In this post I will be reviewing the easy to use Forex X Code forex trading system. This manual forex trading system is based around an indicator for MetaTrader 4 that tells you when to enter and exit trades as well as giving you an area to place your stop loss and take profit levels. It only takes a couple of minutes to setup and is very easy to understand. You just follow the indicators color changes. When the indicator is blue, you buy and when it is red you sell. If the indicator is flat (horizontal) then the market is ranging so you do not enter a trade.
Forex X Code Trading Strategy
The Forex X Code trading system aims to catch big trends so the wins are often in the hundreds of pips (150-300 on average), especially when using it on the longer time frame such as the 1 hour, 4 hour and daily charts. You may get more false signals if you trade it on the lower time frames but provided you let the winners run and cut the losing trades short then you could still gain profit trading shorter time frames. It works on all currency pairs so you can choose which to trade although for better slippage and liquidity it would be best using this forex trading system on the major currency pairs. Forex X Code can also work on commodities such as oil, gold, silver, etc. The Forex X Code indicator has a win rate of 90% and you are in complete control of the trading so you can decide if you would like to take a signal from the indicator using other factors such as incoming major news, fundamental analysis, market hours and anything else for an additional filter.
Forex X Code Summary
It is very simple to use, telling you exactly when to buy, sell or remain neutral and has a useful alert feature so trade signals can be sent to your mobile phone via SMS or your email. There is a 60 money day back guarantee which gives you more than enough time to try it out and decide if it is for you. I personally like the accuracy, simplicity and flexibility of this particular forex trading system so I can recommend that you check it out using the button below. I would definitely consider coding this indicator into an automated trading system when I get around to it.