General Product Information      Website: 5emas-forex-system.com Software: 5 EMAs Forex System Year: 2006-2009 Languages: English Only Win Ratio:   Drawdown:   Price: 97$

The author of the 5 EMAs Forex System is Adam Burgoyne. Their sales page claims that they can turn 1,000$ into 1,000,000$ within 24 months. When you see a claim like that you know that you just have got to try it out for yourself. As always, we at Expert Advisor Metatrader decided to test this system out and see if it can really help traders make money.

The 5EMAs Forex System is a 150 page Forex book which we feel suits beginners the most but can also give a small edge to experienced Forex traders. The EMA in the name stands for “Exponential Moving Averages". This type of charting tool puts more emphasis on recent prices and as a result it will react faster to recent changes than a simple moving average. The truth is that this system is intended for scalping, day-trading and short-term Forex trading. This system is definitely not a 100% automized system. You can’t just let it run and completely forget about your account. So on one hand if you like Expert Advisors since they lack any need of monitoring than this is not for you. If though, on the other hand, you like being a bit more involved than this system is recommended. So if you're looking for a set-it-and-forget-it system, this is not the system for you. 

Unlike many Forex systems the 5 EMAs Forex System is designed to trade against the regression of a principle trend. The system is composed on two different parts:

• Logic of entry into any given trade 
• 3 different exit strategies

The 5 EMAs Forex System will show you how to enter the market in the opposite direction of the current trend when the opportunity to make money appears. In these situations you (the trader) can enter a more profitable entry point since you recognized the change in trend earlier than the other traders.

The 5 EMAs Forex System comes with its own expert advisor built in as well.   

You will be notified by an audio signal and a message box every time the Expert Advisor identifies a profitable entry point. You can configure the Expert Advisor timing to notify you right before a potential trade is possible. Like we mentioned before, this is not 100% automated, it does not actually do any trading for you so for those traders who like a bit of hands on trading – this is an excellent system.

The 5EMAs Forex System actually saves you hundreds of dollars in expensive “signal provider” services while still letting you control when you trade and how much you trade. That way you never lose control of your account. 

We let our marketing director sit down and trade Forex for the first time with the 5 EMAs Forex System as her guideline. We funded a live account for her starting with 1,000$. After three months of live account trading she had 2,500$. She said that the instructions were very clear and simple to apply. Our experience traders felt that they learned a bit less from the system itself but that it could still help an experienced trader make more profit than usual.

So, if you are an Experienced trader and a bit reluctant to try a new system that won’t necessarily match your current trading style then don’t worry. The 5 EMAs Forex System comes with an 8 week refund policy. Worst case scenario you can just request a refund.