Rover North Forex Review & Result After 3 Months Trading
Here is our review on Rover North Forex System after 3 months of trading experience using the software. We choose 3 months because we think this is the best time frame for one to really understand the performance as well as the potential of a trading EA. However, we do find a lot of Rover North Forex system review on the net which have the trading time frame less than 3 months, and we definitely have no bad comment about these reviews.
First of all, lets have a brief idea on this trading system before we discuss further. The main reason we choose Rover North Forex System is because it is the latest champion of the Surefire Trading Challenge. If you have no idea what this challenge is, no worries, this Surefire Trading Challenge is one of the best known and most popular trading competitions in the world that has built a reputation for excellence over the years.
We found that no other trading company can boast of the unprecedented loyalty of the people who follow the competition that has proven that this concept works, simply because of the following:
- No other company is so transparent in how it deals with both its competitors and the public. Every step of the process is open to scrutiny. Not only can anyone at anytime check on the competitors, they can also check on competitors statements and examine their trades.
- The competition is held over two rounds. In the first round, traders from all over the world are invited to take part at no cost, and they never have to pay or buy anything. This is the demo round. After 30-days of demo trading the top 20 traders go through to Round 2.
- Round 2 is the live round and each trader is given $1,000 to trade live. At the end of Round 2, the top placed traders receive a prize.
- At the end of Round 2, the creator of Rover North Forex work with the winners while they explain how their system works, which is an incredibly time and resource consuming part of the process.
- Once the creator have the winning systems from the top traders, they release those systems to the public. You can see the results of Round 2 here: http://www.surefiretradingchallenge.com/mem-newdesign/live.php
The Installation
This software is very easy to install and it is user friendly. We found a template with the 2 Emas (144 and 10) and the expert in it. When we choose to trade on a shorter time frame, it is really easy as if there is no setup needed. Therefore, we agreed that the installation of this software is simplistic and suitable for those who have no experience in software installation or setup.
One thing to keep in mind is during the installation, we are prompted to enter our email address as well as the clickbank receipt no#, the former as username while the later as login password. Therefore, it is important to not loss the receipt.
The System
Rover North Forex System is a web based forex trading EA, it does not installed in particular computer, hence we can use any computer to login to this EA and start to trade. We found this is a plus point because the user can do the trading activity using any computer at any places as long as there is internet connection available.
Like some of the other Forex trading systems, there will be a Forex signal(sound likes bell) given by this software when a possible trade is triggered. User have to decide to or to not make the trade by clicking a Yes or No button. Though this is a good way to prompt user, however we do feel that it is not effective enough because the user may miss a good opportunity if he is away from his computer and not able to hear that bell.
Another weakness we found on Rover North Forex system is that when the potential trade alert pops up, there is no way the user can change the time frame on the active chart in order to make sure the trade is with the trend. After we done our research, we agreed that this problem happen are partially due to MetaTrader’s fault.
Here is another plus point about this Forex trading software is that if user has Multiple Time Frame Ema’s, he can insert the Ema’s the system uses for the different time frames on the same chart. For example, on the 5 min chart, user can add and MTF EMA for the 15 and the 30 min. Multiplier can be used in this case too if the user choose to. For instances, user can add on the 5min a 30ema when he  want to put on a 5 min chart a 10 ema from the 15min. Simple math here: 3 x 5min = 15min.
The Performance
We use the larger ema (144) on the 5 min as the stop loss in this Forex trading system, after we enter the trade, we could set the stop loss to this level, and the results are pretty impressive. After 3 months of trading, we must say that this is a smart trading software which able to deliver what is has promised, though its performance is not superb, but it is definitely favorable and highly recommended. Read More>>>>
Thank You
Thank you for taking your time to read this Rover North Forex Review, if you would like to know more about this system, please visit their website using this link:
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