Here is an automatic currency trading system, that's been used by some of the world's best traders and its totally free for you to use. Take a look at how it can lead you to currency trading success. Everything you need to know about it is enclosed...
The History
This currency system dates back to the late seventies, when trading legend, Richard Donchian noticed a reliable 4 week cycle in commodity markets and while designed to trade commodities, it works on any trending markets and as we all know - currencies offer great trends.
The System
You won't find a simpler system than this. Its based on one rule only and you don't even need a computer to do the calculation, you can do it on paper - here it is:
Buy a new 4 week high in a currency and reverse the position to a short, on a 4 week low. Keep an open position in the market at all times and keep reversing from a high to a low and vice versa, on the next 4 week high or low - that's the rule.
Its simple - but it works and will continue to work for the following reasons:
Why it Works
It works because it's based on sound market logic that never changes which is:
Currencies will trend for long periods and they will invariably start new trends and continue them, from breakouts to new market highs or lows.
All the best currency trading systems are simple.
There is no correlation between complexity and success. Despite the fact that it makes money (test the rule and you will see how much), most traders simply won't or can't follow it.
Why Most Traders can't follow it
Most traders like to believe all the over the top copy from the junk robot vendors, that have never made any money - but claim to do so. They base their claim upon back tests and simulations knowing the closing prices, which obviously means nothing, in terms of what a user will make.
They like the trendy names and the idea of profits with no drawdown (dream on!) and dismiss this one as to crude and to simple - despite the fact it makes cash and that's what a system should be judged on.
Others simply can't stick with it because, it's so long term and is not to bothered about prediction (traders love to try and hit pinpoint market tops and bottoms even though it's impossible) and simply cannot execute the signal which is totally objective.
Big Long Term Profit Potential in 15 Minutes a Day
If you are not worried about a fancy name, a glossy pack and promises which are based on hype, this automated currency trading system can give you the potential to, seek long term profits in around 15 minutes a day.
Take a closer look at the system, its simple to understand, makes money, has been used by savvy traders for a quarter of a century, will never go out of date and best of all - its free! Take a look at what it can do for your currency trading strategy and you will be pleased you did.
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