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Titled: Automated Forex Trading System - This 1 Rule System Could Make You Big Profits
Automated Forex Trading System - This 1 Rule System Could Make You Big Profits
Article Summary: Enclosed I am going to give you a 1 rule simple automated forex trading system which works and will continue to work and has made savvy traders millions and even better its completely free and you will find it enclosed. This system is simple and you don't actually even need computer software program to calculate it but do not be deceived by its simplicity, long term it works.
Enclosed I am going to give you a 1 rule simple automated forex trading system which works and will continue to work and has made savvy traders millions and even better its completely free and you will find it enclosed...
This system is simple and you don't actually even need computer software program to calculate it but do not be deceived by its simplicity, long term it works.
It's called the 4 Week Rule and was originally devised to trade commodities by trading legend Richard Donchian and it works on any trending market and the rule is simple:
The Rule
Buy a new 4 week high and then stop and reverse your position on a new 4 week low. Always maintain an open position, buying a 4 week high and selling a 4 week low.
Why It Works
Simple?
Of course it is but this system works on its own long term and will get you in on every major big trend and is based on breakout trading which works and will continue to work.
If you look at forex trends on a forex chart, they tend to last for weeks, months or years and continually break new highs or lows as they continue and that's why this system is so effective.
Its simplicity is its strength - as it only has one rule, it is incredibly robust and it's a known fact that simple forex trading systems beat complicated ones.
A Filter
Its only downside is that in non trending markets the system will generate false signals which cause losses but you can add a filter and exit on a 1 or 2 week stop and re enter on 4 week rule. This will smooth the equity curve and you can also experiment with short term moving averages as well.
You Need Discipline to Trade it
Another advantage is its totally objective and you just need to follow the rule. On the other hand, most traders will have a problem with this, as its not fussy about marketing timing and also it doesn't trade very often which won't suit traders who like the thrill of trading but if you want to make money and save time, it's a great system.
Some of the worlds top traders have used in their trading strategies and even trading legend Richard Dennis was a fan and if he liked it, you know you're in good company!
When looking for an automated trading system to trade you should consider the 4 Week Rule and you will find it out performs 95% of the forex robots sold online over the longer term.
We have used it for over 20 years and its worked well for us and can for you. Considering it's a free system you have nothing to lose by looking at it - just test it and try the filters and you will surprised at how much money you can make with it.
Article Source: http://www.upublish.info
About the Author:
kelly price
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