Enclosed you will find a free Forex robot which works which is easy to understand and is based on sound logic. Unlike most of the Forex Robots sold online, this one doesn't just come with a back test simulation on paper, its made millions in the real world of trading...
Why Most Forex Robots Fail
Many traders who buy Forex robots, end up disappointed, as the back tested simulation never repeats itself in real time trading. Of course, its easy to make up a track record, knowing all the closing prices - but far more difficult trading forward!
That's where the free one we are going to look at here has an edge.
Real time Success for Over 25 Years
The system has been at the heart of many a successful Forex trading strategy and has been used for over 25 years, to make countless millions. Devised by trading legend Richard Douchian, the system is simple to understand and based on sound logic.
Its called the 4 Week Rule so here is the system rule:
The Rule of the System
Buy a new 4 week high and hold it, until a new 4 week low is hit and then reverse the position. Then Keep an open position in the market at all times. Then Simply, keep reversing on each new 4 week high or low and that's it.
Simple but Very Effective
It is very simple - in fact you don't even need a computer to calculate the rule and its very time efficient too, it takes less than 30 minutes a day to apply and the rule tells you exactly what to do, no subjective judgement is required.
Sound Timeless Logic
The system is based on very sound logic which any trader can understand and that's:
-Most big moves start and continue from breaks to new chart highs and lows
-Forex markets trend long term and this one doesn't focus on the short term random noise of the market but locks into the big trends which make the big profits. The system therefore keeps you on the right side of every major trend.
Making Money from the Big Trends
If you think about the recent big moves in currencies, where we have seen strong trends, this system made a ton of money. Now you may well see ok, it's a long term trend following breakout system - but what happens if the markets don't trend?
A Filter
If the markets are locked in tight ranges, this system will generate "false" signals and losses. You can either ride them out, or add a filter.
The filter simply exits on a shorter time span. You could for example if long, exit on a one or two week low and then wait till the next 4 Week high or low to be hit, to get back in the market.
Why Most Traders Won't use this System
Of course most traders won't use this system, they will say its to crude and simple and can't make money but a test on any Forex chart shows that it does.
It's a fact that simple Forex trading systems always work best, as they are very robust. It's also to long term for most traders, who want to try and trade the market noise and finally, it doesn't come with some ridiculous name, mythical connotations and glossy packaging.
Why Most Forex Robots Fail
Many traders who buy Forex robots, end up disappointed, as the back tested simulation never repeats itself in real time trading. Of course, its easy to make up a track record, knowing all the closing prices - but far more difficult trading forward!
That's where the free one we are going to look at here has an edge.
Real time Success for Over 25 Years
The system has been at the heart of many a successful Forex trading strategy and has been used for over 25 years, to make countless millions. Devised by trading legend Richard Douchian, the system is simple to understand and based on sound logic.
Its called the 4 Week Rule so here is the system rule:
The Rule of the System
Buy a new 4 week high and hold it, until a new 4 week low is hit and then reverse the position. Then Keep an open position in the market at all times. Then Simply, keep reversing on each new 4 week high or low and that's it.
Simple but Very Effective
It is very simple - in fact you don't even need a computer to calculate the rule and its very time efficient too, it takes less than 30 minutes a day to apply and the rule tells you exactly what to do, no subjective judgement is required.
Sound Timeless Logic
The system is based on very sound logic which any trader can understand and that's:
-Most big moves start and continue from breaks to new chart highs and lows
-Forex markets trend long term and this one doesn't focus on the short term random noise of the market but locks into the big trends which make the big profits. The system therefore keeps you on the right side of every major trend.
Making Money from the Big Trends
If you think about the recent big moves in currencies, where we have seen strong trends, this system made a ton of money. Now you may well see ok, it's a long term trend following breakout system - but what happens if the markets don't trend?
A Filter
If the markets are locked in tight ranges, this system will generate "false" signals and losses. You can either ride them out, or add a filter.
The filter simply exits on a shorter time span. You could for example if long, exit on a one or two week low and then wait till the next 4 Week high or low to be hit, to get back in the market.
Why Most Traders Won't use this System
Of course most traders won't use this system, they will say its to crude and simple and can't make money but a test on any Forex chart shows that it does.
It's a fact that simple Forex trading systems always work best, as they are very robust. It's also to long term for most traders, who want to try and trade the market noise and finally, it doesn't come with some ridiculous name, mythical connotations and glossy packaging.
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