In this post I will be reviewing the Forex Lacuna Hunter Strategy which is a manual forex trading system that can be used by traders of all experience levels.
It runs in the MetaTrader 4 (MT4) trading platform and includes easy to follow setup instructions. The system come with technical indicators and chart templates for MT4.
You can use the Forex Lacuna Hunter Strategy by itself or in conjunction with your own market analysis to further filter the opportunities that it presents.
You could always practice trading the Forex Lacuna Hunter Strategy on a demo trading account to begin with in order to familiarise yourself with how it works and go live only when you feel ready to do so.
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.
Forex Lacuna Hunter Strategy
The Forex Lacuna Hunter Strategy is equipped with a predictive self-updating algorithm that calculates time and wave cycles depending on the time frame you are trading in order to try and identify potential entry opportunities.
The strategy has simple rules to follow alongside the colour coded technical indicators which make it easy to use.
You can be alerted when the system finds a trading signal via SMS, email and platform pop-ups. This is useful as you do not need to start at the charts all day long whilst waiting for signals and can monitor multiple charts simultaneously.
The system can be used on any forex currency pairs or other trading instruments such as commodities, stocks, metals, energies, cryptos, etc.
I always prefer to manually trade on major currency pairs such as the EURUSD and GBPUSD as I find they tend to have the most liquidity and lowest spreads.
I would also look to use an ECN forex broker for the best possible trading conditions.
You can trade with the Forex Lacuna Hunter Strategy on any time frame from 1 minute all the way through to the 1-month charts. I would usually opt for longer term time frames such as the 1 hour and above as I feel that they do a better job at filtering out some of the noise that can occur in the lower chart time frames.
That being said, whatever your trading style, you can customise the Forex Lacuna Hunter Strategy to your needs. It can be used for scalping, swing trading and day trading.
Wave Cycles
This is a forex trading strategy that is primarily based on wave cycles. This is a concept that I feel is often over looked by new traders as perhaps they are worried that these wave cycles are too complicated to learn. However, I think that is one of the key things that gives them the edge over some of the more common form of technical indicators such as moving averages.
A wave is a repeating pattern. It repeats itself in a periodic and regular fashion over both time and space. And the length of one such spatial repetition (known as a wave cycle) is the wavelength. The wavelength can be measured as the distance from crest to crest or from trough to trough. A wave’s frequency is the number of cycles that are completed in a certain amount of time.
The Elliott Wave Theory suggests that the stock prices move continuously up and down in the same pattern known as waves that are formed by the traders’ psychology. The theory holds as these are recurring patterns, the movements of the stock prices can be easily predicted.
In the Elliott Wave Theory, the traditional definition of motive wave is a 5 wave move in the same direction as the trend of one larger degree. There are three different variations of a 5 wave move which is considered a motive wave: Impulse wave, Impulse with extension, and diagonal.
Elliott Wave Theory has been around for decades. Ralph Nelson Elliott first used it in the 1930s, but it wasn’t until the 1970s that it was popularized in the book ‘Elliott Wave Principle’ which was written by Prechter and Frost. It builds directly onto the Dow Theory — in fact Elliott said that his Wave Principle was ‘a much-needed complement to the Dow Theory’. Because Dow referred to the motion of the sea when he described price movements, Elliott chose to call his price movements ‘waves’.
Experts have always encountered difficult periods when trading with Elliott Wave analysis. The high degree of subjectivity involved in applying this methodology is most probably the reason for its mixed success rate.
The best way to experience practical use of Elliott Wave is by trying it out on your trading platform. This indicator is not so easy to use, yet it is quite useful to have it as a part of your trading setup. We would not recommend you to solely rely on Elliott Wave, it should be a secondary or a conformational indicator to an already established trading strategy.
Forex Lacuna Hunter Strategy Summary
Overall, the Forex Lacuna Hunter Strategy is very flexible and user friendly. It can present some potential trading opportunities and would need to be used alongside good money management with strict trading discipline in order to get the best out of it.
Hopefully, this Forex Lacuna Hunter Strategy 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.
The Forex Lacuna Hunter Strategy includes instructions, updates and support.
Forex Lacuna Hunter Strategy
$37
Pros
- Manual Trading System
- Signal Alerts
- Trend Trading Strategy
- Any Trading Instrument
- Any Chart Time Frame
- Versatile Trading System
- Detailed Instructions
- Full Support
- Free Updates
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.
