In this post I will be reviewing the Trend Extreme Dashboard forex trading system for the free to download and widely used MetaTrader 4 (MT4) forex trading platform. You can download MT4 from some of the best forex brokers worldwide and get started with a free demo trading account to practice your manual forex trading or to run fully automated forex trading systems (forex robots).
I would always want to use an ECN forex broker for the best possible trading conditions such as low spreads, low slippage and low commissions. This can save me on trading costs in the long run.
Trend Extreme Dashboard is fully automated and thus is suitable for beginners and advanced traders alike, just make sure you understand the risks involved with trading before using any forex system!
Trend Extreme Dashboard Trading System
The Trend Extreme Dashboard despite it’s name is actually fully automated. Usually forex software with a name and layout like this are provided as a manual forex trading system but in this instance, Trend Extreme Dashboard will analyse multiple currency pairs for you and use the built in technical indicators to try to determine if the currency pair is trending or not. Once the Trend Extreme Dashboard has determined there is a strong trend, it will use its built in “pull-back” analysis to look for a possible opportunity to enter into the trend.
Trend Extreme Dashboard Summary
I personally feel that the developer has not provided enough information on the official Trend Extreme Dashboard website such as money management it uses, back testing with real tick data and real spreads including commissions whilst we are also lacking real live verified myfxbook or FX Blue results.
For this reason, I would probably pass on the Trend Extreme Dashboard, there are better automated forex trading systems commercially available to retail forex traders based on my forex robot reviews over the years.
Trend Extreme Dashboard is also highly dependent on trending markets and despite all of the built in technical analysis filter, I think it could benefit from some form of fundamental analysis (sentiment, currency strength, etc) to improve it.