Want to know more about "Capturing Profit with Technical Analysis"?
Follow my forex trades with signal provider BandBreak5.
Preview my "IRSTS 1-2-3 Wave Count" in Stocks & Commodities June issue.
WINNER "Favorite Article" in the S&C Readers' Choice Award 2010 and 2011 and finalist in 2012. Thank You!
AXIOM business books awards, bronze medal for my book! Thank You!
BandBreak5 is a signal provider account at ZuluTrade.
The ultimate idea with time is to launch full auto-trading the forex market. For now I will be trading manually based on my latest STS8 system.
Opening an account, even a demo account at ZuluTrade, you can follow all signals generated by BandBreak5 making the same trades without the need to do anything, exept just once linking your account to BandBreak5.
Please read the important message at the end of this page!
There are eight clearly defined rules for making manual swing trading buy or sell decisions. These rules are applied to a customized MetaTrader4 chart template with a number of proprietary indicators. Some of the rules allow alternatives. One of the indicators is an expert system that can be used for full auto-trading.
As an example, these are the eight rules to open a long trade:
This is the basic template used:
Here are all indications used on the template:
In the first sub-window there are 2 indicators. The first is a fast stochastic RSI "SVESRSI" (light blue) and the second a slow standard stochastic (dotted red).
The second sub-window is a %b indicator "SveBBSpercB" a %b indicator based on my BBS Band Break System.
Finally in the third sub-window there is a standard RSI indicator (light blue) with a simple moving average (dotted red).
Do not risk money using any robot system if you are not prepared to lose your investment in full. Idea is also that if things go bad, do not stop after the first failure.
If you trade stocks, investing for example $10,000 you have to live with the fact that losing 15% trading on a daily chart is normal. So just take 10% or $1,000 to trade with a robot system. If you double that amount you make a 10% profit on your $10,000 capital, not taking more risk than trading stocks.
The minimum starting capital to trade successfully with BandBreak5 is $200. Use a MAXIMUM Lot size of $0.1 per $200 in your account.
If you want to start using my BandBreak5 trade signals and having to make a choice, I advice to use AAAFx for the low slippage and direct connection with ZuluTrade. I use a demo account at AAAFx to generate the buy and sell signals and I follow my own signals with a live account at AAAFx. You can use THIS LINK to get started.
NOTE: Frank mailed me this message:
Just some information that may help on opening a live account. I followed the directions you provided in order to open an account with ZuluTrade and AAAFx. The problem I ran into was that I was unaware that AAAFx are the ones that send you the login information for ZuluTrade and they only do this once the account has been credited with your initial deposit. In my case I opened a live account and funded it but it still takes a few days for the funds to actually show up in the account and in turn trigger the sending of the Zulu login information.