The Auto Trader Companion #7
What Is Up This Time?
– Our Corporate Site: Flagforex
– Upcoming Trading Tool Solution: ForexChartistry (FC)
– Using/Testing Of ForexGeometry (FGS) During Weekends
Our Corporate Site: Flagforex
As you may know, our bi-weekly newsletters are now published on our corporate site: www.Flagforex.com under the “The Auto Trader Companion” section as a blog format.
This means that you are able to post your feedback/comments directly at the comments section located at the end of the webpage.
Past issues of the “My Auto Trader Companion” (bi-weekly newsletter) will also be available for viewing and commenting at your convenience so you will never miss an issue.
The comments/feedbacks you make can be view by your fellow users of ForexTrailer/Geometry or other subscribers, therefore exchanges of constructive thoughts and ideas are welcome.
In addition, you are more than welcome to look through our corporate site for an understanding of where we come from, our values and beliefs, our portfolio and how we get to the development of our products.
This way, you can be assured how seriously we take this business to be for this is where our passion lies.
Upcoming Trading Tool Solution: ForexChartistry (FC)
As we are entering the 2nd quarter of the year, we have already executed some of our plans to develop and release more intuitive and innovative trading solutions for our clients which we have derived from some of their great suggestions. One of them is called ForexChartistry.
ForexChartistry is an upcoming trading tool solution scheduled to be released during the May period and it has been on the works for quite a number of months. We are excited over the impending release as we are into the final stages of development.
Here is a brief preview of what ForexChartistry is about.
As you might have known that other than time-dependent price charts which are candlestick, bar or line charts, there are other advanced chart types such as Renko, Kagi, Line Break and Point & Figure charts.
These advanced charts are different from the conventional charts which they are only dependent on price action instead of time. Therefore the time factor of these charts does not exist. They will only plot the chart based on price action which means that if there is significant market movement, your price action chart will plot new bars based on your advanced price action chart settings.
Thus, “market noise” that do not provide you with clear cut trading signals or significant support/resistance levels will be significantly reduced.
As these advanced chart types provide you with more clear-cut movements in the Forex market, filtering insignificant price movements, this gives you a macro view of the market.
Meaning you are able to identify the market trend, support and resistance levels much easier and quicker.
In turn your technical analysis will be made more effective through the use of price action charts instead of just solely relying on lagging indicators or time-dependent price charts.
This is for those traders who believe in the “Less-For-More” approach in Forex trading where they do not want to clutter their charts with numerous lagging indicators that are just derivatives of price charts and just want to trade off price action.
The only problem is that since MT4 does not provide such advanced charts, there is a need to serve traders who are in need of such charts to perform their technical analysis and trading strategy and to introduce new traders that such charts exists which theyu can take advantage of.
This is where ForexChartistry comes in.
ForexChartistry is not just a trading tool that provides just advanced price action charts. It includes several other features that will enhance the usage of these price action charts for any trader to take advantage of such as:
1. Trend Change Alert
To Survive in Forex, you need a trading tool that can not only read current trend, but also identify potential reversal levels in shift of market sentiment before they are formed.
With trend change alert technology, trader may enter or exit trades by placing pending orders even before the reversal is fully formed.
2. Trend Line Tool (Chart Pattern Trader)
Forex Chartistry will make technical analysis easier by allowing you to trade chart patterns on automation when high probability patterns are spotted. The trend lines will work as entry or exit pending orders to trade the chart patterns in full automation.
Technical patterns like Head & Shoulder, Double and Triple Top/Bottom, Wedges, Flags, etc. are great patterns which present excellent trading opportunities. Trend line tool will allow you to trade these chart patterns in full automation ensuring that you will never miss an important entry trigger just because you weren’t at the trading screen at the that crucial moment based off price action charts.
3. Trade Automator
It will automate entries and exits based on special signals generated from ForexChartistry Charts.
4. Education
This is by far the most important component where we will share with you the uses of ForexChartistry and how it can complement with your own trading style.
This is only a brief summary of what ForexChartistry is.
More information of ForexChartistry will be released in the upcoming weeks as we are nearing to the launch period. Do stay tuned.
Using/Testing Of ForexGeometry (FGS) During Weekends
I wish to address an issue which many new users could be frustrated with.
For users of FGS, especially those who have newly purchased FGS and wanted to try out FGS features over the weekend due to perhaps hectic work schedule will perhaps be upset over the inability to use/test FGS features.
Although ForexGeometry can be authenticated and gives you the green light to use it (shown by the Smiley Face at the top right corner), I still want to clarify to let you know on this matter that has been brought up by many users.
FGS is a trade entry and exit trendline tool where execution of instant/pending trade orders will have to be opened with the broker. The problem is that since the Forex market is closed for the weekend, it is not possible to open an order or exit an order through your broker.
Another point is that the “BUY?” and “SELL?” commands in the trendline description will not trigger the full FGS GeoLingo instruction for trading since the market is closed. This is also to act as another layer of safety mechanism so that in case you forgot to remove your trendlines with the active commands over the weekend testing which might trigger unnecessary trades upon market open.
Therefore, you need to test FGS over the weekdays where the market is active to get a feel of how FGS works in live markets so that you will feel comfortable using FGS should you transit over to live account trading with it.
Do drop us your comments below for this issue of the Auto Trade Companion to share your views and thoughts.
Your feedback is most appreciative.
We hope that you have a great week ahead and good luck trading!
For more information on ForexTrailer & ForexGeometry:
http://www.ForexTrailer.com/Special-Offer.html
http://www.ForexGeometry.com/Special-Offer.html
Regards,
Warren Seah and the ForexTrailer/Geometry Team
Copyright ©2012 ForexTrailer.com & ForexGeometry.com
NOTE: ANY INFORMATION CONTAINED IN THIS DOCUMENT IS FOR EDUCATIONAL PURPOSES ONLY AND IS NOT FINANCIAL ADVICE.
U.S. GOVERNMENT REQUIRED DISCLAIMER – COMMODITY FUTURES TRADING COMMISSION FUTURES, CURRENCY AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON’T TRADE WITH MONEY YOU CAN’T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEB SITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.