Sunday, April 29, 2012

Forex Envy - Basket trading perfection?

Hi All, I have been following this forex system for some time now. This system opens a basket of trades and will close them for a minimal specified gain all while taking some losses as well. In doing so it will hedge different pairs via a long trading cycle and a short trading cycle to diversify its trading at the core. The vendor page is clean and well designed with many backtests and forward tests running that anyone can follow the performance. It is stated on the site that their system has withstood various economic crisis over the past 15 years or so.
The difference between this system and others is that most systems do not provide a trading plan with an account withdrawal plan like Forex Envy does. It is all mapped out with a nice flow chart shown here. This is a refreshing take on how to protect your profits in the rare but possible case of catastrophic events.

This system can trade very often so you must use lower lot sizes to eliminate the possibility of a margin call, especially if you are going to trade this with lower leverage. I believe the vendor recommends at least 1:200 leverage and the higher the better
.

I believe this is a solid system and I do recommend this system to traders. Just be sure to always trade a system like this with lower risk and proper money management.


I would not recommend trading this with higher risk although some might be tempted to because the backtests look really sweet. I have provided link below.


Forex Envy Website