Robin Hood Forex System

mikeswealth · #1 07-01-2009, 02:35 PM

Hi All,
Maybe this has been answered in this forum somewhere, but I couldn't find it in the search.

I just downloaded this system for free, and on the surface it looks great and legit.

Just wondering what people know about this???? Is it as good as it looks? if so, why does he give it away for free? What's the catch?

I look forward to your replies..
Cheers.

**yapsta187** · #2 07-02-2009, 07:59 PM

I've tried it, its free because its simple. it only involves 2 indicators that comes with MT4. That method i'm sure has already been known for a very long time.
It's some marketing scheme, he's giving you something free. then later he'll probably send you something you have to pay for.

stoch indicators are being used by so many traders already.

anyways his method works sometimes depends on market condition. you rarely get much pips, i think i've grabbed like 11pips in one trade. this would be preferably for scalpers.

**yapsta187** · #3 07-02-2009, 08:04 PM

you can find much better free trading systems out there.

check forex factory

**yapsta187** · #4 07-06-2009, 06:40 PM

Quote:

Originally Posted by kasuwa

i cant find robinhood system pls give me dl links

search for it on google

ExecutiveIncome2You · #5 07-08-2009, 03:59 PM

Thanks for the info on this system, is there a lot of drawdowns or losses with the robinhood system ??

**yapsta187** · #6 07-08-2009, 06:13 PM

Quote:

Originally Posted by ExecutiveIncome2You

Thanks for the info on this system, is there a lot of drawdowns or losses with the robinhood system ??

It's a mix of both, though this is not a automated trading system so less draw downs. It's more of an indicator system, with stochostics....

I don't like it at all, but you can always give it a try.