In this post I will be reviewing the Captain Forex manual forex trading system. This is a forex trading strategy developed to be used on the free to download MetaTrader 4 trading platform. This manual forex trading system is suitable for beginners and can be used stand alone or as an additional filter for an existing manual trading system.
Captain Forex Trading Strategy
Captain Forex is predominately a trend following strategy that looks to enter forming trends at the earliest opportunity. It can be used on any currency pair and time frame although I would personally trade with it on the major currency pairs and higher time frames. I find there can be a lot of noise on the lower time frames and trading costs from the more exotic pairs can be high when you consider the spreads and they also have less liquidity most of the time.
The Captain Forex trading system will give you sound and/or email alerts when there is a signal so you are not required to constantly watch the charts and you can monitor multiple currency pairs and time frames fast and effectively. You do not need to take every signal and can add your own additional analysis to further filter trades.
Captain Forex Summary
Overall, Captain Forex is a basic trend following strategy and I could easily find a similar strategy using default MetaTrader 4 technical indicators. A moving average cross over with an oscillator would be an example of filtering entry opportunities into a trend.
That being said, Captain Forex is flexible and can be used on any currency pair or time frame to suit your needs. It comes with detailed instruction manual, custom Captain Forex indicator, lifetime support, updates and a 60 day money back guarantee.