The automated forex trading strategy we will look at here is free and has been used by savvy traders around the world for over 25 years and made millions! Let's take a look at it and how you can use it in your forex trading strategy for big gains...
This automated system is free but will beat most of the ones you see sold online because - it's proven in real time trading and most are not.
Most forex trading robots produce a back test simulation, knowing the closing prices and that's not real money. Anyone can make money with all the closing prices but you don't know them when you trade for real!
The one we are going to look at here has made millions of real dollars - it's proven.
So lets look at the system which was devised by one of the great traders Richard Donchian who is considered the grandfather of modern trend following. While he has passed away now, he has left a lot of valuable information, for traders to use, including this great simple system.
Ok let's look at it. All you have to do is remember one simple rule and here it is:
Buy a new 4 week breakout to new calendar high and reverse to a short position on a 4 week low. Keep reversing, as new 4 week highs and lows, are triggered and always keep a position in the market.
It's very simple and you may be wondering does it make money?
Yes it does!
Just because it's simple, doesn't mean it can't make big gains - all the best forex trading systems are simple and robust and this one couldn't be any simpler.
You don't even need a computer software program to trade it - you can do the calculation in your head. It takes about 5 minutes, per currency pair per day to monitor and it is based on market logic which means it will always catch and hold the big trends.
You don't have to make any subjective judgements - the signal is clear cut and gives you exactly what action to take.
The one point we would make about this system is that while it will catch and hold big trends, it takes a lot of discipline to use. It isn't into prediction and trying to buy exact market tops or bottoms and it holds long term trends.
Many traders lack the discipline to use a long term system - but if you do use it, over the long term, this system has worked and will continue to work, as long as forex markets trend and that will never change in a free market economy.
You can use the system in raw form or add exit filters if you want to smooth the equity curve and we have discussed these in other articles, so look them up. Which ever way you trade it, the system will add a valuable profit tool, to your forex trading strategy.
An automated forex trading system, that's simple, time efficient and catches all the big moves; now that's worth looking into further.
Take a look at it; you have everything to gain and nothing to lose by doing so, as it's free.
FREE FOREX AUTOMATED TRADING SYSTEM PDF Get free essential forex trading Pdf's and more on this FREE Automated Forex Trading System visit our website for more essential wealth building info at: http://www.forextrendfollowing.com |
1 comment:
If you are trying to earn an extra 100-200 pips per day then I advise that you try Fast FX Profit.
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