In this post I will be reviewing the HLO2 Trading System. This is a buy low/sell high strategy that includes an automated robot. It is primarily a manual forex trading system but you can use the forex robot that is included to automate the trading. It is a multiple time frame candle strategy that tries to identify overbought/sold price levels and works with a channel technical indicator. So basically, it will try to signal a reversal trade at extreme prices near the outside of the channel.
HLO2 Trading System
The HLO2 Trading System displays clear (colour coded) and easy to understand lines, stars and channels that can give you the exact entry point into the market and can also be used as an exit signal. You can implement your own money management ensuring that you maintain a good risk to reward ratio.
The HLO2 Trading System will help to filter false signals for you and give you possible areas to place your take profit targets. Overall it is not complicated and suitable for beginner forex traders. You do not need to take every signal and can add your own analysis to filter trades before entering the market.
HLO2 Trading System Summary
The HLO2 Trading System can be applied to any currency pair chart and is suitable for scalping, intraday or swing trading (mid-long term). The money management forex robot included can manage the take profit, stop loss, trailing stop and more. This system will also give an alert when there is trading signal on any currency pair chart you have it running on so that you do not need to chart watch all the time.
It comes with detailed instructions and there are plenty of examples of the system in action on the website which you can visit by hitting the button below.