In this post I will review the FX Treasure Hunter forex software. This is yet another manual forex trading system that has been created to use in the popular and free to download MetaTrader 4 (MT4) platform which is used by millions of traders around the globe.
You may consider opening an MT4 account with an ECN forex broker if you are looking for competitive spreads, commission and execution speeds. 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.
The FX Treasure Hunter system is suitable for traders of all different experience levels and includes easy to follow instructions to help you get started. You may wish to begin practising the strategy on a demo trading account until you produce consistent results and feel confident to trade on a real account.
FX Treasure Hunter Trading System
There is nothing new to see with the FX Treasure Hunter system. It is a combination of indicators that form a trading template which you can load on any trading instrument and any chart time frame.
It gives colour coded buy or sell signals depending on the market conditions. There is an inbuilt filter that aims to avoid ranging market conditions – as the popular phrase goes, “the trend is your friend”.
I would personally use the FX Treasure Hunter system on major currency pairs including the EURUSD and GBPUSD as I find they tend to have the most liquidity which can lead to some nice big moves. It also means that I get to save on trading costs in the long term.
Furthermore, I would trade this system on the long-term charts (h1 and above) primarily due to the fact I find there can be lots of noise on the short-term charts.
The FX Treasure Hunter system is really easy to use. It can alert you when it finds a trading signal so you don’t need to chart watch and can just keep it running on the currency pairs you wish to monitor. Alerts can be sent as platform pop-ups or via SMS and email.
When you receive a trading signal from FX Treasure Hunter, you can choose to take it as is although it may be a wise idea to conduct your own analysis to further filter the signals.
FX Treasure Hunter Summary
Overall, the FX Treasure Hunter is nothing new but is a very user-friendly basic trading system that some traders may find useful. You will need to have your money management and trading discipline in check, as you should have regardless of what trading system you are using.
I would look to take the trades which give me the potential of a 1:3 risk to reward ratio as I wouldn’t want one losing trade wiping out consecutive winners.
The FX Treasure Hunter system includes instructions, indicators, template, support and a money back guarantee.