Product Review: Oracle Trader

As many of you know I started promoting Oracle Trader software, via my email list. I wanted to make it very clear about the software and my experience with it.

Dustin’s manager contacted me several months ago and told me about a new release of their Oracle Trader, news trader software. They asked if I would promote it and I almost always say no because there are so many forex scams out there in the market these days that i don’t have time for checking every product.

However, they sent me the video and I was interested so I said sure let me test it and I will make a decision. So I tried it out and found out that the system automatically places a trade in your account based on the news release. So my first day I logged on and thought I would give it a shot. They include a live trading room where they help you to setup the software. I ended up setting the software up and I set up my broker platform wrong and the system entered into the trade and I ended up losing 61 pips! Every one else in the room was reporting large gains.

So Dustin was in the room at the time and he explained to me that I had the wrong market range setup for my broker and I just needed to adjust the setting. What happened was that my broker put my trade in at the largest possible spread at 61 pips away but there is a setting that can stop your broker from doing that. The first trade was a great lesson learned.

Since I was down 61 pips I thought this system might be more trouble then it was worth but I decided to continue on with it. I fixed the settings and did the next trade, however the next trade ended up being a no trade so nothing happened there.ย  Then this is where it gets a little bit funny. For the Oracle Trader to work the broker screen must be visible. I was getting ready for the news to come out and see if I could make a positive trade. Then I had everything setup and ready to go and right before the news came out an anti virus screen popped up blocking my broker screen which blocks the software from making the trade. In my frantic effort move my anti virus pop up I accidentally opened a trade on a different pair then the one I was supposed to be trading.ย  I immediately closed that trade for a loss of 5 pips.

For the first to trades I was down 66 pips not a good start but I could see the potential and was not willing to give up just yet. I thought I would give it one more try. Then on the next trade I had it all setup and everything worked out just as it was supposed to and I got 45 pips of profit. Almost at break even and then the next two trades after that were at +31 and +15 pips so I ended up being ahead on the system.

The first two mistakes were user error so I would say that the system works. The benefits I can see are that there is a high winning percentage with very few losses. The downside is that there are very few trades. I will continue to post my trades as I make them with Oracle Trader Software. If you follow this link and insert your email you can attend a free webinar that will give you much more info.

If you have any questions or comments please do not hesitate.

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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  • Calderon Edward

    DON’T BUY THE ORACLE TRADER TILL YOU HAVE READ THIS
    THE ORACLE TRADER FIRST OF ALL IS ONLY A HALF OF THE PRODUCT YOU NEED WHAT I MEAN BY THAT IS
    IT DOES NOT AND WILL NOT FUCTION OF IT’S OWN AND THAT’S THE DIRTY LIL SECRET
    THAT YOU LEARN AFTER BUYING IT IT’S ONLY 50% OF WHAT YOU ACTUALLY NEED TO MAKE IT FUNCTION
    THE MOJORITY OF THE SUCCESS OF THE ORACLE TRADER DEPENDS ON THE BROKER LETTING YOU IN THESE TRADES
    DURING NEWS EVENTS AND GIVING YOU A DECENT PRICE AT WHICH BROKERS ARE NOTORIUS AT RIPPING YOU OFF
    DURING THESE EVENTS IT IS OUT RIGHT SCADDLEOUS THAT SPREADS INCREASE 20 OR 30 RIGHT B4 THE EVENT
    SO FAST YOU DIDN’T EVEN NOTICE TILL YOUR IN AND TOO F**KIN LATE NOW CHUMP NOW YOU PAY THE REQUOTE
    THE SPREAD AND SOME BROKERS PLATEFORMS FREEZE DURING NEWS EVENTS NOT EVEN LETTING YOU OUT
    WHEN YOU HAVE A PROFIT ALL THESE THINGS ARE NO WHERE IN THE ADVERTIZMENT OF THE ORACLE TRADER SO DONT EVEN BUY IT TILL YOU FIGURE OUT YOUR BROKER ISSUES GET THE DEMO WITHOUT AUTOCLICK FREE THAN OPEN BROKER AND PLAY
    WITH PENNIES TILL YOUR SURE OF EXUCUTION AND ANOTHER THING HOW CAN YOU TRUST ANYBODY WITH NO CUSTOMER SERVICE NONE THAT BULLSHIT OF LIVE CHAT DOESN’T CUT IT DONT SETTLE FOR NOTHING LESS THAN
    PHONE NUMBER CUSTOMER SERVICE LIVE PERSON , THE ORACLE TRADER COST $2400 FOR THE YEAR AND THAN WILL COST YOU $300 A MONTH AFTER THAT $300 A MONTH DID YOU HEAR ME SO YOU BETTER BE USING SOME LOT SIZE JUST TO PAY FOR THAT THERE MAKING MONEY ON SOME SORT OF AFFILIATE PROGRAM NOT ON THE PERFORMANCE OF THE ORACLE TRADER SO I WENT WITH THE 3 PAY METHOD YOU WOULD THINK IF IT COST $2400 A YEAR $800 WHICH WAS MY FIRST PAYMENT WOULD COVER AT LEAST 3 MONTH? GUES WHAT NO! AFTER THE FIRST MONTH WHERE I RAN INTO ALL THESE ISSUES AND NEVER ENTERD 1 TRADE WITH YES 3 BROKER MIND YOU AND STILL LOOKING FOR THE HOLY GRAIL BROKER
    THEY CUT ME OFF THE AUTO CLICK I CONTACTED SUPPORT YES SUBMITTED A TICKET ASKING FOR A EXSTENTION SEEING AS I DID PAY $800 AND AM BEING ABSOLUTLY INGNORED SO HERES THE MATH YES THERE’S ABOUT 30 NEWS EVENTS A MONTH THE PROFIT CENTER OF THE ORACLE TRADER IS ONLY OPEN FOR ABOUT 10 OF THOSE OF THOSE 10 ONLY A FEW MEET THE SAFE DEVIATION TRADE ON THE ORACLE TRADER OF THOSE FEW WHICH IS ABOUT 5 YOUR BROKER BETTER LET YOUR F**KIN ASS IN HA OF THOSE 5 MAYBE 2 OR 3 YOU’LL GET IN HOPE THOSE LOTS ARE BIG TO MAKE A PROFIT AND PAY FOR THIS SHIT UNLESS YOU HAVE A DYNOMITE BROKER THIS IS NOT WORTH WHILE SO IT WOULD BE MORE HONEST FOR THE ORACLE TRADER TO ALREADY HAVE A LIST OF BROKERS SINCE THIS IS WHAT THERE OWN SOFTWARE DEPENDS ON SO CRUTAILLY AND YES I HAVE SEEN THERE BROKERS THESE ARE THE ONES THAT HAVE BEEN FAILING ME THINK OR SWIM/FXCM/GAIN CAPITAL/FOREX.COM/FXDD/ SO I HAVE TRIED MULTIPAL BROKERS

