The hit rate will vary considerably depending upon the currency pair, the time frame (was it trending a lot or chopping) and the length and type of moving averages. The bottom line: don’t waste your time. This is the first system I ever heard about and tested on a punched tape computer in 1976. I don’t care how you set it up it will not make money consistently.
Later I found out that Merrill Lynch had also tested it extensively and found that you can’t make make money with it. Auto trade systems are difficult to develop and seldom make money consistently. Any that you are offered by an FX broker are not likely to work. Ditto any that are for sale or rent.
The traders who are going to start trading in the forex market need to follow some strategy. If any new traders or beginners want to enter into forex he should know the basics of forex trading. Without the basic knowledge he cannot trade in the forex market. A trader can open a demo account to learn all the basics of forex trading. It will help him to know how to trade, where to trade, when to trade. It has no risk. There is no need to invest capital in a demo account. I also opened a demo account in Tpglobalfx. I learned all the basics of forex trading from that demo account practically. It is a demo version of a live account. So everything in there is just like a live account. So a beginner can easily learn the basics of forex from a demo account.
Forex trading is a very profitable and famous business in the world. You have to know all the basic things before start trading. A reliable broker and strong knowledge are very important for a trader. There is no alternative way of a reliable broker. Choosing a reliable broker is not an easy task though. I trade with Eurotrader. They are one of the best brokers I have ever worked with.
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