Title: Forex Technical Analysis
1Trading Forex Technical Analysis with Automated
Expert Advisor
2- Observation through Forex technical analysis
provides the trader a degree of expectancy but no
guarantee that any particular analysis will be
absolutely correct. Nevertheless, the greater the
degree of expectancy, the better the trader is
able to predict the market with better accuracy
and the higher the chances of Forex trading
success. However
3Trading Forex Technical Analysis is Too Time
Consuming
- In order to trade these technical chart
patterns from your own Forex technical analysis,
you need to wait at the trading screen all day
for the signal alert. Analyzing and preparing
charts for trading do not take much time but
waiting for the signal alert will take some time,
and to most people seems forever.
4So what is this problem?
- The problem lies in waiting for the RIGHT
signal to appear. Most people become impatient
and hence in a state of disillusion to trade at
any slightest indication of a pre-signal.
5 In my case, I needed some kind of tool that
could provide an objective verification (
emotion-free ) of the Forex signals and to
perform trade entry automation real quick when a
genuine signal is indeed generated. It get more
complicating when there are low and high winning
probability signals.
6Forex Technical Analysis Increasing Winning
Percentage with Trade Filters
- Trade signals developed on different times of
the day ( Asia, UK or US session ) deliver
varying degree of signal quality to the trader.
Our research shows that the probability of a
false breakout for Eur/USD during Asia session is
higher than in UK session. - Dont just take the above statement as a fact
its just our opinion towards the market. As a
result, we may introduce certain trade filter
like RSI or ADX and take special instructions
from there in order to consider whether to trade
breakout during the Asian market session.
7 We could also identify trading zones (RSI values
between30-70) in our RSI to determine if we will
like to accept the trade signals as a genuine
breakout signal. We can also incorporate mini
trading rules in our RSI to allow a buy signal to
become valid only if RSI value is above 50.
8 Or allow a sell signal to become valid if RSI
value is below 50. These rules will certainly
sieve out the genuine signals from many trade
signals generated by your own trading system.
What if we could put each of these trading
processes into a workable plan and put it on full
automation?
9 The result will be software executing your Forex
trading plan, executing and managing trades on
your behalf, and finally you can trade all the
technical chart analysis on automation even while
you are away on work.
10Emotion Free Trading with Forex Technical Analysis
- Your emotions will not be involved throughout
the trading process and the software provide
objective verification and the filter you
introduced will be put to work to ensure that
only the high winning probability signals are
taken into your Forex trades.
11 If done right, trading Forex technical analysis
can capture more pips and improve trading
portfolio returns than any Forex gurus can ever
promise you. Forex technical analysis will now be
made easier with software.
12 What if you just couldnt trade Forex
effectively with a day time job? I know how hard
it can be to trade Forex manually, but if you
want to really be successfully trading your own
unique manual system, you need to learn a single
method that works amazingly well.
13 Dont give up hope, its NOT impossible. Forex
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