Are you looking for more information about the Forex professional trading system called Rover North Forex System and wondering whether or not it really works? This robot was a remarkable performer during one of the fiercest trading competitions in the world: the Surefire Trading Challenge (V3). It is basically a long trading competition that pits the best traders from all over the world by running their system in both demo and live version over the course of a few weeks.
Review of Round One and Two of Surefire Trading Challenge which Rover North Forex System Had Participated In
Round 1 is the demo round whereby all the accepted trading systems are run through demo accounts for one whole month. This round basically filters down the hundreds of systems into the top twenty that will be chosen to run in Round 2. The actual round that it ran through were from September to October 15th last year on live accounts of $1,000. Overall, it ended up placing 2nd in the entire Sure Fire Trading Challenge.
Which Currency Pairs Does Rover North Forex System Trade and How Much Returns Can You Expect to Generate in the Long Term?
Working with a very respectable risk/reward ratio, it generated a total of 314% gains during the entire phase of the competition by trading on the EUR/USD, GBP/USD and USD/CHF currency pairs. On average, it makes about 10 pips for every winning trade and loses 15 pips for every losing trade. Of course, this means that it must make more winning trades than losing ones to make money in the long run which it has proven that it can clearly do over a long period of trading.
Will the Rover North Forex System Work For You Too?
Anyone who wishes to try this Expert Advisor should look closely at its equity graphs and draw-downs just as if they were to try other Forex trading systems.
By: William Barnes