In the course of a couple of hours, the London market is going to start up, and the exciting thing is, this new signal that I just got from Al Russell, called the London Forex Rush System.
So, what is the deal with the London Forex Rush System? Well, at first, it is not a software program, but instead a signal system built for traders who are using Metatrader 4. Instead of the previously reviewed Forex Raptor, This is not a software program that connects through an API, which I am still waiting for Steven Lee Jone’s response on the problems it has currently be having.
Of course once you purchase the London Forex Rush System, you would have to follow the instructions to drop the 2 .ex4 files in indicator folder, the one .tpl template file in obviously the template file, the london rush folder, in the profiles folder, and read up on the .pdf file sent to understand this system.
Well, let me give you the system in a nutshell. The principle of The London Forex Rush System, is an indicator that works only with the Currency Pairs which cross with the British Pound, which starts monitoring the activity of the pair a while before the opening of the London Market. The theory here, is that the motion of the Pair around the time when the London Market Opens, dictates what the movement will be headed towards for the London Session. This is where Al Russell’s claim of only needing to trade for two hours a day comes in.
You would only need to see the beginning of the London Market, and from the calculations done on the indicator, make a judgement of placing a position to long or short the pair.
As of right now, it is almost 2:30, which is 6:30 in London right now. The indicator is telling me with a bit more than an hour and a half away, There is no Trade. Now I am aware that this may indeed change, which I will monitor.
MY OPINION:
To be honest with you. It seems to me that the signal has some merit and potential. Al’s product has a 60 day guarantee, which I would highly suggest, to use a demo forex account for now, just to test the system out a bit. If it works for you, great, if not, by all means return the London Forex Rush System.
Also keep in mind, when I review products, I know everybody will NOT be happy with some products, just because certain products will not please anybody. My review is about talking about specifics of the products, and that is pretty much it.
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