Forex Scanner System

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Forex Scanner System



Forex Scanner System

Forex Scanner System is a trading strategy that is built to trade in the foreign exchange market. Forex Scanner System is a very simple trading method to profitably trade in the forex market. Forex Scanner is a trend following strategy which allows you to enter in to the market at the beginning of the trend and exit at the end of the trend. What could a trader ask more for? Yes, if you are able to trade with this system with complete self discipline, making money will be easier by trading in the forex market. You should follow all the rules of the market very accurately. Failing to follow the rules of the system will make you a loser instead of winner. You should also change your mindset. If should have a mind set of a winner not a loser. Winners think differently than the losers. Winners have different state of mind than losers. Winners take forex trading as a career, business and investment while the losers take it as a becoming fast rich scheme. Losers take it as a gambling platform. Losers blame the system, brokers, and many other things while the winners accept their mistakes and work out on it.

Forex Scanner System also uses pivot points but we will not use them to make our trading decisions.

We will use Forex Scanner trend and Laguerre which are custom built technical indicators for generating our trade signals.

    Forex Scanners Trend: Forex Scanner System is a technical indicator which is custom built. The bars in forex scanners trend appears in two colors; green and red. The green bars on the forex scanners trend indicate the bullish market scenario while the red bars on the forex scanners trend indicate the bearish market scenario. So you would be buying only when the forex scanner trend is green in color and selling only when the bars in forex scanners trend are red.
    Laguerre: Laguerre is a custom built technical indicator. It works like a stochastic and RSI. It is basically used in Forex Scanner System to figure out the overbought and oversold conditions.

Buying Conditions Using Forex Scanner System.

1.     Forex Scanners Trend should be green in color.

2.     Buy when the Laguerre oscillator touches the 0.15 level.

3.     Place your stop just below the recent swing low.

4.     Take profits when the oscillator starts to decline from 1.05 level.

Selling Conditions Using Forex Scanner System.

1.     Forex Scanners Trend should be red in color.

2.     Sell when the Laguerre oscillator touches the 0.75 level.

3.     Place your stop just above the recent swing high.

4.     Take profits when the oscillator starts to rise from 0.15 level.

 

REQUIRED Government Risk Disclosure Statement:

All Trading involves risk. Leveraged trading has large potential rewards, but also large potential risk. Be aware and accept this risk before trading. Never trade with money you cannot afford to lose. All forecasting is based on statistics derived from past performance of any trading methodology is no guarantee of future results. No ?Safe? trading system has ever been divided and no one can guarantee profits or freedom from loss.

RISK DISCLAIMER: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose.

NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.

EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED ON OUR WEBSITE. EXAMPLES ON OUR WEBSITE ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.


All information on this website or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This training website is neither a solicitation nor an offer to Buy/Sell options, futures or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.

Terms of Use: Your use of this website indicates your acceptance of these disclaimers. In addition, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of the information. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk.
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[Dedik Setiawan]

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