Here I am going to give you a free forex robot which has been used since the late seventies by savvy trades and has made countless millions. It's easy to understand and all the details about it are enclosed so you can make big profits with it too...
This free forex robot, has simply made money, done it over 25 years and it's so simple and effective, so lets look at how and why it works.
The System Rule
It's called the 4 Week Rule and was discovered by trading veteran, Richard Donchian who is considered the gandfather of modern trend following and one of the most influentiual trader of all time. Here is the rule that gives its name:
Buy a new 4 week calendar high and hold, until a new 4 week calendar low is hit and then reverse your position; keep doing this on each new 4 week high and low. You always need to maintain and open position and simply keep reversing, long to short.
One Simple rule - but if you think about it, its obvious why it works and will continue to work, as long as markets trend long term and they will in a free market economy so:
Based on Sound Market Logic
Currencies trend long term for a considerable periods of time which can be months or even years and this system will get you in on and hold these trends. Of course, most of the big trends start and continue from new market highs or lows - just look at a forex graph and you will see this is true.
So what you have is a simple, robust, long term breakout trading system which will put you on the side of every major trend and keep in you in it for maximum profits.
Simple Systems are Best
All the best trading systems are simple and very robust, as they face the volatile, often brutal trading conditions. Complicated systems tend to get turned to dust, as they have too many parameters and break.
It Will Continue to Work
The system will continue to work, as long as markets trend longer term and think we can take that as a geven, in a free market. If you have the discipline to follow it, you will have a system that can lead you to long term profits with your forex trading strategy. If you are serious about making money, you should consider this system.
Think About it?
Would you prefer to pay to trade a forex trading system which only has a paper profits ( most sold forex robots simply have simulated back tests and have never traded for real) - or this one, which has been used by some of the best traders in the world and has been making them millions, for over a quarter of a century?
I know which I Would use and I do, this system is simply excellent!
If you are undecided, take a look at the free forex robot enclosed - it will cost you nothing and you maybe, will be surprised, at just how much money it makes longer term. Check it out and you maybe glad you did.
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ermine when you should place your trades, how long you should keep them in, and when you should get out. These determinations are fundamental analysis and technical analysis. Fundamental analysis looks in depth at the political, economic and social climate within a given country. These items impact how a country's currency is valued. If for example, the country is experiencing economic and political stability, its currency is likely to be more valued than that of another country that is less stable.