Hey guys, today I am looking into a new Forex strategy and indicator by Steve Gammon called the Forex Mean Reversion.
Steve claims to have worked “in the back offices of some the largest financial institutions in the world over a 15 year period.” Hopefully his history will be positive in the creation of this Forex indicator being sold for $79 with the ClickBank payment processor.
Forex Mean Reversion Video
As per usual here is a video with my initial impressions on the software and a look into how it operates and it’s current potential.
Historically I am not a very big supported of Forex indicators because of the fact that they repaint which leads to the missing of often obvious trends. Steve tries to change my mind about indicators by focusing on my exact worries. He says “The Forex Mean Reversion System is based on the Forex Mean Reversion Indicator – It is neither a Leading or a Lagging indicator – It is a real-time indicator that is based on a fundamental fact.”
This is obviously what I want to hear and hopefully he is being truthful because in the past the type of indicators I have dealt with always lagged and repainted leaving huge holes in the Forex strategy I was trying to implement.
With that said let’s take a look at some of the results being provided that displays this new Forex indicator in action.
Forex Mean Reversion Conclusion
So what is the final verdict? At this point I am not 100% sold but I won’t tell you not to give it a shot. It looks like Steve put quite an effort here so this may be worth our while.
I will be updating this review with more information as it comes available. Please leave any comments you may have about this Forex indicator and template below.