Day Trader
 The key to successfully trade Forex is the chart time interval. You need to avoid the short time intervals when you plot your trading charts. 15-30 minutes are the smallest interval for your trading charts. Intervals smaller than that will generate too many signals and the large spread in the bid and ask prices truely works against your performance. Forex trading with 30-60 minute charts actually are more of a swing trading. You can also use the daily chart to coordinate your 30-60 minute charts. |
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Swing/Position Trader?
30-60 minute charts are used to swing Forex contracts. Couple with daily charts, you will be able to capture the significant trend movement of Forex markets. More account margin reserves are needed to withstand the overnight price fluctuation of the Forex contracts. With proper filtering, you will trade less and more efficient. The signals accuracies are relatively high when you use longer time internals. Sometimes, you can hold the position for several days. |
Portfoilio/Position Trader?
Unlike day trading or swing trading where you need to watch the real time charts, portfolio trading is mainly using daily charts. For each symbol, it is more of a position trading with real time data. With proper diversification, portfolio trading has a much smoother equity curve. Portfolio trading can sustain a much larger drawdown for an individual symbol. With back tested strategies, you know you at least trade the strategies that are proven to be winning for the historic data. You also know the historic individual symbol trading drawdown and combined portfolio drawdown so that you can setup your trading account accordingly. |
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Algorithmic Trading with Auto Order Execution
How often have you missed a trade because you weren't looking at the right chart and the right time? What about the time it takes to actually place an order manually while the market pulls the rug from under your feet? Using the speed of your computer, the ForeXecutor is designed to monitor the market for you, seek and identify trade opportunities based on your trade strategy, and execute the trades for you automatically. Even the seconds it takes to manually enter a trade can be the difference between a huge profit or a disappointing loss.
No longer do you have to be forced to watch your charts, trying to keep up with the market. The ForeXecutor gives you the power to monitor all currency pairs at once. It is designed to monitor multiple currency pairs and time frames, no matter how complex or strict your strategy may be. That means you can add conditional entries and exits, profit limits, stop losses etc, and have them all monitored simultaneously.
All professional traders have a plan in mind – a set number of pips they will take for profit, how far the market has to go against them – before they get out of the market. Sometimes we can be our own worst enemy in becoming a successful trader. The ForeXecutor takes the emotion out of trading, and make wise trades from a strategy that you have already designed and tested.
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