Forex TFD Trading System FTFDTS
Surely getting aboard a trend and hanging on tight is one of the best ways to make money in trading. If you have learned nothing else in your education, you should at least know that how your style of technical analysis explained trend formation is one of the basic building blocks of any trading system.All well and good, you say, but how exactly does one time the entry to a trend? And how do you manage a trade in a trending market?Of course trends are not all the same, some are slow and some are fast and others are old and some are young.First we will consider the fresh new trend. The market has been in congestion for some time, perhaps for many days if you are a swing trader, or for many hours if you are a day trader. The parameters of the congestion are clear to you. Then suddenly there is a change in conditions, frequently (but not always) news driven. The market starts to move rapidly on one direction.This is a situation for rapid action. Enter in the direction of the trend as soon as you can and hang on. The exact point of entry is less critical than the fact of getting aboard. This is a move that will last for many hours or days and the sooner you are aboard the better! You can buy into this trend as it breaks the congestion parameters or as the next bar retraces to the top of the trading bands. If it is a real trend based on fresh new energy, you won't see any retracements deeper than that for quite a while!Contrast this to a mature trend that has been going on for a while. Can you still get aboard? Yes of course, but if the energy is 'mature' and starting to lose a bit of its oomph, then you will need to be more cautious in your entry techniques. Ted put down $250 and I staked him another $250 for a combined $500, and he decided that if he lost this money then that would be a sign that stock market trading just wasn't for him, let alone Day Trading Robot was a failure. I opened up an online trading account for him and showed him how to easily transfer the money to his account and the basics of how to enact a trade, all simple to pick up stuff.I already have Day Trading Robot, so we simply used my 'account'. I won't get too technical in terms of the investment specifics, but long story short in the first week, the system recommended a total of 9 trades. 7 turned out to be winners, 2 did not. I want to clarify something for those who don't know anything about this system or these kind of systems in general. After many months of research and testing various FX trading robots, I have found that the key to success is really about finding the right robot that works on solid principles and algorithms.Which Currency Pairs Does the Auto Pip Bot Make Money While it Trades?This trading robot trades the EUR/USD currency pair which is the most liquid and easily tradable currency pair on the market. The internally programmed trading system was discovered by a team of students at Cambridge and generally tends to trade about 4 or 5 times every day.