CHECK OUT ONE OF OUR ACCOUNTS TRADED BY FX NEWS TRADER!
WHAT ARE THE MOST COMMON TRADING SYSTEMS?
Here are the main trading systems people use nowadays:
TREND TRADING (= SWING TRADING)
- Most popular among beginner traders
- based on 2-4 indicators (Moving Average, RSI, SAR, Stochastics, etc.)
- Time frames: 4H to 1W (1D being the most common)
SCALPING (= DAY TRADING) – SIMILAR METHOD AS TREND TRADING, JUST EXECUTED MUCH FASTER ON SMALLER TIME frameS
- Most popular among advanced traders
- Also based on 2-4 indicators like in Trend Trading
- Time frames: 1M to 15M (5M being the most common)
- Very profitable with a proper strategy
- Doesn’t use typical indicators except for FFCal (“Forex Factory Calendar” Indicator)
- Doesn’t use Time frames either
- For example big weekend gaps, reversals after important news or big candles, etc.
- Those are very rare “opportunities” (once a week or once a month) and still the outcome is not sure and the probability of winning is around 60-70% (which is good, but trades are very rare).
- No Indicators and no Time frames are used.
- It’s a very rare way of trading used only by very few traders.
- Generally a losing strategy due to doubling the stake each time it loses
- After losing usually 5-7 times in a row (which happens very often) the whole capital is wiped out.
- Very profitable, but disallowed by most brokers.
- However, big banks and brokerage houses use it themselves to make profits by comparing prices from different sources, they just don’t want the “small guys” win like them.
- And some other systems that in general are similar to one of the above or combinations thereof.
Among others the main reason most traders lose no matter which system they use is the following:
The price movements are in fact unpredictable both short and long term.
The chances of winning when you buy or sell are less than 50% (since you pay the spread or commission each time).
This is a mathematical fact and no matter what you were told by various Forex gurus, what you think or what kind of experience you have, you cannot change this ratio no matter how many years you trade, how many indicators you use, or how smart you are.
50% or less! That’s a mathematical probability of a trade to be closed with a profit.
It’s similar to flipping a coin, but here your chances are 50/50, no less, no more.
No matter how hard you try the statistical chances are always 50/50.
In Forex it was less than 50/50, remember?
I don’t say Forex trading is same as flipping a coin or your chances to win are less or equal 50%, quite opposite.
You have no influence to increase your chances when you flip a coin, but when you trade Forex you can increase your chances of winning to 70-80% or even more using a good system or EA, educating yourself, etc.
Statistical chances are 50% but your real chances can be and should be much higher!
But let’s say 75% is an ideal winning ratio to become a successful trader.
Go to the “METHOD” page to find out how our FX NEWS TRADER works exactly.
It’s simple, but very powerful and you can check results when you login to an account or see MYFXBOOK results.
|Opening an Order||5-10 pips Price Shift||The EA uses Primary Feed (IQFeed) and then compares it with your broker feed to see if there is a sufficient price shift. If the price shift is big enough, eg. 5-10 pips, it means it’s safe to enter a trade to cover the spread and make sufficient profits.|
|Closing an Order||
5-7 pips Stop-Loss
3-5 pips Trailing SL
It uses only a Trailing Stop-Loss of 3-5 pips to close winning orders.
It uses a tight Stop-Loss of about 5-7 pips to minimize the losses in case the price suddenly moves in the opposite direction.
|Average Order Time||15-25 min||Some orders are closed earlier due to Stop-Loss activation.|
|Average Number of Orders||5-10 day||
Sometimes there are no orders at all during one day due to low market volatility.
You can check out some VIDEOS to see a few sample trades.
|None||All our chart TF are 5M for illustration purposes only, but in fact the EA works on all Time frames the same way.|
|Pairs||Majors||It’s possible to trade all pairs, (eg. GBPSEK, USDIDR), but due to high spread and low volatility, we don’t use such “Exotics” or “Crosses”. We use only major pairs, eg. EURUSD, GBPUSD, USDJPY, EURJPY, etc.|
|3.5 pips||If the spread is too high, it’s risky to trade any system which keeps the trades open less than 1 hour.|
This indicator uses news times based on Forex Factory Calendar.
There are no other “typical” indicators like MA, RSI, etc.
No Channels, Fibonacci, Support/Resistance are used.
Q: If the FX News trades only during news so there are very few trades per month, right?
A: The FX News is designed to trade MAINLY during news times since it can make almost “sure” profits and earn many pips. But it’s possible to trade also during high volatility periods when there are no news, so in fact it opens quite many orders, on average 30-35 per week which is not so little. Besides we use high order size of 5.0 or more lots since the Stop Loss is very low, so there is little risk of losing much capital in one trade.
You can simply login to the account on our HOME page to see by yourself how many trades per week or months there are.
Please also check the METHOD page (last entry in the table: “Other Parameters”) and you will see that you can trade not only during news times, but also during other periods as well.
Our Robot is called “FX NEWS 999 – Forex News & Volatility EA” which means that it can trade during both news and high volatility times.
It can make around 100%-500% profits per month, sometimes more. You can check MYFXBOOK statement for Real and Demo results.
Q: Why is it better than other EAs?
A: It’s very profitable, up to 500% profits per month
It cannot lose much money on one (or more) trades
It executes few trades per day, but most of them are profitable
Negative trades are usually 5-7 pips, positive trades are usually 25-50 pips or more.
Trades are open only for a short period of time, up to 30 minutes
It works with many brokers on Live accounts and our results are verified on MYFXBOOK
During news times there are very high spikes in prices, so if the price is predicted correctly, the EA can win many pips, if the price is predicted wrong, it loses only a few pips triggered by a tight stop loss
Q: Why can’t I see any open or pending orders now?
A: Most (but not all) systems have trades open for many hours or days and most traders are used to see open orders or pending orders when they login to the accounts with those systems.
However, in case of FX News the trades are open on average for about 15-30 minutes only and the next trade can take place in a few hours or even a few days, that’s why you might be “unlucky” and not see any trades open.
If you wait long enough you will see eventually some of them.
You can also watch VIDEOS with some of the trades we recorded to give you an idea how our system works.
Q: Do you give any discounts?
A: No, we don’t give any discounts or negotiate the prices. However, we give 99.9-Day Money Back Guarantee so you can purchase the EA and if you are not happy, you can get the money back if you cannot succeed.