If you want an automated forex trading system that works, you should look at the one enclosed which has been at the heart of many a great trading system over the last 25 years and made millions. Let's reveal the system, how and why it works...
Before we start lets make a general point in relation for forex trading software.
Automatic forex trading systems have a poor reputation overall, this is due to the numerous junk systems that are sold with made up track records which are simply paper back tests.
Of course they don't ever do the same gains in real time and the trader loses his money. The system enclosed however has been proven over the years and is still in use today and makes money.
The system is simple, it only consists of one rule and was devised back in the late seventies, by famous trader Richard Donchian, who noticed a cycle in the markets of four week trends and this cycle gives the system its name - The 4 Week Rule.
Here is the rule:
Buy a 4 week calendar high, hold an open position and then reverse it to a short, when a 4 week calendar low is hit. Wait for the next 4 week high, before reversing and going long and keep reversing as 4 week lows and highs are hit. The system always has an open position. While the system is simplicity itself, it's obvious why it works.
It's a simple, robust breakout strategy and it's a fact most currency trends start and continue from new lows or highs.
Currencies trend for long periods, this system will get you in and keep you in on every long term trend.
The system doesn't even need software; you can do the calculation in your head and its incredibly time efficient. The system also gives you a rule you follow and you don't need to make any judgements at all - you simply execute the trading signals and that's it.
It's a simple, automated forex trading system and it works.
Its downside (and all systems have one) is when markets don't trend strongly, it will incur drawdown and losses - but you can add another rule to smooth the fluctuations.
You can place a stop at a one or two week, high or low and then wait for the next four week signal to get back in.
Surprisingly, most traders won't even bother with the above system despite the fact its proven longer term to make money. The main reason is - they don't have the discipline to follow it.
It takes discipline to follow a long term system and most traders simply can't do it.
They prefer unproven, back tested robots with fancy names and big claims yet, a free system that could make them money they ignore!
If You are Interested in Profits Then...
If you are interested in making money and have a disciplined nature you will love the 4 Week Rule which is a mechanical trading system that works. Simple logic yes - but it's profitable and will continue to work, as long as markets trend.
Check out the system and you will see how effective and profitable it is.
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