Posted June 9th, 2010 by sharkdancer
Many traders want a forex robot that works and enclosed you will find one that is and it won’t cost you a dollar, yet it will out perform over 95% of the robots sold online. Here it is take a look.
Mechanical forex trading systems sold tend to destroy accounts. This is because the track record the forex trader buys is never real, it’s a paper exercise done in hindsight and normally carries this warning:
“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”.
The system has never made real money and paper money means nothing, as you can’t spend that in the supermarket.
These robots are curve fitted i.e. the rules are bent to fit the data and produce a profit.
Data never replicates itself in the exact sequence again and the system takes a bath.
Now were going to look at a simple forex trading system which cannot be curve fitted by its very nature (as it’s only one rule) and has been traded by savvy traders for over 20 years and continually produces great long term profits.
It works on any trending market and of course, currencies are one of the best markets for trends.
Here is the system:
Buy a new 4 week high and sell a new 4 week market low.
That’s it. Very simple and it’s very profitable as it’s based on 2 core foundations that will never change:
1. Big forex trends last a long time
2. Breakouts are where most new trends start from
Don’t assume because its simple it doesn’t make big gains it does.
You can easily test it and see.
Simple forex trading systems always work best, because they are very robust with fewer elements to break than complicated ones.
This is easily proven by looking at all the advances we have seen in forecasting in the last 20 years – we have quicker prices, more powerful computers (your desk top computer has more processing power than the computer that landed man on the moon!) and more complex theories – but has this changed the success ratio in trading?
Not at all.
95% still lose and 5% win and this will always be the case.
Does the system have a downside?
Yes it does when forex markets trend sideways it will get chopped and incur drawdown.
Here you can alter the exit and exit on a 1 or 2 week stop, then go flat and wait for the next 4 week trading signal to get you back in.
Not many traders will bother with this system though and it’s not because it doesn’t make money, it’s because they perceive complexity helps them.
After all, a neural network or system based on chaos theory sounds like it should make money and makes them feel they have technology on their side – but the above system will beat most of these more complex systems hands down.
I once made the mistake of buying a system off an ex NASA engineer and felt it would help the result it wiped my equity out in two weeks!
The 4 Week Rule on the other hand, I have used for 20 odd years and its done great – some periods of drawdown (but all systems have them) and a thumping profit.
To run this system you need tremendous discipline, as it’s not fussy about market timing and it’s brutally mechanical but if you have discipline then it will work a treat.
So before you buy a forex robot which hasn’t been proven try this one – it’s been used by some of the world’s top traders, is easy to understand apply and can lead you to currency trading success.
Check it out and keep in mind it won’t cost you anything to test and it you will surprised at how much money it can make if executed with discipline and with an eye on long term performance.
Posted June 9th, 2010 by sharkdancer
There are lots of mechanical forex robots you can choose from and most of the sold ones lose yet, you can get one which is free and will out perform them and its free and even better it’s simple to understand and use so you can soon be seeking currency trading success with it…
The forex robot we are going to look at here is a simple system that has been around for over 20 years and has been the basis of many a successful trading system – its extremely simple, yet continually makes money year, after year and is based on timeless logic
Background
The system was developed to trade commodities in the late seventies by trading legend Richard Donchian, who is considered the grandfather of modern trend following and was developed to trade commodity markets. It can in fact be used on any trending market and forex markets, with there excellent trends make it an ideal one to use this system on.
The Rule
This system only has one basic trading rule so here it is:
Close any short positions and go long whenever the price exceeds the highs of the previous 4 calendar weeks and reverse again and close any long positions and go short when the price falls below the lows of the previous 4 weeks. This system maintains a position in the market all the time and is a SAR (stop and reverse) system.
Well you can’t get much simpler than that – but don’t be deceived by its simplicity, it works and here’s why:
Why it Works
Currencies trend longer term and most of the big trends start from breakouts. The above is a long term trend following system and will put you on the side of every major trend.
Do not be deceived by the fact its simple – judge it on the basis of how much money it makes
It continually makes great gains and its simplicity is part of its power.
All the best forex trading systems are simple, as they have fewer elements to break in the real world of trading.
There is no link between complexity and currency trading success – simple systems work and you can easily find out by testing it.
What is the Downside?
All currency trading systems have them and this one is no exception. When markets don’t trend of course, you will take losses but you can smooth the equity curve by adding a filter – simply exit on a 1 or 2 week stop and remain flat until the next 4 week signal. You can also use a moving average if you wish.
Which ever route you take the system will make money it just depends on your drawdown tolerance.
