Free Forex Robot - This One Beats All the Hyped Expert Advisors Sold Online Posted by FOREX MARKETING , Friday, October 30, 2009 at 5:24 AM, in

You will see a lot Forex Expert Advisors and robots sold online all claiming they can make you huge gains with low drawdown and no effort and they all lose; here though you will find a free one you can use right now which has over 25 years of great performance.

If you look at the paid for Robots and Forex Expert Advisors which retail for a few hundred dollars or less, you will notice they all have one thing in common:

The track records are not verified in terms of they have made real money. All you get are simulations going backwards, knowing all the closing prices (not exactly hard to make money knowing this key data) but this is not real money, its just fantasy paper profits. Other vendors who put up account statements and expect you to believe them, without an outside audit.

Fact is these systems are all hype and sell on clever marketing and there not even designed by professional traders, just programmers who can make money when they know the closing price but when these systems are traded forward the market turns them to dust.

Now the Free forex robot we are going to look at here, was devised by a true trading great, has made huge gains and been admired by some of the great traders of all time, like Richard Dennis and its yours for free.

The system takes the name of its developer Richard Donchian and it's called the 4 Week rule , it only has one rule to time trading signals with and it's this:

Buy a new 4 week high in a currency, hold the position until a new 4 week low is hit and reverse the position to a short and after that, simply wait for new 4 week highs and lows to continually reverse the position.

You may think that's to simple to be profitable but try it and you will see it delivers great long term gains. It locks into the major trends and does so by trading breakouts and as any serious trader knows, all big trends start and continue from breakouts.

When using this system you can add exit filters but it works fine in the way we have just outlined. It has drawdown periods, when markets don't trend but you will soon make big overall profits when they do and if you trade long term it makes a lot of money. It's simple and robust as all great trading systems and its easy to understand and have confidence in.