  • Craig

    Hi Casey,
    I'm ALSO becoming an Oracle manual fan, I just have one or two questions if you don't mind that's IF you understand the manual trading quite well??
    1) The round “revised” button you between the deviations and the oval buy/sells, WHAT is that for??? because sometimes one sees it go on at news and other times it doesn't???

    2) what is the number that appears inSIDE of the oval buy/sell, sometimes it's in the negative and it's a buy???

    3)is this nr important, because if it's not one can just recieve mail and then wait for buy/sell when news time comes, then just set your TP at amount pips in your mail?

    These things aren't covered in his webinar so I'm DESPERATELY trying to find answers to these cos i can SEE this thing has lots potential, i traded EUR/JPY friday and got few pips out ๐Ÿ˜‰ (don't know what on EARTH EUR/JPY has to do with USD's NFA but anyway, they said EUR/JPY so is what i traded and…WOW)

    thanks for help

  • here is the link to the free oracle trader. http://www.oracletrader.net/get.html?p=wet&w=FOT

  • YankeeClipper1

    It was a few posts up, but here it is again.

    http://www.oracletrader.net/download.html

    It does seem to take a few days for them to send you the download but it's worth the wait if it's still available

    Mike (aka YankeeClipper1)

  • Andrewboy

    Do you by any chance know the link to the 'free' oracle trader, i'd like to try it out to see if it works, then consider buying it…

    thanks

  • YankeeClipper1

    I did see it, yes. Very nicely executed ๐Ÿ™‚

  • Yankee did you see the trade I made on the gbpusd this morning? I used the auto click feature.

    http://winnersedgetrading.com/trade-video/

  • YankeeClipper1

    Fri Aug. 06
    Very good call today with the news release for GBP/USD. It called for a sell and did indeed drop 50 pips. I had a minor problem in that my broker had raised the spread to 20 pips at the time of the release which, in my mind at least, shows the strength of Oracle Trader in it's ability to predict a major move. I did manage, even with the extreme spread, to pull +20 pips from the move. Oracle with the auto trade would have done better I'm sure.

    May all your pips be profitable

    Yankee

  • CYC

    There's another webinar on Thursday (5 Aug) at 8pm ET.

  • yes that is my experience gets a lot of no trades but at least it keeps you out of bad trades.

  • CYC
  • YankeeClipper1

    I've not done any “updates” for a while as the software has been giving consistent “No Trade” signals over the last couple of days.

    Yankee

  • YankeeClipper1

    It does say “time is of the essence” and the site could be closed at any time

  • CYC

    Where cann I download the free version? Thanks.

  • YankeeClipper1
  • YankeeClipper1

    Thanks for your comment CYC
    I'm still “watching” the news releases and recommendations of Oracle Trader and I'm about to go to the webinar myself (06:00EDT Aug 5th). I didn't realise the software was quite that expensive since I downloaded a free version (see entry above Re: Day 1). The only thing the free version does not do is auto trade, which for a 3k savings I reckon I can live with

    Mike (aka YankeeClipper1)

    May all your pips be profitable

  • CYC

    Thanks YankeeClipper1 for your feedback on Oracle Trader. I was on their webinar this morning (Singapore time). Product looks interesting but having experiencing many other FX products through internet and hearing stories from other traders, I am quite “afraid” to invest in another US$3000 product.

