My Personal Finance Blog

The free forex robot we are going to look at is free and makes money, yet most traders never consider it. Lets look at how and why it works but despite this most traders wont use it…

Automated Forex trading systems are big business online – but the vast majority don’t make money. They simply promote paper track records which fail in real time trading and destroy the traders equity.

The one we are going to look at here has worked in real time and many of the top traders have used it in their forex trading strategies, to make big profits.

This is a simple system it only has one rule to follow. The system was devised in the seventies by one of the great traders Richard Donchian, who used it to trade commodities markets.

It doesn’t just work on commodities it works on any trending market and currency markets are therefore ideal, as they offer excellent trends.

Let’s take a look at the rule of the system which is called the 4 Week Rule.

Buy a new 4 week calendar high – stop and reverse the position, on a break of a new 4 week calendar low and then look to stop and reverse again on a new 4 week calendar high and continue to do this always keeping an open position in the currency.

That’s it and while incredibly simple, it works for the following reasons.

It’s based on breakout methodology

It’s a fact that most big trends, start and continue from new market highs or lows, so this forex robot will make sure you are in on all the big trends and profits.

Long Term Trend Following

It’s based on catching and holding the long term trends.

A look at any forex chart will reveal trends that continue for many months or years and this trading system will keep you in them without getting bumped out by short term volatility.

It’s Totally Objective and Disciplined

You don’t have to think or make subjective judgements; you get a clear cut signal which you simply execute in the market.

It’s Time Efficient

It will take you around 15 – 30 minutes a day to operate and that’s it, you can go and do something else.

Like any forex trading system it will have a weakness and this one will generate losses, when markets don’t trend or are in periods of consolidation, so you can consider adding another exit rule:

Place a stop at a one or two week high or low and then go flat and wait for the next signal.

This can help combat a non trending market but whichever way you choose this free forex robot will make big long term gains.

Most traders don’t even consider this system, even when they know it works!

Why?

Quite simply because they think it’s too simple (even though all the top trading systems are), also it’s not a system that goes for pinpoint market timing and many traders want to predict highs and lows, even though its obvious this is not possible.

Finally, it just isn’t packaged nicely – you get no flashy box, or name that indicates it’s vicious animal, or a load of garbage sales patter.

For some reason traders will buy forex robots that have never been traded but one that can make them money – they ignore it!

If you want to make money in forex trading, this free forex robot will help you and you should try it. The system doesn’t cost you anything and has been used for over 20 years by numerous traders, to improve their forex profits and it can help you achieve forex trading success too.

When you look back at a forex chart forex trends that last for weeks or months are easy to see but there much harder to hold in real time trading. There are huge profits to be made if you can milk the longer term trends but you must be aware of two main problems you will encounter.

Volatility within the Main Trend

When your are forex trend following you get constant pullbacks in price and you have to decide whether they are a trend change or a pullback and this is not so easy when money is on the line.

The dilemma you face is:

Where should you put your stop so that you can stay with the trend but get at least a good chunk of profit should the trend turn.

For this you should have an understanding of standard deviation of price – if you don’t know what it is – make it an essential part of your forex education.

Our view is to use trend line support and moving averages pullbacks to the 18 – 25 day moving average are normal and pullbacks to the 40 day moving average indicate a trend that might turn.

Once the trend is in motion, use the 40 day and trend line support as your stop.

Of course when the trend turns you give back a bit of profit but that’s ok – if you caught 50% of every major trend, you would be very rich.

Don’t ever try and predict when a trend might end or impose your view on the market let the market action tell you when you are wrong.

You Have to Accept Short Term Dips to Make Long Term Gains!

Many traders get excited when they get a profit and the bigger it becomes, the more excited they get – Every dip in open equity causes them emotional turmoil and they simply want to get the profit in the bank, before it gets away.

They end up snatching their profit and banking a marginal one – what happens next?

The trend continues and makes $5 10 or 15,000 and their not in yet, that’s where they thought the price was going anyway!

They just didn’t have the discipline to stay with them.

The fact is you must be disciplined and be prepared to take open equity dips – sometimes of thousands at a time, once a big trend is in motion.

This requires confidence and discipline in your forex trading strategy, an understanding of volatility and a mindset to put up with it, to seek a longer term gain.

Take a look at a forex charts and you won’t just see trends at present that yield a few hundred pips in motion, you will see ones that could give you thousands or tens of thousands and you can get these trends with the right attitude.

If you have the discipline and the mindset to succeed you can make a lot of money from long term trends – you don’t have to be perfect and you and you don’t have to be clever, just have the patience to stay with the trend, until the chart tells you that your wrong.

You see, many financial experts say that this is a very good time to start investing, but when you start shopping investment products, you find that there is great variance between the supply of products. Understanding the term given to various types of funds and products will help you choose the best for your needs. Two terms are often interchangeable, and in one case, whether the investment in afer assurance vie and trade in bourse en ligne. Although this may seem like similar actions, they have some distinct differences.
In general, investment is putting money into something with the hope to make more money after a long period of time. Investments are typically held for years before they cashed in for profit. The longer the investment is held, the more potential to get going. Life insurance is one of the examples. To get more advantages, one should do the comparatif assurance.
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