In this post I will be reviewing the Super Forex Launcher manual forex trading system for the MetaTrader 4 trading platform which is free to download and available from most of the best forex brokers around the globe. You may wish to open a demo account to practice trading to begin with until you build some confidence. I think this is a very basic forex strategy with nothing innovative that you cannot find elsehwere. Please read on to find out more about how it works along with the pros and cons.
What is the Super Forex Launcher Trading System?
The Super Forex Launcher includes 3 professional, custom-built indicators for your MetaTrader 4 trading platform. These indicators are the result of years of experience according to the developer. They say to combine all of the indicators together in order to get confirmation of a trading signal. However, I feel that it leaves way too much open for interpretation. There are no money management ideas, that is something that you will need to figure out yourself, according to your own trading goals and risk preferences.
Each indicator takes care of a different angle of the market, to help you see the big picture:
Launcher TRX Indicator – You can use the Launcher TRX to identify the phases of the market and confirm signals.
Launcher Insight Indicator – The Insight indicator will help show buying\selling pressure, volatility changes and volume trends.
Finally, there is a “secret” indicator as the developer calls it. I would take this with a pinch of salt. At the end of the day, this is just another forex system using technical indicators with fancy names – take from that what you will! I actually think you could create something very similar yourself, completely free of charge. If you need some inspiration, there are lots of trading strategy ideas freely available from many online trading websites.
Although, that is not to say they won’t work, it just means that indicators aside, trading results can be dependent on many other factors such as discipline, patience, money management and using a good ECN forex broker. In general, a forex broker with low spreads and commission fees can help to save you on costs in the long run.
IC Markets are my top choice of forex broker for manual trading and automated trading robots. This is because I find them to have tight spreads, low commission fees and plenty of liquidity which means that you can get your trades executed at some of the best forex market prices at all times. From my experience, they also provide excellent 24/7 customer support and have a good variety of convenient account funding options for you to choose from.
I prefer to trade major currency pairs such as the EURUSD & GBPUSD due to the lower trading costs and also have a positive risk to reward ratio so my winning trades are greater than the losing ones for long term profitability. To be fair, the Super Forex Launcher system is very versatile as you can use it on any financial instrument and chart timeframe. I just think it requires significant input on behalf of the user as there can be too many false signals using it as is.
How does the Super Forex Launcher System work?
The Super Forex Launcher strategy has been developed to run in the MT4 platform. It comes as a trading template along with built-in indicators that you can apply to your chosen chart symbols and timeframes. You can use the default settings or adjust them according to your own needs. I would certainly practice on a forex demo account to begin with and only use this manual forex strategy as supplementary indicators to my own market analysis.
The Super Forex Launcher indicators show messages in human language that are easy to understand, and give you some insight into the forex market. You can get some valuable information about the volume trend, market condition, buying/selling pressure and more. However, this is not nothing new that you cannot get from using the basic technical indicators that are included free of charge within the MT4 platform.
Super Forex Launcher Summary
Overall, the Super Forex Launcher is a very basic manual forex trading system which can be used by any level of trader.
It is simple to learn but I feel it needs further technical, fundamental and price action analysis added to it which you would need to do yourself, perhaps using further forex trading tools or your own forex trading system. There are better options out there for sure!
If you are interested in downloading the Super Forex Launcher system, 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 Super Forex Launcher and get the most out of it. You can get a free demo trading account from most forex brokers. Once you have built some confidence and have some success, you may then consider switching over to a real live account.
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 Super Forex Launcher can be used, so it is important to try and see if it can work for you before making any commitment.
It does come with instructions, real trade examples, support and a money back guarantee. I do think the developer could tone down on the claims they make on the website. It almost gives the impression that this forex system will guarantee good results but we all now that is not the case. If years in the forex industry have taught me anything, it is that nothing is guaranteed and there are always significant risks involved. Just go careful when using this or any forex strategy, practice and learn as much as possible.
Super Forex Launcher
$87
Pros
- Versatile Trading System
- Multiple Currency Pairs
- Multiple Timeframes
- Manual Forex Trading System
- Full Support
- Detailed Instructions
- Forex Signals
- Money Back Guarantee
Cons
- Not Very Innovative
- Quite Basic Forex Strategy
- MetaTrader 4 Only
- Requires Some User Initiative
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.