Why it Works and most traders won’t Use it
Many traders despite the evidence it makes money, will dismiss it as too simple ( you don’t even need a computer program to calculate it) and many still feel “safer” using a more complicated system, even thought this one will beat almost all forex robots sold. Sure, there more complex and come with a flash presentation but check there track records – there just simulations in the past and have never made real money – this one has and will continue to make money.
Secondly, its brutal in its trading signals – you have to take them as they are no subjectivity!
It’s not fussy about perfect market timing and although you can never buy bottoms and tops, traders still try and fail. You need tremendous discipline to execute it.
Thirdly, it doesn’t trade often and that’s not a problem, if you want to do other things with your time and are trading to make money not excitement but many traders equate (wrongly) trading frequency with success.
Finally, It’s not flavor of the month and is 30 years old. Traders today, like to use chaos theory, artificial intelligence, neural networks and all sorts of theories (that don’t work as well) but they sound good! Put it this way, if technology helped you win at forex trading, the ratio of winners would be much higher today than 50 years ago and its not – it’s the same. So complexity doesn’t help you win – PERIOD.
Final words
This system has made traders millions, has been used by some of the top traders of all time and if you want currency trading success, this forex robot works and that’s the test of any trading system. Take a look at it and you maybe glad you did.
Posted June 9th, 2010 by sharkdancer
Bagging this year’s award for “Innovation of the Year,” this new medical device is sure to bring a smile to laparoendoscopic surgeons around the world. Because it sets their hands free!
Prosurgics’ FreeHand robotic camera holder has been garnering attention since its launch in Stockholm this year. Backed by the international technology company Sagentia as a prime development partner, the Society of Laparoendoscopic Surgeons in the USA awarded the robot the “2008 Innovation of the Year” title.
FreeHand, Prosurgics’, a second generation robotic camera holder, brings to the medical industry an inexpensive robotic aid for use in minimally invasive abdominal surgery.
It’s now known that surgeons around the world often struggle to find skilled assistants to hold the camera during laparoscopic or key-hole procedures. While, eventually they find dependable aides, it’s still an onerous task because it’s tiring, and leads to a camera shake, poor visualization, and make the surgery even longer.
How It Works?
Attach It
FreeHand cleverly addresses these problems. The device can be quickly attached to the side of the operating table and because it only takes moments attach, its position can be changed fast during the surgery.
Regulate its movements
The device is controlled using a gadget worn by the surgeon on the forehead. The surgeon using only natural head movements selects the direction in which she wants to “steer” the robot, or tilt, pan and zoom the and thereby the surgical instrument. Then with a foot pedal she can actuate the movement. An option to preselect the speed and other adjustments, enable precise control over the robots movements.
In a nutshell the benefits are threefold:
1. It enables quick and precise control of scope position
2. Unmatched stability
3. Ease of use and efficiency
Posted June 4th, 2010 by sharkdancer
The Forex robot enclosed is free and everything you need to know about it is enclosed. After reading this article, you will know how it why it works and how by applying it you can enjoy long term currency trading success…
There is a huge industry in Forex robots and so called Expert Advisors to choose from which you can buy but is the one enclosed better – the answer is and its better for one simple reason – it makes money.
The Robots you see heavily advertised are junk. They don’t work, and simply rely on made up track records and clever advertising but none of them have made long term gains.
Let’s look at our free system and it’s so simple, you don’t even need a computer, it has just one rule and this is the rule:
Buy a new 4 week high and hold the position until a new 4 week low is hit, then reverse your position to a short. Keep buying new 4 week highs and selling new 4 week lows and always keep a position in the market. You can’t get a simpler system than this but it works and it’s obvious why.
It’s a simple robust long term breakout system and it’s a fact that all major moves start from breakouts.
This system will get you in on all the big trends and get you will get a good chunk of them in terms of profits.
This system is not new, it was devised by well known trader Richard Donchian in the late seventies and traders have been using it ever since.
The system is simple to understand, very robust, it’s based on breakout trading which will always work and its simplicity is the very key to it’s success. Simple system always work best, as they have fewer elements to break than complicated ones.
Most traders won’t use this system though.
They will think it’s to simple to work (despite the fact that it does), it doesn’t have any glossy packaging and it doesn’t make unrealistic claims. Traders still believe the bought robots with there made up track records will beat it but they don’t and never will.
The system takes discipline to follow as its long term but on the plus side, you only need 30 minutes a day or less to operate it and it gives you an objective signal which you simply follow.
Some of the great traders such as Richard Dennis, have been fans of the system so if you use it, your in very good company.
The system is called the 4 Week Rule, it’s been used for decades by savvy traders and has made countless millions in profits. Check out this free forex robot and you will be glad you did and remember – it costs nothing and is totally free.