In this post I will be reviewing the Forex Royal Synergy Strategy which is another manual forex trading system that has been developed for trading forex in the industry standard MT4 platform. You will need the MT4 desktop platform to load the Forex Royal Synergy Strategy indicators onto your charts. It will then scan the markets for buy and sell signals.
When there is a possible signal, the software will send you an alert and clearly display the signal on your chart. You can then decide if you would like to take that position or wait until the next signals comes along. This might sound like an easy way to trade, but it is not because there is so much more to it than simply buying and selling when a trading indicator tells you to do so.
In this Forex Royal Synergy Strategy Review, I will take a closer look at the forex trading system that it utilises, along with the key features, advantages and disadvantages. This should help you to decide if this is a forex strategy that you would like to include within your forex trading plan.
Forex Royal Synergy Strategy
The Royal Synergy Strategy with its built-in self-correcting, adaptive algorithm allows you to spot potential trading signals by pinpointing the exact times for you to enter and exit trades. All you have to do is tell it the trading style you are comfortable with, and Royal Synergy Strategy will notify you when there is a trade that matches the preference within the settings.
It’s capable of performing highly complex calculations in the shortest time possible in order to detect impulsive price movements that identify early trend formation. I am a fan of trend trading strategies as you can catch some big market moves if you get into the trend at the right price.
As it can take time to perform proper market analysis, many forex traders discover trading opportunities after the price has travelled several pips already. Normally, looking at the charts, a typical trader wouldn’t be able to do this, but this forex software can as it uses an automated algorithm which can simultaneously scan all of your favourite financial instruments and chart timeframes without you even needing to be at your computer.
The Royal Synergy Strategy has a very user-friendly graphical interface which shows you what the algorithm is “thinking” at any given time. It is actually capable of detecting both continuation market moves in direction of the trend and reversal market moves against the trend. It can help you to join the prevailing trend and it can help you determine when the current trend is exhausted, so you can prepare for an upcoming market reversal.
Forex Royal Synergy Strategy will generate trading signals based on predefined settings. The UP and DOWN signals will notify you of each new trading setup as defined in the indicator’s settings.
In addition to big arrows drawn on the charts the signals can be delivered as a small pop up window with a sound alert (as seen in image), email message, or a push notification sent to your mobile device such as phone or tablet. This saves you from hours of chart watching which is great. Just keep in mind that you might need to act fast in order to enter the market at the best price point.
Once the trend indicator is installed and running you will be able to receive free trading alerts continuously without any monthly fees. In order to receive the trading signals to your email address, your MetaTrader 4 needs to be configured with your server details, email account, phone number, and it needs to be running. This might sound complicated but easy to follow step by step instructions are included if you have not already done this before in the MT4 platform.
Forex Royal Synergy Strategy Features
- Manual buy and sell trading signals
- Receive signal alert via SMS, email and platform pop-ups
- Combines technical analysis to try and determine trends and reversals
- Can be used on any forex broker, instrument and timeframe
- Easy to understand trading template for the MT4 platform
Forex Royal Synergy Strategy Summary
Despite the fact that the Forex Royal Synergy Strategy sounds like a really easy to use trading system, it does require some experience and user initiative in order to reach its potential. This is because I think that the trading signals need to be confirmed with your own market analysis. I would not blindly take each and every buy or sell signal that the software generates without first checking them.
You will also need to have sensible money management in place as this is something that can cause the Forex Royal Synergy Strategy to give completely different results between traders. You should always use a stop loss and take profit level that you feel comfortable with as every trader is different in that respect.
Overall, I do not feel the Forex Royal Synergy System is that different from a trading template that you could build for yourself in the MT4 platform by using the default technical indicators that are already included free of charge within the platform.
If you are still curious and want to give this trading strategy a try, then I would only start on a demo trading account to begin with to see how things go. This can be a good way to familiarise yourself with the Forex Royal Synergy Strategy and how to use it before making any commitment.
You can visit the official website by using the link below. The Forex Royal Synergy Strategy includes free updates, full support, instructions and plenty of handy trade examples showing it in action.
Forex Royal Synergy Strategy
$37
Pros
- Clear Buy/Sell Signals
- Easy To Use
- Trend Trading Strategy
- Any Trading Broker
- Any Trading Instrument
- Any Chart Time Frame
- Detailed Instructions
- Free Updates
- Full Support
Cons
- MetaTrader 4 Only
- Not Very Innovative
- Takes Time To Learn How To Use
- Requires Some User Initiative
- 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.
