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Archive for May 29th, 2009

Revisiting Forex Deal Butler

May 29, 2009 By: The Forex Noob Category: Forex Tools No Comments →

I’m always interested in giving someone/something a second look so I revisited the Forex Deal Butler site. I believe the entire site has been updated, I’m not positive about that but that is my first thought. The site is refreshing in that it is not the typical spam-n-scam template that most like products choose.

Previously there was a $4.95 non refundable trial fee and  the system cost $2100, charged to your account if you did not cancel within 10 days. Currently the trial is free for 7 days and if you do not cancel there is a $297 per month charge. Deal Butler appears to be more than an EA you load and let run it includes the software and coaching. The monthly fee seems to be more of a membership fee than the price of an EA.

Here’s the Free Trial Info from the Deal Butler site.

Free Trial Info:

What all can I do on my Free Trial?

Everything! You have Full Member Benefits. Access to the coaches, full access to the software, All-Access pass to the Membership site. We’re not holding back – after all, how can you decide otherwise?How long is the free trial?

You have 7 days from your order.

How much does it cost after the trial?

After your 7 day trial, should you decide not to cancel, you will be billed two hundred and ninety seven dollars a month. This will give you unlimited access to everything – the software, our award winning Home Business In A Box Forex Kit, and all of the coaching (FOUR times a week, with live real professional traders) and member support.

Here is the How It Works portion from the Deal Buster web site.

How It Works:

How does Forex Deal Butler work?

FXDB actually ’senses’ the energy in the market. For example, when trades are jumping into a market and grabbing everything they can – FXDB will report the exact moment it starts… and ends.

We do this by comparing how the market trades throughout the day and by checking to see if price is “following through”. Much like a good golfer or baseball player will hit the ball further if they use good follow-through.

Does the software do everything for me?

Well, not everything! This is one Butler that will NOT do windows. Seriously though, this is not a 100% automated system – it is a 98% automated system. That’s because we, like 99% of all professional traders recognize that the most powerful computer in the world is the God-given brain.

We can take nearly all of the hassle off your shoulders, but for the last 2%… Well that is where our professional coaching staff comes in. Your coach will take you by the hand to long-term consistent trading success.

Is this system suitable for complete trading newbies?

73.1% of our Members think so. Getting started is quick and easy and support is always there to help.

How long is the free trial?

You have 7 days from your order.

How much does it cost after the trial?

After your 7 day trial, should you decide not to cancel, you will be billed two hundred and ninety seven dollars a month. This will give you unlimited access to everything – the software, our award winning Home Business In A Box Forex Kit, and all of the coaching (FOUR times a week, with live real professional traders) and member support.

What all can I do on my Free Trial?

Everything! You have Full Member Benefits. Access to the coaches, full access to the software, All-Access pass to the Membership site. We’re not holding back – after all, how can you decide otherwise?

How fast can I start making money?

That’s up to YOU. We have some traders that are making money from day 1. We encourage everyone to make sure they have a plan and demo trade (with fake money) to start.

Remember, this isn’t a job or some pyramid scam. You make money trading by following the rules and using a good system. We give you the rules and the system, but we can’t push the buttons for you!

Can I cancel any time?

Absolutely! Our goal is to help you be successful and to reach your goals. We may be professional traders now, but there was a time we could use some hand-holding. We’ll never give up on you – but you can cancel at any time.

Can I access the software over the Internet on my PC or Mac?

The software needs PC software to run. I’m running Windows software on my Mac Pro and Macbook Pro without any trouble.

What are the system requirements on my PC or Mac?

If your PC computer is less than 5 years old – it will work. If you have a Mac, you need the Intel chip to run Windows.

I’m still unsure if it is automated or not. “this is not a 100% automated system” is a quote from their own site. It is stated within a quit that Deal Butler is 98% automated, “…it doesn’t do windows” (Careful, that can be confusing, Windows is the OS it functions on, no Mac).

I am now attempting to start a Free Trial but the site is not taking my info. It seems to reload the page with my info still in the entry fields. I’ll keep trying and we’ll see how it works.

If you have experience with Forex Deal Butler or any other forex EA or system let us know.

Thanks for your time,
The Forex Noob

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Revisiting Forex Deal Butler

Forex Update 5/29 – FAPTurbo Long Term

May 29, 2009 By: The Forex Noob Category: FapTurbo & MegaDroid Update 2 Comments →

I just checked the  FAPTurbo long term trade on EURUSD that was still open on the LiteForex (REALForex) demo account. It closed after hitting its TP.

liteforex-5-29

I love to see something work as expected. Too often I feel I’m being negative wehn posting updates about EAs. This was great news to me.

Thanks,
TFN

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Forex Update 5/29 – FAPTurbo Long Term

Morning Forex Update 5/29 – FAPTurbo & Forex MegaDroid

May 29, 2009 By: The Forex Noob Category: FapTurbo & MegaDroid Update No Comments →

Friday Morning Forex Updates are generally sparse. Neither FAPTurbo or Forex MegaDroid trade on Fridays unless you change the No Trade Friday setting in FAPT. I allowed FAPT trade on Friday early in my testing and found it unwise. That may have been due to very volatile markets or just that FAPTurbo does not like Friday. In any case I now have the default No Trade Friday set.

FxPro made no trades with either FAPTurbo or Forex MegaDroid.

ForexMeta made no trades with either FAPTurbo or Forex MegaDroid.

LiteForex (REALForex) made no trades with either FAPTurbo or Forex MegaDroid.

The FAPTurbo long term trade on EURUSD is still open on the LiteForex (REALForex) account is still open. I am happy to see it in the positive

liteforex-5-29-open

I have often traded long term and don’t mind waiting for a trend to head my way. One thing to remember is that if you have a smaller account balance, under $5,000, you may be limited with what trades you can open safely depending on your long term positions. You don’t want to have a couple larger long term positions open and start scalping only to get stopped out due to margin limits. Been there, done that.


That’s it for this morning. Have a great weekend.

Thanks for your time,
The Forex Noob

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Morning Forex Update 5/29 – FAPTurbo & Forex MegaDroid
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