before initiating a trade. When the color bars change quickly, it is most likely a signal that there is a sideways day so it is best to not trade.
It is vital to stay out of the market in a sideways period. This system as well as most trading strategies should only be done when it is a trending day. Experience on determining a trending day will separate the long term winners from losers. This system helps with this.
What I like are the rules that must be followed to enter a trade. This system forces trading discipline, which is the hardest thing to learn in trading. With this system, there is a very specific setup that must be met to enter the trade. There is a defined stop loss too.
I used the 15 minute strategy with a defined 30 point target and 20 point stop loss and had very good results. I would suggest that either this 3:2 ratio or the author's system be tried on a demo account first.
For me, I felt the investment in this system was worth the fee because I like to have something confirm a trade I want to enter. Some people join online trading rooms because they want others to confirm the trading idea. This is like having an objective friend confirming or denying the trading idea.
Even if you are an experienced trader who picks your own trades, you can look at the indicators and rules on the Forex Trading System to see if it agrees with you.
***Does website have a company address: NO
Does website have a telephone number: NO (They have excellent customer service via email)
Does vendor offer a money back guarantee: YES
Does vendor use a name: YES
If you want further information on this product Click Here
Hi Craig,
I've been using stealthforex on demo acct for couple months and also noticed the repaint. You said you wait until the close but the problem is the previous bar gets repainted based on what's happening on the current bar so you get stopped out. This doesn't only happen in sideways market.
That said, I think this is a really good system if you stick to the rules like you said. Are you still using it with success? Other time frames?
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Hi Dan,
Try testing 10 trades where you get out every time it repaints and stay in when it doesn't repaint. Say you get stopped out 4 times from repainting and 6 times are winners, you should still have profit because the stop outs are a very small loss. Only use the small spread pairs. We just used the product for our testing period.
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