Forex Robot - Free & Effective

By: Kelly Price

The forex robot won't cost you a cent, yet it will bear most of the forex trading systems sold online so, if you want bigger forex profits check it out all you need to know is enclosed...

Before we look at this system be aware that most systems sold should NOT be classified as such because they have never been traded and normally have this in the small print, against there supposed track records:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

The track records are on paper not real dollars, so it's hard to take them seriously.

Anyone can make up a track record if they have access to the price data in advance, a child can do it and so can you but it wont make you money in the brutal world of real time trading.

Now let's look at our free one that has been making money for years and has been the basis of a number of successful trading systems.

The system is called The 4 Week Rule and (there is only one rule and you don't even need a computer to calculate it) here it is:

When prices hit a 4 week calendar high go long and when they hit a 4 week low go short i.e stop and reverse. That's it, there's your system.

You may say, that sounds too simple to make money - but don't be deceived the simpler a system is, the more robust it will be.

There is no correlation between how complicated a system is and how much money it makes.

This system works great on trending markets and will keep you in and catch every major move of course, with any system there is a downside and that's when markets don't trend, this system will whipsaw.

Here you can simply alter the exit filter to 1 or 2 weeks to cut drawdown, go flat and re enter on the next 4 week trading signal.

This trading system is a great one for patient traders, who want to make money from the longer forex trends and it works.

Simply test it and see for yourself.

So when you see all those great forex robots for sale, check the track record and you will see there not all they seem and get yourself one which has performed, made money and savvy traders use, to pile up long term forex profits and enjoy currency trading success.

It's profitable, free, easy to understand and time efficient to use, check it out and maybe glad you did.

Foreign Exchange
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