In this post I will review the E-Swing Jackhammer manual forex trading system for the MetaTrader 4 platform. This is a basic trading system that can be used by traders of all experience levels. Hopefully, this E-Swing Jackhammer Review will help you to decide if this is a forex trading strategy that you would like to try out. I think that it has some potential but does require the user to take some initiative. This means that you will need to confirm each trading signal with your own market analysis to make sure that you are happy to take the trade. If not, you can always wait for the next opportunity to come along.
What is the E-Swing Jackhammer Forex Strategy?
The E-Swing Jackhammer forex system can be used on any currency pair and chart time frame. It can be customised to different trading styles such as trend trading, day trading, swing trading, forex scalping and more. I would usually consider trading the most liquid currency pairs such as the EURUSD and GBPUSD as I tend to find that they can have some of the tightest spreads and plenty of liquidity for reliable trade execution speeds at the best available prices, especially when using an ECN forex broker. Furthermore, I feel that the higher timeframe charts of 1 hour and above can help to filter out some of the market noise that can occur in the lower chart time frames. It also means less time chart watching.
IC Markets are my top choice of forex broker for manual and automated trading strategies. This is because I find them to have tight spreads, low commission fees and plenty of liquidity which means that you can get your trades executed at some of the best forex market prices at all times. From my experience, they also provide excellent 24/7 customer support and have a good variety of convenient account funding options for you to choose from.
E-Swing Jackhammer is basically a trading system template that incorporates a combination of technical indicators which analyse the markets for a potential trading signal. When the system finds a signal, it can alert you. The signals are clear and easy to interpret, with colour coded indicators. When the system finds a possible trading signal, the user can then decide if they wish to take the trade or not. I would personally prefer to conduct my own thorough technical, fundamental and price action analysis before taking any trading signal.
As with any trading system, the money management and traders’ discipline can be important factors. I would try to ensure that I only take trades that present a favourable risk to reward ratio so that one losing trade does not wipe out consecutive winning trades.
How to use the E-Swing Jackhammer Forex System?
The E-Swing Jackhammer system has been developed to run in the MT4 platform. It comes as a trading template along with built-in indicators that you can apply to your chosen chart symbols and timeframes. You can use the default settings or adjust them according to your own needs. I would certainly practice on a forex demo account to begin with and only use this manual forex strategy as supplementary indicators to my own market analysis.
You will need a trading account with a forex broker in order to trade online using such a system. Most traders start out with a demo trading account so that they can familiarise themselves with online trading platforms and practice different strategies. If you are looking for an online forex broker, you may wish to vie my best forex brokers page.
Swing Trading
No, this is not trading whilst on a swing or trading for swingers. Swing trading is a style of trading that attempts to capture short- to medium-term gains in a currency pair (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. With swing trading, or what’s sometimes called momentum trading, trading account positions typically last two to six days, but could last as long as two weeks.
Overall, swing trading is considered less risky than day trading, even though it is susceptible to overnight and weekend gaps. There are many reasons why swing trading is safer, such as the ability to trade part-time, reduced trading costs, and others. If losses can be kept to acceptable levels using stop loss techniques, swing trading can be profitable and provide a good perspective to learn about both the short-term and long-term market movements.
E-Swing Jackhammer Features
Some of the main E-Swing Jackhammer include the following:
- Doesn’t lag/repaint
- Very easy to use
- Can be used on all currency pairs
- Can be used on all time frames
- Add to your existing setup
- Identifies possible buy/sell signals
- Many signals given daily
- Metatrader 4 compatible
- Great customer support
E-Swing Jackhammer Summary
Overall, I think that the E-Swing Jackhammer is a very basic forex system that will require the user to take the initiative. I wouldn’t personally use it as is without additional market analysis and a solid trading plan in place. The default MetaTrader 4 indicators can be used to build a very similar trading strategy template, and they are completely free with the platform! That being said, if you wish to try the E-Swing Jackhammer forex system, perhaps it may be wise to start on a demo trading account.
If you find that it is working well, you could always implement it within your own trading strategy to help you achieve your individual trading goals or even use it as a standalone forex system. There are many ways in which the E-Swing Jackhammer system can be used, so it is important to try and see if it can work for you before making any commitment.
It comes with full support, detailed instructions and a money back guarantee. If you want to learn more and get the E-Swing Jackhammer download you can visit the website by using the link below.
E-Swing Jackhammer
$49
Pros
- Manual Forex Trading System
- Technical Indicators
- Easy To Use
- Signal Alerts
- Versatile Forex Strategy
- Any Trading Instrument
- Any Chart Time Frame
- Detailed Instructions
Cons
- MetaTrader 4 Platform Only
- Takes Time To Learn How To Use
- Not Very Innovative
- Not Ideal For Beginners
- Requires Some User Initiative
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
