In a planet in financial predicament it is an opportunity. It is well notorious fact that Forex trading is one of the riskiest kinds of investments but it presents hope to some investors with risk taste. In today's high tech markets there are many highly developed trading platforms that can save enthusiastic traders and investors lots of funds and bring limitless potential. One of these tools available to traders for free is the Meta-trader Software. We will refer to it as MT4 Through out this expose.
Mt4 is a software application that allows traders to trade forex currencies from their homes. Nearly all Forex brokers allow traders to use it in spite of the fact that almost every broker has developed his own podium. Any Forex broker not supporting Mt4 is simply losing business to the rivalry.
This powerful software gives traders another strong but hardly ever used tool called Plan Tester. Users can download entire history of a financial instrument and apply a trading strategy. Trading strategy has to be in the style of an expert advisor. Expert advisor is not a human being, but rather a computer program or a script that runs within an Mt4 chart and it trades on your behalf based on an automatable approach.
One of the most lucrative expert advisors ever is Forexbody Expert Advisor. Forexbody expert advisor is not based on any Mt4 indicators but on time only. In essence this EA trades only 2 trades a day and has 2 distinctive strategy variations.
The First variation is where this automated trader places 2 trades a day at particular times set by the developer. Back testing showed this method is very powerful and grows accounts really fast. The main drawback is that this style requires you to have your computer on all the time and connected and that you almost always have open trades. From 20 May, 2009 till January, 2010 back tests showed that 3k accounts were grown to at least 40k with minimal risks or up to 1 million with uncompromising risky settings. Wicked days like March 18, 2009 prove to be killers to this approach, because this EA does not use stop loss but uses profit limit. and that is why the developer came up with another approach to trade with Forexbody.
The Second Tactic ( Thank God there is one ), This auto trader places 2 trades a day within 1 hour of the day at a very special time of the day with minimum profit limit. Surprisingly each trade is closed profitable within minutes of the time it is placed. In fact sometimes the trades are closed within seconds and even when that happens the EA waits 24 hours before placing another trade. The results are superstitious. The trader stays out of the Forex market nearly 99% of the time while growing account value by 1% every business day. Add the compounding part and you can picture the rest.
One strong time test documented and screen recorded by developer on Autoforexbody website, An account with a beginning balance of just 3k was multiplied hundreds of times over to arrive at an account equity of 1.2 millions within a era of time less than 14 months long.
This proves that Forexbody stop-less tactic is worth checking out and taking into account. After all, You can test it all on history data or demo accounts. Since when you trade forex it says about you that you are taking big risks for outstanding rewards, so why not try it once with Forexbody?
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For More Information about Forex Trading visit http://www.forexbody.com/
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