Forex Trendy | Options For Income - Great Tool

Forex trendy has many options for income. Hello everyone, today I will review a Forex tool and not a forex system or EA. This is a great tool for someone that likes to trade the markets manually. The name Forex Trendy actually describes the system quite well. The system will scan up to 34 charts all with different timeframes to find charts on pairs that are trending the best. This is a great tool! This will save the trader oodles of time looking for the best trade and timeframe to trade.

You can also use this with various expert advisors that trade the trend as well. Just fire up the tool and wait for favorable market conditions, then activate your robot and sleep well!

The system will also draw trendlines, wedges, triangles etc for you from which to trade from.

Live charts of emerging patterns and the history of completed patterns.

Forex Trendy uses sophisticated algorithm to consider which trend line or pattern looks better – with more touching points, etc. Many traders don't do this correctly! Chart pattern recognition is included in Forex Trendy for no extra fee!

In summary this is a great tool that does a lot of the hard work of trying to find the best trend for you. anytime we can free up precious time, this is a good thing! You can also set this up to send SMS signals and email alerts as well. Time to amp up your trading style!

CLICK HERE FOR ACCESS TO FOREX TRENDY!

Foreign Exchange Trading | What Are The Options?

Foreign exchange trading what are the options? Hi everyone, today I want to discuss what the options are for anyone interested in trading the currency market aka Forex market. If you are just starting out, one must ask themselves a few questions.

>How much time daily do I have to trade?
>What is my risk appetite like?
>Do I want to trade manually or let a "robot" trade for me (autotrade)?
>How much am I prepared to lose(because you will lose at some point)?

The last question ties into your risk appetite. Your risk will undoubtedly change based on your start-up capital. Let me provide an example. If you are starting to trade with 200USD you may want to increase your risk higher than normal because you are "only" trading with 200USD. But if you are trading with 200K USD, you can lower your risk to let's say 1 or 2% of you equity risked and still make a decent amount of money. Its all relative based on your capital. Easy enough right? Ofcourse there are more variables involved as well like your risk to reward ratio. For example, if you are trading with a Stop Loss of 50 pips and a Take Profit of 50 pips, then your RR ratio is 1:1. Over the short term this may be OK but to lower your risk I would say try to hit a RR of around 1:2. So you might set your Take Profit at 100 pips and your Stop Loss at 50 pips.

So if you decide you have enough time to babysit your trading account, then you will opt to manually trade your account. There is a lot of different ways to manually trade your account, which I will save for another post to keep this brief but, here is a simple, effective, and easy way to trade manually.

If you decide that you want to let a robot trade your account, then you will have a number of options. Many of the options will be poor ones, but if you look hard enough you will find the best options for your trading style. If you wish to see the best options for autotrading your account, well you are at the right spot. Let me offer you the best options here.

You see readers of this post will benefit from my "growing pain" trading the FX market. I am providing the best options for you here today. And I am not asking you to "subscribe" to anything like some other sites do.

In summary I would like to say welcome to trading the FX market. One can expect many challenges, but I hope this post has made life a little bit easier. Happy Trading and Happy New Year.

A Sound Manual Forex Trading Strategy

A sound manual trading strategy. Hi everyone, you may have time to manually trade your forex account, and for those I wanted to share a simple yet effective way to trade without an expert.

Support and Resistance Trading

This is about as easy as it gets, yet many traders try to complicate trading with many indicators drawn all over their chart. Let's have a look at this chart. This would be a trade set-up for a "long" trade or a "buy" trade.

In the above example we would have a profit of around 28 pips. Not bad at all. Now depending on your risk appetite you would probably want to put a stop loss around the start of the support line. This would protect the trade in the event of a severe reversal or news event.

If we mirror the above chart the same can be used for a "short" trade or a "sell" of the market. The line would actually now be called a resistance line. When the price moves up and closes around the resistance line, we can place our order. You will notice that the price bar will not always close on or near the line. This is common and generally not a good time to enter the market. Look for the bar(candlestick) to close around the line.

