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Free Forex Trading Signal - A Free Signal You Can Make Forex Profits With Right Now!
When I look around online, I see lots of Forex Robots and Expert advisors all claiming they can make me rich with their trading signals and all I have to do is pay a couple of hundred dollars or less, make an income for life but none of them work and they never reproduce the gains they claim. On the other hand, the free Forex trading signal enclosed, makes money and has done for over a quarter of a century, lets take a look at it.
The trading signal, only has one rule in terms of its generation and you don't even need a computer to generate it, you can do it in your head - here it is:
Wait for a currency to make a new 4 week high and buy it - hold onto the position until a new 4 week low is made then, take out the long and go short. That's the signal.
You then simply keep reversing your position, as each new 4 week high or low is hit and always maintain an open position in the market at all times.
While the above is incredibly simple - it works and if you don't believe me, test it and you will see for yourself how much money it makes.
The trading signal is known as the " 4 week rule" and devised back in the seventies by well known trader Richard Donchian and will work in any trending market including currencies.
The logic its based on is sound and that's why it will continue to work, markets trend long term and long term trends start and continue, from breakouts to new highs and lows. You can take a look at any currency chart and you will see this happen in any currency pair.
The system works but you need to look at the long term, as with all trend following systems, it will lose when markets don't trend. If you want you can add a filter if you wish and exit on a shorter time frame and go flat until the next 4 week high or low is hit. This can help smooth the equity curve and a 10 day MA can work well, just test some, until you get the risk to reward you want.
Its a fact that the best Forex trading systems are simple and robust, the one above is just that and that's why it works. Complex equations, break in the brutal world of trading and simple will always be best.
If you want a free Forex trading signal that works, as part of your Forex trading strategy, look no further than the 4 Week Rule. This rule has been used by some of the top traders in the world and if its good enough for them, its good enough for you.
Click here Free Forex Signals to know more about Free Profitable Forex Strategy and Follow Live Forex Trading Signals.
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