Advantages of Having a "Built-in" Forex Strategy Simulator
Anyone that is committed and serious about trading forex knows that you must test your strategy before you go “live” with it. Of course you could do the “kamikaze approach” and learn as you go... but we all know how that ends up 99% of the time: depleted accounts and piles and piles of frustration.
So you think you have a winning strategy... but the question remains: How do you test your strategy?
The MT4 is a complete platform which includes a strategy tester - the equivalent to a flight simulator for pilots-, but I think it is somewhat incorrectly labeled as such. Let me explain: It is a fabulous “robot” tester, but when it comes to testing manual strategies, it falls a bit short because not all indicators will work properly and some other important limitations. Or you could try scrolling back in live charts and say “oh... every time this indicator does that... the price drops like a ton of bricks”, with many new traders not realizing that indicators will re-draw multiple times before they settle in one place, giving you very false expectations of a particular strategy using this ineffective method.
Another approach is to spend a couple hundred dollars and purchase a strategy tester in a box. But you still have to come up with a winning strategy!
Finally, we have the Forex LST System - a complete package that includes a built-in strategy tester that runs directly and seamlessly in your MT4 platform’s tester. It will allow you to practice as long as you need, on whatever timeframe you choose, and whatever currency pair your broker carries, without having to worry about indicator repainting or consequences for making mistakes as you learn. It includes the ability to “fast-forward”” the chart along during the “idle” times until you receive a signal, at which point you can slow it down almost to a pause, analyze and study the situation and prepare yourself for what you are about to do - in other words, start training your eyes and your brain to be able to recognize what the strategy looks for and successfully execute the trades.
The rules for the Forex LST System are clear. But you need to practice to be able to gain the confidence to know that when you enter the trade, IT’S GOING TO WORK IN YOUR FAVOR. You will learn about favorable candle patterns, be able to spot right away good areas of support and resistance, and before you go “live” with the system, you will be able to look at one of the signals and know - right there, on the spot - if that will be a good entry or not according to the rules of the strategy.
It won’t take you very long to get to this point, either. With the strategy tester’s “fast forward” feature you can go through days of trading in only a matter of hours! It’s like putting years of experience under your belt in a virtually matter of days.
We all know the old saying “practice makes perfect”, and with the LST strategy tester you will have the tools to get several steps closer to that point!
Is it possible to earn in Forex from losing trades? Vladimir will show you how...
EAs (Expert Advisors) or “robots” operate under the idea that, simply put, “if conditions A, B, C and D are met, execute a sell”. They operate under strictly technical analysis. They do not contemplate factors from the fundamental realm or unforeseen conditions, and therefore have been known to completely wipe out accounts. The Forex LST System incorporated the principles of a robot, up to the point that it gives you the signal, but the order to buy or sell is given MANUALLY by the trader, once the conditions are met and the trader is satisfied by all other variables. It allows you to move away from the terminal if you need to and not be afraid of missing a good entry. It will show you on the chart, give you an audible alarm and send you an email (if you chose). It is the best of both Worlds.
Vladimir Ribakov and his team have done it again. They have created and delivered another outstanding product for the forex market. This time it’s the Forex LST System, a hybrid alert robot.
But leaving aside all the marketing hype... what really makes this such a superior product? Lets take an objective look at it:
1) It is based on a sound strategy: the occurrence of divergence in the market.
Divergence is something that happens regularly in the market that announces a trend correction or even a trend change. It’s a warning sign. And a very reliable one.
2) It incorporates a candle pattern recognition software.
This is an elaborate part of the whole robot that filters out the entries, allowing you to take advantage of the statistically better ones.
3) It gives you a price channel.
A clear projection where price is likely to go that allows you to determine instantly if the entry you are about to take makes sense based on risk and reward ratios.
4) It comes with an incorporated strategy tester robot.
This is a crucial and unique element in this package. The ability to run the strategy in MT4’s own strategy tester using historical data for the trader to be able to familiarize himself with the strategy. It will allow the trader to do it so much faster than running it on a demo account in real time, and allow him to practice as long as needed. We all learn at different speeds. The Forex LST System caters to exactly that.
5) Forex LST System works on any currency pair, on any time frame.
So many robots out there say they work only on this or that pair, or only on one time frame. Why limit yourself? The Forex LST System is based on divergences, and divergences do not discriminate based on pairs or time frames. The only thing the trader will have to keep in mind is that the lower the time frame, the more often a signal will occur, but the tighter the price channel will be. By contrast, the higher the time frame, the price channel will expand to more pips, but you won’t get entry signals as often.
But Forex LST System is not for everyone. We will warn you right now: It does not succeed in all its trades, and we will not promise such thing. BUT, since it is a statistical-based system, even if you took more losing trades than winning ones, you will end up in profit.
For those of you seeking for a system that only generates winning trades, please look elsewhere... and best of luck. Forex LST will protect your account by only recommending a 1:2 ratio (stop loss:profit target). In doing so, mathematically, you could lose 3 trades for every trade you win and still end up ahead.
If you stop and think about it, look beyond empty claims and promises made by other systems and compare, you will realize that Forex LST System is in a league of its own. This system will raise the bar of what other systems will have to offer to be competitive. This is a game changer. This is the Messi of forex.
You better believe it. Not only is the system for real, but during beta-testing stages, even the testers that achieved only 40% success rate with the trades they chose, ended up in profit. This system is so powerful that even with a losing streak, at the end of the month you can end up profitable in your account. Yes, you read this right... even after having chosen only 40% of the trades correctly, you can still end up profitable in the bank.
The math is quite simple: if for every trade that you risk 1 dollar, you aim to get at least 2 dollars, you could conceivably get one trade right out of every three and still break even!
And not only does it give you 3 options to adjust to your risk comfort: CONSERVATIVE, NORMAL and AGGRESSIVE, but it also clearly shows you what your profit target is expected to be, so you can quickly decide, based on your stop loss, if you have the 1:2 ratio required.
The system also comes with a built-in simulator for the user to practice the trades, getting their eyes used to what the best set-ups look like. This is a custom-built expert advisor that runs seamlessly in your MT4’s strategy tester.
But let’s be clear: you aren’t just buying a trading system. Its creator, Vladimir Ribakov - a World renowned divergence expert, will hold regular live webinars for all those that feel they need some clarification or may have additional questions. You will be able to ask Vladimir directly anything you need to know about the system.
But that’s not all... with outstanding customer support, live Skype room for the users, and the unconditional 60 Day Money Back Guarantee, you really have to try it. What have you got to lose?
Please understand something: Seven independent Beta-Testers were given the system along with a short video explanation on how to use it. After two weeks of running trades on the simulator and on demo accounts- and all of them showing profit - have all chosen to incorporate the system into their current trading toolbox.
You can be profitable as well. As long as you don’t deviate from the rules - and can handle occasional losing trades - there is absolutely no reason for you NOT to be profitable. The Forex LST Syatem is for real.