5EMAS Forex Trading System Product Report Sheet |
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The 5EMAS Forex Trading System is an ebook from Adam Burgoyne that claims to reveal the secrets to prediting movement in the Forex market. Depending on the exit strategy used, the system claims to generate monthly returns of between 30% and 55%. Bundled with the package are a large amount of bonus ebooks (7) covering a variety of Forex and money making topics, and an Expert Adviser. This product is classed as a Forex Systems product. You can compare and contrast it with rival Forex Systems products by clicking here: Forex Systems comparison table |
Actual Customer Feedback |
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Customer Feedback Average:![]() ![]() |
"I bought this system. It definitely provided a lot of information and the alerts for meta trader were nice, but the signals seemed to have no reason behind them and despite spending a lot of time trying to work out when they were actually effective, the price seemed to move in the opposite direction 50% of the time. Thus I can't really recommend it."
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"In my opinion this is a quite mechanical system which tells you when to enter and when to exit. You have 3 different exit methods, the 20 ema, the divergence, the trailing stop. So it tells you exactly when to enter and when to exit. Of course, you need a lot of self-discipline and to be coherent with the exit methodology which you are using. Definetely not a good system for the newbie. It has a huge potential (I caught >400 pips moves more than once) but I rather trade the breakouts than the pullbacks. Lastly I would say that if you dont know how to calculate support and resistance levels with accuracy forget about this system because it is useless without them. Price and customer support are good. For me this system is an asset.
2008-05-24 Update This is my 2nd review of this system, thus the system isnt good on long term and its not flexible enough to deal with fx market. However, I didnt regret the money I paid (I bought the advanced module) because the divergence indicators and divergence course are indeed worth the money (thanks to divergences I made some nice profits). So I keep my rating." ![]() ![]() ![]()
"I have purchased (and since asked for refund) this course. I found it to be very useful but was not appropriate for my trading style. The system is based on 1hr and 15min charts using MACD, Stoch, RSI and EMA's. The 1Hr chart is for Entry signal and the 15min chart is for the actual entry.
The course is well written and comes with MT4 indicators and Alerts to help automate the process. If I was able to monitor the markets (or more importantly - willing to monitor) I would seriously spend more time backtesting this system. For the low cost and money back refund I would recommend this system for anyone wanting to move from a beginner to an intermediate level. Oh and support was very good." ![]() ![]() ![]() |
Editor Comment: |
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So although it's an OK product, it hasn't acheived the top rank for its category. That honour goes to Forex Trading Made E Z which is also certainly worth a look.
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Product Specification |
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| Product Name | 5EMAS Forex Trading System |
| Otherwise known as | 5emas-forex-trading-system |
| Author | Adam Burgoyne |
| Additional Bonuses | Expert Advisor for the 5EMAs Forex System, Keep It Simple: 10 Common Sense Technical Tools, As A Man Thinketh, Secrets of Millionaire Traders, Day Trading Mind, Breaking The Broker Myth, The Art Of War, Trend Forecasting With Technical Analysis |
| Price | $97 |
| Previous Results | http://5emas-forex-trading-system.com/statement1.htm |
| Website | http://5emas-forex-trading-system.com |
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