I hope this illustrates a simple way to trade the market if you have the time to "watch" the market. Otherwise a solid expert advisor is probably your best bet, as you may be missing trade opportunities. Happy Trading!

Remora EA | New EA Due To Release Jan 2014!

Hi everyone!, this new EA is due to come out around January 2014. I am writing about this one prior to its releases because I believe it looks promising

"Follow the big fish"

This is the slogan for this EA, and it describes the strategy as a trend following EA. It appears to operate on the EURUSD 15 min. time frame. It opens a position when the market establishes a true direction.

It has 2 sub-strategy:

- Main strategy has a 15 pips hard TP with 45 pips hard SL, equipped with dynamic SL if the market doesn't go in the appropriate direction. This strategy contains the 90% of the trades.

- Small strategy needs a smoother market movement and has 6 pips hard TP with 22 pips hard SL. This strategy contains the 10% of the trades.

Lot size is based on equity AND market movement. This tells me that the risk will vary based on price action.

What about a LIVE forward account?

Yup we can follow this account below;

What about a backtest?

Time: 2003.05.05 - 2013.10.01

Fix spread: 1 pip

Starting Balance: 10,000

Finish Balance: 2,633,039.06

Maximal Drawdown: 26.58%

Profit factor: 1.63

Total trades: 1645

Longs won: 76.09%

Shorts won: 77.98%

See more here

The backtest is a tick data backtest as well. Let's see how the above LIVE account pans out over the next few weeks to determine its worth. Face value tells me this one has a lot of potential. At time of writing it is unclear what the cost will be. Also I cannot determine how many accounts we can trade with this.

Volatility Factor | After Christmas Discount

Volatility factor after christmas discount. Hi guys! the Volatility Factor team has just announced an after Xmas discount promotion! You can download the robot at 50% off the regular price. The details are below;

- Volatility Factor EA Single License - $149 (Regular Price: $299)
- Volatility Factor EA Full License - $249 (Regular Price: $399

If you are on the fence about this EA, now is a great time to take advantage of the discounted prices.

Volatility Factor continues to be one of the better options when autotrading Forex. Happy trading and Happy Holidays!

DOWNLOAD VOLATILITY FACTOR AT 50% OFF REGULAR PRICE

Wallstreet Forex Robot | Extended Xmas Discounts!

Wallstreet Forex Robot discount. Hi Guys! Starting today the WSFR team has decided to extend their Xmas discounts. The discounts will be 30% off the regular prices.

The offer will start the 26th of December and go until Dec. 31. The discounts are as follows;

- WallStreet Forex Robot Single License - $209 (Regular Price: $299)
- WallStreet Forex Robot Full License - $339 (Regular Price: $489)

The WSFR continues to be one of the best options when trading forex with a robot! If you are on the fence with this strategy, there is no better time to jump on board. Happy Trading and Happy Holidays!

DOWNLOAD WALLSTREET FOREX ROBOT AT 30% OFF

Forex Autotrading All-Stars 2013

Forex autotrading all-stars 2013. Hi Guys! every year I like to review the top performing forex robots. For this year we have some recognizable EA's and some new kids on the block. For this year there are 4 robots from which I would trust my own cash with. Without further ado let's examine these shall we?

1. ) The WSFR or Wallstreet Forex Robot. For this year as well as last year it is STILL a wonderful robot to trade with. Let's examine why;

>To date at time of writing, 67.73% gain
>571 pips
>Low DD of 8.88%

2.) Volatility Factor EA. This is a relatively newer EA with a higher DD than WSFR, but higher gain and more pips. The higher DD slots this one at number 2.

>To date 90.65% gain
>682 pips
>27% DD

3.) Steadywinner V6. The successor to version 5 has done well especially as of late.

>12.84% gain to date
>264 pips
>DD of around 5%

4.) Forex Diamond V4. The new kid on the block.

>55.4% gain to date
>457 pips
>DD around 22%

Anyone of these robots would be an excellent robot to trade with your hard earned cash. But if I had a large sum of money, I would go with WSFR with the special settings. Note that each of the above named EA's are all excellent and from a logic standpoint are very good pieces of software.