Put your Forex on Autopilot (Newby Friendly)

Hi all

I am not interested in in gambling with my money but investing it with minimum effort for a decent return. I came accross this method a few months back but when the Euro fell I got scared and got out, however if I had stuck with it my money would still be safe and I would have a good return.

[B]Will try and post a dailey update of my trades to show how this works[/B]

[U]Here are the steps to set up the sythem:[/U]

  1. choose a broker that does not charge SWAPS -Marketiva in my case

  2. Decide on a currency pair and Price range - EUR/USA 5400pips for me

  3. Frequency of trades - 15 pips for me

  4. using this method work out how much capital you need per 1cent
    360 trades (5400/15) @ $0.55 ($0.01x5500%) = $198

  5. capital to risk therefore value per trade - $1980 and $0.10 for me

[U]Method used:[/U]

A) open up a buy trade (I started at 1.38285)

B) set up an enter limit order to sell at the same price

C) put in 24 more orders, 12 buy orders & 12 sell orders, for example buy orders 1.3270, 1.3255 etc, sell orders 1.38300, 1.38315 etc)

D) once a day go into your trade platform, establish either a the matched trades closest to the current price or a new high stroke low nearest to the current price, sorry this is the hard bit but you will soon learn.

E) close all winning positions (bar the above) and set up fresh orders.

This method can be tricky at first and when currency is breaking new highes or lows but when it is trading mid range it only takes up about half an hour a day, just think what you could do with all that free time.

[B]Will post again monday night to show you this method in practice[/B]

Ok first update, went in three times today, just because I am only just setting up. Overnight pair had gone up so a sale trigger had gone of at 1.3300, set a buy trigger at same rate and this was executed soon after.

When I came in from work found market had gone down and buy triggers had been set off at 1.3270, 55, 40 & 25, set 4 more sell targets at these rates and 1.3225 was taken off. At end of the day I left 1.3225 as the balance (down 60 pips) and closed 1.3300 and 1.3285 shorts and took 125 pip profit.

If I had that every day would only give me 1.64% return (0.125x260)/1980) but if I was fully loaded I would get 225 pips (75+60+45+30+15) that’s 2.95%. Not great but it’s tax free and can sometimes be a lot more.

[B]SEE YOU TOMMORROW[/B]

looking forward to more information on this, :slight_smile:

id like to learn your stratergy, and perhaps help if i see flaws in the system

Sorry going to make this my last post for now as I going to do some tweeking, this morning rate moved down to 1.3150 so set up sell targets back up to 1.3210.

during the day rate went back up to 1.3210 then fell to my set rate of 1.3180 (down 45 pip) but made 496 pips in the day.

[B]HAPPY TRADING[/B]

hi everybody. talking about the automated systems… i heard they are going to produce smth really great as far as i know Green Forex Kit… have anybody heard anything about it?