Now for us it is very easy to spot a SCAM in Forex – and all this is only by looking at the stuff they give away or have on their website. This is what we will do today for this system. We will start with his free system – check it out.
Although this system can get you involved in trades that can experience significant moves, the system is primarily designed as a scalping system and therefore, your reward to risk should be set at 1:1.
If you do choose to trail the trade and go for bigger moves, make sure you tighten your stops once you hit your 1:1 target and watch out for new pullbacks. Remember, you can always bank the pips and get into a new trade using the exact same strategy, time and time again.
Some details about indicator:
When the ADXT Histogram shows a gray bar, it represents no trend and therefore trades should be avoided.
When the ADXT Histogram shows a red bar, it represents that the strength of the trend is favoring the sellers, and only selling should be considered.
When the ADXT Histogram shows a blue bar, it represents that the strength of the trend is favoring the buyers, and only buying should be considered.
You will not win on every trade. No one ever wins all the time, regardless of what system is being used. This is just a fact of life with trading and you should consider losses much like an overhead of your business. In fact, you should treat trading as a business, whether you trade full-time or part-time, and give it the time, energy and respect it deserves if you want to succeed as a trader in the long term.
Although this system is not designed for huge moves, you can experience huge returns by continually getting into trades as setups occur. Stick with the trend and keep trading in the same direction until your ADXT indicator confirms that the trend is no longer significant.
Remember: stick to the rules, use good money management and be consistent