In this post I will be reviewing the Forex Intrepid Strategy which is another manual forex trading system for the MetaTrader 4 platform which is free to download and use from most online forex brokers.
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The Forex Intrepid Strategy contains technical indicators and a strategy template that you can load to your charts in MT4. It will generate trading signals that you can choose to take as they are or add your own additional analysis to further filter the trades.
You may wish to practice with the Forex Intrepid Strategy on a demo account until you get used to how it works and can trade it with some consistency.
Forex Intrepid Strategy
The Forex Intrepid Strategy look to take advantage of minor and major trends that can occur in the markets. When it finds what it deems to be a valid setup, it will alert you with a buy or sell trading signal.
You can set alerts via email, SMS and platform pop-ups so that you don’t need to constantly stare at the charts.
The Forex Intrepid Strategy can monitor multiple chart time frames and trading instruments at the same time.
The Forex Intrepid Strategy can be used on any FX currency pair or other trading instruments such as stocks, commodities, cryptocurrencies, energies, precious metals, etc.
It can also be applied to any chart time frame which makes it a very flexible trading system suitable for different trading styles including scalping, day trading and swing trading.
Ichimoku Kinko Hyo
The Forex Intrepid Strategy is mainly based on the Ichimoku Kinko Hyo. This is a forex indicator that can be quite complicated to use if you have no previous experience with it. However, the developer of the Forex Intrepid System has presented the indicator in an easy to interpret way. However, it will still require lots of practice in order to understand how it works.
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”. With one look, chartists can identify the trend and look for potential signals within that trend. The indicator was developed by journalist Goichi Hosoda and published in his 1969 book. Even though the Ichimoku Cloud may seem complicated when viewed on the price chart, it’s actually a rather straightforward indicator; the concepts are easy to understand and the signals are well-defined.
The Ichimoku Cloud indicator is made up of five lines or ‘plots’:
- The Tenkan-sen, known as the conversion line, is the nine-period high plus the nine-period low, divided by two. This is the midpoint of the 9-day high-low range, which means that the line spans just under two weeks.
- The Kijun-sen, known as the base line, is the 26-period high plus the 26-period low, divided by two. This line is the midpoint of the 26-day high-low range
- The Senkou Span A, known as the leading span A, is the conversion line plus the base line, divided by two. The leading span A marks the midpoint between the two lines, and forms the upper of the two cloud boundaries
- The Senkou Span B, known as the leading span B, is the 52-period high plus the 52-period low, divided by two. As the midpoint of the 52-week range, this line plots just under three months and forms the lower cloud boundary
- The Chikou Span, known as the lagging span, shows the closing levels plotted 26 days in the past
Forex Intrepid Strategy Summary
Overall, the Forex Intrepid Strategy can produce trading signals although I would personally filter them according to my own market analysis such as economic news, market sentiment, over trend, price action, etc.
That being said, it can be used as a standalone trading system and combines some very useful technical indicators.
Furthermore, it will require good money management and trading discipline in order to get the best out of it.
I would only look for trades that give a positive risk to reward ratio and make sure I am patient when waiting for signals.
If you are interested in downloading the Forex Intrepid Strategy, 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 Intrepid System 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.
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 Forex Intrepid indicator can be used, so it is important to try and see if it can work for you before making any commitment.
Overall, this is a basic forex strategy, and I do not think it is much different from a trading strategy template that you could build yourself in the MetaTrader platform by simply using the default technical indicators and drawing objects that are included within the platform free of charge. If you want to learn more and get the Forex Intrepid Strategy download you can visit the website by using the link below.
The Forex Intrepid Strategy includes instructions, support and free updates.
Forex Intrepid Strategy
$37
Pros
- Manual Trading System
- Technical Indicators
- Signal Alerts
- Trend Trading Strategy
- Any Chart Time Frame
- Any Trading Instrument
- Versatile Trading System
- Detailed Instructions
- Full Support
Cons
- MetaTrader 4 Only
- Takes Time To Learn How To Use
- Quite Complex 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.
