In this post I will be reviewing the TriStar Trader semi-automated forex trading system. This forex trading system will monitor multiple currency pair charts and time frames for you and then alert you when there is a signal. When you receive an alert you can click OK for the software to automatically place the trade for you with your preset values or you can place the trade manually yourself.
Being semi-automated is great as it means that you do not need to chart watch all day as the TriStar Trader system will constantly be monitoring the charts for you. It works on the free to download MetaTrader 4 trading platform and is suitable for beginner traders as it includes detailed instructions with screenshots and real trade examples.
It gives you the best of both worlds from manual and automated trading. TriStar Trader even comes with an automated installer to install on your MT4 platform automatically. It is very flexible and can be adapted to suite your trading needs such as your preferred currency pairs, time frames and availability for trading.
TriStar Trader Strategy
As previously mentioned the TriStar Trading system will give you alerts when there is a trading signal on the charts and time frames that you are monitoring. The signals are based on a combination of technical analysis to analyse the current market behaviour and anticipated direction.
These are very easy to visually identify on the chart making the TriStar Trading system very easy to trade. You can set the risk, stop loss, take profit, etc. that you would like to trade from the TriStar trading system inputs and when there is a signal alert you can allow the system to place the trade for you automatically at the click of a button using the presets you chose. Trades will then be managed and closed for you fully automated. You can of course place the trades manually yourself should you prefer.
The TriStar Strategy trades any currency pair and even gold, oil and other commodities. I would trade on major currency pairs such as the EURUSD and GBPUSD due to the tighter spreads, trading volume and plenty of liquidity for rapid execution at the best possible prices. I would use an ECN forex broker for the best possible trading conditions.
TriStar Trader Summary
Overall, TriStar Trader is a semi-automated forex trading system that produces trading signals which you can choose to take or not. I would just ensure that I always maintain a good risk to reward ratio for sensible money management and keep my trading emotions in check! It is very simple to use whether you trade it manually or automated. It is also flexible making it suitable to all traders regardless of your needs and the time you can trade. It comes with full support, detailed instructions with trading examples, updates and a 60 day money back guarantee.