Is Forex Trendy really worth the money and does it live up to all the hype?
Here I give my unbiased review of the cloud software I have been using for many years.
I came accross Forex Trendy when I started getting serious about Forex Trading a few years back.
I found myself getting preety good a spotting trends on a few currency pairs but there was one frustrating problem…I could only eyeball a few currency pairs at a time and it was taking up all of my time waiting for trends to form on the charts.
Why Forex Trendy changed everything
I am going to tell you about the COMMON MISTAKES traders do when drawing trend lines.
Drawing trend lines is one of the few easy techniques that really WORK. Prices respect a trend line, or break through it resulting in a massive move. Drawing good trend lines is the MOST REWARDING skill.
The problem is, as you may have already experienced, too many false breakouts. You see trend lines everywhere, however not all trend lines should be considered. You have to distinguish between STRONG and WEAK trend lines.
One good guideline is that a strong trend line should have AT LEAST THREE touching points. Trend lines with more than four touching points are MONSTER trend lines and you should be always prepared for the massive breakout!
Forex Trendy software automatically draws only the strongest trend lines and recognizes the most reliable chart patterns formed by trend lines…
Chart patterns such as “Triangles, Flags and Wedges” are price formations that will provide you with consistent profits.
Before the age of computing power, the professionals used to analyze every single chart to search for chart patterns. This kind of analysis was very time consuming, but it was worth it. Now it’s time to use powerful dedicated computers that will do the job for you:
What Makes Forex Trendy Unique Compared to Other EA Software ?
Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a system can be profitable for several months and you would be happy with it. BUT…
PREPARE FOR THE WORST…
Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex system recognizes the trend.
PROBLEM: FALSE “STRONG TREND” INDICATION.
The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a “strong trend”, but what usually happens next is a hard fall.
To avoid falling into this trap, check for the SOLUTION to find a REAL trend:
SECOND PROBLEM: TREND RELIABILITY
Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job. The problem comes with the question: “Is the market trending NOW?” Whether the market is trending or not trending is not like black and white. The correct question is: “How well the market is trending?”
And here we have something called TREND RELIABILITY.
Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. “Forex Trendy” is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart.
Forex Trendy is by far the best software I have used to succeed in the Forex Market.
Why ? Because it does the hardest most time consuming work for me and allows me to get on with my life and wait for the patterns to form. Once a strong pattern forms accross 34 currency pairs I get an email alert.
To get more information and get the cost please visit the creators official website here
Thanks for reading and I wish you every success in your trading.
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