    Wonder what's the latest on your trading with Oracle Trader? Appreciate feedback from Casey too. Many thanks.

  • Caseystubbs

    Thanks for the info Yankee. I think a real test will be next week because there is going to be some major news releases next week.

  • YankeeClipper1

    Oracle Trader… Day 3
    Another News report at 08:30(EDT) on July 30th suggested a safe buy for EUR/JPY. I placed the trade and I managed +15 pips profit before it turned against me and I pulled out of the trade. Then at 09:45 there was a news report from US Chicago Purchasing Managers and 09:55(EDT) the University of Michigan suggesting (for GBP/USD) to “sell if higher than the expected report”. Both the 09:45 and the 09:55 final suggestion was No Trade. To date, after 7 reports/suggested trades I'm up +47 pips “just” from using the Oracle Trader's input.

  • Kim,

    thanks for the comment and you that sounds like a good strategy i would like to learn more about it.

  • Kimbo4x

    First, Casey, I want to thank you for sharing — I do believe you take your reputation seriously, and you are sharing for the sake of “collegiate” learning for the WinnersEdgeTrading family.

    IMO, I am afraid of this style of news trading, but open to possibilities always.

    In the Tokyo session, we have been testing an Asia Fade strategy based on a video clip. I encourage the WET family members to pay attention to the end of the video clip, because , apart from the Asia Fade strategy, the author gives a great little summary of how to trade the news AFTER the initial spike using fib levels. I usually make around 20 pips on the major and 20 pips on the yen cross doing this method IF the news takes price in the direction of the original trend.

    It is a slower process, but I think it is much safer, and you can preset your entries with limit orders and not be tied to the computer. But take what I say with a grain of salt . . . I am a pensioner, and I must trade small and safe. I don't like much risk.

    Kimbo4x

  • YankeeClipper1

    Not a problem… the new software seems exciting, especially since it mirrors my analysis lol

    Mike

    PS… heads up on a long for GBP/USD
    Buy in @round 1.5640
    Target 1.5965
    Stop 1.5540

  • YankeeClipper1

    Good news for Oracle Traders. At 8:30am (EDT) the software alerted us to a “safe buy” for USD/CAD. My other robot agreed so I went for it. (It's a strange feeling having 2 robots looking over my shoulder let me tell you lol!) Not an instant result but after a dip of 40 pips over a 3 hour period I closed at +32 pips profit . So, over a 24 hour period to date, I've had 2 “no trade” and one “safe buy” on 3 different pairs. I can see the benefit of having another “tool of the trade” to add to my tool box. More watching is needed.

    May all your pips be profitable

    Yankee

  • I must clarify, that those trades were on different days. Actually probably about 3 weeks time. With this system you get only about 1 trade a week that is the drawback.

    In the video the software enters the trade for you automatically, that is how it happens so fast.

  • Traderphreddy

    Posts don't allow for editing so two:
    Forgot to say that it is nice to have a real person trying a system and giving an accurate report of it.

  • phreddy

    Hi Casey, have to agree with Gorannino that it sounds like a day's trades. Re reading you will continue …So obviously you continued.
    Mind you, even that day with its bad trades and then the corrections – a learning curve, it sounds useful.
    I looked at the video and wondered how I would ever be able to react so quickly!!

    We will see!!

  • good to see you again, Hey if you make some trades can you update them here?

    Thanks

    Casey

  • YankeeClipper1

    Hi Casey, Long time no chat ๐Ÿ™‚ I managed (by following a few links) to get a free version of the Oracle Trader. The only thing this one doesn't do is auto trade. Over a 24 hour period so far it's given me 2 “no trade” signals. I'll be keeping an eye on it for a while. As you mentioned it doesn't seem to give a lot of trade opportunities so I'll be running it alongside my older trusty dusty robot and checking the results against each other.

    May all your pips be profitable…. Yankee

  • Where did you see that it was one day? Because if that is what I wrote it was a typo? I tested for a long period of time. Plus the 3 years of trading results that they provide.

  • Goraninno

    one day and you conclude “the system works”.

  • Bravester,

    I agree the brokers don't want you to do it for sure. I use FXCM and they still give me problems. the key with FXCM is that they have a setting that says if the spread gets too wide dont make the trade. You can set the range that you want it at. I usually have it set at 5 but If I get a big news trade I will put it as high as 12.

  • Bravester10

    Hi Casey,
    I used to spike trade the news long ago in the days when brokers were still coming to grips with how to stop clients from news spike trading, these days no broker allows spike trading without requoting,slippage, spread widening etc. So i was wondering what broker have you been using for trading the news with Dustin. Let me know , thanks.