In this post I will be reviewing the Forex C 15 Trader Strategy which is a complete all in one trading system designed to be used in the MetaTrader 4 (MT4) platform. The Forex C 15 Trader Strategy will constantly scan the charts that you attach the trading template to for buy and sell signals. When the software finds a potential opportunity, it will alert you. From there, you can decide if you would like to take a position or wait for the next signal to come along.
This may sound tempting for those of you who do not have the knowledge or time to manually scan the forex market for trade setups, but there are some important advantages and disadvantages to be aware of when using any forex trading system such as this one. In this Forex C 15 Trader Strategy Review, I will take a look at the core principles of the strategy and key features, to help you decide if this is something that you would like to use as part of your day trading routine.
Forex C 15 Trader Strategy
The Forex C 15 Trader Strategy has a unique built-in trading algorithm that will do all of the chart analysis for you. It is a semi-automated trading strategy in the sense that it can find possible trading signals, but then it is up to the trader if they would like to enter a position.
You can take the trades as they are if you wish, but I would want to conduct my own additional technical analysis, fundamental analysis and price action analysis in order to confirm every buy or sell signals that the software generates. I think there will be too many false signals if the user does not do any sort of filtering of trades.
The Forex C 15 Trader Strategy combines technical indicators to try and filter out flat markets whilst looking for emerging market trends. Trend trading is a method that forex traders use to determine the current direction of a currency pair and its momentum. The main goal of trend trade is to use price action to detect potential moves. Trend traders may look to buy into uptrends and sell into downtrends, taking advantage of buying low and selling high.
You can use the Forex C 15 Trader Strategy for any type of trading style, including scalping, swing trading, day trading and holding positions for the long term. I like how you can filter the trades according to your preferred trading strategy and risk preference. It has a few risk/reward ratios for you to choose from including 1:1, 1:2 and 1:3.
I would be looking to take signals that have the highest risk to reward ratio as I would not want one bad trade to wipe out a good run of consecutive winners. This may mean that there will be less signals but if you simultaneously follow multiple currency pair charts, I think there will still be ample opportunities.
It is very versatile as you can trade forex with it and any other financial instrument available in your brokers MT4 platform including stocks, indices, commodities and cryptocurrencies. You can also use it on any chart timeframe, depending on how much time you have to dedicate to trading.
I would personally be looking to trade the major forex currency pairs such as the EUR/USD and GBP/USD. This is because I find that they usually have plenty of trading volume which means you can catch some good moves and trading costs in terms of the spreads can be lower due to the liquidity. ECN forex brokers can have some of the most favourable conditions for trading forex, IC Markets being one of my top choices if you are currently looking for a forex broker.
Forex C 15 Trader Strategy Features
- The indicators do not repaint (change after time)
- Can be used on any trading instrument and chart timeframe
- Works with any MT4 forex broker
- Sends signal alert notification via SMS, email and platform pop-ups
- Easy to use with optional colour coded buy and sell signals
- Detailed instructions, full support and updates
Forex C 15 Trader Strategy Summary
Overall, I think the Forex C 15 Trader Strategy is a quite basic forex system that is not that different from something that you could put together yourself in the MT4 platform using the indicators that are already included. The trading signals are not that much different to a trading template which has a simple moving average along with some support and resistance levels.
The Forex C 15 Trader System will also require the user to take some initiative. I would not take the signals as they are without first understanding what is happening in the market. I think that this will help to improve your trading skills over the long term when compared to relying solely on trading signals from a third-party software.
I think it is important you learn why each Forex C 15 Trader Strategy signal is generated, rather than taking them without having a good look at what is happening in the market to verify each trade. That way, you can learn about all of the different trading indicators and combine those which you like the best into your very own bespoke trading system that is catered towards your own needs.
That being said, it can be useful for those of you who are looking for something that has been nicely packaged together and gives clear buy or sell signals with alerts. It also comes with full support, plenty of trade examples, indicators, templates and free updates.
You could always start on a forex demo account to begin with and see how things go before making a commitment. This can be a good way to build up your confidence and familiarise yourself with a trading system.
Forex C 15 Trader Strategy
$37
Pros
- Semi-automated BUY/SELL Signals
- Customisable Settings
- Any Trading Style
- Any Forex Broker
- Any Trading Instrument
- Any Chart Time Frame
- Combination of Market Analysis
- Full Support
- Detailed Instructions
- Free Updates
Cons
- Requires Some User Initiative
- MetaTrader 4 Only
- Takes Time To Learn How To Use
- Not Very Innovative
- 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.
