Here we are going to look at a free forex robot the pro traders use to make millions and you can too. It’s simple to understand, time efficient and works… Forex robots have a bad name in general because most sold online have never even been traded for real and the track records are just simulations on paper which of course is easy, in the real world you don’t get the advantage of knowing the closing prices and the result is a wipe out. This system is different. It’s been traded for real for over 25 years, made tons of money and can make your forex trading strategy more profitable too. Let’s look at it and why it works. The system was devised by one of the trading greats – Richard Donchian. He noticed a 4 week cycle in many markets and thought up this simple system and it only has one rule which is below and its rule gives its name The 4 Week Rule. Buy a new 4 week high and hold it – then reverse this position to a short, when a 4 week low is hit. Keep a position in the market at all time and reverse on any new 4 week high or low. Why it Works That’s it – nice and simple but it works. Currency markets trend long term and most new trends start from and continue, from breakouts to new highs and lows. If you think about the recent huge moves in the market, ask yourself this question: How much would this system have made? Look at the Forex charts and you will see how much you could have made with it.These have been big moves and this forex trading system, puts you in and keeps you in them and it’s these moves that pile up the big profits. A Simple Route to Profits Don’t be deceived by its simplicity and think it doesn’t make huge profits – it does and will continue to do so, as long as markets trend and they always will. Simple systems always work best, as they are robust with few elements to break and this makes them great for trading an odds market like forex.A Filter to Smooth the Equity CurveThe system works great when markets trend – but when they don’t, it will of course lose (no systems perfect) but you can add a filter – exiting on a 2 week low or high, then going flat and re entering on the next 4 week trading signal. A Great Time Efficient Way to Make Big Profits So there you have it – a simple forex robot, that’s objective, can be executed in 15 minutes a day and makes big long term gains – in fact you don’t even need a computer, you can do the calculation in your head! You don’t get much in life for free, that can make you money – so look at this automatic forex trading system and you will be glad you did.
Enclosed you will find a free Forex robot which works which is easy to understand and is based on sound logic. Unlike most of the Forex Robots sold online, this one doesn’t just come with a back test simulation on paper, its made millions in the real world of trading… Why Most Forex Robots Fail Many traders who buy Forex robots, end up disappointed, as the back tested simulation never repeats itself in real time trading. Of course, its easy to make up a track record, knowing all the closing prices – but far more difficult trading forward! That’s where the free one we are going to look at here has an edge. Real time Success for Over 25 Years The system has been at the heart of many a successful Forex trading strategy and has been used for over 25 years, to make countless millions. Devised by trading legend Richard Douchian, the system is simple to understand and based on sound logic. Its called the 4 Week Rule so here is the system rule: The Rule of the System Buy a new 4 week high and hold it, until a new 4 week low is hit and then reverse the position. Then Keep an open position in the market at all times. Then Simply, keep reversing on each new 4 week high or low and that’s it. Simple but Very Effective It is very simple – in fact you don’t even need a computer to calculate the rule and its very time efficient too, it takes less than 30 minutes a day to apply and the rule tells you exactly what to do, no subjective judgement is required. Sound Timeless Logic The system is based on very sound logic which any trader can understand and that’s: - Most big moves start and continue from breaks to new chart highs and lows - Forex markets trend long term and this one doesn’t focus on the short term random noise of the market but locks into the big trends which make the big profits. The system therefore keeps you on the right side of every major trend. Making Money from the Big Trends If you think about the recent big moves in currencies, where we have seen strong trends, this system made a ton of money. Now you may well see ok, it’s a long term trend following breakout system – but what happens if the markets don’t trend? A Filter If the markets are locked in tight ranges, this system will generate “false” signals and losses. You can either ride them out, or add a filter. The filter simply exits on a shorter time span. You could for example if long, exit on a one or two week low and then wait till the next 4 Week high or low to be hit, to get back in the market. Why Most Traders Won’t use this System Of course most traders won’t use this system, they will say its to crude and simple and can’t make money but a test on any Forex chart shows that it does. It’s a fact that simple Forex trading systems always work best, as they are very robust. It’s also to long term for most traders, who want to try and trade the market noise and finally, it doesn’t come with some ridiculous name, mythical connotations and glossy packaging. Serious About Trading? For some reason traders would rather buy hyped copy and a simulated track record, than use a system that’s proven in the market. If however you are serious about making money, from Forex markets long term, check out the 4 Week Rule and you maybe surprised, at how such a simple system can make so much money.
