In this post I will be reviewing the TriStar Trader semi-automated forex trading system. This consistent and profitable forex trading system will monitor multiple currency pair charts and time frames for you and then alert you when there is a signal. When you receive an alert you can click OK for the software to automatically place the trade for you with your preset values or you can place the trade manually yourself. Being semi-automated is great as it means that you do not need to chart watch all day as the TriStar Trader system will constantly be monitoring the charts for you. It works on the free to download MetaTrader 4 trading platform and is suitable for beginner traders as it includes detailed instructions with screenshots and real trade examples. It gives you the best of both worlds from manual and automated trading. TriStar Trader even comes with an automated installer to install on your mt4 platform automatically. The website shows some very impressive results achieved through using this unique forex trading system. It is very flexible and can be adapted to suite your trading needs such as your preferred currency pairs, timeframes and availability for trading.
TriStar Trader Strategy
As previously mentioned the TriStar Trading system will give you alerts when there is a trading signal on the charts and time frames that you are monitoring. The signals are based on a combination of technical analysis to analyse the current market behaviour and anticipated direction. What is very good about this system is that it targets trades with a good risk to reward ratio which means that your profitable trades should always be greater than your losing trades. This way you do not need a really high win rate as one loss would not wipe out all of your winners. There are green and blue arrows that represent buy and sell signals. These are very easy to visually identify on the chart making the TriStar Trading system very easy to trade. You can set the risk, stop loss, take profit, etc. that you would like to trade from the TriStar trading system inputs and when there is a signal alert you can allow the system to place the trade for you automatically at the click of a button using the presets you chose. Trades will then be managed and closed for you fully automated. You can of course place the trades manually yourself should you prefer. The TriStar Strategy trades any currency pair and even gold, oil and other commodities. I would recommend trading major currency pairs such as the EURUSD and GBPUSD due to the low trading costs, tighter spreads, trading volume (big moves) and plenty of liquidity for fast execution and the best possible prices. Of course use a regulated true ECN forex broker for the best possible trading conditions. It goes without saying that the TriStar Trader strategy does not use any dangerous grid, martingale or hedging strategies.
TriStar Trader Summary
Overall, TriStar Trader is a very strong semi-automated forex trading system that produces accurate trading signals with high probability. Just ensure that you always maintain a good risk to reward ratio for sensible money management and keep your trading emotions in check! It is very simple to use whether you trade it manually or automated. It is also very flexible making it suitable to all traders regardless of your needs and the time you can trade. Results on the TriStar Trader website shows that it performs very well over the short and long term. It comes with full support, detailed instructions with trading examples, updates and a 60 day money back guarantee.