Saturday, November 25, 2017

Forex Signal Indicator Software Review

May 17, 2013 by  
Filed under Useful Forex Broker & Software

Recently I bought a trend scanning tool to help me analyze the market trend automatically instead of me having to look through different charts to do it myself.

Therefore I decided to write a blog post to share with you guys what I think about this tool as well as what it can do for me.

NOTE: Please do not trade simply based on the BUY or SELL signal produced by the software. There are too many signals given everyday and not all of them results in winning trade. The signals are only based on breakouts and therefore not very reliable. They are more to trading than simply breakout.

If people can make money simply from breakout of patterns, then everyone can be a profitable trader. You need to have a combination of conditions and indicators to give you a buy or sell signals. For me, I use this signal as an additional condition to my own set of forex strategies.

Do note that there is a video recording at the end of this post. I recorded a video to show you what it is like after I log into the software system so that you can have a better idea of what it is all about.

So spend sometime to read this article and watch the whole video that I have recorded for you. Hopefully you will find this software useful for you.

So What The Tool Can Do For Me?

1) This tool is able to scan through all 37 currency pairs at one go identifying the trend for the 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, Daily, Weekly and Monthly chart.

It also comes with an email alert function which will alerts you once the trend drawdown falls below certain percentage.

2) Beside telling the trend, this tool can also help us to identify candlestick patterns like the Flag, Wedge as well as Triangle on all the 37 currency pairs.

Similarly, you can also ask the system to alert you when new patterns are formed on any one of the currency pairs.

3) It comes with a buy and sell signal based on breakout of wedges, triangles and flag. At the time of writing this post, there is an alert on the USDTRY pair asking me to enter a BUy trade due to breakout of falling wedge at 1.8227.

However don't blindly follow the signal, you have to do some analysis yourself to make sure that the trade is workable.

Click Here To Find Out More About This Software

How To Use This Tool?

I will look at the trend on those currency pairs that I am interested in everyday and decide on whether I am going to trade using the trend strategy or any other strategies.

As for the patterns identifying feature, I use it to help me identify patterns for trading breakout strategy. This alone save me a lot of thing and for those of who are not that good at identifying patterns, this is a great tool that you must have.

I bought this tool for $37 and I am very happy with it and that is why I decided to share with you guy my opinion on this tool. For those of you who find this tool useful for you, you can visit the website by clicking on the link below.

Click Here To Find Out More About This Software

In fact, I have recorded a video to show you how I use this tool. So take your time to watch the video.

I will continue to share with you guys more tools and courses that I find useful for myself.

Comments

16 Responses to “Forex Signal Indicator Software Review”
  1. Ham Phirun says:

    Do this software suitable with binary option ???

  2. Rich says:

    Hi Kelvin,
    I’m planning to buy your Binary options Course soon.I read in your article where you said that you trade with $500.I just want to ask what is the min to have in my account to be able to trade with $500 and how many times can i trade in a day with your course?

    • Kelvin says:

      Hi Rich

      Yah, to trade $500 per trade, you need to have a minimum of $2,500 so that you can trade 5 times in a row. With the 3 strategies, you can get a few trades per day without problem.

  3. Jacob says:

    Hi Kelvin,
    How does this software differ from Autochartis, which is provided by some of the brokers?

    Thank you.
    Jacob

  4. ben says:

    Hi Kevin

    l am in your mailing list and one of your daily follower… Your opinion do count for me. l am really interesting by F Trendy especially if you recommend it…

    But if you don’t mind l have some questions…

    Have tried so many promising stuff in the past…have asked so many time money back…So now l try to be 100% sure before ”adding” to cart…

    So it’s around 12$ monthly…steady price or just for a period of time?
    You said it’s saving you a lot of time… That do work pretty well…right? Is this the best signal indicator you have tried so far? …no cons at all?
    Just want to be doubtless and not asking my money back for once…

    Thanks a lot to take time to read and for what you do for us

    • Kelvin says:

      Hi Ben

      The information provided in this software is great for the price we are paying.

      However please do not use the signal alone to trade. What this software is doing is to inform you of a breakout but not all breakout are profitable.

      We need to do some work ourselves to verify if it is a viable trade or not.

      If you ask me whether it is worth the price, I must say yes. But if you are planning to use the signal to make a good income, then I will say no as this is not what it is meant to be.

  5. Tang says:

    Hi Kelvin,

    Thanks for the recommendation. I have paid for it from the link you provided and currently testing it out. Pretty good so far.

    Regards, Tang

  6. zack says:

    hi kelvin i bought your mastery course, how can this trend signal scanner help us in the trade?

    • Kelvin says:

      Hi Zack

      This trend signal indicator has the ability to identify patterns like triangles, wedges and so on for you. It will tell you when to enter a trade when there is a breakout. It will be very useful if you are a breakout trader.

  7. Jonah says:

    Hi Kelvin,

    Many thanks for introducing the indicator software to your blog, It’s really being helpful, great job and one of best blog so far, wish you the very best pal.

  8. jaisingh Pugazhenthi says:

    Hi Kelvin,

    I would like to know more about the software which you recommended. Pl update us how is the performance if you take buy/sell signal from this tool and also pl tell me this tool can be used in MT4 platform?

    As usual you are helping us to improve our trading, Thanks and cheers Kelvin

    Jaisingh p

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