When you look at most Forex robots the gains are so big and drawdown so small there laughable. It’s obvious why most systems lose and you only have to look at one key point to see why and we will discuss it in this article… Look at the track record and then hunt around for the warning and disclaimer and chances are you will find this: “CFTC RULE 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading.So its not real money, it’s a back test. I don’t need to tell you how flawed this is in terms of indicating future profits – real trading not knowing the closing price is a completely different and harder game to play. If you think about it your average simulated Forex Robot costs 100 dollars and claims to give you access to a regular income and trade the markets like a pro with no learning curve necessary – well life is not that simple or easy. No serious traders I know would consider using a robot with made up track record and if you do then let me know if you make gains in line with the simulations presented.If you want to make money at Forex you can but don’t use a Forex trading system with a simulated track record, go for the real deal of real dollars made in the market. Even if you do find a good system, learn how and why it works so you have confidence to follow it through periods of losses until you hit a home run. Winning With a Forex Trading System and a Free one For Big Long Term Gains!Long term an automated Forex trading system can make you healthy profits just avoid the simulations and go for real time performance or you will end up disappointed and an equity wipe out. If you want to check out a great Forex Robot that’s FREE and made big real time profits, check out the 4 Week Rule, its easy to use and understand and has made millions for savvy traders for decades.
Automated forex trading software is big business online and forex robots are the buzz product at present but most will wipe your equity out and do it quickly. Why? The answer lies in curve fitting… When traders buy automated forex trading systems, they are presented with a track record and they think this track recorded will repeat for them but of course the track record is not real at all – it’s a simulation going backwards with all the facts to hand. Now if anyone knew the price in advance they would be a millionaire many times over but we don’t. The vendors who make these robots curve fit the track record and this is why you will lose. Constructing the Track RecordThey get a segment of data and try and get there rules to work and keep bending and tweaking them, until they do. In Conclusion they make the system fit the data, now here comes the problem…The Problem with Back Testing Is no two segments of data ever repeat themselves EXACTLY Again and the system cannot be bent in the real world, so you get an equity wipeout. Any system that is bent to the data is likely to suffer this fate. So that track record of 100k a year you see ( all for just a hundred dollars) has no chance of replicating itself for you. Getting a Successful System You can get some that are not curve fitted and normally the vendor will trade it for a while before selling it and show real results. Some simulations can translate into real profits but there few and far between. Generally, if you are looking for a good one, look at the rules and the list below, will tell you if the system is curve fitted. Here are indications of a curve fitted system. – Lots of rules and parameters the more there are the more curve fitted its likely to be – Different rules for different currencies – Different rules for different market conditions – Any subjective judgment you have to make on spotting set ups A good forex trading system will be simple, robust and trade all markets and all market conditions with the same rules. Use Common Sense!Be realistic when choosing an automated trading system. Don’t fall for get rich quick forex robots that are heavily advertised, there normally curve fitted and will see you lose. Common sense says, you don’t get an income for life for hundred dollars. If you want a good system, look for one with a track record of real results or, if you want to try a simulation, keep in mind the checklist (we outlined earlier) when choosing one. A FREE Forex Robot That Works If you want a free one which is not curve fitted, we are huge fans of the 4 week rule which beats over 90% of the sold systems easily and its free. Check out our other articles for more information on it. So if you are choosing an automated forex trading system remember – beware of curve fitting!
It never ceases to amaze me, that traders fall for the spend a couple of hundred dollars and make an income for life story which the Forex robot vendors promote. Here is the reality of Forex robot trading and why you will lose. Before you consider buying any automated Forex robot, keep the following points in mind…The Fantasy – Double your money every monthThe reality is not even the best fund managers in the world do this and the robots don’t either. The Fantasy – Our Track record proves you can make moneyWhat track record? You either get a simulated back test on paper (not real money) just paper profits, done knowing the closing prices or some vendors claim the results they present are real but of course, there presented with no independent verification whatsoever. The Fantasy Trade with Less than 1% DrawdownThis statement have seen a few times. No trader. Trading with o leverage and seeking big gains can keep drawdown so small. Typically, a trader seeking 100% gains per annum, will drawdown at least 20 – 30% at some point. You can’t have big gains without drawdown and that’s a fact. The Fantasy – Get Started with $100 – $500.00You can start with this amount but you won’t win! Following automated trading systems requires staying power, so you can trade through drawdown periods and the above money is not enough for even a good system. Understand the Reality The Forex robot industry is so aggressive to sell product, because the reality is the systems don’t make money! Think about it, if you really could double your money each month, why bother selling such a powerful profit tool for a mere couple of hundred bucks or less? Well now you know the answer. If you want to win go the good old fashioned route. Forget about making money with no effort and get yourself a good solid Forex education, learn skills and win.
