Frequently Asked Questions
Question: What are the strengths of ForexScanner PRO software as compared to other forex software on the currency market?1. ForexScanner PRO and its core indicators have been successfully time tested for more than three years under all market conditions. Many other forex trading systems perform extremely bad under changing market conditions such as increased volatility, strong trends,…
2. ForexScanner PRO indicators are universal trading indicators. They work for any currency pair, Gold, Oil and Stock Indices on any timeframe, or literally anything that can be displayed as a chart in Metatrader 4. Many other software programs are only used for specific currency pairs. These programs can be optimized and tweaked and fine-tuned to show the very positive historic performance in back-testing reports. These programs will break when they are used to trade the on-going market. The key for successful trading software is its ability to be applied universally.
3. ForexScanner PRO is user friendly and programmed for the popular Metatrader 4. No monthly data fees to pay. Many other firms charge you up to $350 for charting and data feeds.
4. ForexScanner PRO software won’t repaint any signals after the bars are closed. The vast majority of software available on the market will “optimize” historic signals to mislead their customers.
Absolutely! You can always base your trades off longer time frames such as the daily or the weekly charts. You’ll only need to check your charts once per day or once per week. ForexScanner PRO can benefit a wide range of forex traders, these include short term, mid-term and long-term traders.
Zero. You can open a free demo account with most Metatrader 4 forex brokers and trade ForexScanners PRO with virtual money. Before you decide to open a real account and start trading live, we ask that you familiarize yourself with ForexScanner PRO.
No. It will work for all currency pairs and not for example, the GBPUSD 1 hour chart only. Since the software work for all currency pairs, Gold, Oil and Stock Indices, it is not possible to curve-fit the data to come up with unrealistic results. Beware of the curve-fitting possibility if you see a forex system that performs very well for a specific currency pair and time interval.
Yes. We don’t want to let a bad trade run in the hopes it will come back to the entry price because…it will destroy your trading account faster than anything else.
The software is designed so that colored arrows and sound alerts are very easy to understand and interpret. You will receive signals instantly as they happen. However, we don’t want to give you the false impression that this software will help you make money on autopilot. ForexScanner PRO requires patience and self-discipline. Always open a demo account first and practice the signals before you apply them to a live trading account. There are many scams to fulfill “the lazy man’s dreams of getting rich fast”. Please be aware. There’s no holy grail in forex trading.
Yes. The ForexScanner PRO manual contains detailed instructions on how to set up the system and how to trade it with lots of examples.
Yes. The system automatically detects whether the broker uses 4 or 5 decimal places for currency pair quotes.
Yes. ForexScanner PRO is compatible with Microsoft Windows XP/Vista and Windows 7.
Yes. You’ll need to install CrossOver first (http://www.codeweavers.com/via/MetaTrader4). This software allows you to run Windows software such as ForexScanner PRO on your Mac or Linux system.
It is the best possible way for currency traders to learn how to use ForexScanner PRO. In 90 days, most of our users see for themselves the strength of ForexScanner PRO through their uptick in results. The cost of ForexScanner PRO is a real bargain compared to what it can do for you.
The 90-day trial lets you trade ForexScanner PRO with full access and offers you the chance to learn our trading system in detail. The software available as a 90-day trial is fully functional software with all the necessary documents, downloads and support resources.
Sure. We’re committed to giving you the excellent support you deserve and you can be confident that we’ll be there when you need us.
