| There are lots of people selling Forex trading signals | | | | signal was simple and only has one rule which gives it |
| and you have numerous robots and software you | | | | it's name - "The Four Week Rule" The rule states: |
| can buy but why pay when this signal works and | | | | Buy a break to a new 4 week high and hold onto the |
| piles up huge gains - Everything about it is enclosed, | | | | position until a new 4 week low is made and then go |
| lets take a look at it. | | | | short, keep reversing the position as each new 4 |
| The signal has been used for nearly 30 years and is | | | | week high or low is hit and always keep an open |
| the one the savvy pro traders use, sure you can buy | | | | position in the market. |
| robots and expert advisors, for a couple of hundred | | | | That's the rule, it works and yes, it is simple but |
| bucks or less but they don't even work, because | | | | simple systems always work best in Forex as they |
| they have never been traded, there just back tests | | | | are more robust than complex ones - Forex trading is |
| on historical data! Check the disclaimer and it says | | | | simple and most traders forget this fact. |
| simulated, well that's not real money. | | | | The signal works very well long term and while you |
| The signal we will look at here has been traded by | | | | have short term periods of drawdown when markets |
| numerous professional traders in real time, made | | | | are not trending, long term it makes money. You can |
| millions, lets look at the logic its based on first then | | | | apply it in 5 minutes a day per currency pair and you |
| the signal rule. | | | | don't even need a computer to do the calculation. |
| Look at a chart and you will see currency pairs, trend | | | | Test the 4 week rule and you have your own Forex |
| for long periods of time and every major trend, | | | | Expert Advisor for free and if you use it, you will be |
| starts by breaking to new highs, in a bull trend and | | | | in good company, even trading legends like Richard |
| new lows in a bear trend; the signal we will look at is | | | | Dennis, were admirers of its simplicity and long term |
| simply based upon this timeless fact. It was devised | | | | profitability so if it's good enough for super traders |
| by a true trading legend - Richard Donchian and the | | | | like him, it's good enough for me and you. |