subject: Forex Executor-Currency Trading Robots - This One's Free, Works And Can Help You Achieve Currency Trading Success! [print this page] Forex Executor-Currency Trading Robots - This One's Free, Works And Can Help You Achieve Currency Trading Success!
Of course you should buy a foreign money trading robot from a vendor however the one enclosed wont price you a cent and will beat ninety five% of these sold - lets take a look at it.
Click here to Forex Executor Download
Before we take a look at our free one, it lets see why most paid for ones fail to deliver and why you are better off not paying for one.
Generally, they have by no means been traded and include a simulated observe record, using previous data. This is the disclaimer you'll normally see:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. In contrast to an actual performance record, simulated outcomes don't symbolize actual trading. Also, for the reason that trades haven't been executed, the results could have below-or-over compensated for the impression, if any, of certain market components, such as lack of liquidity. Simulated trading programs in general are also topic to the reality that they're designed with the advantage of hindsight. No representation is being made that any account will or is prone to achieve revenue or losses just like these shown".
What usually happens is a system doesn't generate income on first try, so the vendor provides more rules in and bends the system to suit the data. No two items of knowledge replicate themselves precisely once more and the system ends up wiping out the user.
This is named curve fitting and most sold systems do it.
Now let's look at our free one.
Its one rule that is it so you'll give you the chance to't bend one rule by its very nature!
A Simple System for Profits
Now let's look at the system. It's called the 4 Week Rule and was devised in the late seventies by trading legend Richard Donchian.
Initially it was devised to work on commodities however works on any trending market and currencies trend well.
Here is the rule:
Cowl short positions and enter longs when a worth exceeds the highs of the previous four calendar weeks. Close lengthy positions and go quick when a worth falls below the lows of the previous four calendar weeks.
Click here to Forex Executor Download
That's it!
Quite simple - nevertheless it makes cash and many of the world high traders have used this system and still use it today. Simple systems work finest as they are more sturdy within the face of ever changing brutal market conditions.
The system works nice in any trending market and will put you on the side of each main trend of course when the market is not trending it will probably undergo drawdown and here you could wish to alter the exit rule.
Somewhat than exiting on 4 weeks you probably can try 1 or 2 weeks then go long or quick on the following 4 week trading signal.
This system is a long term trend following breakout based system and until markets were to stop trending long run it's going to continue to work.
Its free so don't discount it, trading legends comparable to Richard Dennis were followers of it and if its good enough for him then it actually is sweet enough for you - it works.
It is a simple extremely efficient logically based system that anyone can perceive and use and you should consider it. Try this foreign money trading system in a demo account and comply with it rigidly to prove the profitability to yourself and make it a part of your foreign exchange trading technique for success.
