Forex Bling – Fractals Set Up
Another robot that comes with Forex_Bling is Fractals EA and this is given for FREE.
Last week I was lazy to set up the Fractals EA, but I have setup everything just now. I have also increased the lots from 0.01 to 0.1. I still need to see how money management works with Forex Bling, I mean there are some recommended settings within the manuals and I need to look at them carefully. The numbers I have seen were 1%, 1.5% and 2% and these complies with proper forex trading account management rules. I know that Forex Bling is different from other robots! I HIGHLY RECOMMEND this robot, and you can test it form 60 days.
This is taken from the product page:
Fractals-4 EA is a Combined High Volatility Breakout Trading and Low Volatility Breakout Trading System.
Many people believe that the markets are random. They believe, like Burton G. Malkiel in his book A Random Walk Down Wall Street that throwing darts at a dartboard is likely to yield results similar to those achieved by a fund manager.
We do not subscibe to such an idea, but truly advocate the idea that focused attention to the market and rigorous analytical activity will yield solid predictions. High Volatility breakout trading systems are based on the premise that if the market moves a certain percentage from a previous price level, the odds favor some continuation of the move. This continuation might only last one day, or go just a little bit beyond the original entry price, but this is still enough of a profit to play for. A trader must be satisfied with whatever the market is willing to give
Low Volatility Breakout is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become
profitable in a Low Volatility market. It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains that the trader has worked to obtain. Having the right tools such as a live feed, a directaccess broker and the stamina to place many trades is required for this strategy to be successful.
Good Trading
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Thanks for sharing such a good post.I would like to add something in it.Forex trading system stands for foreign exchange trading system. In this we can easily trades currencies. The purpose of Forex trading system is to help international trade and investment. In this foreign trading system a party buys a product in one currency by paying an amount in another currency. Forex signals are generated to buyers so that they know how they gain the profit.