Editor's review
This software can predict trends, short term and long term, for index futures trading and Forex market trends for Forex trading.
TrendProphecy FX monitors the most active parts in the market by monitoring the International Currency market 24 Hours a day, with prices from a variety of sources in the Interbank market. Users have information about the current Trend and are able to follow the development live on the Price - Display and Graph. You should start trading only after a trend is confirmed by the application. When confirmed you get audio alerts and an indication as to short or long position to take. The tool computes the short and Long term market trend for Emini Index trading. It also computes short term Forex market trends for international arbitrage trading. It is able to combine the strategies of trend trading as well as swing trading. Strategies used by scalp traders as well as conservative traders are take into account. The system issues alert signals when the trends become unstable.
The main display in the interface shows the price movements and trends are color coded. Monitoring, analyzing and trading is done in seven Currency pairs; EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, GBPJPY. This is not an automated trader so the user need to take a position based on the trend and when it is stable. There is a display for each currency pair and is suitably annotated. It computes a confirmed entry signal using proprietary algorithms. The tool will also issue a warning when the Trend becomes unstable. The trader is to take profit if possible while the trend is stable or immediately when the trend unstable sign shows. It`s up to the trader to decide an exit strategy. Trends are a useful help. If you trade regularly, this is one tool you should try out.
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