A Free Forex Robot That Makes Big Profits!
You can buy one the numerous cheap Forex Robots online but none of the heavily advertised ones will produce the profits of the free Forex robot enclosed and everything you need to know about it is enclosed.
The robots sold cheaply online, all tend to have one thing in common – they don’t have real verified track records of making money.
Look closely and you will see, most are paper simulations going backwards knowing the closing prices and a few, put up account statements your supposed to believe but with no verification from an outside source. In fact these robots are not even designed by traders, there deogned by computer programmers, who can only make money knowing the closing prices and when these robots get traded for real by the user they lose quickly.
Our free Forex robot is designed by a legendary trader, Richard Donchian and has made money for over 25 years. His simple system is admired and used by some of the worlds top traders and has stood the test of time. Don’t think its complicated though it couldn’t be simpler, it only has one rule which is outlined below:
Buy a currency as it breaks to a new 4 week high and then maintain the position until a 4 week low is hit and then reverse the position to a short. All you have to keep doing after this, is reversing as new 4 week highs or lows are hit.
Now that is very simple and all the best trading systems are – but it makes a lot of money and will always work and the reason why is obvious:
Forex markets trend for long periods of time and all the best trends start and continue from breakouts.
Will most traders use this system? No they won’t and there are several reasons why.
Most traders lack discipline and can’t hold long term trends and most traders cannot accept periods of losses ( all systems have them though) but traders hate them and either quit or deviate from their system and lose. If however you have discipline to use this system and follow the trading signals, it will make you a lot of money over the longer term.
So you can either buy a robot with a fancy name, glossy packaging and a simulated track record by someone who has never traded before or you can get a Free Forex robot, by an acknowledged trading legend. with a track record of real money gains over 25 years – not a hard choice really!
NEW! 2 X FREE ESSENTIAL TRADER PDFS For free 2 x trading Pdf’s, with 50 of pages of essential Forex info and the BEST Currency Trading Strategies visit our website at: http://www.learncurrencytradingonline.com. Article Source:http://www.articlesbase.com/currency-trading-articles/a-free-forex-robot-that-makes-big-profits-1375892.html
ESSENTIAL FOREX TRADING COURSE
Online Currency Trading by Robots
Of course you can buy a currency trading robot from a vendor but the one enclosed wont cost you a cent and will beat 95% of those sold – lets take a look at it.
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Before we take a look at our free one, it lets see why most paid for ones fail to deliver and why you’re better off not paying for one.
Generally, they have never been traded and come with a simulated track record, using past data. This is the disclaimer you will normally see:
“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”.
What generally happens is a system doesn’t make money on first attempt, so the vendor adds more rules in and bends the system to fit the data. No two pieces of data replicate themselves exactly again and the system ends up wiping out the user.
This is known as curve fitting and most sold systems do it.
Now let’s look at our free one.
Its one rule that’s it so you can’t bend one rule by its very nature!
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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.
Originally it was devised to work on commodities but works on any trending market and currencies trend well.
Here is the rule:
Cover short positions and enter longs when a price exceeds the highs of the previous 4 calendar weeks. Close long positions and go short when a price falls below the lows of the previous 4 calendar weeks.
That’s it!
Very simple – but it makes money and many of the world top traders have used this system and still use it today. Simple systems work best as they are more robust in the face of ever changing brutal market conditions.
The system works great in any trending market and will put you on the side of every major trend of course when the market is not trending it can suffer drawdown and here you may wish to alter the exit rule.
Rather than exiting on 4 weeks you can try 1 or 2 weeks then go long or short on the next 4 week trading signal.
This system is a long term trend following breakout based system and unless markets were to stop trending long term it will continue to work.
Its free so don’t discount it, trading legends such as Richard Dennis were fans of it and if its good enough for him then it really is good enough for you – it works.
It’s a simple highly effective logically based system that anyone can understand and use and you should consider it. Try this currency trading system in a demo account and follow it rigidly to prove the profitability to yourself and make it part of your forex trading strategy for success.
Get Best Forex Trading Robots to help you to make profit!
Best Forex Automatic Robot Program and other Related Resources: Article Source:http://www.articlesbase.com/currency-trading-articles/online-currency-trading-by-robots-1347553.html
Online Currency Trading System – A Free One You Can Use Right Now For Big Forex Profits!
In this article we will give you an online currency trading system which not only makes great profits its totally free for you to use and after reading this article you will know the equation and why it works – lets take a look at it.
Many users buy the heavily promoted Forex robots and Expert Advisors sold online and they all lose money – why?
Because they are just marketing hype and the track record, is no more than a simulation over past data, so the track records are just paper ones constructed knowing all the closing prices! Well that’s so easy a child could do it – but when these systems trade going forward they all lose money.
The system we will look at, not only was devised by one of the true trading greats, its been making huge profits for over 30 years. The system was devised by Richard Donchian and only has one rule and it’s this:
Buy a new 4 week high – hold it – wait for a new 4 week low to be exceeded then reverse the long and go short – Keep reversing the position thereafter, as new 4 week highs and lows are made.
The above is very simple and you don’t even need a computer program to calculate the rule, you can do it in your head – but don’t think it doesn’t make money because it’s simple it does!
All the best online currency trading systems are simple and a simple system will work better than a complex one, because it’s more robust with fewer elements to break.Its a based on timeless logic which is the big trends all start and continue from breakouts, so its a great way to trade – as long as markets trend long term this system will work and this will always happen in a free market.
So before you waste your money, on buying a system with a fancy name and a simulated track record, try the online currency trading system enclosed and you will have a great system which makes money and best of all its totally free to use; try it and you will be surprised at how effective it is at increasing your Forex profits.
NEW! 2 X FREE ESSENTIAL TRADER PDFS For free 2 x trading PDF’s, with 50 of pages of essential Forex info and a PROVEN Online Currency Trading System visit our website at: http://www.learncurrencytradingonline.com.
ESSENTIAL FOREX TRADING COURSE
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