Recently for the past few weeks, I have been trying out a new forex programme that is gaining popularity. It is called the Forex Automoney.
How it works?
First of all, it is basically a system programmed to generate trade signals to help a trader in his trades.
Forex Automoney is a self-learning system based on neural networks and genetic algorithms and as input it takes a lot of parameters (such as the day of the week, part of the year, other currencies prices, gold price, oil price, holidays, etc.).
The system will generate signals over 3 time frames mainly:
* intraday- 6 times a day a buy or sell signals generated
* daily – signals are generated once a day
* weekly – using these signals you can enter weekly trades
Of course you can use all 3 systems together, trading intraday, daily and weekly!
Forex news are also regularly updated at the every the moment they are available to the public.
They provide signal in the form of exact entry & exit times and a stop-loss amount with each currency pair.
Does It works?
Well, I guess thats the important question to ask of any trading system. Over the past 6 weeks of trial run, I have complied a statistics of all the trade signals ever generated.
The result?
Its weekly trade signals are more accurate, generating correct signals for 93% of the time and I gain an average profit of 20 pips. Frankly speaking, I am surprise at the rate of accuracy and I see long term signal as a definite strength for the system.
Intraday and daily trade signal are correct for 80% of the time, which means a whopping 8 profitable signal out of every 10 generated!
I kind of expect the lower hit rate but hey, I think it’s a pretty good result to have in the forex market! Considering the fact that all you need to do is to wait for the system to generate the signal!
Should I try it?
Hell yeah! For its introductory price of just $4.95!, I think it’s damn value for money. As we all know, forex advice doesn’t come cheap and definitely not at the price of $4.95!
Find out more about Forex Automoney here.
