subject: Forex Shockwave Review – Does This Forex Robot Trading Software Work? [print this page] Does the Forex Shockwave Robot trading software really work? This piece of trading tool has been developed with much emphasis on its high speed of trading on the MetaTrader 4 Forex platform.
As one of the latest expert advisors created for automated trading, there has been a lot of speculation about how it really works and why it is able to generate a higher number of accurate trades than most other trading robots. This package also comes with a more advanced version of the software that can execute more complex trading strategies, a study course as well as monthly optimizations.
1. Which Currency Pairs and Time Frames Does Forex Shockwave Work On?
This trading robot mainly trades 2 currency pairs and diversifies risks and profit targets equally amongst both pairs. It has proven during beta tests that it can trade in both long and shorter term time frames. During short time frame trading, the algorithm of the bot is capable of filtering out the noisy price movements and accurately determines the actually short term trends in the market.
2. What Are The Different Trading Strategies Employed by Forex Shockwave?
The longer time frame trading strategy trades slightly less frequently that the short time frame one but delivers safer and higher confidence trades. One of the technical analysis tools used by FX Shockwave is called the Automated Price Action Recognition (APAR). This is a set of proprietary algorithms that analyzes price trends to generate highly accurate short term and long term price forecasts.
3. Review of The Forex Shockwave's Trend and U Turn Points Indicator
Another algorithm that you can get with this robot is the Trend & U-Turn Points Detector. This indicator recognizes market and price turns well in advance to allow exiting of trade positions to secure profits and avoid reversals on your trades. These are certainly not lagging indicators that only react well after the price movements have taken place.
Forex Shockwave Review Does This Forex Robot Trading Software Work?
