Forex Triple Hit is another manual forex trading system for the MT4 platform that has been created by Rita Lasker. She is quite well known in the forex industry for selling a range of forex products, some of which I have previously reviewed, including Forex Astrobot and Forex Olympus. I always wonder why someone who is a successful trader would be selling trading systems but let’s put that aside for this Forex Triple Hit Review and take a look at what this particular trading software does and if it is something that could be of benefit to your day trading activities.
What is Forex Triple Hit?
Forex Triple Hit is a forex strategy that gives the user buy and sell signals. It uses a built-in trading algorithm to analyse the charts for potential trading signals. Despite the system conducting in-depth complex analysis, it is actually very user-friendly because all of that is done behind the scenes.
The average user should be quickly and easily able to identify the signals that are clearly displayed on the charts. This makes Forex Triple Hit accessible to traders of all experience levels, from beginners who are getting started with trading online to professionals who day trade for a living and want to try something new.
Forex Triple Hit has been designed to run on all major currency pairs and the 15-minute to 1-hour timeframes. That being said, you can use it on any currency pair and chart timeframe that you wish.
What is the Forex Triple Hit System?
The Forex Triple Hit system is based on a combination of 3 technical indicators, hence the name. I think it is a good thing that the system uses multiple indicators as this can give additional confirmation for each signal.
The Forex Triple Hit System combines the following elements:
- Oscillator that try to track the largest trends and give possible signals to enter & exit trades
- Buy & Sell Arrows which simultaneously act as trend confirmation and show optional entry points within one big trend, allowing you to trade on one price movement more than once
- Support & Resistance Levels which represent possible key levels where the forces of supply and demand meet, which further helps to analyse price movements
How does Forex Triple Hit work?
Forex Triple Hit has been developed to run on the well-known MetaTrader 4 (MT4) platform that is used by millions of forex traders all over the globe. You can download and use MT4 free of charge with most forex brokers. I would always opt for an ECN forex brokerage as I find they offer some of the more favourable trading conditions.
Once you have the MT4 platform if you don’t already, you can simply load the provided Forex Triple Hit template onto your charts by following the step by step instructions provided. It is a quick and easy setup, for users of all experience levels.
Once you have it up and running, it will analyse the forex market for possible trading signals and alert you when it finds them. From there, you can decide if you would like to take the trading signal as is, or to conduct your own market analysis.
I would be conducting my own technical analysis, fundamental analysis, sentiment analysis and price action analysis. This is so that I get extra confirmation for each signal. I like to know why a trade is taken. However, you can use Forex Triple Hit “out of the box” if you do not have the time nor desire to learn more. Just make sure that you have a clear understanding of the risks involved with trading online using any forex system, whether it be automated or manually.
As we mentioned earlier, the Forex Triple Hit System is extremely flexible and can be used on whatever trading instrument and chart timeframe you want to trade. In my opinion, the higher chart timeframes such as the 1-hour and above, can help to filter some market noise out. I am not a big fan of getting whipsawed in and out of the lower timeframes with false signals.
One of the more beneficial features of the Forex Triple Hit Indicator is that it can send signal alerts via the following methods:
- Pop-up and sound alerts in the MT4 platform
- SMS price alert notifications
- Instant email alerts
The good thing about this is that you do not need to sit and eye boggle charts all day long. You can simply set the Forex Triple Hit Indicator to simultaneously scan as many chart windows as your heart desires, or brain can take for that matter.
Forex Triple Hit Assistant
The Forex Triple Hit System includes a free personal assistant. The developer states that this is to help automated the process. Here is how it works: When the Forex Triple Hit Indicator generates a BUY/SELL signal or explores an Extra Entry Point, the Assistant window pops up immediately on your chart offering 2 options:
- Enter Now
- Don’t Enter
The assistant window pops up all the time: at a signal generating a new trend, Extra Entry 1 and Extra Entry 2. So, you can open three trades within one trend if you desire to do so.
Furthermore, you can choose whether to exit the trade at the Opposite Signal or with chosen Take Profit, whichever you prefer according to your own individual trading style.
Just click on the Enter Now option and “Forex Triple Hit Assistant” will do the rest for you. It will exit the trades according to the chosen parameters automatically close trades, in a profit or loss.
Personally, I think it is important that some form of human element remains within in the process. This is because humans can spot things that automated system might not be able to.
For example, if there was a major news release pending that could have a significant impact on market volatility, a human may avoid trading the markets. However, an automated system may not know any different.
Forex Triple Hit Features
By now, you should have a clear idea of what the Forex Triple Hit System is and how it works. Here is a rundown on some of the key features that we have covered:
- Quick & Easy 5-minute Installation
- Detailed Step-by-Step User Guide
- Compatibility with any MT4 platform broker
- Lifelong product license
- 24/7/365 Customer Support
- 30-day money-back guarantee
- Usable on all major pairs on any timeframe
- Built-in Trading Algorithm
- 3-in-1 Combination of Indicators
- Non-Repainting Signals
- Signal Alerts
- Manual Forex Trading System
- Virtual Assistant Option
Forex Triple Hit Summary
In conclusion, I honestly do not see a great deal of different between this manual forex system and the hundreds of others that are commercially available, some even from Rita Lasker herself. I could probably put together a combination of indicators in MT4 and package them into something similar to Forex Triple Hit. It just needs a good sales page to go with it.
Not trying to be an ass, I do actually see some benefit to having everything put together for a small charge and there are some cool features such as the signal alerts. I just wouldn’t want anyone to thin they can follow these signals blindly and become a successful trader overnight.
Whilst there is no doubt that it can be used to analyse the charts for possible buy and sell signals, I think that it requires some initiative on behalf of the user. I would be double checking the signals with my own market analysis. It also requires that the user has good money management principles and trading discipline in place.
There are a lot of great looking trades shown on the Forex Triple Hit website. We certainly would be happy had we taken all of them. The problem is, that is not always the reality. There will be losing trades. Anyone can cherry pick some nice trade setups by going over historical charts.
I personally would like to see the trade history of Forex Triple Hit on a real live trading account that is verified by a third-party verification service such as Myfxbook. This would give myself and no doubt many others, more confidence in the claims being made on the Forex Triple Hit website.
All that being said, I would happily give the Forex Triple Hit System a go on a demo account. Should things pan out well and produce consistent results, I may then consider switching over to a real live trading account.
If you would like to find out more about Forex Triple Hit and see it in action, feel free to use the link below and head on over to the official Forex Triple Hit website.
Forex Triple Hit$228
- Manual forex trading strategy
- Buy and sell signal alerts
- Virtual assistant included
- MetaTrader 4 platform
- Any forex broker
- Any trading instrument
- Any chart timeframe
- Combination of indicator analysis
- User-friendly trading template
- Full support & instructions