Best Forex Indicator: Results

Showing posts with label Results. Show all posts

Forex Trading - Useful Indicators to Improve Your Results

Tuesday, February 15, 2011

One of my favorite indicators to trade the forex markets is the Signal Bars. It tells you at a glance the trends in multiple timeframes according to various technical indicators. Let me say right from the get go that I did not invent this, but I have put it to good use. The features and benefits, and how to best use them, are what I want to share in this article.

The Signal Bars indicator resides in a corner of your MT4 screen. I prefer the upper right because I have the chart shift moved to about one-third the way from the right towards the left, so the upper right corner remains uncluttered. The Signal Bars indicator consists of three horizontal rows of colored bars, green for up, red for down, orange for no clear direction - and these colors can be customized. The rows are divided into timeframes: M1, M5, M15, M30, H1, H4 and D1 - and these can likewise be customized. Each of the three rows represents a different technical indicator. The top row is the MACD with settings of 8/17/9. Middle row is an Exponential Moving Average (EMA) with a cross of the MA5 and MA9. Finally the bottom row is labeled STR and consists of Relative Strength Index (RSI) with a setting of 9, the Commodity Channel Index (CCI) with a setting of 13 and Stochastics set at 5/3/3 and all three of these indicators need to be in agreement before a signal is generated.

What I particularly find valuable is that without having to look at the lower timeframes, you can tell when the M1 and M5 are beginning to move in another direction. If you're trending down and that is about to reverse, you'll see a dull green first, then as the trend becomes stronger it turns to a bright green. Yes, there are shades of red and green to show the strength of the move. Very useful.

The Signal Bars can be configured to show different kinds of data. These three rows of bars are the essence of the indicator. You can also display a large-font current price of the pair -again in green or red depending whether the move is up or down- which is very handy. It can also display the current spread on the pair and how many pips it's moved up or down since the open.

Further, it can show the overall daily range and the average daily range. To see how these different configurations look, visit my blog where I show a few examples. Of all the indicators available, this Signals Bar is one of the most useful and handy available. A search of popular forex forums will likely turn up the most current version of this valuable tool.

The Best Forex EA (Live Test Results)

Tuesday, February 1, 2011

Forex Robots are great ways to invest money. Money will do you no good sitting in a box at home or in a bank account that isn't collecting any interest. You can take money and invest it to turn a profit with Forex. One of the best parts is that if you use a Forex robot you can allow it to do all the work for you once you set the parameters and watch your money turn into something more.

You might be wondering about the risks that are associated with these programs. Also, which one should you try when so many of them are available on the market? One of the best ways to evaluate the risks and costs associated with each program are to look at results of what the program has done in the past. You can even look at live results from someone who has taken it upon themselves to invest the same amount of money into a variety of programs and then watched to see what they can do with it. Using these results, you can conclude which programs will give you the best chance to turn a profit on your money.

After a short time period, since the evaluation hasn't been going on for too long, the results show that Ivybot turned the most profit in the shortest time period making it the number one choice for people who are interested in getting involved with Forex robots. It was only run for two weeks but in that time period it conducted 75 individual trades. It won on all of them, the only program with a winning percentage of 100. The profit for each trade was $28.26 for the average and money gained in those short 2 weeks from the original investment of $1,000 was $2,119.83 which was a 211.98% gain in profit. The results for this program are simply astounding and hard to digest if it seems like it is too good to be true.

Another program that performed well, although not as well as Ivybot, was Forex Hacked. It was run for one day less at 13 days with a total trade amount of 193. It won over half the time, with 64.77% of the trades being winners. On average each win was only worth $12.77 while each loss the program had was $14.73. In less than 2 weeks the money earned for this program was $590.37 which was a gain of 59.04%. The results are profitable but not nearly as profitable as the other.

Another program which had gains and not losses was Caliber FX Pro. It was run for only 9 days and 16 trades. It won exactly 50% of the time and each trade averaged a profit of $20.88 when it occurred and a loss of $13.67. The monetary gain was $57.25 which is a huge different from the previous numbers but a gain regardless, causing an overall increase in money off of the original investment of $1,000 of 5.73%. This may work for people who are willing to take a slower pace.

Forex Robots Real Time Results - The Best in Terms of Verified Results

Sunday, January 30, 2011

If you are buying a Forex robot, you need to make sure its made real dollars in the market and you also need to ensure, that these figures are verified by a neutral source. Never take the word of the vendor - there selling the system! Here we will look at the Turtle Forex robot's real time results which show its made millions in real time trading, lets look at the robot in more detail.

Most Forex robots are designed by programmers not traders. Check out most and you can never find any background to where they worked and what they achieved in reputable sources. The Turtle Forex robot is different, its based on rules devised by a true trading legend Richard Dennis and the results these rules produced, piled up hundreds of millions of dollars in the most famous trading experiment of all time.

Most robots simulate results going backwards over past data or they produce live results from themselves which are not actually real time and they come from them so should be treated with caution. Richard Dennis devised the turtle rules and they were used one of the most famous trading experiments of all time. He gave the rules to a group of novice traders, explained how and why they worked and set them up with funded trading accounts. They traded and the rest is history, as they made several hundred million dollars in real time trading.

Dennis had set out to prove, anyone could make money with the right rules and confidence in them and he was of course proved right. The experiment was featured heavily in the international press, the figures were audited and the story featured in Market Wizards, one of the best selling trading books of all time.

These rules are now available in the net Turtle Forex trading robot and allow users to target triple digit gains taking just 2% risk per trade. You can read the logic of how and why the system works before buying it and see the exact rules its based on to give you confidence in its ability to make you money.

There are a huge number of robots on sale but most rely on hype to sell them and they have no verified results but the Turtle robot does and its based on rules of a real trader. Take a look at it for yourself and see, how it can help you enjoy long term Forex trading success.

Best Forex Indicator

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