Recent Posts

Blog Archive



Thursday, October 9, 2008

Automated Forex Trading System - One of the Best is Free and Makes Big Profits

By Monica Hendrix

If you are looking at buying an automated forex trading system before you do, check the free one enclosed. It works, will continue to work, is simple, takes 15 minutes a day to run and has made savvy traders countless millions - here it is...

Before we look at the rule, it has a huge advantage over most of the sold automated forex trading systems and that is - it's made real profits.

Proven Profits

Most of the systems sold online, are simply back tested simulations and we can all make money knowing the closing prices. These systems tend to blow up in the market, as you don't have the benefit of hindsight when trading for real!

The one enclosed is proven, make money for over 20 years and some of the top traders in the world use it, in their forex trading strategies.

Devised by a trading Great

The system was devised by one of the great traders Richard Donchian. It's based upon a 4 week cycle, he saw in commodity markets and this is the rule - there is only one:

The Rule of the System

Buy a new 4 week high and hold the position, until a 4 week low is hit, then reverse. Keep going long and short, on every new 4 week high or low and always have an open position.

It's very simple and you get an objective rule which you simply follow - but does it work you may ask?

Yes it does and just because its simple, doesn't mean it isn't profitable - it is. All the best forex trading systems are simple.

Why it Works and Will Continue to do so

Markets will always trend long term and new big trends will always start from new market highs or lows.

The system may not have pinpoint market timing but it will have you in on every big trend and hold it. The system is a long term trend following breakout system and this method will always work as long as markets trend long term and forex markets do.

Why it's Difficult to Follow

You can test it and see it makes money long term however most traders simply won't or cannot use it.

They won't use it because:

1.They Consider it to Simple

Although its obvious it works and furthermore complexity has nothing to due with making money.

2. It's not got hyped copy.

Traders like all the hyped copy and fancy names of the sold ones, despite all they produce is a simulation and have never made any long term real gains, traders buy them -strange really when performance means everything in forex trading.

3. It doesn't predict and while prediction is impossible traders love to try and always will.

This system simply trades the reality of price change and traders for some odd reason, don't like doing this despite the fact it works.

Many of the traders, who want to use it, find they can't follow it because:

1. They lack discipline to execute a system that's totally objective

2. They lack patience to hold long term trends

3. They don't like taking short term losses (although every system does) and lack the confidence to hold long term trends.

A System that Makes Money

If you are interested in making money though and have a disciplined nature you have an automated forex trading system which can be executed in minutes per day, you don't have to think - the rule is totally objective and it makes money and of course, it's totally free.

Finally

Now the system can have filters added to it, to smooth the equity curve and these are discussed in our other articles so it can be customized to your risk tolerance.

It's a simple, solid system, every trader should consider using in their forex trading strategy and if they do, it can enhance long term profitability and it costs nothing to look more at this system as its free of charge - take a look at the system and you may be surprised at how profitable it is.


NEW! FREE PROVEN CURRENCY TRADING SYSTEM

For free essential currency trader education and PDF's and a FREE Forex Trading System visit our website at: http://www.bestcurrencytradingsystem.com

1 comment:

Blogger said...

Forex trading is alot more easier when its done by a forex robot and EA Builder allows you to create your own free forex robot.

 

GooContents | Jump to TOP