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Posts Tagged Forex Trading System

Automated Forex Trading Software – Why Traders Lose Their Money Quickly

Sep 21

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The sales copy of the numerous cheap automated Forex trading software packages sold online promises you financial freedom for a hundred dollars or so but all these packages lose money and the reason why is enclosed.

They make big claims but never have any proof to back them up and the track records are either, back tests done knowing the closing prices or unverified figures from the vendors; you never get an independent audit by an independent source.

Anyone can makeup a track record but if you are buying a system, you need to see some evidence that the results are true. The claims made in terms of performance are ridiculous, you get a track record which would make Warren Buffet or George Soros, envious and all for the cost of a night at the bar; it looks to good to be true and it is.

If you look at the figures 95% of traders lose their money and if these packages worked a lot more traders would win but they don’t. These packages appeal to the naïve or greedy trader and the Forex market soon teaches them a lesson, that there is no such thing as an income without effort in Forex trading.

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The Joy of Automated Forex Trading

Sep 12

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Automated forex trading is setting the trend of the time. In this type of forex trading, Forex robots known as expert advisors are fully automated forex trading software that have come to the rescue of an average person who has interested in investing money in the forex market but is unfortunately not able to do so due to paucity of time. The phenomenon of automated forex trading has gained momentum within a short span of time and today almost every forex trader is going for one or the other kind of automated forex trading system that can enable them to make big money without any hassles.
Automated forex trading offers a plethora of benefits over self directed trading. Most of the self directed forex traders suffer from two major shortcomings; one being emotions tend to interfere with the strategy of forex trading and the other being that money is often managed poorly. Let us take each of the aspects one by one. Considering the former aspect of emotions, greed and fear often create problems for the forex trader and inhibit his/her thinking. What happens is forex traders who rely on their own judgment tend to close their position too soon due to fear and on the other hand, their greed compels them to keep their position open for too long. It is because of these emotions that they suffer losses and thus move out of forex market soon. It is here that automated forex trading more popularly known as forex robot comes into play.
The second issue is that most of the self directed forex traders fail to mange their time effectively and this in turn leads to poor money management. Automated forex trading does not give rise to these kinds of problems and is thus highly preferable. It is not that in automated forex trading, you have no control over your forex trading transactions. It’s just your forex robot or expert advisor that will follow the pre set instructions and this way enables you to concentrate on the more important issues. As far as the instructions are concerned, either you give the instructions or your trading mentor and then your automated computer program will take care of rest of the things and keep doing as you want things to be done.
You can set as many parameters as you want such as you can give clear specifications regarding the price pattern, averages, trading rules, technical indicators, market trend and many more. The system will identify your requirements and develop an algorithm which will work for you automatically.
There are varied kinds of automated forex trading systems available online. Some of them are offered for free while others are chargeable. The two most commonly used automated forex trading systems are desktop based systems and web based systems.
The first one is not very popular as there are some limitations associated with its use. Since the entire data is stored in the computer, it is highly prone to virus attack. Also, this system is likely to face some security issues. If a problem crops up in the computer, it is tough to retrieve the data. On the contrary, web based forex system is hosted on highly secure servers and thus there is greater reliability. It can be accessed from any computer having internet connection and is compatible with almost every internet browser.
To conclude, in the contemporary time, more and more people are becoming aware of the benefits of using automated forex trading systems.

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Automated Forex Trading System – This One Works and Its Free and Made Millions

Aug 26

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Enclosed you will find a simple highly profitable free automated Forex trading system that savvy traders have used for several decades, to make big gains with and you can too… You can of course buy one of the numerous junk robots which come with paper back tests, they have never made any real long term gains and the simulated made up track records never repeat – this one is the real deal and made money so lets look at it. Its simplicity itself and only has one rule which is outlined below.When prices hit a new 4 week high, buy and go long. Hold the position, until a new 4 week low is made take out the long and reverse short. Keep buying and selling new 4 week highs and lows and always have an open position. This rule is objective, simple and all you do is follow it and while it may seem too simple to work the logic it’s based on is sound. Take a look at any Forex chart and you will see long term trends that go on for many weeks or months and you will also notice that most of these trends start and continue from breaks to new highs or lows. In essence the above is a simple, robust breakout system which will give you a good chunk of the big trends and of course big profits. When markets don’t trend, it will of course lose for periods of time and you can ride them out or, you can put a filter in and have a closer stop – i.e. exit on a 1 or 2 week high or low, then wait for the next 4 week signal to re-enter. Either way, it will work long term but the filter will smooth the equity curve. This system was devised by Richard Donchian who is considered one of the true trading greats, it’s has been used by many traders over the years and it will always work long term, because Forex markets always trend. Most traders won’t use it though and the reasons are: 1.It doesn’t have hyped copy or an aggressive name that indicates easy profits 2.It doesn’t try and pick tops or bottoms and predict and while this is impossible, most traders like to try!3. It’s not based on any complex algorithm and despite the fact that Forex is simple and simple systems work best, traders like complexity.4. It holds long term trends and most traders have problems doing this, despite the fact it’s the way to make money. This system works though and for the trader who isn’t looking to beat the market and wants to make solid gains, in around 30 minutes a day its ideal. So take a look at the 4 Week Rule, its left to us by a true trading great and its free, so you have everything to gain and nothing to lose, by looking at this great automated Forex Trading system which has made great gains and will continue to do so.

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Automated Forex Trading System – How to Find the Best and How to Make Big Profits

Aug 25

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The vast majority of automated Forex trading systems don’t work and you need to be able to spot them and its easy to do, if you follow the checklist enclosed, you can avoid the losers and find the best ones and make big profits… So let’s get rid of all the junk ones first. The way to get rid of over 90% of all the Forex robots advertised is to see if it has actually made any money or its track record is simply a back test. Go to the disclaimer and look for the words – “hypothetical”, “simulated” or “back test” and then you will know if it’s been traded in real time or just done on historical data. These track records (and there the vast majority) are made up, knowing all the facts and normally show huge gains, with no real losses and offer the lure of an easy income, with no effort. They literally buy and sell, knowing all the closing prices and bend the system to fit the data the test is run on. This is a bit similar to taking pot shots at a barn door and then drawing a circle around each one, after the event and saying you hit bulls-eyes! Now forget the simulations and find one with a real track record, of at least 2 years, so you know it’s made real gains. The best compound around 30 – 100% depending on how aggressive the system is. Once you have done this check your happy with the losing periods – these will normally vary between a few weeks to a few months and lose anywhere between 25 – 50% from peaks. After you are happy with the above make sure you understand the logic, so you can follow the system through losing periods with discipline.If you don’t have confidence in the logic, you won’t do this so, do your homework and make sure you agree with the system. Judge your automated forex trading system over the long term and ignore short term losses, all systems have them and you need to ride them out. Get a good trading system and you will find it will make you great long term gains, in about 30 minutes a day or less.You need to be realistic about trading long term and not look for a short term killing, you maybe lucky but most system traders judge their system long term and you should too.

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Automated Forex Trading Systems – One of the Best is Free and Enclosed!

Aug 22

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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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