In this post I will be reviewing the Forex Crystal Ball manual forex trading system developed by Vladimir Ribakov. It runs in the free to download and very popular MetaTrader 4 trading platform. Forex Crystal Ball is a complete manual forex trading system that uses MT4 customised indicators to give you trading signals. Due to its ease of use and the many trade examples and instructions included, it is suitable for all levels of forex trader whatever your experience may be.
In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
I have reviewed some of Vladimir Ribakovs other forex trading software including Forex Triple B Pro, sRs Trend Rider Pro, Divergence University and Traders Academy Club.
Forex Crystal Ball Review
The concept behind the Forex Crystal Ball trading system is that history will repeat itself. Based on historical events and chart behaviours/patterns, the Forex Crystal Ball will try to anticipate which direction the market will move at the current time. It shows you what it thinks are the days to look for buy trades and the days to look for sell trade.
The development behind the Forex Crystal Ball was rigorous with all of the MT4 historical forex data analysed. This was conducted by many traders, statistician’s, programmers, testers and around 50 indicators including customised indicators. Thus, through this arduous and intensive testing, the Forex Crystal Ball was formed. All the data and common patterns were grouped together to try and determine what direction the market will move in the future.
The Forex Crystal Ball system consists of two separate elements. These combined elements form this unique forex trading system.
The Forex Crystal Ball Indicator that tries to forecast what the current day’s candle, the following day’s and 2 days later candles would look like.
The other trade statistics component is built and customized. It will try to identify reversal patterns on your charts, such as tops or bottoms. The table represents vertical support and resistance ranges which are analysed separately from the Forex Crystal Ball Indicator as a separate additional confirmation.
The Forex Crystal Ball system will give you alerts via SMS and email when there are possible trading signals so you do not need to chart watch all the time.
It includes a tunnel indicator and buy/sell action zones that shows you possible places to place your buy and sell trades.
I would personally make sure that I use this with good money management and filter the trading signals that it generates with my own analysis. I would only take trades that have a good risk to reward ratio whilst I would make sure my trading discipline is in check.
How was the Forex Crystal Ball Developed?
I really appreciate how transparent Vladimir is when he is talking about his various trading systems and courses, including how they were created. I think it is always good to get a feel for the process behind the development of trading systems that you are thinking about using for your day trading routine. That being said, the Forex Crystal Ball development process involved the following:
- Investigation and characterization of all the strong trend formations, trend continuation and trend reversals of the past 8 years
- Identifying the prevailing market and trading conditions when a strong uptrend or downtrend is formed or is reversed
- Grouping all the common patterns and similarities
- Applying this knowledge into future trades and inputting all the data into the first component of the Forex Crystal Ball
- Verifying historical repetition using another tool for double accuracy
The end result is friendly pop-up alerts that are based on all of the historical information. I think this is a quite unique approach to a forex trading strategy. More often than not, you will find that forex strategies just look at what is happening in the market right now. Whilst that can be a good solution in its own right, I think that giving some consideration to historical data can help to filter and some bad signals and add extra confirmation to each trade decision.
Forex Crystal Ball Summary
Overall, I think that the Forex Crystal Ball is a well thought out manual forex trading system. Despite the huge amount of statistics and analysis behind it, it is relatively easy to use and flexible to suit a vast array of trading styles. You may use the Forex Crystal Ball system on any time frame and currency pair. You can also use it on other financial instruments provided they are available via your brokers trading platform.
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.
If you are interested in downloading the Forex Crystal Ball system, you could always start on a demo trading account to begin with. This could be a great way to familiarise yourself with how to trade with the Forex Crystal Ball strategy and get the most out of it. You can get a free demo trading account from most forex brokers. Once you have built some confidence and have some success, you may then consider switching over to a real live account.
The official Forex Crystal Ball website shows a wide range of trade examples so you can see more of what to expect. Don’t forget, you don’t have to take all signals generated and can even use it alongside you own personal trading system. Detailed instructions, full support and a money back guarantee are included. If you want to learn more and get the Forex Crystal Ball download you can visit the website using the link below.
Forex Crystal Ball
$0-599
Pros
- Versatile Trading System
- Any Currency Pair
- Any Timeframe
- Manual Trading System
- SMS/Email/Signal Alerts
- Detailed Instructions
- Full Support
- Money Back Guarantee
Cons
- Takes Time To Learn How To Use
- Requires Some User Initiative
- MetaTrader 4 Only
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.
