Monday, November 17, 2008

Forex Trading on Auto Pilot - A Free System That Works and Has Made Millions! by Kelly Price

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votes
voteIf you want to trade Forex on auto pilot and simply follow clear signals, then the system enclosed is for you. It's free, works and has been used by successful traders all around the world, for 25 years and made huge gains. All you need to know about it is enclosed...
A Free System that Works

The system we are going to look at here is simple (all the best systems are) very robust and based on sound market logic and its totally free of charge.

Of course you can buy a Forex trading system from a vendor - but normally there a waste of money, as they never have a track record that real - it's a paper back test, knowing all the facts!

This one is different - its made tons of money in the real world of trading and will continue to do so.

Below is the rule of the system and it's simply this.

The System Rule

When a new 4 week high is hit - buy, when a new 4 week low is hit sell the existing position and go short and then reverse and go long on the next 4 week high. You then keep a position in the market all the time and keep taking action, on each new 4 week high or low.

The rule is objective and clear and all you do is follow it. Does it make money though?

Why it will Always Work

The answer is yes - sure it looks simple and it is but that doesn't mean it doesn't make money long term - it does and will continue to do so, as it's based on sound logic.

Forex market exhibit big trends and these trends normally start and carry on from new market lows and highs, so essentially it's a long term breakout methodology which works and will continue to work. You will with this system get in on and stay with every major trend.

Any Downside to the System?

All systems have a downside and this one does to. When markets don't trend, it can incur losses but you can add a closer stop - say exciting on 1 or 2 week low and then go back into the market on the next 4 week signal. Either way it makes money long term but the filter smoothes the short term equity curve.

You need Discipline to Follow it!

The other problem traders have is executing a long term trend following system with discipline and holding big moves. Most traders simply hate doing this, so if you are an impatient or undisciplined trader pass it by. If on the other hand you have discipline and patience and look long term, this system can make huge gains.

Big Gains for Over 25 Years and More to Come

The system was devised by trading legend Richard Donchian back in the seventies and is still popular today. The reason its so popular is it works.

It's nice to get something free, useful and profitable and Richard Donchian has kindly left us a system that can help us be more profitable and for that I am personally grateful.




About the Author
FREE! PROVEN FOREX ROBOT & ESSENTIAL FOREX PDF's

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