In this post I will be reviewing the Forex Tornado Strategy which is a manual forex trading system that has been developed to produce optional buy and sell trading signals in the MetaTrader 4 (MT4) desktop platform. You can decide if you would like to take each and every signal as they are, or conduct your own market analysis for extra confirmation. The Forex Tornado Strategy comes with signal alerts which means that you do not need to chart watch all day long as you can be notified when there is a possible setup via email, SMS or platform pop-ups.
Whilst this semi-automated setup may seem like an attractive proposition for those of you who may not have the time or skills required to manually analyse the markets, there are some important pros and cons to be aware of which I will be covering for you in this Forex Tornado Strategy Review. I will also be taking a closer look at the forex strategy that it utilises along with the key features for you to consider.
Forex Tornado Strategy
The Forex Tornado Strategy is a complete forex trading system that combines technical analysis from multiple indicators to discover buy and sell opportunities on any chart that you apply it to. The software is easy to use with clear colour coded signals and a simple trading dashboard. It includes optional stop loss and take profit levels but I would be sure to only ever use a money management strategy that you feel comfortable with because every trader is different in that respect.
Personally, I would only be looking to take the Forex Tornado Strategy signals that give me a favourable risk to reward ratio where the winning trades will outweigh the losing trades. Nothing can be more frustrating than one bad trade wiping out a run of consecutive winners. Every forex trader will have a different risk preference but you do not have to stick to the levels that the Forex Tornado Strategy gives if you do not want to.
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.
You can use the Forex Tornado Strategy for any type of trading style, including scalping, swing trading, day trading and holding positions for the long term. I like how it has a choice of trading modes for you to choose from depending on your trading style, whether that be conservative or aggressive.
The Forex Tornado Strategy is very versatile as you can use it on any currency pair or chart timeframe that you wish. You can also use it on other asset classes that are available in your MT4 platform including stocks, indices, commodities and cryptocurrencies.
I would personally be looking to trade the major currency pairs such as the EUR/USD and GBP/USD as I find that they often have a good amount of trading volume which means that there can be plenty of liquidity and the possibility to catch some good market moves.
I would also be looking to use the Forex Tornado Strategy on the 1-hour chart timeframes and above. Yes, you could probably get more forex trading signals by using it on the lower chart timeframes, I just find they can have a lot more noise which I feel makes it more difficult to filter the good from the bad signals.
In order to use the Forex Tornado Strategy, you will need a trading account with a forex broker. With so many forex brokers to choose from nowadays, it can seem very difficult to find a suitable option. If you are new to forex trading online and looking for some ideas, please feel free to browse my best forex brokers for some inspiration along the way.
Forex Tornado Strategy Features
- Advanced Trading Indicators
- Detailed Step-by-Step User Guide
- Non-repainting Trading Signals
- Built-in Alert Features
- Free Updates
- 24/7 Support
Forex Tornado Strategy Summary
Overall, I do think that the Forex Tornado Strategy has some potential when used correctly, but it also leaves a lot open to interpretation. I say that because I would not personally use this forex strategy “out of the box” without doing my own additional market analysis to confirm trades. You can if you want to and are looking for a ready to go system, I just feel that it will require some user input in order to confirm the signals. You also need to think about your stop loss and take profit levels as those provided by the Forex Tornado System may not be suitable for everyone.
If you are interested in downloading the Forex Tornado 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 Tornado System and get the most out of it.
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 Tornado Strategy 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 Tornado Strategy download you can visit the website by using the link below.
Forex Tornado Strategy
$37
Pros
- Automatic Buy & Sell Signals
- Set Signal Alert Notifications
- Combination of Technical Analysis
- Trading Dashboard
- Versatile Forex System
- Detailed Instructions
- Free Updates
- Full Support
- Any MT4 Forex Broker
- Any Trading Instrument
Cons
- MetaTrader 4 Only
- Requires Some User Initiative
- Takes Time To Learn How To Use
- Not Very Innovative
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.
