| Currencies & Time Frame EUR/USD, GBP/USD, EUR/JPY, EUR/CHF, EUR/GBP, USD/CHF, USD/JPY, GBP/CHF 1 hour | Trading Style Momentum | Other Products by Developer | Merchant Service & Price Clickbank $99.00 |
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Description
Forex Hippo is a trading system that was donated to us by the developer. The system caught our eye by doing very well on another review site. The system has risk management protocol but does so in a somewhat unusual fashion. Rather than specifying what percentage of the account you want to risk, you specify your overall risk tolerance, 1 being the lowest 10 being the highest. When looking at the default take profit and stop loss levels (30 & 100 respectively), it would appear the system has an unfavorable risk reward balance; but the system also utilizes order modifies to throw the ratios in its favor. Another nice feature of the system is it trades on 8 currency pairs, this helps the system diversify risk as well as in adding trade volume. The strategy appears to buy into swing/trend momentum capturing small movements on the top of a move. The only big risk is a complete reversal, which is probably why the system allows about 100 pips to give the market room to continue its movement. The developer updates the system, communicates with his members, and is very professional; we just wish he'd ditch the high-pressure cheesy sales page. The system deserves better.
Conclusion
Ignore the pitchy sales page; for $99 dollars this is a good system. This system is very active and won't blow half your account in a single trade. There is a multitude of settings to adjust and a single license allows you 4 demo accounts so you can experiment. It is worth taking a look at, especially since you can experiment with it for 60 days without risking any money on a live account and get your purchase price back if you're not happy (thanks clickbank).
- Hippo-Backtest EURUSD