Forex Tracer – Can Automated Trading Systems Increase Your Wealth?
Thomas Howell asked:
Have you ever used a robot, or some level of automation in your life? Rather a mechanical process or have an automated process to cut your workload in half and increase your productivity. How about math based systems to figure out probability of a certain outcome?
If you are a forex trader, there is also automation processes with Metatrader 4. These are called Expert Advisors. Expert Advisors are stand-in modules that interact with Metatrader 4′s Automated Trading System to execute trades that have a high mathematical probability to take profit.
The Forex Tracer is one of these systems, which perform a wave analysis of the currency pair that it is configured to. Let’s take for instance, EURUSD, the currency pair for Euro and US Dollar. A mechanical trading system that can of course figure out the highs and lows of candles and analyze possibility if a trade could be opened, either as a short or long position.
It will even go to as far as creating points for stop loss and take profit. Now imagine having a system trading when you are sleeping at night, or at work, or with your family looking at everybody else working their 9-5 jobs being miserable.
And for the Forex Tracer. You are probably wondering how the performance is and how will it succeed for you.
Well, let me tell you about my experience with the Forex Tracer Expert Advisor. I got the software about a week ago and started putting it to use on Sunday when the Sydney market opened up. I let the software do it’s bidding until Friday afternoon when the market stops for the weekend. One major rule was that I couldn’t have any end user intervention, even if the automated trade system entered a really bad trade.
After five days of running this live, I had made just over 170 pips. But also remember this is not a typical experience, but a unique experience of my own.
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Have you ever used a robot, or some level of automation in your life? Rather a mechanical process or have an automated process to cut your workload in half and increase your productivity. How about math based systems to figure out probability of a certain outcome?
If you are a forex trader, there is also automation processes with Metatrader 4. These are called Expert Advisors. Expert Advisors are stand-in modules that interact with Metatrader 4′s Automated Trading System to execute trades that have a high mathematical probability to take profit.
The Forex Tracer is one of these systems, which perform a wave analysis of the currency pair that it is configured to. Let’s take for instance, EURUSD, the currency pair for Euro and US Dollar. A mechanical trading system that can of course figure out the highs and lows of candles and analyze possibility if a trade could be opened, either as a short or long position.
It will even go to as far as creating points for stop loss and take profit. Now imagine having a system trading when you are sleeping at night, or at work, or with your family looking at everybody else working their 9-5 jobs being miserable.
And for the Forex Tracer. You are probably wondering how the performance is and how will it succeed for you.
Well, let me tell you about my experience with the Forex Tracer Expert Advisor. I got the software about a week ago and started putting it to use on Sunday when the Sydney market opened up. I let the software do it’s bidding until Friday afternoon when the market stops for the weekend. One major rule was that I couldn’t have any end user intervention, even if the automated trade system entered a really bad trade.
After five days of running this live, I had made just over 170 pips. But also remember this is not a typical experience, but a unique experience of my own.
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