Channel trader Pro is a new automated Forex robot that’s developed to exploit 3 currency pairs. The developers of this software are showing in my FX book account that steak and a $5000 deposit and turned it into over hundred $30,000 in nearly a year.
Today I’ll be taking a closer look at the software, reviewing the results and deciding whether or not it’s worth $800 price tag.
Channel Trader Pro Review
The channel trader Pro works on 3 pairs, AUDUSD, EURJPY, AUDCAD and takes advantage of a scalping trading strategy. The software includes money management and opens only 2 to 3 trades per week. For a scalping system it is rare to see such a small amount of trades. This is the same people that developed the vortex trader Pro, rev trader Pro and Keltner Pro robots. The goal of this development team is to create high-end automated systems that they can sell for a pretty penny.
In reviewing the channel trader Pro system it’s imperative that I also analyze their my FX book account. The system looks like it has a large stoploss and a very small take profit. The average trade is for around 10 pips which is very common in scalping strategies. What scares me a little about this account is that the lot sizes are very large. There are a collection of trades in this my FX book account with lot sizes larger than 12. If the lot size of this magnitude was ever opened during a losing trade it would demolish this account.
Right now I don’t have everything I need before I can make a final conclusion about the channel trader Pro. I will say that the my FX book account looks impressive and that the software may have something to offer us. What I need now is some of the Forex robot nation readers and my own personal friends to provide me with their experiences. When a system like this comes on the market asking for $800 I need to see real accounts from real traders that I know. Hopefully this one isn’t too good to be true. If you have something you would like to add to the review please leave your contributions before the article now. I appreciate you coming the Forex robot nation and hope that you come back again soon.