Friday, 25 February 2011

trading strategy update

Along with free charting, news and economic calendars, Interbank FX live customers also enjoy a free subscription to Autochartist (under the name IBFX-GPS)http://www.autochartist.com/broker-solutions/broker-partners/interbank-fx/

also alpari

just download it to your desktop and then you can use it to enter trade it will tell you direction of the market, but i will advice don't enter a market unless the ratio of gain to loss is 3:1

use the free software from eracash.com title MyFx Profesional Demo or live version use 5min or 1 min to enter a trade when it in the direction of the trend as confirm on 15mins, 30mins and 1hr chart and direction given by the auto chartist software

Also use the fibaonachi Pivot on mt4 to determine likely point of reversal.
when a trade open below the line its likely a down move and vice versal


Enter trade


a trade base on the dot leading if the trend is just starting but if the trend has gone far follow the arrow if it says the same thing with the dots
as in the picture below