[Xanadu]

OK, Mike asked for reviews, so here's mine!

I'm a trader of about 10 years experience, back after a six-month break. Fed up with the stress and emotional aspects of trading my own systems, I thought I'd look around for a decent system to follow blindly... Ha! Not that I could...

Reading up in other forums and forexpeacearmy, the Stealth System had mostly good reviews, so I bought it a few weeks ago. Here's my comments and performance report.

It's basically four indicators to plop into Metatrader and run mostly on the 15 min charts. Reasonable instructions and I was convinced the guy actually trades it himself - no BS about get rich quick and says that many trades don't work so grab what profit you can!

I emailed him before to say that I thought MT4 demos only ran for 30 days and got a quick reply saying that you can renew the demo indefinitely by simply asking for more play money. A nice way to get free charts and data, by the way...

Set up and running, it looks very pretty and very impressive with buy and sell arrows generated above and below the candles and three confirmation indicators in windows below. Also has fractals to act as stop indicators but I deleted them after a while! Basically, if all four say go, you trade in the direction of the arrow. Main currency pair is EUR/USD but allegedly works on any.

I disagree with that but three weeks may not be long enough to know for sure. I found decent results were had on the EUR/USD, GBP/USD and USD/JYP. Others such as NYZ, AUD and CAD were full of false signals and the EUR/GBP only seems good UK mornings.

Three types of trade, the 15 min chart where we go for maybe 30 - 50 pips with a 30 stop and lasting about a couple of hours or so; a 'scalper' where we take one signal from the 15 min chart then wait for an agreement from the 5 min to nick a few points and an interesting 'Creamer'. Now, the Creamer is done between 0:30 and 6:00 UK time (not GMT as it says in the guide!) and is done on the USD with either the NYZ, AUD or JYP - obviously on the Australasian exchanges. It works not from any of the Stealth Indicators but from Bolinger Bands on the 30 min chart. The idea is that it's a fairly rare setup we are waiting for then we place the trade and forget it (or go to be). Too late for me but looking back at the charts it seems OK,

Now for the results!

I used almost exclusively the standard 15 min chart trades and found them profitable. Incredibly so, in fact. Truth is, I didn't trade a lot of them and those I did I closed early to ensure I made something - lack of confidence in the system! Of course, the problem is that all 4 indicators do not often agree simultaneously and we have to learn how much gap between each is acceptable. I found plus or minus 3 candles to be the limit. This is actually less than 45 mins because the gap between 3 candles is only 15 to 30 mins. The trade arrow appears after the candle has completed, so we trade on the open of the next.

My personal profits are not that relevant but here's the results if we took every trade, 24 hours a day on the currency pairs I mentioned.

Week 1. About 35 trades & 32 winners. App. 500 pips profit. Loss 35 pips. Wow!

Week 2. About 52 trades & 31 winners. App. 700 pips profit. Loss 120 pips.

This week to Wednesday. About 32 trades & 14 winners but 7 break-even. App. 370 pips profit but 110 pips loss. A very scrappy week as you probably know.

I've had to put 'App.' because some trades are open to interpretation whether they are good signals or not and this is the main problem. However, as you can see, if we take them all as I interpret them, we make a decent profit, so far!

As ever, the problem lies in being around at the right time to catch the decent signals despite the fact that the Stealth comes with an audible alarm. This is quite useless because it goes off seemingly when just one signal is OK, i.e. all the bl**dy time!

Bottom like is I am actually very impressed with it and believe that if we traded it by religiously following the signals, we'd do quite well. I am well aware that most systems are rubbish and probably a con (Forex-Killer where Andreas Kirchberger is actually an actor who can be seen on the acting agencies website?) but this is most definitely different and something well worth considering.

Yes, I find it hard to believe too! Do a Google search for Stealth Forex and read the reviews that are not obviously by affiliates after commission!

[BigE]

Excellent Review Xanadu Please feel free to contribute as much as you see fit, it helps everyone a lot.

[JFK]

What exactly did the indicators do? What were the methods for entry? Waiting for price to cross over a certain line and another indicator to line up? etc.?

Very interested

[Xanadu]

Sorry, didn't see your question for a few weeks!

One indicator produces an arrow above or below the candlestick indicating a possible trade. Below, in the windows are the others. A buy/sell indicator is a line that changes colour (or disappears altogether) and the same for something called the LCD indicator. Then we have a blue and yellow line (like an MA) and when they cross, that's another signal. We also have sometging that looks like a MACD. When they all say 'go' on the same candle (or very close) we trade!

