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In this article, you will find a free successful Forex trading system that works and will continue to work, its easy to use and apply and it's enclosed.
There has been a move in recent years by traders to buy into the so called Forex Expert adviser myth where you pay a vendor $200 or less and get an income for life, huge gains and no drawdown but it's a fantasy. These systems never produce audited track records and they all lose.
If you want to make money at Forex and accept that your trading long term, will get losses but can win longer term, with a solid, logical system then this Forex trading system is for you. Let's take a look at it and why it works.
The system is very simple and devised back in the nineteen seventies by one of the true great traders Richard Donchian and while he has passed away now, savvy traders still use this system.
It still works today and will continue to work, as long as markets trend, here it is:
Buy a breakout to a new 4 week
Hold the Position
Wait for breakout to a new 4 week low then liquidate the long and go short
Hold the Position
Keep reversing as new 4 week highs and lows are hit and always maintain an open position in the market
Now while the above is very simple, it works and it does so for two main reasons:
1. It's a long term trend following system and the big trends last for a long time.
2. It buys and sells breakouts and all big trends will start from these breaks and continue from them as the market trends.
It will lose money when markets don't trend but you can add a filter which is to stop yourself out and go flat, on a shorter moving average say 10 or 20 days and then wait to get in again, on a 4 week breakout. Either way, it works and will always work because markets trend.
It take discipline to follow, because its so long term but the upside is, it will only take you a few minutes per day to operate, you can do the calculation in your head and it makes money.
This system has been used by many of the great traders and such legends as Richard Dennis were fans of it, so if you use it, you know you're in good company.
Simple? Yes but it works and all the best trading systems are simple and robust and you don't can't get a simpler system than one than the above! Its free so you have nothing to lose by looking at it and you maybe surprised, how much money it makes.
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