In this post I will be reviewing the Forex Blue Starck Strategy which is a unique manual forex trading system that works on the MetaTrader 4 (MT4) platform which you can download free of charge from the majority of forex brokers. In this Forex Blue Starck Strategy Review, I will be taking a look at the trading strategy that it uses along with the key features for you to consider. This should help you to decide if this is a forex system that you would like to use for your own day trading activities.
Forex Blue Starck Strategy
The Forex Blue Starck Strategy constantly analyses the charts that you attach it to in the MT4 platform and has a combination of unique trading algorithms that look to find possible entry and exit points that have a high probability. It is easy to use and everything is displayed clearly on your charts. The Forex Blue Starck System is very versatile as it can be used on any currency pair and any chart timeframe, depending on your preferred trading style.
The Forex Blue Starck System is based on a forex trend trading strategy. Also known as trend following, trend trading is a trading strategy which assumes that a currency pair or other financial instrument is likely to continue to move in the same direction as it is currently trending. It is based on the concept that forex markets have an element of predictability.
Therefore, it is believed that by analysing the latest price fluctuations and historical trends, a trader can predict the future price patterns to try to capture gains through taking positions along a cycle of expected price movements. Forex traders will often use technical indicators such as moving averages and MACD to try and determine the direction of the trend.
This strategy heavily relies on using technical analysis and its components, such as technical analysis indicators and oscillators, chart patterns and trendlines to identify the direction of market momentum. Simply put, trend trading revolves around a trader making purchasing and selling decisions based on trends.
Whilst the Forex Blue Starck Strategy may be able to detect some good trends, it does require plenty of initiative on behalf of the forex trader that is using it. This is because there is some much that left open to interpretation. Not all of the Forex Blue Starck signals will be able to correctly detect the start of a big trend, especially in ranging market conditions. Yes, it does have some filters to try and avoid such market scenarios, but it is impossible for every signal to be a good one.
Therefore, I feel like anyone who is considering using this forex trading strategy should have some experience as they will need to be able to conduct their own market analysis in order to pick the trades which the deem have the best probability. I personally would not trade the Forex Blue Starck System blindly without first confirming trading signals with my own technical analysis, fundamental analysis and price action analysis.
Furthermore, you will need to have a sensible money management strategy in place. Whilst you could always use the Forex Blue Starck Strategy for both entry and exit signals, this may not give a risk to reward ratio that matches your own risk preferences.
I would probably only be looking to take the trading signals that give me a favourable risk to reward ratio. I would try to cut my losses short but let winning trades run. This can be done by locking in good trades at break even point and moving the stop loss with a trailing stop for the remainder of the position.
Forex Blue Starck Strategy Features
- MetaTrader 4 (MT4) platform
- Can be used on any MT4 forex broker
- Currencies, Indices, Stocks, Options, Commodities & Cryptos
- Can trade on any chart timeframe
- Unique combination of market analysis
- Detailed step by step user guide
- Unlimited licenses
- 24/7 support
Forex Blue Starck Strategy Summary
Overall, I think the Forex Blue Starck Strategy is well packaged and I like how it uses a combination of market analysis to try and determine the overall direction of the trend. This can also help filter bad trades to some extent but as with any manual forex trading system, it is not perfect.
There will be bad signals which is why I believe that it is important for the user to be able to confirm each possible trade with their own market analysis. It also requires you to decide where you would want to place your stop loss and take profit levels, not to mention you will need to have a solid forex trading plan and be able to keep your trading discipline and emotions in check.
If you are looking for an easy to understand forex strategy that has a nice-looking trading template with clear buy and sell signals for scanning multiple charts in your MT4 platform, then I can see the appeal of the Forex Blue Starck Strategy.
However, it is perhaps not the different from if you loaded some of the default MT4 indicators onto your charts and created your own trading template. This would not cost anything and could be a good way to figure out which forex indicators you prefer to use.
That being said, you could always try the Forex Blue Starck System on a forex demo account to begin with and see how the signals perform. It is a flexible and simple trading strategy that comes with detailed instructions, lots of trade examples and full support.
Forex Blue Starck Strategy
$37
Pros
- Versatile Forex System
- BUY/SELL Signals
- Easy To Use
- Combination of Technical Analysis
- Any Trading Instrument
- Any Chart Time Frame
- Any Trading Broker
- Detailed Instructions
- Free Updates
- Full Support
Cons
- Requires Some User Input
- Takes Time To Learn How To Use
- MetaTrader 4 Only
- No Verified Results
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.