[FxSupplier]

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EA's and Indicators:

Forex Funnel

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Stealth_Forex_V10

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[BigE]

Never trust second thoughts, there'll be a 3rd and a 4th and you'll be thinking forever!

Great Motto!

[BigE]

How much is a consistent, automated second income worth to you?

How much would you value that second cheque going into your account each and every week?

With your new professional forex trading systems you will be ahead of 99% of the rest of the forex traders, ready to secure consistent, quick fire, automated winning trades from the comfort of your own home.

Those who aren't serious enough to take action, will be left behind. I only expect a handful of people will be up to the challenge of securing an easy second income from Forex, while the weak and uncommitted traders will doubt my offer and miss out.

Now is the time to join hundreds of other profitable users winning every day with forex, consistently cashing in from home in the forex markets. Don't get left behind, take your chance now, and secure your future success with my offer of the Forex Auotpilot Trading Package: ForexAutopilot Universal, FAP-Winner, FAPTS-WinnerGridTrader and the System that is truly balzing in profits: FAPTurbo
for a one-time, discounted price of only $40. Included with the systems i will be giving away with each purchase the real secret to making the FAP pack really put your profit taking into over drive the FAPTS EA Revised Settings Booklet ABSOLUTELY FREE!

Unfortunately i will only be giving this great package at the ridiculously low price of $40 for the first week of December 1st- 7th 2008 only, so email me now at: [email protected] for payment details

P.S. -- The bottom line is: If you pass up this offer, you may never know how much you could have earned from Forex? Will you be any closer to your dream of financial freedom? Will you magically uncover the methods that the real Forex money makers use? If you email me now: [email protected] , I guarantee that you will.

P.P.S.-- Due to the overwhelming response to my Top 10 Mechanical & Automatic Trading Systems Package:

EA's and Indicators:

Forex Funnel

Forex Beater

Forex Raptor

Forex Tracer

Stealth_Forex_V10

Profitable Trend Forex System

Chameleon 2008

Steinitz_HAS_MTF_Hedge_v3_19

FOREX AUTO TRADER

FOREX ASSASSIN

Mechanical Systems & Ebooks:

Forex Avenger

Forex Trading Machine

FxBlaster

FXLoopHole(videos included)

Forex Ace

C.O.T.L_or_ZTL_FOREX_STRATEGY

10 Minute Forex Wealth Builder by Dean Saunders

Blade Forex Strategies by Dean Saunders

TraderBo Divergence System

Sure-Fire Forex Trading by Mark McRae ( plus a bonus: Surefire_Trading_Plans)

For only $10 more i will include all of the above systems as a pre-Xmas bonus to ensure your profiting from Forex this Holiday Season and a Happy New Year! thats only $50 for over 25 of the most profitable systems of 2008!

And just for emailing i'll send you the "Bird Watching in Lion Country" by Dirk du Toit which was used by the only two profitable traders out of fifty contestants (trading with live accounts) in FXStreet's recent 2007 Trader of the Year competition. Both of them used the strategies they learned in Dirk du Toit's "Bird Watching in Lion Country". For FREE!!

Dude, you seriously need to stop

[windtalker]

@Xanadu.
Is the Stealth system still performing for you?

[adry-fx]

waiting for life statement

[Lucky Trader]

Hi everybody....

I've been trying to trade with profits since 2005....in vain... I am so tired and disappointed....

Guys, all I want is to ask: is anybody using free trade signals provided by www forex-win com? Want to use them myself but need smb's advice first...
Maybe smb has some good ideas?

Thanks

[safeandsimple]

I paid for, and lost money with, a paid signal service and a chat room. Before spending a lot of money on inconvenient and/or complicated software, why not check out the easy and free strategy at forexsafeandsimple.com. No risk in trying it on a demo account, and I can tell you that the returns I've gotten in the last couple of months are far better than what I got by paying people to tell me how to lose money.

[Mike]

I too have tested out $1000's worth of systems and bots and software. Developing my own strategy always seemed to work best most consistently.

[Perry]

@Xanadu.
Is the Stealth system still performing for you?

i pose the same question to you xanadu

[VanForex]

That is a good review..
I was reading with this and could find dome stuff of ideas
that really helps me a lot

[SPANKIE]

I too have tested out $1000's worth of systems and bots and software. Developing my own strategy always seemed to work best most consistently.

This is good to know

[tab]

I think this is a dead system.

[TopTrader]

Thanks for taking time to review this waste of time hehe,

[thefxguru]

Is stealth Forex still in business, wait, I think not.