Pages

Friday, August 15, 2008

AUTOMATED FOREX SYSTEMS. DO THEY REALLY WORK

Using an automated forex systems has some significant advantages over discretionary trading.

The many advantages include:

You do not need to be present physically to trade the system. The system trades 24 x5. You don’t miss trading opportunities because you are away from the platform.

You can diversify your trading by using multiple systems, this spreads out your risk and smooths out your equity line

An automated forex system removes the fear and greed you will experience when trading live manually and trades a system with consistency and most importantly without hesitation. 2 areas where most traders fail.


Automated Forex System - Shark EA - Review
The Shark EA Automated Forex System watches 12 indicators, pivots, fibs and support and resistance levels on multiple time-frames to make a trading decision. Every trade is secured by a fixed stop-loss (with the initial order). The Shark executes 2 trades on an average trading day with a win ratio of 85% from all trades. The recommended risk-setting per trade is 1%-3% of your equity. The System is tested back to 1999 and is since January '07, it is used on a "LIVE" account. Actual P/L on Live Account: +927% since January 2007. You can verify this with 3rd party login to the Live account.

Automated Forex System - Griffin EA Review:
The Griffin EA is an intra-day automated forex system executing 1-2 trades on an average trading day and has a win ratio of 89%. uses higher time-frames to determine the actual market direction and lower time-frames to determine turning points. Every trade is secured by a fixed stop-loss (with the initial order). The recommended risk per trade is between 2%-4% of total equity. The Actual P/L on Live Account is +129% since September 2007. As with the Shark EA, you can verify these results with 3rd party login here.

SniperForex.com
Sniper Forex is a manual indicator system that uses a precision algorhythm to provide precise entry and exit points. It has been designed for MetaTrader mt4, a market leading, widely available trading platform which you can download for free here

The system comprises three trigger lines, with an arrow telling you when to buy and when to sell. Simplicity itself - blue buy and red to sell.Over the past 5 years it has proven to be highly accurate, especially when allied to the best time frame, currency and time of day. While it is accurate for just about any of these three variables, for optimal efficiency it is best to follow my instructions closely. Not every trade is a winner, but historically losses have been much smaller than wins. On our chosen timeframe and currency wins outnumber losses 2:1, but are also almost three times larger!

Other Forex Systems Reviewed

Peter Bain Forex
4x1 Forex System
Mechanical Forex System
Surefire Forex Trading
Forex Scalping Strategy
News Trading Strategy
241 Forex System
Fibonacci Trading Systems

Nigeria Forex Trading Websites Review Coming Soon!

No comments: