Posts Tagged ‘profitable trend forex system’
A Free Forex Trading System
Free Forex Trading System – This System is Free, Proven and Made Millions!
If you want a free forex trading system which has worked, has made traders countless millions is simple to understand and can be executed in around 15 minutes a day then this is the forex trading system for you.
Many people buy systems online and most don’t work. The numerous forex robots you see, all claim they can make you money but they have never been traded and the track records you see are all made up simulations – this free forex trading system though doesn’t simply talk the talk it’s walked the walk.
Why simple systems work best?
The system enclosed is so simple you don’t need to even have a computer to calculate it, you can do it in your head – but don’t be deceived by its simplicity – simple systems work best as they are very robust and have fewer elements to break than complicated ones. The system was originally designed to trade commodities but will work on any financial market which offers good long term trends and forex markets offer great trends – that last for weeks, months, or even years.
The System
Is called the 4 Week Rule and was devised by a trading legend Richard Donchian, in the late seventies. It’s stood the test of time and made traders millions. Let’s now look at the system rule. By a new 4 week calendar high and stop and reverse to a short position on a new 4 week calendar low – then do the same in reverse and constantly maintain a position in the market. It’s a very powerful trading system and will give you the following advantages:
1. You will get on the right side of every major trend and bank a big percentage of them as profit.
2. No subjectivity is involved and you have a totally objective rule.
3. It takes very little time about 15 minutes a day and that’s it.
The system does take tremendous discipline to follow but if you have a disciplined nature, you will see why this free forex trading system will make money – it’s based on the fact that currencies trend and most new trends, start from new market highs or lows.
A Filter
Like any trading system it’s not perfect and doesn’t work all time and has a downside and that’s if the markets are not trending and moving sideways, it will generate losing signals.
Here you might like to try a filter to smooth the equity curve.
Exit on a 1 or 2 week stop, or a moving average and then go flat.
Re-enter on the next 4 week signal.
A System You Can Use Right Now for Bigger Profits
This system works, will continue to work and while traders waste their money and their time, on worthless sold forex robots and systems, they could use this one for free! Don’t let anyone tell you that complicated systems work better – they don’t.
Forex trading success is based around a simple robust trading system which is executed with discipline. So if you want to achieve currency trading success make the 4 Week Rule the basis of your forex trading strategy and you can get a head start on the road to consistent profits.
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Published: 8/23/2008
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