Forex Trendy Trading System Review

Forex Trendy is a semi-automatic trading system designed to analyze the Forex market for spotting trading opportunities. The system uses 9-time frames (from 1-minute to 1-month chart) while the total number of currencies that are analyzed is 34.

• Trading System Name: Forex Trendy
• System Type: Trend Scanner & Signaling Machine
• Signals Delivery: E-mail & Sound Forex Alerts
• Platforms: MetaTrader / NinjaTrader / TradeStation
• Price: $37 (3-month subscription)

» Visit Forex Trendy Website

Forex Trendy Basic Information

Forex Trendy is a solution for those traders who are focusing on the best time to trade Forex. Without using indicators to identify the master trend, Forex Trendy is based on market action. The Forex Trendy can scan 34 currency pairs on multiple time frames that range between 1 minute and 1 month.

The 1000pip Climber is a simple Forex trading system that generates daily signals. The trading signals are delivered via several types of alerts (email, visual, audio, MT4 notifications) and incorporate an entry price plus the stop loss and take profit price levels.

• Trading System Name: 1000pip Climber
• System Type: Manual Forex Signaling Machine
• Signals Delivery: E-mail, Visual, Sound, and MT4 Alerts
• Platforms: MT4 (or other platform)
• Price: $97 (one-off payment)

» The 1000pip Climber website

1000pip Climber Basic Information

The 1000pip Climber continuously analyzes 6 major Forex pairs by focusing on strong trends and high-probability movements. Once a potential profitable trade is identified the system generates an alert that is delivered to users visually, audibly, or even by email.

A trading system is a set of rules and conditions that generate buy and sell signals without any human interference.

As technology advances, so does the trading industry. Since the new millennium, automated trading has witnessed significant growth. The implementation of automated trading strategies has become a common practice for both professional and retail traders. Nowadays, retail traders have access to hundreds of financial markets worldwide using a simple personal computer and an internet connection. Furthermore, building an automated trading system is easier and cheaper than ever.

The Two Approaches

Identifying the Market Trend & Identification Systems

The accurate recognition of a strong Forex market trend can lead to the accumulation of major trading profits. Forex currencies trend very well, in long directional moves. During these extended Forex trends, the likelihood of making profitable trades is significantly increased.

Distinguishing Market Trends

There are two main trend types: the (i) primary, and the (ii) secondary trends:

(i) Primary Trend

The Primary Trend is the major trend in the market. It can last for weeks, months, or even years, and includes several short-term secondary trends. According to the Dow Theory, the primary trend has a strong impact on the secondary/minor trends within the same market.

• The long-term goals of key central banks, and especially the FED, play a major role in the creation of these primary trends

(ii) Secondary Trend

A secondary trend is less significant than a primary trend and can last for hours, days, or weeks.

• These secondary trends are usually moving in the opposite direction of the primary trend. That includes short-term corrections, take-profit periods, or bear market rallies.

Ranging Markets

Secondary trends can also occur in flat markets. This means moving towards the boundaries of a specific range. When the price reaches the upper/lower boundary, the market retraces in the opposite direction, and a new secondary trend commences (ranging market).

Overlays, Indicators, and Oscillators

Technical Analysis is a set of tools and techniques used either to identify the market trend and/or to identify if the market is trading in overbought or oversold levels. Here are the basic categories and tools of technical analysis traders use worldwide.

• Overlays

• Price-based indicators

• Volume-based indicators

• Market and Breadth Indicators

Hundreds of different indicators are available today. Most traders nowadays use technical analysis inside MetaTrader4. Other trading platforms offer a wide variety of indicators, such as the NinjaTrader platform, which includes additionally astonishing charting capabilities. Even Ms. Excel can be used as the basic framework for implementing Technical analysis.

» Review Trading Systems at FxPros.net

Important Technical Analysis Indicators

Here is a list of almost all popular Technical Analysis Indicators and Overlays. These tools may be used by all kinds of traders: Forex Traders, Stock Traders, Commodity Traders, etc.

■ Overlays

Overlays are incorporated within price charts:

• Support (↓_ ) and Resistance (↑¯ ) Levels

• Trend Lines (/ or \)

• Channels (Two Parallel Trend Lines)

• Pivot Points (The average value of High, Low, and Close Prices, for a certain period)

• Bollinger Bands (A Range between 2 bands deriving from the Price of Standard Deviation)

• Price Channels (The channel formed from the highest highs and the lowest lows)

• Moving Averages (Very popular, Simple, or Exponential Moving Averages)

• Moving Average Envelopes (Two simple moving averages forming a price channel)

  Read more: Technical Analysis Overlays and Indicators

1-Click Forex Trading System

• Trading System Name: Trader On Chart

• System Type: MT4 Automation Software

• Delivery: 1-Click Manual Trading (Forex, CFDs, Metals, etc)

• Platforms: MetaTrader4

• Price: 59 Euro (one-time purchase)

Trader-On-Chart Review -Basic Information

Trader-On-Chart is a software application that plugs into the MetaTrader4 platform to provide traders with some unique features. The software aims to offer important facilities for all MT4 manual traders. Trader-On-Chart can be used in every broker account (ECN, STP, or Dealing Desk) and in every financial instrument offered via MetaTrader4 (All Forex currencies, CFDs, Futures, Metals, etc). The application is very effective as it concerns Money Management Automation. By using Trader-On-Chart you may easily execute trades according to your exact desired risk exposure, lot size, etc. Accuracy and fast calculation make Trader-On-Chart a good choice for day/intraday traders. The application offers a lifetime license and 1-year free updates.