Forex Robots - This One is Free Proven and Makes Huge Long Term Profits

| Posted: 13-06-2008 | Comments: 0 | Views: 54 | Rating: (56)

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Of course you can buy one but why not get one that doesn't cost a cent, is simple to understand has worked and will continue to work? This forex robot beats almost any you see for sale online so why waste your money?

This system beats all the ones you see for sale because - its got a track record in real time and is NOT curve fitted.

Most systems you see for sale, have never been traded and have there track records bent to fit the data, in meaningless paper simulations.

Seen a forex robot for sale? Then look for the warning below - your bound to see it:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

The vendor simply bends the track record in hindsight, until it works on the data.

As no two pieces of data ever replicate themselves exactly it loses. Would you trust a system with the above disclaimer written on it I wouldn't consider a system which has made paper money, if I want paper profits I can play Monopoly!

The one we are going to look at is different.

Many top traders have used and even the legendary Richard Dennis was a fan of this forex trading system.

Here it is and it is based on just one rule:

In a calendar month buy a new 4 week high or sell a new 4 week calendar low. The system is a stop and reverse so will always be in the market - that's it.

Simple?

Sure it is - but it makes money and that's what any forex trader wants.

It will get you on the right side of every major trend and works in any trading market not just currencies.
It was devised back in the seventies by legendary trader Richard Donchian, who is considered the grandfather of modern trend following. Originally, it was devised to trade commodities but works on currencies, as they are great trending market.

No system is perfect and this system will get chopped when markets don't trend, so you may wish to re consider the exit rule and exit on a 1 or 2 week high or low and go flat, then enter on the next 4 week signal.

Will most traders use the above?

No they wont, they will say its to simple and can't work- but test the rule and it does and always will, because its based on trending markets and breakouts.

In fact, simple systems work best, because they are more robust in the brutal world of real trading, with fewer elements to break.

It may not have the image of a neural network, system based on chaos or Fibonacci but in the cold hard world of trading where fancy names don't matter, it will probably beat 90% of them hands down.

So if you want a robust forex robot, which is simple to understand, takes only a few minutes to apply and makes big long term gains check it out and remember it will cost you nothing - just some time and trust me, that will be time well spent.

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Article Tags: Forex Trading System, Currency Trading System, Forex Trading Robot, Mechanical Forex Trading System

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Forex Robots - This One is Free Proven and Makes Huge Long Term Profits

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