If you want a free Forex trading signal which is simple, works and will continue to work, you will find one enclosed in this article with the exact equation it's based upon; so you can take it and use it, for big Forex profits right now.
The trading signal is called the 4 Week Rule and why it's called this, will become obvious in a moment; the signal was devised by one of the true trading legends of our time - Richard Donchian, who devised it nearly 30 years ago and traders are still making money with it today.
Let's look at the trading signal first and then why it will always work - here it is:
Buy a breakout to a new 4 Week high and hold the position, when a new 4 week low is hit, liquidate the long position and then go short - that's it! All you have to remember to do after that, is simply to keep reversing the position as new 4 week highs and lows are exceeded.
It's very simple (all the best Forex trading systems are) but it makes a lot of money and if you test it you will see how it gets a good chuck of all the major trends.
Will most traders use it?
Of course not, they prefer to buy Forex robots that have only worked in back testing and made no money in real time. These traders think they can make huge gains with no drawdown - but all systems have drawdown, its part of Forex trading and they buy these systems and lose.
The 4 Week Rule on the other hand, has worked in real time trading and made big gains for nearly 30 years and yes, it does have drawdown but focus on the long term and you will make a lot of money with it.
While Richard Donchian is sadly no longer with us, he has left a great Forex trading signal for us all to use and make money with and enjoy Forex trading success.
The trading signal is called the 4 Week Rule and why it's called this, will become obvious in a moment; the signal was devised by one of the true trading legends of our time - Richard Donchian, who devised it nearly 30 years ago and traders are still making money with it today.
Let's look at the trading signal first and then why it will always work - here it is:
Buy a breakout to a new 4 Week high and hold the position, when a new 4 week low is hit, liquidate the long position and then go short - that's it! All you have to remember to do after that, is simply to keep reversing the position as new 4 week highs and lows are exceeded.
It's very simple (all the best Forex trading systems are) but it makes a lot of money and if you test it you will see how it gets a good chuck of all the major trends.
Will most traders use it?
Of course not, they prefer to buy Forex robots that have only worked in back testing and made no money in real time. These traders think they can make huge gains with no drawdown - but all systems have drawdown, its part of Forex trading and they buy these systems and lose.
The 4 Week Rule on the other hand, has worked in real time trading and made big gains for nearly 30 years and yes, it does have drawdown but focus on the long term and you will make a lot of money with it.
While Richard Donchian is sadly no longer with us, he has left a great Forex trading signal for us all to use and make money with and enjoy Forex trading success.
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