I have been a broker, worked in a fund management house and educate traders and I can tell you in my 25 years of trading experience, I have never seen any serious trader use the few hundred buck robots that are supposed to lead you to success – Why? Because they don’t make money… Of course if you look at there track records of must Forex robots they have better track records than the world’s top traders who are on multi million pound salaries and yet, many robots claim you can double your money every month and all for the price of a night out. The reality of course is they never deliver and the reason is obvious. They lose money!The track records are either back tests, (in simple terms this means made up knowing the closing prices) or presented by the vendor themselves with no independent verification, no audit by a third party is ever presented. Hardly inspires confidence does it? All Hype and No Substance The hype in the copy is that you can make money in your sleep, while your playing golf or having a beer, simply switch the computer on, leave it and make money – but if this were true, the whole world would be trading and no one would bother to work. In Forex trading lets make a point clear – you don’t make money easily! 95% of traders lose and in the case of the cheap Forex robots it’s 100%The robots are all supposed to have been devised by whiz kids, nerds or insiders and one site I know actually took a few of the well known “traders” and showed where they had come from, a site of actors!The systems present unrealistic gains which even Warren Buffet couldn’t match and traders believe them. Sensible people suddenly become blinded by greed. Now lets look at how to make money and what you have to do. How to Make Money In Forex Serious traders know that like in all areas of life, you have to learn skills and learn to apply them with discipline. They don’t buy into the myth that Forex is a walk in the park – because its not. Of course if you are prepared to get the right Forex education, learn skills and apply them, you can make huge rewards for your efforts.If you take Forex trading seriously and put in effort you can win, think Forex trading is a walk in the park and you don’t have to make any effort and you will lose, its as simple as that.
Forex robot trading is very popular but most traders make the key mistake enclosed when buying one and lose their money. Let’s take a look at this key mistake… If I walked up to you in a bar and said: Give me 200 dollars and I Will double your money each month and give you an income for life and you don’t have to do any work, you would think I was lying, mad or both! Traders who buy the heavily advertised Forex robots, as they make claims such as the above and the trader pays his small fee, trades and loses more money. It’s pretty obvious the claims the robot vendors make, sound too good to be true and they are. They all lose money long term, none have a track record of real gains, verified over the long term and most are not even designed by traders. I have seen them all and the so called complex mathematical algorithms, they proudly say will bring your forex trading success, are in reality nothing of the sort and have no chance of winning furthermore, the systems have no concept of equity preservation or money management and that brings disaster. Many of these robots, grandly call themselves Forex Expert Advisors but the only thing there expert in is destroying equity and doing it quickly. There are automated Forex trading systems out there, with real track records and they can give you currency trading success long term but they do have drawdown in the short term and have to be judged over years not weeks or months. Today, online forex trading is open to anyone with a few hundred bucks and the Forex robot industry appeals to these naïve traders. Of course, it would be nice to make a fortune with no effort but that’s a fantasy, not reality the reality of Forex trading.
Can you make money with a Forex Robot? The answer is yes – but most traders lose with even a good robot! Here we will give you the 4 reasons traders lose and how to find the best automated Forex trading system for you…First of all most of the Forex Robots sold are junk and lose money because they base their track record on logic that is not correct. 1. Do Not Expect Simulated Back Tests to Repeat Most Forex robots present a simulated back test on historical back data as evidence that you are likely to make the same going forward! This is of course not true, as anyone can make money knowing the closing prices but in the real world of trading this key advantage is not available to you. All vendors do is – bend the rules of their system until it fits the data and gives a profit. Of course as no two pieces of historical data ever repeat, the system breaks in real time trading and the system losses. Bending rules to fit the data is a bit like shooting at a barn wall and then drawing a chalk circle, around every shot, to make it a bulls-eye, after the event! If you expect a simulation to give you profits in real life, you will end up disappointed and with a wipe out of equity. 2. Not Enough Cash to Start with Most Forex robots claim you can start trading with $100 or so well even with a good system this simply is not enough money to give you any staying power and the account gets wiped out. Now let’s say, you have a good Forex trading system with a real track record of profits, you still have to keep two key points in mind when trading it or you will lose. 3. Learn the Logic and get Confidence I often see the phrase you can trade and not know what you are doing – but you can’t! Even if you are following a proven system, you need to know the logic on which it is based, or you will not have the confidence to trade through a losing period and stay with your system. All systems have drawdown and you need to have, rock solid confidence to keep going until you hit a home run and this is based on knowing what you are doing. 4. Ignore the Short Term Focus Long TermMost Forex traders want to make a short term killing but you must focus long term and ignore the short term. Most automated Forex trading systems will face drawdown periods of a few weeks to a few months and drawdown from peak equity is normally at least 25%, you need to ignore this and focus on a 2 or 3 year holding period and be patient. A FREE Robot for Big GainsForex robots can and do, make money for patient disciplined traders who focus on the long term. The naïve, greedy traders, (who are the majority) look for a quick killing in the market and trust simulations and they lose. If you want a good Forex robot that’s free and works look up the 4 Week Rule. This excellent system was devised by trading legend Richard Donchian and only has one simple rule which is easy to understand and apply and it’s been making money for over 25 years – Use this as a starting point in your quest for automated Forex profits and you will see how profitable a Forex Robot can be.
Forex Robots | admin | 
January 14, 2010 1:54 am | 
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