This package consists of three of my own developed versatile forex trading tools with user guides and strategies. Contains the Gawain Channel Indicator and the Trend Intensity Indicator, as well as the Galahad Expert Advisor, which trades a strategy fully automated, based on the signals of the two indicators. If you stay patient, maintain discipline and consistency, keep basic rules and by using the package you could be a success forex trader. Forex trading success, patience and discipline go hand in hand.
Galahad Expert Advisor is a fully automated forex trading robot for the MetaTrader 4 platform that trades on the EURUSD currency pair. With suitable optimization it is also capable to trade with any currency pair found in the foreign exchange. Designed to run unattended. Just turn it on and let it trade.
It's tested with historical price data for at least ten years before it's released and the forward test is running right now to make sure that it can provide profit reliably and warns me when the settings should be changed. Also I'm planning to launch a beta test period in a few weeks.
The question on definition of trend shall be primary for a forex trader. Trend identification is one of the important starting points before taking a position. Trend Intensity Indicator primarily can be used to identify the direction and the strength of the current trend. It also shows the trend is becoming stronger or the trend is becoming weaker. Trend Intensity Indicator can be a helpful tool in a trader's arsenal.
How many lots do you trade? Swiss Knife Indicator is a simple but usefull indicator for position sizing. It's a handy tool to keep in your pocket when you're working in the garden. Swiss Knife Indicator will help you find the approximate amount of currency units to buy or sell to control your maximum risk per position.
The Gawain Channel Indicator itself can satisfy all swing and scalp trader needs. There is no need for an other technical indicator, it can be used as an independent decision making analyst tool on any charts. It can be effectively used for daytrade, short and long term orders as well.
I have studied Programming and Information Technology and have worked in that field for the past 16 years. The first time I met with Stock Exchange was around 2001, when I was looking for investment opportunities for my savings. During my learning I read plenty of books dedicated to trading. Some of them were more useful for me, some were less. The first few orders I have given on the Budapest Stock Echange. I had less success that time. Since then I have realized that's not a game. Then I tried Nasdaq, where I made successful orders.
The term Forex Trading, also known as FX or currency market is the term used for the Foreign Currency Exchange Market. The Forex Market is a global, worldwide decentralized financial marketplace which lets the investors trade currencies of all the countries world-wide. Basically, Forex Trading is just the buying and selling of the world's currencies. Buyers seek to buy at best and sellers seek to sell at the highest market price.