Saturday, October 20, 2007

More Thought on Forex Killer Trading Software

I wish to give my more thought and support on how to best use the forex killer signal software.

After a few days of testing, and I might have some slight worries for anyone who just simply adopt the software and follow all the signals generated by the software. As we know, no trading software is perfect or holy grail.

From what I have observed so far, the signal software excels in the following scenarios:
1) Strength begets strength
Example (as used in my first posting):
GBP/USD H1 Chart - Long at 2.o396


2) Breakout from sideway range
Example (as used in my second posting):
USD/CAD H1 Chart - Short at 0.7921


However, since you are required to input a chain of data, the end results might be somehow different for different users, as they might begin their data input at the 'wrong' set of time, without knowing that they might be missing an early signal/action. As a result, they might be picking the 'top'/'bottom' of the price channel, and hence reducing their overall chance of winning.

Therefore, in my opinion, some visual pointers on the technical chart would be useful in order to attract your attention and to begin the manual data input/calculation process. The indicator should work along side with the forex killer signal software algorithm and should be applied to the scenarios mentioned above.

The new software version now includes an automated data download feature as well as an additional long-term signal algorithm for reducing risk and trend exploiting.

Related posts:
The Updated Forex Killer Software
Trading the News Via Forex Killer
My First Impression of Forex Killer Automated Trading Software

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