It’s not often that I get to see something totally different to what we’ve featured in the channel / website before, but it’s proven to be an exciting ride so far. FX Tracker has been an interesting new direction for this site to follow, and I think we’ll keep on going that way.
I wanted to give this review a few weeks of testing the product before I gave my full written review, and although I’m glad I waited, the long term results have been as strong as my initial tests.
If you’re looking for the quick run-down, here it is: after a good year or more of testing out mostly awful auto traders, I am delighted to have found a trading tool which actually helps me identify winning trades with a very good level of accuracy. Admittedly not the 95% accuracy they claim on their site, but still around the 80% mark, which is really quite astonishing.
So, now let’s talk about what FX Tracker is
FX Tracker is an indicator designed for the MT4 platform. It has been specifically designed for Binary Options traders, as it takes advantage of short term trading strategies as opposed to longer term, more forex orientated strategies. The good news about this, is that once a trade is identified, you’ll have your result in the next 5 minutes. This is very useful if you don’t have a lot of time to dedicate, or simply get an adrenaline rush when your trades come in, like I do.
The FX Tracker website is very simple, and contains no flashy/scammy videos, no photoshopped bank statements or anything of that nature. They do boast up to 95% success rate in non ranging markets, although as I mentioned before this statement seems a bit on the bold side, but nonetheless I am more than impressed with the results it has delivered so far.
What does FX Tracker do?
FX Tracker runs as an indicator within an instance of Meta Trader 4 (commonly abbreviated to MT4). This has been the go-to program for seasoned traders for many years due to its complexity and flexibility to add plugins and customize features. This in case is just one of those benefits, as without MT4’s flexibility, there would be no FX Tracker.
You load up the indicator in whichever asset charts you are monitoring (currency pairs, stocks, indices etc), and you can have several instances running at the same time. When the indicator spots a trend it deems likely to continue, an alarm is generated, and that signal can also be sent to your mobile phone / tablet.
Once you receive the signal, you simply place a trade on your chosen broker in the direction indicated in the signal (call or put), with an expiry 5 minutes later. Some brokers allow 3 minute expiry times, and that seemed to be the best results for me under testing.
As I said before, you can load up the indicator many times, but you can end up with a confusing amount of signals, and that’s not a good idea if you are starting out.
Installing FX Tracker
Once you decide to give FX Tracker a try, the sign up procedure is not anything like what we’ve seen, and is a bit manual in its approach. It is worth mentioning that their support is very responsive throughout the signup procedure and very knowledgeable.
You start by entering an email address to get access to the installation page, where you get to choose from a compatible broker. Once you have chosen your preferred broker and created an account, all you have to do is take a screenshot showing your account balance and send it to the support email address, where they verify your account has been synchronised and email over access to the indicator download.
You will also find a version of MT4 to download should you not already have a copy. That comes free with the Trade.com forex trading account, and is one of the best data feeds for FX Tracker to work effectively. A lot of you already have MT4, so there’s no need to do this if you already have that aspect covered.
Once you have a working installation of MT4, adding the indicator is a breeze – like every other indicator, you copy it into the data folder and restart MT4 and voila. Add it to your active chart(s) and you’re good to go.
Adding Mobile Alerts
This is a super handy feature, and one that I haven’t seen implemented so effectively before. It really takes this product to a league above the others, and is very easy to setup using the freely available MT4 mobile versions available for both iOS iPhone/iPad and Android phones and tablets.
Once these alerts are setup, you will be able to make trades on the go through your broker’s mobile app. It’s worth noting that you do need a computer running the main MT4 software, so you can’t just have it running on the phone / tablet. If you’re serious about trading or earning money from home, then you probably already have a computer, but I’m just letting you know in case you were wondering.
Is FX Tracker a Scam?
Absolutely not. This is not any kind of auto trader which will chew through your balance. It is an indicator backed by real support on Skype and designed to empower you to trade effectively using the signals it provides. Plus, the results have been very good so far according to not just my tests, but I’ve plenty of emails from happy subscribers who are very pleased to have taken the plunge into learning a new way of doing things.
Trusted Binary Reviews early results had an 83% success rate in the first 65 trades. Only 11 of those were out of the money, and that enabled the trading balance to rise from 1000€ to 5366€ in the first 10 days of trading. This is a very good result, documented in the video embedded in this page.
Results since then have also been very consistent, and when following best practice advice (eg stay away from trading immediately in high volatility events shown on the economic calendar), the accuracy of the indicator continues to bring in 80-85% winning trades for me. I am still getting used to it however, and can see that figure increasing as I continue to perfect my use of this very effective trading tool.
FX Tracker is a breath of fresh air to me. I really enjoy using it, and have actually changed my trading routine to focus more around using FX Tracker as my primary tool. It continually empowers you to make the call. It gives you a fantastic level of feedback throughout the trading process, and makes you a better trader at the same time. If you are fed up of the same old auto trading robots and are ready to try something which will actually have a positive impact on your trading career then I highly suggest you take a look at FX Tracker. The results speak for themselves. Do something different in 2017 – learn how to use MT4 and FX Tracker – you won’t regret it. Get your copy here.
- Rated 5 stars
- FX Tracker
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