In this post I will be reviewing the 4X Pip Snager 2.0 manual forex trading system developed to be used on the free to download MetaTrader 4 trading platform which is the most popular amongst forex traders around the globe. You simply download the 4X Pip Snager 2.0 forex trading indicators, install them on your charts using the easy to follow setup instructions and then you are ready to trade! The 4X Pip Snager 2.0 trading system will give you signals for entering and exiting the market. The developer claims that 4X Pip Snager 2.0 can make up to 500 pips per week with a 91% win rate, which is of course fantastic. However, to achieve such results there is no mention of how frequent you will need to trade, what timeframe you should use, what currency pairs and what money management. That being said, even a fraction of 500 pips profit per week will still be a great return on your manual forex trading with minimal effort as the 4X Pip Snager 2.0 does all of the technical analysis on your behalf, you simply place the trades when it gives a trading signal.
4X Pip Snager 2.0 Review
The 4X Pip Snager 2.0 manual forex trading system is very flexible as you can use it on any currency pair that you wish. You may also use it to scalp pips on the lower timeframes if you are a forex trader who prefers lots of action or you may trade it on higher timeframes such as the 1 hour and above if you want less stress than that scalping can cause. That will also give you more free time to do other things that you enjoy. The 4X Pip Snager 2.0 will also give you signal alerts via SMS and email if you are away from your screen. I would personally trade it on the major currency pairs such as the EURUSD & GBPUSD as these currency pairs have the lowest spreads and plenty of liquidity thus giving you an edge in term of execution speed and saving on trading costs. Also, ensure that you use a reputable true ECN forex broker for the best possible trading conditions. Since the 4X Pip Snager was released around 8 years ago, it has been updated to the 4X Pip Snager 2.0 which also includes additional filters such as dynamically adjusting to the current market conditions, automated money management so that it will place stop loss and take profit for you as well as a feature that filter out some of the lower probability trades. The color coded indicators incorporated by the 4X Pip Snager 2.0 make it extremely easy to use – it really takes the guess work out of trading but feel free to add your own additional technical, fundamental and price action analysis to the signals that it generates.
4X Pip Snager 2.0 Summary
4X Pip Snager 2.0 includes 3 different version – the 4X Pip Snager 2.0 scalping system, 4X Pip Snager 2.0 day trader and the 4X Pip Snager 2.0 swing trader. This makes it suitable for whatever your preferred trading style is. It is a very well known manual forex trading system that has been around for years and improved upon during that time. There is some really positive feedback on the 4X Pip Snager 2.0 official website from users and you can always try it on a demo account to see if it is suitable for you as you are covered with a money back guarantee. Full support, free update and detailed instructions are included.