Red Eye from www.forexgo.com

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CATEGORY: TRADING SYSTEMS

Trading System Features TOP

Name of trading system: Red Eye from www.forexgo.com

Price of product: $49.95

Brief description of trading system:

Red Eye is a proprietary forex trading system that utilizes self-adaptive trading pattern recognition to provide real-time buy and sell signals on the most popular currency pairs in multiple time frames. Formulated with advanced mathematical functions and trading logic, Red Eye can be utilized by short-term traders looking to capture intraday price movements and longer-term position traders who focus on daily chart periods.

This trading system is: Proprietary

This system includes the following features:

Scanning
Alerts
Trading signals

Back testing allowed: Yes

Built-in indicators are available: N/A

A user can adjust the parameters for the indicators listed above: Yes

Can user write custom system/indicator/function without using the pre-packaged systems/indicators/functions?: No

The trading system is: Software that works within another application

Additional application required (if needed, eg. Excel, TradeStation, MetaStock): Streamster by Novativa (supplied by ForexGo!)

Support TOP

Types of customer support offered:

24 hour customer service
Online help
Tutorials and examples

Consultants are available with experience programming this system: Yes

Data and Markets Followed TOP

Types of data feeds this trading system accepts: N/A

This system is limited to these markets:

Cash markets

Reporting capabilities:

Draw down
Profit/loss
Return percentage
Number of trades
Consecutive winning/losing trades
Uses TradeStation report outputs
Trade by trade listing
Graphic display of trades

Optimization TOP

Able to optimize the systems used or created: Yes

Special Features TOP

Best features of this trading system package:

ForexGo! publishes back-tested performance reports dating to the 1980s and 1990s for all currency pairs.

This product is ahead of competing products for these reasons:

ForexGo!'s trading systems are published on a customizable Windows application and also offer real-time technical analysis, real-time forex news, and real-time forex chat.

These upgrades are planned for this software package:

Users are prompted to download periodic software updates with features and enhancements.

Studies have been done on the performance of this trading system in the newsletter Futures Truth: No

Validation TOP

Money back guarantee on this system: No

Performance tracking methods offered:

ForexGo! publishes fully back-tested performance reports for each currency pair on its website including financial calculations, trade analysis, and performance graphs.

Money management strategies and procedures included with your system: Yes