Oracle Trader by Forex Traders Daily is a Forex trading system — signals and auto trading software. It also includes Forex trading training. Oracle Trader system is based on financial market news releases.

It works on an idea that the market movement can be predicted based on how the release of important financial data meets its expectations. And because the releases take place at known times, it is possible to predict when the movement occurs.

The software then gets the news feeds of predicted data values and real values as they are released, compares the two and makes trading decision. While you can follow the same strategy using the financial calendars and news casts, the market reacts very quickly and it is difficult to trade with this strategy manually.

Oracle Trader – Any Good? : Reviews @ Forex Machines

This is the main benefit of the Oracle Trader — it automates this strategy and makes it easy to trade. Additionally the system comes with training, webinars and coaching teaching how to use the system and how to trade Forex in general. The biggest drawback of Oracle Trader is the no refund policy, but the authors promise to work with every person to help them succeed if they struggle.

Read more on the website If you have experience with this product, please leave your feedback or review below. Help others to decide, every entry helps. There are quite a few people who have brought this very expensive software many not very happy with it a few the complete opposite do check out this link forexpeacearmy. Why are you saying this is the same product, Phillip? Trust me, it will be good enough to make them some serious money with their promotion.

Did he use this product? If he did use it, then he should mention the shortcomings of the product, rather than make a blanket statement that the product is a waste of money.

Some complained that the support was not good. When I first got oracle trader, I downloaded the free version.

For the product to work you got to pay. But not a single losing month, considering I tested it for 1 month. I admit there is alot of information on the manual to digest, in order to get the software to work. Importantly I want to remind all of you why, Oracle trader may not work for you. This product really does work, no doubt in that as I have seen proof on my demo account. But when you trade live, it becomes totally a different story. They are aware of scalper taking advantage during those times, therefore they tend to re-quote, spike it, and in most cases cancel a trade.

Yes the software itself works but there is one issue that may explain why there is no refund: Every trade success is determined by how fast your broker is going to fill a trade. I have never made a trade that did not take about 3 or more seconds to fill let alone what happens during news events. Give me a break!!! Just a couple of added notes: The webinar was conveniently scheduled 1 and 2 days before NFP and one other big news release.

In the webinar the person stressed how you have to act now so you do not miss out on the upcoming news events.

This pressure has red flag all over it. Also, there was not one comment about broker or platform selection in regards to the execution speed required. There is information lacking in my book and not presented well.

I have been using this software for 4 months now. I would not recommend it to anyone. They did fix this but other issues arose. It only gives you market direction if you can call it that for a brief few seconds during a news event. The other people here are right about getting fills during news events, it can be very difficult and dicey.

Oracle Forex Trading System | Forex MT4 Indicators

I have been keeping track of their trade record and since August til October there were approximately 17 trades recommened on the platform and only on three of those were their parameters met for a trade. This does not mean you would have made money it just means you may have been able to if your trade got filled well. I would stay away from Oracle Trader there are better ways to trade. You could do better just using simple trend line breaks with good stops! I purchased Oracle Trader on Aug 1, I traded the first month with a demo account and made over pips.

Live trading is totally different than demo trading. Their only response is to change brokers. I am now on my 5th broker with no improvement.

Gain UK, Alpari Uk, metatrader. I have used the services of 2 broker referral companies but that has not helped. Oracle Trader staff no longer respond to my emails. I have not made a trade since christmas. The original sales pitch is very mis-leading in that they do not disclose how difficult it is to find a broker that this program works with some efficiency. On top of all this, the monthly subscription of There is no way that I will subscribe, even if the program starts working.

I now understand why they will not allow refunds or allow a member forum. Now for my sales pitch. If anyone is insistent on purchasing this program I will sell you mine for a deep discount. Unless you have deep pockets, I would not suggest you take me up on my offer.

If you have deep pockets, I would appreciate the donation. Stay away from Oracle trader. When thinking about the news that they are trading, half of them will be a NO TRADE. Also when thinking about all the re-quote from the broker, I think you are just wasting your time with Oracle Trader.

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No Trade, requote and slipage will just kill you with this program. Its a waste of time and money. What a rip even got overcharged for no service received. Just go ahead and put your money in the shrader! This is a scam. I signed up a year ago, tried to use it but could not get filled live from brokers, changed brokers 3 times, still no fill. Quit trying, deleted my name from their email, and did not have access to their trade room for over 9 months.

Now one year later I am being billed for renewal, I did not renew. They say no refunds. If selling nothing is their business, that they have a good thing going. Guys trust me is the same software as RSS i been following dustin and his friends for years and they just change the names of the softwares and resale them his friend derek frey is doing the same now with elemental trader i would recommend not buying anything from them because they just going to keep coming up with new stuff and rename them.

Mimics the kind of strategy employed by the big boys… no way a retail trader can have access to the required amount of speed. Notify me of follow-up comments by email. Notify me of new posts by email. Privacy Policy Terms of Use Contact Us. Home Forex Trading News and Articles Reviews of Forex Products. Oracle Trader Oracle Trader by Forex Traders Daily is a Forex trading system — signals and auto trading software.

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All major currency pairs Read more on the website You may also be interested in: Forex Robot Reviver Price Action 5 MT4 Alert Forex Accurate 4 Day Forex System Tags: Comments There are quite a few people who have brought this very expensive software many not very happy with it a few the complete opposite do check out this link forexpeacearmy.

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