Review of Forex Executor by Victor Harrisson and Richard Chandler
Rating: 3.8/5 stars
Price: $49 p/mo.
subscription 
Let's get this out there right off the bat. We're generally not fans of forex robot systems. No computerized robot will ever trade as well as a human being in our opinion. Robots don't have the range of ability to adapt to dynamic, changing market conditions. That said, what we've discovered in the Forex Executor membership program that is different from the run-of-the-mill forex robot automated system is: human interaction!
If you are looking to learn about the forex market and how to trade it on your own, there are better educational products on the market that will allow you to do just that. The Forex Executor, on the other hand, is designed to be a set-it-and-forget-it type software program which interfaces with the MetaTrader 4 trading platform that will allow the participant to benefit from the signals that are generated by the system, which will then execute the pre-defined trade automatically. And that system includes human interaction. In other words, the subscriber has an experienced professional forex trader, not just a robot, trading the account for him, twenty-four hours a day.
Though we have reservations about robot systems in general, this Forex Executor program may be something that you may wish to look into, if only to see if it can live up to its claims. And that shouldn't take a long time to figure out, as prospective buyers can paper trade it for up to two months at no charge to find out whether or not it works for them. That's a tremendous advantage over other systems because you can begin collecting trading data the first month.
If it can live up to its claims, it may prove to be a wise investment. The reason we say this is based on the fact that a computerized robot does not trade the program, a human being DOES. A human being takes a decision on which trades to enter and which to stay out of based on the market data generating the signal. The robot gathers the data, which they are reliable at performing, and an experienced trader decides whether or not to open a trade based on that data as well as a list of additional parameters from the individual participant.
This program has been geared to allow the reflection of each individual investor's personal investment risk profile. If you are a conservative investor, those facts will be reflected in the types of trades that you will approve. On the other hand, if you take a more aggressive approach to investing, those characteristics will be reflected in the type of trades that are recommended. In other words, you tell the system what type of trades you feel comfortable with, and it only generates signals when the data reflects those conditions in the market. In this way, you have control over what kinds of trades you enter as well as those you do not enter.
If you are a hands on trader and don't trust anyone but yourself taking decisions for your trading account, then you may not want to look any further into this program. On the other hand, if you know something about the market and how it responds and you don't mind allowing a system to find profitable trade possibilities according to your own definitions and can live with automated trades that reflect your personal decision making process, then you may want to look further into the Forex Executor program.
The Forex Executor software is set up with a selection of trading styles — scalping, swing trading, day trading etc. — fifteen at last count, split into Conservative, Moderate, and Agressive trading styles, with two additional portfolios. You select the one you wish to trade and set your parameters. It's that simple. Members are allowed to trade five systems at a time, so they can change systems whenever they want. What is unique about this is that the software will be offering the most profitable combinations of trading systems which are called portfolios. So the member just selects a portfolio to trade and that’s it.
One thing to watch out for is excessive trading by the automated system, stirring up profits for the broker. Although in the Forex Executor program you can choose your own broker, so this is a moot point. This kind of activity is usually prevalent in systems that require you to sign up with the broker the program recommends. While there may be several positive signals given, you may only wish to trade a relatively small number of them and not every signal that is given, in order to gain a feel for the program. With this program you can set the number of trading positions you wish to trade. Make sure during testing you keep your settings on the conservative side just to be safe so that unbiased testing of the program can be accomplished.
An easy and inexpensive way to test the system to see how it performs in real time is to opt in for their 14 day trial period at $9.95. If you like the service, you can continue at the introductory price of $49 per month locked in for life. Otherwise you can cancel if it doesn't meet your expectations. And of course you have a 60 day money back guarantee through Clickbank no matter which way you go.
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