Have you experienced times when your EA was profitable in the trending market and suddenly all the profit was taken back in a series of losses? What is the reason and HOW TO AVOID IT?
Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a system can be profitable for several months and you would be happy with it. BUT…
PREPARE FOR THE WORST…
Market change over time. A well-designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex system recognizes the trend.
PROBLEM: FALSE “STRONG TREND” INDICATION.
The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a “strong trend”, but what usually happens next is a hard fall.
To avoid falling into this trap, check for the SOLUTION to find a REAL trend: Forex Trendy – The Real Solution FX Traders Want
SECOND PROBLEM: TREND RELIABILITY
Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job. The problem comes with the question: “Is the market trending NOW?” Whether the market is trending or not trending is not like black and white. The correct question is: “How well the market is trending?”
And here we have something called TREND RELIABILITY.
Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. “Forex Trendy” is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart: Forex Trendy – The Real Solution FX Traders Want
Many questions about the cool “Forex Trendy” software. Here are the answers to the most frequent questions.
Q: Which platform to use with this software?
A: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5, TradeStation, NinjaTrader… because the software runs on dedicated computers and you only need a web browser to get the instant result online.
Q: How many currency pairs does Forex Trendy scan?
A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34 pairs x 9 time frames = 306 charts.
Q: What method is used to determine the trend?
A: The trend reliability is determined by the “Trend Drawdown” – a method that uses no indicators, but pure price action. This method is explained in the ebook you will get in the subscription.
Q: Which configuration do I need?
A: Use the latest version of any major web browser (Internet Explorer, Firefox, Chrome, Safari, Opera…)
Q: Does it work on mobile devices?
A: Yes, it has been tested on several mobile devices and browsers.
Try it now: Forex Trendy – The Real Solution FX Traders Want
You can also find more Forex related e-courses at 24×7 E-University.