If you are following our sister blog at www.goforextrade.com, you know that I am gung ho about automated trading systems, and that we are sponsored by Forex Funnel and Forex Tracer. Well, within the next 48 hours, we are going to get a new sponsor.
This new sponsor is the Forex Detector! The Forex Detector is an automated trading system, which is the product of the same team that created the Forex Funnel and Forex Tracer. The difference that you see in the Forex Detector is one that is not only in comparison to the other two, but the countless systems that have popped up in recent memory.
Seems like just about every Tom, Dick, and Harry have built their own EA to try to capitalize on the automated trading craze that is catching forex currently. The problem with this is, is that someone is so willing to push a simple system, just to make a buck or two and line their pockets. Unfortunately the customer service is a freaking joke and they didn’t really care to begin with.
Another setback, is the programming strategy of alot of these Expert Advisors. None of these expert advisors programming came from anything comparable to the mq4 championship caliber systems, nor close to the Forex Detector’s standards. Alot of them use what they call a lagging indicator cross.
A lagging indicator is better known as a Moving Average. A Moving average comes in a few different forms, rather, the simple moving average, which is just an average estimate of previous price actions set in certain periods, or the Exponential moving average, which is a bit more complex, and adds another equation. Then you have what they call a Moving Average Convergent Divergent, which is a set of two EA’s and a histogram graph to chart differences of the two.
The technical signal generation comes, when a pair of Moving Averages or the MACD configured in the usual 12/26/9 method cross at a certain point. Now, this might be great if you are manually trading, but not the best method for an automated system. An automated system with a moving average trigger system is prone to breakout issues, not doing much on sideways activity and doesn’t pull the pips as well as the Forex Detector could quite possibly.
The Forex Detector uses a more advanced approach, using an algorithm that spawns many trades within a range zone, and capitalizes on every single movement of price action. This is a breath of fresh air, and I couldn’t agree any more with the programming team here, that they are seriously onto something.
GoForexTrade.com, Our site ILiveInSuccess.com, and the Forex Detector would like you to test out the software, with a 60 day guarantee, and on special for only $137.
Download The Forex Detector Today
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